Business Exxon and Chevron Signal They Are Still Shopping for Deals Nick J Adam Jul 29, 2023 Though earnings dipped last quarter, oil giants together added $14 billion in profits to their cash piles and are… Read More...
Business U.S. Oil Boom Blunts OPEC’s Pricing Power Nick J Adam Jul 7, 2023 U.S. petroleum production is on pace for a record-breaking year, helping to keep energy prices stable despite the… Read More...
Business Exxon, Chevron Profits Are Robust Even as Oil Prices Drop Nick J Adam Apr 29, 2023 Exxon Mobil Corp. and Chevron Corp. collectively posted $18 billion in first-quarter profits, showing… Read More...
Business Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts Nick J Adam Apr 17, 2023 As Russia scours the globe for buyers of its energy products, it is finding eager trade partners in an… Read More...
Business Saudi-Led Oil Cuts Risk Fueling Inflation and Harming Global Economy, IEA Says Nick J Adam Apr 15, 2023 The oil market will fall into a far larger oil deficit sooner than expected following surprise production cuts… Read More...
Business Saudi Aramco Posts Record $161 Billion Profit for 2022 Nick J Adam Mar 13, 2023 Saudi Arabia’s national oil company reported record annual profit of $161 billion for 2022, the largest ever by an… Read More...
Business War in Ukraine Drives New Surge of U.S. Oil Exports to Europe Nick J Adam Feb 27, 2023 A year of war in Ukraine is revitalizing U.S. oil exports as a source of financial influence and geopolitical power. As… Read More...
Business North African Countries Snap Up Russian Oil Products Shunned by West Nick J Adam Feb 26, 2023 With Russia cut off from the European market, North African countries have stepped forward to become voracious buyers of… Read More...
Business Group of Seven Agrees to Expand Sanctions on Russian Oil Industry Nick J Adam Feb 4, 2023 The U.S. and its allies agreed to cap the sales price of premium Russian petroleum products such as diesel at $100 a… Read More...
Business Exxon Vaults to Record Annual Profit of $55.7 Billion Nick J Adam Feb 1, 2023 Exxon XOM 2.32% Mobil Corp. rocketed to its highest-ever annual… Read More...