Big Oil

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BP Plc surged to a two-month high after accelerating share buybacks. Chief Executive Officer Murray Auchincloss was appointed last month.
Finance

BP investors send shares soaring as new CEO woos them with $250m buyback boost after his predecessor Bernard Looney’s abrupt resignation

By Laura Hurst and Bloomberg
February 6, 2024
Saudi Arabia orders state oil giant Aramco to drop new drilling investment in major U-turn, sparking questions over demand peak
Finance

Saudi Arabia orders state oil giant Aramco to drop new drilling investment in major U-turn, sparking questions over demand peak

By Rakteem Katakey and Bloomberg
January 30, 2024
oil drilling platform 'Hickory' is seen here in the Gulf of Mexico
Environment

Oil firms offer $382 million for right to drill in Gulf of Mexico after courts reject Biden administration plans to protect an endangered whale

By Matthew Brown, Matthew Daly and The Associated Press
December 21, 2023
Shell edges out Volkswagen to top the list of companies bringing in the most revenue in Europe
Finance

Shell edges out Volkswagen to top the list of companies bringing in the most revenue in Europe

By
November 8, 2023
Shell takes axe to its eco-friendly business as oil giant focuses on digging up fossil fuels
Environment

Shell takes axe to its eco-friendly business as oil giant focuses on digging up fossil fuels

By
October 26, 2023
‘Peak Oil’ will arrive by 2030, IEA predicts for the first time
Environment

‘Peak Oil’ will arrive by 2030, IEA predicts for the first time

By
October 24, 2023
Chevron announces buy of Hess for $53 billion in new oil megadeal days after Exxon says it will acquire shale giant Pioneer
Finance

Chevron announces buy of Hess for $53 billion in new oil megadeal days after Exxon says it will acquire shale giant Pioneer

By James Herron and Bloomberg
October 23, 2023
With war in Israel, oil traders focus on Iran and ‘domino effect’ from possible tightening of sanctions
Finance

With war in Israel, oil traders focus on Iran and ‘domino effect’ from possible tightening of sanctions

By Grant Smith and Bloomberg
October 8, 2023
Gavin Newsom signs California law—backed by Apple—requiring big businesses to disclose their indirect emissions. Many say they don’t know how
Environment

Gavin Newsom signs California law—backed by Apple—requiring big businesses to disclose their indirect emissions. Many say they don’t know how

By Sophie Austin and The Associated Press
October 7, 2023
Biden stirs anger on all sides with oil and gas lease sales in Gulf of Mexico: ‘Showing the world that it’s OK to prioritize polluters’
Environment

Biden stirs anger on all sides with oil and gas lease sales in Gulf of Mexico: ‘Showing the world that it’s OK to prioritize polluters’

By Matthew Daly, Matthew Brown and The Associated Press
September 29, 2023
Electric vehicles are growing so fast that Exxon Mobil is preparing for a future when ‘customers don’t need that gasoline’
Finance

Electric vehicles are growing so fast that Exxon Mobil is preparing for a future when ‘customers don’t need that gasoline’

By Kevin Crowley and Bloomberg
September 23, 2023
California sues oil giants for downplaying fossil fuel risks and deceiving the public as climate catastrophes mount
Environment

California sues oil giants for downplaying fossil fuel risks and deceiving the public as climate catastrophes mount

By Alicia Diaz and Bloomberg
September 16, 2023
Saudi Arabia is squeezing the oil market just as consumption surges: ‘The Fed may have to react’
Finance

Saudi Arabia is squeezing the oil market just as consumption surges: ‘The Fed may have to react’

By Grant Smith, Sarah Chen, Alex Longley, Devika Krishna Kumar and Bloomberg
September 9, 2023
Biden administration has canceled the 7 remaining oil and gas leases Trump gave in Alaska’s Arctic Refuge
Politics

Biden administration has canceled the 7 remaining oil and gas leases Trump gave in Alaska’s Arctic Refuge

By Becky Bohrer, Matthew Daly and The Associated Press
September 7, 2023
An employee manufactures copper wires at a factory in Huai’an, Jiangsu Province, China, June 2023.

Oil’s historic price surge in 2008 will look like ‘child’s play’ compared with the expected copper boom by 2025, Citi says

By
August 28, 2023

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