ExxonMobil

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.

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.

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

It’ll take more than political policy to lower prices.

ExxonMobil has a 30% stake in the Russian oil and gas project Sakhalin-1. Divesting may be time-consuming and expensive.

Is it the Great Resignation? A clean-energy future? Higher wages? Or all of the above?

More than 500 oil- and gas-related firms have declared bankruptcy. The survivors are focusing on efficiency, and some plan a transition.

OPEC and its allies are having trouble coming to an agreement, because individual countries see thing differently.

The gas and oil giant used two sets of books, the New York attorney general’s office alleges.

Four decades ago, energy companies made up 25% of the S&P 500 index. Now it’s 4%.