Tag: Oil Companies

Energy, Industry Focus Areas

Exxon Hits Record Profits Again as Oil Industry Sees Banner Quarter

October 28, 2022

Via: The Wall Street Journal

The world’s largest oil companies continue to reap rewards from sustained high commodity prices as Exxon Mobil Corp. XOM 1.66%increase; green up pointing triangle reported almost $20 billion in profit, its most lucrative quarter ever, while rival Chevron Corp. CVX […]

Energy, Industry Focus Areas

Dems Accuse Oil Execs of Profiteering as War Strains Supplies

April 6, 2022

Via: Transport Topics

Congressional Democrats excoriated executives from some of the world’s biggest oil companies on April 6, accusing them of exploiting the war in Ukraine and a surge in crude prices to secure windfall profits at the expense of American motorists. Oil […]

Energy, Industry Focus Areas

Oil Companies Endure Brutal 2020, Warn of Slow 2021 Recovery

February 2, 2021

Via: The Wall Street Journal

The big international oil companies are reporting one of their worst annual performances in decades and signaling that the pandemic could continue to challenge their businesses in 2021. Exxon Mobil Corp. and BP PLC on Tuesday disclosed annual losses of […]