Exxon

Energy

Exxon Pours Billions into Meeting Rebound in Carbon Capture Demand

Photo via imageBROKER/john wreford/Newscom

Exxon is spending big to connect customers to its 900-mile-wide network of underground carbon transfer pipelines, one executive told the FT.

2 min read

Photo via Bulkin Sergey/ZUMA Press/Newscom

Energy

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

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.

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Energy

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

Photo via imageBROKER/Ron Buskirk/Newscom

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.

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Energy

Exxon Sees Oil Demand in 2050 Unchanged, Testing Net Zero Goals

Photo by Harrison Keely via CC BY 4.0

ExxonMobil forecast that oil demand will remain above 100 million barrels per day in 2050, roughly the same as current levels.

2 min read

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