Exxon Mobil Corporation XOM is doubling on natural gas development with its eighth oil project offshore Guyana, marking the largest gas initiative yet in the Stabroek Block. The Longtail project, led ...

Dan Ammann says ExxonMobil is finding better ways to unlock more of its known resources, through a 'production line' approach ...

By pledging an “unwavering focus” on creating value for shareholders, BP admitted its renewable crusade was a failure and exposed the rotten core of ESG.

THE price of Nigeria’s Bonny Light crude oil fell by 10.6 per cent to $73.53 per barrel from $84.02 per barrel on January 15th, fuelling fears over achievement of the Federal Government’s ...

Distillate fuel inventories grew by 3.9 million barrels from the previous week. Crude oil imports increased by 98,000 bpd, averaging 5.9 million bpd. Over the past four weeks, crude oil imports ...

Those rising cash returns could help give ConocoPhillips the fuel to produce strong total returns for its investors this year if oil continues to hover around $70 a barrel. Devon Energy has ...

Devon Energy is what is known as an upstream company, which means it produces oil and natural gas. It also focuses its business geographically, by only drilling for energy in the U.S. market.

NEW YORK, Feb 27 (Reuters) - Oil prices rose more than 2% on Thursday as supply concerns resurfaced after U.S. President Donald Trump revoked a licence granted to U.S. oil major Chevron (CVX.N ...

Oil prices hit $80 a barrel on Thursday for the first time since November 2014 on concerns Iranian exports could fall, reducing supply in an already tightening market. Brent crude futures hit $80 ...

Previously the company had pledged to reduce output to 2m barrels of oil per day, but on Wednesday ... such as Shell, Exxon Mobil and Chevron, which have made more modest climate commitments.

The Secretary-General of the Organisation of the Petroleum Exporting Countries, Mr Haitham Al-Ghais has tasked Africa to unlock its proven oil y of over 120 billion barrels. Al-Ghais ...

The firm said it plans to increase its production to between 2.3 million and 2.5 million barrels of oil per day by 2030, with hopes of "major" oil and gas projects starting by the end of 2027.