Top

Tag: big oil companies


Energy, Industry Focus Areas

Exxon and Chevron, Buoyed by High Oil Prices, Shower Investors With Cash

April 29, 2022

Via: The Wall Street Journal

Big oil companies are continuing to reap the benefits of high commodity prices but aren’t backing off plans to reward investors while keeping production roughly flat. Exxon XOM -2.24% Mobil Corp. said Friday it collected $5.5 billion in first-quarter profit, […]


Energy, Industry Focus Areas

Big Oil Companies, Back in the Money, Keep Spending Tight

July 30, 2021

Via: The Wall Street Journal

Big oil companies are raking in their highest profits since the onset of the coronavirus pandemic, but they plan to continue spending sparingly to boost production despite higher commodity prices. Exxon Mobil Corp. reported $4.7 billion in second quarter profit […]


Energy, Industry Focus Areas, Regulations

US judge throws out climate change lawsuits against big oil

June 26, 2018

Via: Penn Energy

SAN FRANCISCO (AP) — A U.S. judge who held a hearing about climate change that received widespread attention ruled Monday that Congress and the president were best suited to address the contribution of fossil fuels to global warming, throwing out […]


Energy, Industry Focus Areas, Regulations

Judge holds climate change class in suits against big oil

March 21, 2018

Via: Penn Energy

SAN FRANCISCO (AP) — A federal judge presiding over lawsuits that accuse big oil companies of lying about global warming to protect their profits is turning his courtroom into a classroom in what could be the first hearing to study […]