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17 08 2022 | 16:02

Oil firms seem more interested in shareholders than net zero

Oil companies are partying like it’s 2008. As during the global financial crisis that took hold that year, economies face the prospect of deep recessions but oil companies are reaping record profits…

09 08 2022 | 08:47

Big Oil companies post record profits

ExxonMobil, Chevron and Shell posted record profits in the second quarter of 2022 as companies announced earnings this week.  The profits come as the world saw extremely high prices of both oil and…

28 04 2022 | 13:07

IEEFA: If Chevron, Exxon and Shell can’t get Gorgon’s carbon capture and storage to work, who can?

27 April 2022 (IEEFA): At a cost of more than A$3 billion, Gorgon, the largest carbon capture and storage (CCS) project in the world has failed to deliver, underperforming its targets for the first…

15 06 2021 | 11:06

The Retreat of Exxon and the Oil Majors Won’t Stop Fossil Fuel.

National oil champions are likely to fill the gap left by private-sector players—meaning emissions won't shrink as fast as the supermajors. When Exxon Mobil Corp. decided to get out of a big oil…

01 06 2021 | 17:07

‘Black Wednesday’ for big oil as courtrooms and boardrooms turn on industry.

Campaigners sense turning point as shareholders, boards and The Hague act to force Chevron, ExxonMobil and Shell to cut pollution. The world’s patience with the fossil fuel industry is wearing thin…

12 03 2021 | 08:51

Oil supermajors made $20.5 billion in 2020 but spent $49.9 billion to please investors

Five largest private-sector oil supermajors have dropped more than a half-trillion on shareholders over last decade The world’s five largest private-sector oil and gas companies collectively spent $…

01 02 2021 | 10:40

Rating agency S&P warns 13 oil and gas companies they risk downgrades as renewables pick up steam.

Firms including Woodside, Chevron, Shell and Exxon Mobil, told they could be downgraded within weeks Rating agency S&P has warned 13 oil and gas companies, including the some of the world’s…

11 05 2020 | 07:08

Oil Giants Haven’t Completely Forgotten About Climate Amid Crash.

Exxon Mobil Corp. and Chevron Corp. may be feeling the fallout of a historic oil-price crash amid the Covid-19 pandemic, but they haven’t completely forgotten to give a nod to concerns about climate…

16 02 2020 | 05:14

The future of energy: shedding light on different renewable energy options after the Chevron announcement.

After the big oil corporation, Chevron, announced their $11 billion write-down, experts are predicting a negative future for the oil industry.

08 01 2020 | 14:28

Fossil fuel political giving outdistances renewables 13 to one.

During the latest midterm election cycle, the fossil fuel industry paid at least $359 million for federal campaign donations and lobbying. Corporations, special interest groups, and individuals…

12 12 2019 | 09:07

Major fossil fuels corporations pronounced accountable in Philippines for human rights violations and climate change. responds to announcement that ExxonMobil, Shell, BP, Chevron and 43 others can be held legally accountable in the Philippines for violating human rights and causing climate change.

03 09 2019 | 10:01

Aramco Makes $250 Million/Day; Expect More Asset Buys.

  Saudi oil giant earns more than top five oil majors combined More M&A likely after Aramco takes 20% in India’s Reliance  

31 05 2019 | 12:14

Exxon, Chevron to face climate change pressure from investors.

HOUSTON (Bloomberg) --Exxon Mobil and Chevron’s unwillingness to venture beyond their core oil and gas business will face a test Wednesday when shareholders vote on climate change proposals at both…