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Tag: Oil Giants


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

Oil Giants Are Dealt Major Defeats as Climate-Change Pressures Intensify

May 26, 2021

Via: The Wall Street Journal

Exxon Mobil Corp. and Royal Dutch Shell PLC suffered significant defeats Wednesday as environmental groups and activist investors step up pressure on the oil industry to address concerns about climate change. In a first-of-its-kind ruling, a Dutch court found that […]