16 articles
Venture Global assured major clients including Exxon and Chevron that its Plaquemines Phase 2 LNG plant remains on track for 2027 deliveries despite rising global gas prices. This reassurance follows
Motiva and Exxon are securing their major East Texas refineries against Tropical Storm Edouard without reducing output, while LNG operators Cheniere and Freeport monitor conditions. Preparations inclu
Shell's US chemical assets attract bids from Exxon, LyondellBasell, and others in a potential $8 billion deal, per Financial Times.
Exxon and Chevron reported record profits amid soaring fuel prices driven by Middle East tensions. While crude prices dipped, station costs remained high as major oil companies allocate windfalls to d
Exxon and Chevron posted record profits as US-Iran conflict disrupted Strait of Hormuz shipments, spiking Brent crude above $100. Consumers face higher fuel costs while refining margins surge due to g
Kazakhstan's primary oil export terminal was suspended for the third time this month after Ukrainian drones attacked tankers at Russia's Novorossiysk port. The incident disrupts 80% of Kazakhstan's cr
KazMunayGas intends to pay its portion of a disputed $5 billion environmental fine for the Kashagan oil field, diverging from foreign partners like Shell and Exxon who contest the penalty.
Drone attacks damaged an Exxon-chartered tanker near Russia's Black Sea CPC terminal, halting loading operations and evacuating crew amid escalating regional shipping conflicts.
Amid rising oil prices driven by Middle East conflicts, Guyana's Exxon-led production is surging, boosting government revenue while exposing economic vulnerabilities like inflation and infrastructure
Alaska's oil industry is rebounding due to new geological finds and supportive federal policies, prompting major players like Exxon and Shell to resume investment in Arctic projects.
Proxy advisory firms Glass Lewis and ISS recommended shareholders vote against certain board stances at Exxon and Chevron. They cited climate risks and governance issues ahead of the May 27 annual mee
Exxon CEO Darren Woods warned that export bans and price caps imposed by China and Russia will exacerbate global energy supply shortages amid the Middle East conflict. Such policies hinder market reco
BP shares surged 20% during the Iran war, outperforming Exxon as trading profits soared and production outages were avoided. New CEO Meg O'Neill plans to prioritize debt reduction while expanding foss
Gabon's oil minister stated contracts with BP and ExxonMobil will be signed within four to six months following preliminary exploration agreements. The move aims to replenish resource bases as oil maj
ExxonMobil withdrew offers for two initial LNG cargoes from its Golden Pass plant as operations run at one-third capacity. The $10 billion joint venture faces delays and currently lacks long-term expo
Dow, Exxon, and rivals are hiking plastic resin prices amid Middle East conflict disrupting key oil shipping routes. Polyethylene costs have more than doubled since the war began, with recovery expect
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