Oxy CEO Vicki Hollub shows just how much oil companies are worried about political blowback related gas prices and stock buybacks. Not much. Maybe not at all.
European corporate earnings were surprisingly resilient in the fourth quarter of 2022, and the continent’s stock outperformance of the U.S. looks set to continue, according to BlackRock.
Unions want to get two million people onto the streets and are turning to rolling strikes, as they protest plans to raise the pension age from 62 to 64.
The UAE does not currently plan to leave the influential OPEC producers’ alliance, according to two officials with knowledge of the matter.
Such a move would significantly impact on the oil producer group’s global clout, and allow the UAE to pump as much oil as it wants.
Oil prices skyrocketed in 2022 and firms such as ExxonMobil, Shell, Chevron, TotalEnergies and BP earned record profits. But that spurred backlash.
The number of U.S. oil rigs in use as of the end of February is at its lowest since early July 2022, according to oilfield services company Baker Hughes.
Russia’s invasion of the Ukraine a year ago has shifted global energy supply chains and put the U.S. clearly at the top of the world’s energy exporting nations.
Kazakhstan is exploring transport options for its oil, which currently transits and ships out of Russian territory, at risk of Moscow’s disruptions.
BP CEO Bernard Looney on Tuesday sought to defend the firm’s fossil fuel spending plans as protesters disrupted the first day of a global energy conference.
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