The bill incentivizes clean energy but doesn't vilify fossil fuels. Traditional oil companies can access some of the benefits as well.
There are a lot of variables that make predicting energy demand in 2023 difficult, including rising interest rates, inflation and potential COVID flare-ups.
Climate activists won seats on Chevron and Exxon's boards, and Shell lost in court. Changes must be big to protect the environment.
It's one of a number of growing examples of oil companies adjusting to changing energy needs.
Will there be other deals like it?
What’s the most profitable company on earth? We’ll give you three guesses. Nope, not Apple. Google? Try again. Exxon Mobil – wrong. It’s the national oil company of Saudi Arabia. Known as Saudi Aramco, it’s the runaway leader, according to new numbers put out by the company. These number are the first since … well, […]
The corporate world seems on track to address the issue of climate change even as the Trump administration questions much of the research around its validity. Shell corporation says it’s not just boosting its renewable investments to $1 billion, it’s also tying board member pay to greenhouse gas emissions reductions. It’s not uncommon for fossil […]
Oil drilling and fracking are back in America — that’s the storyline out of the big annual oil industry confab in Houston this week. Crude oil prices have recovered from a two-year bust. The rigs are getting back to work. But a new location is the talk of the day. No, not Alberta, Canada, or […]