Red Sea crisis poses “very real risk” to oil, Chevron CEO says
The crisis in the Red Sea poses serious risks to oil flows and prices could change quickly if tensions lead to a major supply disruption in the Middle East, Chevron …
Shell PLC
‘Excess profits’ of big firms have driven up inflation, report claims
LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases than needed to protect margins, according to a new report. …
Oil and gas industry needs to let go of carbon capture as solution to climate change, IEA says
The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg | Bloomberg | …
Why oil companies Shell and BP are building solar on farmland
At Elm Branch Solar Farm, about an hour south of Dallas, Texas, a flock of sheep grazes among a vast field of solar panels. The flock’s shepherd, Amanda Stoffels, watches …
Shell will cut 200 jobs in clean energy division
An employee handles a pump at a hydrogen refueling point at a Royal Dutch Shell gas station in Berlin on Aug. 25, 2021. Krisztian Bocsi | Bloomberg | Getty Images …
California Is Suing Big Oil Over Climate Change
Officials have filed a suit against five major oil companies in the state for damages related to climate change. My First Car: Luke Evans and his Loaned Land Rover Governor …
California sues Chevron, Exxon, oil giants on climate change deception
The state of California on Friday filed one of the most significant cases against major oil companies for their role in perpetuating climate change. The 135-page legal complaint, filed through …
How gas station economics will change in the EV charging future
As electric vehicles proliferate, some gas stations are making expensive overhauls to add EV charging stations. In most cases, they aren’t scrapping traditional liquid fuel pumps. But select locations, including …
Big Oil Using TikTok To Convince Young People They’re Good
Big Oil is trying to woo young people via TikTok and Instagram in an effort to change the public’s perception of their role in climate change. Oil companies such as …
Oil giant Shell posts $5.1 billion in second-quarter profit
General view of the Shell logo. Picture Alliance | Picture Alliance | Getty Images LONDON — British oil giant Shell on Thursday reported a sharp year-on-year drop in second-quarter profit, …