Union Investment sold out of US oil major and smaller peer EOG Resources after review
Dispute over stake in Hess’s Stabroek oilfield has implications for joint operating agreements between companies
Executives seek to reassure investors as analysts warn of risks from sub-$60 oil prices
Industry contends with weakening demand as US president’s tariffs threaten economic outlook
Investors ask whether industry can afford the higher dividends and share buy-backs on offer over recent years
US oil major’s $30bn plan depends on Trump administration retaining Biden-era tax incentives
Oil producers go to battle over mineral rights in Arkansas’ Smackover formation
Darren Woods’ package tops sector rivals as gulf between transatlantic competitors widens
Flurry of recent initiatives fuels concern about the pace of change in the region when China is accelerating development
Chief executive Pouyanné said a long-term deal with the US was necessary to guarantee energy security
Fund that won famous Wall Street proxy war over oil major’s climate stance now backs natural gas to power AI
Profits expected to take hit as volatility drops in market that surged following outbreak of Ukraine war
Buyer of ExxonMobil’s assets in the west African country wants to double production within six months
Energy supermajor’s bet on production comes after US rival Chevron announced cut to capital expenditure
Cheaper commodities and weaker refining margins hit earnings after bumper performances in 2022 and 2023
Allegations arrive as plastics play a growing role in supporting oil demand
Also in today’s newsletter, buzzkill for coffee pod users
Also in today’s newsletter, climate scientist Michael Mann on Exxon’s global outlook
Plan for world’s largest low-emission plant of its kind in limbo over push for US subsidies
Bullish forecast from US supermajor contrasts with predictions of rapid transition form fossil fuel
The drive to replace Russian gas has led to surging global demand but American export projects face growing hurdles
Delay of arbitration hearing until next year exacerbates tensions between leading US oil companies
But critics fear the oil bonanza will turn Guyana into a victim of the ‘resources curse’
Wall Street bank stands to make $80mn if deal to sell group to Chevron survives ExxonMobil challenge
A divisive case over climate change and shareholder rights winds down after shareholder agrees to drop effort
