Chevron’s $53bn Hess buyout threatened by rival oil giants NEW YORK: Chevron disclosed Monday that its proposed $53 billion acquisition of fellow American firm Hess could be... Published 27 Feb, 2024 11:25am
World Record more than 2,000 fossil fuel lobbyists at COP28 talks: NGOs PARIS: A record almost 2,500 fossil fuel lobbyists have been accredited for UN climate talks in Dubai, as... Published 05 Dec, 2023 10:26am
Business & Finance ExxonMobil profits fall on lower crude prices, touts fossil fuel deal NEW YORK: ExxonMobil reported lower profits Friday compared with the year-ago blowout quarter as the oil giant... Published 27 Oct, 2023 05:29pm
Markets Oil majors still profitable even if super-profits gone PARIS: From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits... Published 07 Aug, 2023 06:34am
Business & Finance ExxonMobil, Chevron report higher profits despite oil price dip NEW YORK: US oil giants ExxonMobil and Chevron reported another quarter of heady profits Friday as both companies... Published 02 May, 2023 05:59am
Business & Finance With profit of $56bn Exxon smashes all industry records HOUSTON: Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about... Published 06 Feb, 2023 07:28am
Opinion Politics, cash, fame: what motivates climate change deniers Right-wing ideologues funded by fossil fuels, fame-seeking narcissists and doubt mongers monetising their content ... Published 01 Feb, 2023 05:58am
Business & Finance ExxonMobil reports record profits of $55.7bn in 2022 NEW YORK: ExxonMobil reported record annual profits of $55.7 billion in 2022 on Tuesday, reflecting higher commodity... Published 31 Jan, 2023 06:20pm
Markets West African crude LONDON: Offers for some varieties of West African crude climbed on Thursday on relatively high refining margins in... Published 27 Jan, 2023 06:15am
Business & Finance UN chief slams oil firms for ‘big lie’ on global warming DAVOS: UN Secretary-General Antonio Guterres skewered oil firms on Wednesday for having “peddled the big lie”... Published 19 Jan, 2023 05:58am
Markets Asia’s re-grade hits three-week high on sell-off SINGAPORE: Asia’s re-grade, also known as the discount between jet fuel and 10 ppm sulphur gasoil, widened to a... Published 13 Jan, 2023 06:05am
Markets Wall Street surges to sharply higher close ahead of Fed week NEW YORK: A robust, broad-based rally sent Wall Street to a sharply higher close on Friday as encouraging economic... Published 31 Oct, 2022 05:55am
Markets ONGC signs agreement with ExxonMobil for deepwater exploration in India BENGALURU: Indian oil explorer and producer Oil and Natural Gas Corp said on Wednesday it signed a Heads of... Published 17 Aug, 2022 06:45pm
Markets European, US stocks rise despite latest inflation data NEW YORK: Despite fresh data showing the persistence of inflation, European stocks advanced following a... Published 01 Aug, 2022 05:54am
Markets Shell joins Qatar’s giant gas project DOHA: Shell joined Qatar Energy’s $29 billion project to expand production at the world’s biggest natural gas... Published 06 Jul, 2022 07:11am
Markets Shell joins Qatar’s giant gas project DOHA: Shell joined Qatar Energy’s $29 billion project to expand production at the world’s biggest natural gas field... Published 05 Jul, 2022 06:18pm
World Qatar, Egypt cement rapprochement on emir’s Cairo visit CAIRO: Egypt’s leader on Saturday discussed energy and investment with Qatar’s emir, who was in Cairo for the... Published 26 Jun, 2022 05:44am
Markets US stocks retreat as Powell cautions on inflation NEW YORK: Wall Street stocks fell early Wednesday, giving back some of the prior session’s gains as markets awaited... Published 22 Jun, 2022 08:13pm
Markets Oil turbulence could last five years, ExxonMobil boss warns DOHA: Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said... Published 22 Jun, 2022 08:12am
Markets Exxonmobil CEO expects tight oil market to last years DOHA: ExxonMobil CEO Darren Woods on Tuesday said it would take time for energy market volatility to end and that he... Published 21 Jun, 2022 07:15pm
Markets Biden says ExxonMobil ‘made more money than God’ LOS ANGELES: President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices... Published 12 Jun, 2022 08:24am
Markets Boosted by oil prices, ExxonMobil, Chevron throw cash at investors NEW YORK: ExxonMobil and Chevron reported soaring profits Friday despite lower oil and natural gas volumes as the... Published 02 May, 2022 06:53am
Markets Wall Street slips on global slowdown worries NEW YORK: US stock indexes fell on Monday, extending a sharp selloff from last week as fears over China’s COVID-19... Published 26 Apr, 2022 05:20am
Business & Finance ExxonMobil, Apple, Boeing latest US giants to cut ties with Moscow NEW YORK: Apple, ExxonMobil and Boeing announced Tuesday in rapid succession steps to withdraw or freeze business in... Published 02 Mar, 2022 10:42am
Opinion Oil majors face backlash as era of big profits returns Soaring energy prices have brought massive profits to oil majors — along with fierce criticism from... Published 14 Feb, 2022 06:47am
Markets Oil majors face backlash as era of big profits returns PARIS: Soaring energy prices have brought massive profits to oil majors -- along with fierce criticism from... Published 13 Feb, 2022 10:12am
Business & Finance ExxonMobil posts $23bn in 2021 profits on higher oil prices NEW YORK: ExxonMobil reported a profitable fourth-quarter Tuesday to conclude a strong comeback year in 2021 on... Published 01 Feb, 2022 07:09pm
Business & Finance ExxonMobil targets 'net zero' emissions at operations by 2050 NEW YORK: ExxonMobil pledged Tuesday to reach "net zero" greenhouse gas emissions in its operations by 2050, but... Published 18 Jan, 2022 08:56pm
World Exxon says Baytown refinery remains at reduced rates DENVER: Exxon Mobil on Monday said its Baytown, Texas, refinery continued to operate at reduced rates following a... Published 28 Dec, 2021 03:54am
Business & Finance ExxonMobil aims to double profits n restrained spending NEW YORK: ExxonMobil released a plan Wednesday that aims to double oil company's profits by 2027 as it expands... Published 01 Dec, 2021 08:58pm
