Exxon

Energy

New BP Chief Pledges “Consistency” after Years of Anything But

Photo via Bulkin Sergey/ZUMA Press/Newscom

The oil price shock caused by the Iran war has turbocharged BP shares, pushing them up roughly 33% so far this year.

2 min read

Photo via Tim Brakemeier / Deutsch Presse Agentur/Newscom

Energy

Iranian Strikes on LNG Plant Heighten Risk of “Doomsday Scenario” for Natural Gas

Iranian strikes on Qatar’s Ras Laffan plant eliminated three to five years of LNG exports worth some $20 billion in yearly revenue.

2 min read
Photo by Raymond Kotewicz via Unsplash

Energy

Wall Street Snubs Big Oil Stocks amid Crude Price Runup

Some traders see a possible parallel to the spike and subsequent crash in oil prices in 2008 if the war drags on and threatens supplies.

2 min read
Photo via imageBROKER/Ron Buskirk/Newscom

Energy

Oil Spikes as US Sanctions Russian Producers to Undermine Putin’s War Machine

Shell and BP shares rose roughly 3% on Thursday, while US majors Exxon Mobil and Chevron were more muted, up 1.1% and 0.6% respectively.

2 min read

Energy

Exxon and Chevron, Rivals Turned Frenemies, Face Profit Pressure-Cooker

Photo via Christopher Boswell/Newscom

Rather than jockeying for an advantage in their weakened state, the two longtime rivals are set to work together more and more.

3 min read

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