Saudi Aramco upholds dividend despite drop in first-quarter profits
Aramco, which is the world’s largest oil exporter, expects total dividends of $124.3 billion to be declared in 2024, it said.
BP misses expectations as profits slip on weaker oil and gas prices
BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a "significantly weaker" margin in fuels.
Exxon CEO says dispute with Chevron over Hess Guyana oil assets could drag into 2025
Exxon claims right of first refusal on Hess’ assets in Guyana under an agreement that governs a consortium developing the country’s oil resources.
U.S. oil rises as Israel tells Palestinians to evacuate Rafah, Saudi Aramco increases prices
Oil prices are rising after falling 6% last week.
AI could drive a natural gas boom as power companies face surging electricity demand
Natural gas producers are bullish on demand as they see significant upside from the immense energy needs of artificial intelligence and data centers.
Coterra’s smart pivot to oil from natural gas leads to an excellent first quarter and sweeter outlook
Coterra Energy’s production paid off in the first quarter, helping the oil-and-gas producer surpass Wall Street expectations.
FTC accuses ex-Pioneer CEO of colluding with OPEC, blocks him from Exxon board seat
The FTC has decided to refer the allegations to the Justice Department for a potential criminal investigation, according to the Wall Street Journal.
U.S. crude oil bounces after hitting seven-week low on surging U.S. inventories
Oil prices are under pressure from rising inventories, softening demand and higher for longer interest rates.
Oil giant Shell beats first-quarter profit estimates, launches $3.5 billion share buyback
British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, boosted by higher refining margins and robust oil trading.
Exxon Mobil reaches agreement with FTC, poised to close $60 billion Pioneer deal
The FTC will not block the deal now that the regulator and Exxon have reached a consent agreement, according to a source familiar with the matter.