Big Oil Has $150 Billion in Cash and Investors Want a Share

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Refiners Have a Lot Riding on Summer Driving Season

[ad_1] A golden era of profitability might be ending with ominous supply and demand trends from abroad [ad_2] Source link

Japan’s Mitsui and Sojitz warn of lower profits after record FY22/23 results

[ad_1] Japan’s Mitsui and Sojitz warn of lower profits after record FY22/23 results TOKYO, May 2 (Reuters) – Japan’s trading houses Mitsui & Co Ltd and Sojitz forecast lower net…

Exxon’s Canadian Affiliate Struggles With Oil Sands Wastewater Leak

[ad_1] Indigenous groups are criticizing a delay in revealing the full extent of toxic seepage in northern Alberta. [ad_2] Source link

Exxon Has 40 Billion Reasons to Go Shopping

[ad_1] A gusher of cash and a richly priced stock could steer the supermajor toward a deal. [ad_2] Source link

Exxon, Chevron Profits Are Robust Even as Oil Prices Drop

[ad_1] Exxon Mobil and Chevron collectively posted $18 billion in quarterly profits, showing resilience even as oil and natural-gas prices declined. [ad_2] Source link

Amazon, Facebook, Google Headline Busy Earnings Week for Tech

[ad_1] PepsiCo, McDonald’s and Exxon are also set to report amid concerns about the economy and inflation. [ad_2] Source link

Fossil-Fuel Veterans Find Next Act With Green Hydrogen

[ad_1] Executives see similarities between the nascent industry and the early days of liquefied natural gas. [ad_2] Source link

Exxon CEO’s Pay Jumps 52% Amid Rising Oil Prices, Record Profit

[ad_1] Darren Woods’s total compensation includes stock awards of $24.9 million and a nearly $6.4 million bonus. [ad_2] Source link

Exxon Deal Hunt Signals Possible Shale M&A Wave

[ad_1] A transaction involving Pioneer Natural Resources would indicate that drillers are looking to put their large war chests of cash to work. [ad_2] Source link