Trump administration hardens stance on President Nicolás Maduro despite lobbying from the company
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
Decision to reverse Biden-era ‘concession agreement’ delivers blow to US oil group and Maduro’s sanctioned regime
US oil group announces headcount reduction by end of 2026 as part of planned cost-cutting drive to boost growth
Chief warns country could be vulnerable to Chinese and Russian influence if it is forced to abandon operations there
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
Supermajor’s move comes despite Donald Trump’s pledge to unleash new US fossil fuel surge
Cheaper commodities and weaker refining margins hit earnings after bumper performances in 2022 and 2023
Deal would bolster Japanese group’s drive to secure supplies for home country, which relies on fossil fuel imports for energy
US oil major had planned to appoint Hess CEO as part of its $53bn takeover of his company
Mike Wirth says White House’s ‘attacks’ on natural gas threaten energy security for US allies
New technology may potentially bring billions of additional barrels of oil and gas within reach of producers
Relocation is the latest in a wave of defections from companies lured to Lone Star State by lower taxes and lighter regulation
Delay of arbitration hearing until next year exacerbates tensions between leading US oil companies
Wall Street bank stands to make $80mn if deal to sell group to Chevron survives ExxonMobil challenge
Plus, Musk reveals AI fundraising after all
Acquisition remains subject to an FTC investigation and arbitration process launched by Exxon
US company faces tight shareholder vote on whether its takeover offer for consortium partner Hess will be approved
Company to focus on newer oilfields, bringing to an end more than 55 years of operations in region
Dispute with ExxonMobil over oil-rich Guyana block cited as source of uncertainty by advisory firm ISS
Quarterly results signal pullback from bumper earnings in past two years
