ExxonMobil Misses Second-Quarter Profit Estimates
Summary Adjusted earnings rise 67% from first quarter to $14.7 billion Second-quarter production slips to 4.5 million boepd from 4.6 million boepd About 450,000 boepd offline in Qatar, CFO says…
Chevron Records Highest Quarterly Profit in Six Years, Beating Analyst Estimates
Summary Adjusted earnings reach $12 billion, or $6.06 per share Chevron will maintain dividend and buyback range, CFO says Hess acquisition delivers $1.5 billion in deal synergies ahead of schedule…
Oil Rises Over 1% as Traders Assess Shipping Flows; Monthly Gains in Sight
Summary Brent and WTI on track for monthly rises Two VLCCs exit Strait of Hormuz, Bab el-Mandeb sees 29 commodity vessels transit ADNOC buys tankers as Red Sea, Hormuz crisis…
US Crude Oil Output Fell in May, While Exports Hit Record, EIA Says
(Reuters) – U.S. crude oil output fell about 2% in May from a record in April, while exports hit a record high for the second-consecutive month, according to data published…
ExxonMobil Says LNG Projects Diversify Portfolio, Won’t ‘Shy Away’ From Middle East
(Reuters) – ExxonMobil said on Friday its pipeline of liquefied natural gas (LNG) projects would diversify its production away from the Middle East, but the company said it remains committed…
US Doesn’t Plan to Tap Oil Stockpiles Again as Iran War Escalates
Fuel prices are rising but the Strategic Petroleum Reserve may not play a role in this phase of the Hormuz crisis. By and The cost of fuel is climbing again…
Oil Price Rises After Iran Says it Stops Ships in Hormuz
By , and Revolutionary Guards say two ships hit, four turned back No confirmation available for the report Two large tankers and two commodities vessels transit Hormuz Iran denies involvement…
US Energy Firms Add Rigs for Sixth Time in Seven Weeks, Says Baker Hughes
(Reuters) – U.S. energy firms this week added rigs for a sixth time in seven weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The…
Oil Companies Signing Agreements in Venezuela, But Delays Persist
July 30 (Reuters) – Venezuelan officials and oil executives have moved ahead with the migration of dozens of joint ventures to new terms approved in a sweeping government reform, but…
Oil Edges Down in Choppy Trading Amid Oman-Iran Talks, US-Iran Tensions
Summary US military says it hit dozens of Iran’s IRGC targets Oil tankers planned for loading at CPC terminal are heading away from Black Sea after strikes Drone strike on…
