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Meg O’Neill’s decision to simplify the company’s structure is helping BP’s response to the disruption caused by the Iran war By Mitchell Ferman BP PLC’s new chief executive acknowledged that the oil giant still has work to do to streamline its decision-making processes and gain investor trust in a post that marked her first 100 …
BP CEO Says Oil Giant Needs to Make ‘Fewer and Better’ Choices Read More »
July 7 (Reuters) – U.S. oil and gas major Exxon Mobil (XOM.N) signaled on Tuesday that changes in oil prices would boost its second-quarter upstream earnings by $3.5 billion to $3.9 billion. Benchmark Brent crude prices averaged at $93.58 a barrel during the April-June quarter, up 4.8% from the prior quarter. The U.S.-Iran war injected …
Exxon Mobil Signals Higher Second-Quarter Earnings Read More »
(Reuters) – U.S. crude oil production rose to 13.93 million barrels per day in April, the highest on record, monthly data from the Energy Information Administration showed on Tuesday, as producers ramped up output in response to higher oil prices owing to the Iran war. Production rose by 216,000 bpd in April, EIA data showed, …
US Oil Production Rises to Record High in April, EIA Says Read More »
By Florence Tan and Emily Chow Fourth VLCC loading at Ras Tanura on Monday, data shows Iran increases oil loadings at Kharg Island, says Windward Two VLCCs head to UAE port for loading Qatari and ADNOC LNG tankers head to India and China SINGAPORE, June 29 (Reuters) – Middle East producers are pushing ahead with …
Middle East Producers Push on With Oil and LNG Loadings Despite Ship Attacks Read More »
Summary CEO Richard Jackson aims to cut debt to $10 billion Occidental to begin repaying $8.5 billion to Berkshire in 2029 Investor Bill Smead says Occidental must grow or seek a buyer (Reuters) – In not quite a month as Occidental Petroleum’s CEO, Richard Jackson has already been challenged with looking for ways to lift …
By America Hernandez Court rules ‘duty of vigilance law’ applies to climate risks Judges stop short of imposing binding business measures Prosecutors had said law should not apply to climate change Total will comply but is considering its legal options PARIS, June 25 (Reuters) – French oil major TotalEnergies (TTEF.PA) must disclose the climate risks …
TotalEnergies Must Address Climate Risks Linked to its Products, French Court Rules Read More »
By Jan Wolfe Exxon seeks compensation for property seized in 1960 Trump allowed wave of US lawsuits against Cuba Exxon sued under US law called the Helms-Burton Act Trump administration supported Exxon in case WASHINGTON, June 23 (Reuters) – The U.S. Supreme Court made it easier on Tuesday for U.S. companies to seek compensation from …
US Supreme Court Boosts Exxon’s Bid to Get Compensation from Cuba Read More »
(Reuters) – The Trump administration on Monday proposed looser rules for oil and gas drilling operations on federal lands, including a dramatic cut to clean-up costs for abandoned wells. The moves are aligned with President Donald Trump’s goal to reduce regulations for businesses and make it easier to invest in production of domestic fossil fuels. …
US Proposes to Slash Costs for Energy Drillers on Federal Lands Read More »
Reuters Activist investor TOMS Capital Investment Management has acquired a sizable stake in Devon Energy and is pressing the U.S. shale operator to sell assets or put itself up for sale, five people familiar with the matter said. Fresh from a $58 billion merger with Coterra Energy, which it completed in May, Devon is in …
(Reuters) – Chevron is continuing to look at new opportunities in the Middle East and may have more exposure to the region in the future, Chief Executive Officer Mike Wirth said on Friday. Terms of investing in the region are better than they’ve historically been, Wirth said, adding that the Middle East currently accounts for …
Chevron Continues to Look at New Opportunities in Middle East, CEO Says Read More »
