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Elon Musk's Latest Mission: Rev Up the Electricity Industry
Business

Elon Musk's Latest Mission: Rev Up the Electricity Industry

“My biggest concern is that there’s insufficient urgency,” the billionaire tells energy executives. Source link

Exxon and Chevron Stalk More Shale Deals as Profits Dip
Business

Exxon and Chevron Stalk More Shale Deals as Profits Dip

The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping for potential acquisitions. Source link

Weaker Energy Prices Temper Shell's Profit, but Not Cash Payouts for Investors
Business

Weaker Energy Prices Temper Shell's Profit, but Not Cash Payouts for Investors

The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its new CEO unveiled a strategic

Russia Defies Sanctions by Selling Oil Above Price Cap
Business

Russia Defies Sanctions by Selling Oil Above Price Cap

Higher prices could bolster Moscow’s oil-export revenues, which last month dropped to just over half their level from a year ago. Source link

Chevron Waives Retirement Age for CEO Mike Wirth
Business

Chevron Waives Retirement Age for CEO Mike Wirth

The oil giant reported higher-than-expected profit in the second quarter. Source link

From Moby Dick to Wind Farms: East Coast Tries to Pivot Centuries-Old Ports
Business

From Moby Dick to Wind Farms: East Coast Tries to Pivot Centuries-Old Ports

Listen to article (2 minutes) NEW LONDON, Conn.—The boats tied up at Gary Yerman’s dock in this seaside city have long trawled for scallops and

The U.S. Power Grid Withstands the Heat, So Far
Business

The U.S. Power Grid Withstands the Heat, So Far

Electric supplies from renewable energy, hydropower and batteries bolster vulnerable parts. Source link

America's Rise as Energy Export Powerhouse Hinges on One Town
Business

America's Rise as Energy Export Powerhouse Hinges on One Town

Pipelines to Corpus Christi, Texas, are near capacity as U.S. oil production approaches records. Source link

This Arkansas Town Could Become the Epicenter of a U.S. Lithium Boom
Business

This Arkansas Town Could Become the Epicenter of a U.S. Lithium Boom

Near the quiet town of Magnolia, companies including Exxon Mobil are working out how to extract lithium from brine water to help power electric vehicles.

That Extreme Heat Hasn't Budged Natural-Gas Prices
Finances

That Extreme Heat Hasn't Budged Natural-Gas Prices

With a glut from the warm winter, the power-generation fuel costs 60% less than last summer. Source link