Exxon, Chevron Fall as First-Quarter Earnings Miss Estimates
Exxon Mobil and Chevron declined after disappointing first-quarter performances despite posting strong production gains in marquee oil projects in Guyana and the Permian Basin.
Exxon Presses Case for Hydrogen Tax Credit
Exxon Mobil pressed the case for hydrogen produced from natural gas to receive U.S. tax credits under the IRA after signing an accord to sell the fuel to Japan’s biggest power provider.
Exxon Open to Dialogue With Chevron Over Guyana, CEO Says
Exxon Mobil is open to talking to Chevron about its proposed takeover of Hess as the oil giants spar over the deal’s implications for a massive offshore oil project in Guyana.
Chevron Buys Land for Possible New Facility Outside Houston
Chevron Corp. bought a plot of land the size of almost 60 football fields just outside of Houston in preparation for what could become a new research-and-development campus.
Exxon Profit Misses Estimates as Natural Gas, Refining Slip
Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit amid weaker natural gas prices and shrinking returns from fuel sales.
Exxon to Build $400 Million Wyoming Carbon-Capture Project
Exxon Mobil Corp. reached a final investment decision on expanding a carbon-capture facility at LaBarge in Wyoming with the $400 million endeavor expected to start up by 2025.
Chevron Profit Falls Short of Forecasts Despite Oil’s Rally
Chevron Corp. posted disappointing profits after slumping values for some long-held fields hurt the oil giant’s ability to take full advantage of surging energy prices.
Exxon’s Gulf Coast Carbon Hub Gains Support of Energy Titans
An ambitious project aimed at capturing millions of tons of carbon emissions along the U.S. Gulf Coast in Texas garnered the support of some of the world’s biggest refiners and chemical manufacturers.
Chevron CEO Warns of High Energy Prices, Supply Crunches
The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive.
US Oil Majors Downgraded by S&P on Climate Risk, Earnings
Exxon Mobil Corp., Chevron Corp. and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.