Chevron

Chevron plans to more than double its production to 600,000 barrels a day in what the company called a "turning point" for Venezuelan energy.

Oil companies that drill in West Texas are seeing big wartime profits, but many are holding back on aggressive capital spending, wary of repeating the boom-bust cycles that followed the pandemic when prices collapsed after a drilling surge.

As the U.S. war with Iran is rekindled, oil producers are looking for new routes to bypass the Strait of Hormuz.

Experts say new exploration takes more than a decade from decision to market. Research can cost hundreds of millions of dollars, and development can take tens of billions.

Venezuela’s oil industry is shifting — but it can’t offset disruptions caused by war in the Middle East.

Exxon Mobil and Chevron posted their lowest annual profits since 2021 in their earnings reports on Friday, a sign that now is not really a time when big oil is looking to make any kinds of sizeable investments in new oil production.

But that means consumers can expect lower prices at the pump.

Oil production near Guyana is ramping up while production in places like the Permian Basin appears to be approaching a plateau.

Legal scholars and lawmakers are still trying to come to grips with the potential long-term consequences of the overturning of the Chevron deference, including what it means for state-level regulators.

They’re making less on crude, more on refining it.