Oil Industry

Trump vows to tap America’s ‘liquid gold’ oil reserves and ‘drill baby, drill’—the only problem is, it’s not up to him

Donald Trump used his inauguration speech to pledge America's economy would be boosted by oil reserves. Shareholders in the industry…

3 days ago

Lockheed Martin Wrestles With Supply-Chain Issues to Arm Ukraine

Sales of the defense company’s long-range missiles known as the Guided Multiple Launch Rocket System fell in the latest quarter…

2 years ago

Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts

Despite U.S. objections, the Gulf countries are using the Russian products internally, including for consumption and refining purposes, and exporting…

2 years ago

Saudi Arabia Transfers Nearly $78 Billion of Aramco Shares to Wealth Fund

The second such transfer comes amid high oil prices and as the kingdom seeks to diversify its economy away from…

2 years ago

JPMorgan, Delta, Amazon: Stocks That Defined the Week

MarketsStocksHere are seven major companies whose stocks moved on the week’s news Source link

2 years ago

Saudi-Led Oil Cuts Risk Fueling Inflation and Harming Global Economy, IEA Says

MarketsCommoditiesOil MarketsThe hole in the global oil market between supply and demand is expected to reach 2 million barrels a…

2 years ago

Saudi-Led Oil Cuts Risk Fueling Inflation and Harming Global Economy, IEA Says

MarketsCommoditiesOil MarketsThe hole in the global oil market between supply and demand is expected to reach 2 million barrels a…

2 years ago

Exxon CEO's Pay Jumps 52% Amid Rising Oil Prices, Record Profit

Darren Woods’s total compensation includes stock awards of $24.9 million and a nearly $6.4 million bonus. Source link

2 years ago

Exxon Deal Hunt Signals Possible Shale M&A Wave

A transaction involving Pioneer Natural Resources would indicate that drillers are looking to put their large war chests of cash…

2 years ago

Occidental Petroleum Plans to Suck Carbon Dioxide From the Air—So It Can Keep Pumping Oil

Petroleum giant says its plan to capture and store carbon dioxide will give it leeway to invest in fossil fuelsA…

2 years ago