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Chevron buys Noble Energy, a sign that oil's not dead

Jul 20, 2020
Oil has risen to roughly $40 a barrel after plummeting in April. With prices holding steady, big oil companies are likely to pounce on smaller ones.
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What the Chevron-Anadarko deal means for Permian shale

Apr 12, 2019
Will there be other deals like it?
Justin Sullivan/Getty Images

A turnaround for oil companies?

Feb 1, 2019
Some investors are optimistic that Big Oil has been able to ride out the plummeting prices of late last year.

U.S. oil companies take cautious approach despite higher prices and demand

Apr 27, 2018
With the U.S.-based oil giants Chevron Corp. and Exxon Mobil Corp. scheduled to release their first quarter 2018 earnings Friday morning, we look at the state of the oil industry. Companies are reaping the benefits from higher oil prices and demand. But what is big oil investing in these days, with an eye toward the future? Click […]

Higher oil prices and higher output give U.S. more clout

Jan 31, 2018
Prices for West Texas crude oil are hovering around $65 a barrel. That’s more than twice the price at this time just two years ago. Oil companies, including major players like Exxon Mobil and Chevron, have let investors know they’re increasing production, specifically in Texas’ Permian Basin, where output has tripled in the past three years. […]

Oil earnings bubbling up

Oct 27, 2017
Exxon and Chevron report earnings today. Yesterday ConocoPhillips reported income that beat analysts’ estimates. Earlier in the week oil services firm Halliburton delivered strong earnings, with revenue up 10 percent. The earnings indicate the energy industry is in a minor rebound — after years of slump. Click the audio player above to hear the full […]

CEO switch up at Chevron is expected

Aug 24, 2017
Chevron CEO John Watson is likely to step down soon, the Wall Street Journal reported this week. If there is a switch up at Chevron, it’s not because of losses. Chevron continues to outperform competitors in a turbulent time. A new CEO would likely keep focused on refining. Click the audio player above to hear the […]

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Investors want Exxon to account for climate change

May 24, 2016
ExxonMobil faces a shareholder resolution at its annual meeting
Oil covers a local resident's boot at Refugio State Beach in Goleta, California, May 19, 2015. 

Oil companies are pressed to address climate change

May 12, 2016
A study says investors care more about climate change than corporate managers.
An oil rig in Taft, California extracts crude.
David McNew/Getty Images

ExxonMobil and Chevron profits slide on low oil prices

Apr 29, 2016
ExxonMobil saw it's lowest quarterly profits since 1999 while Chevron had a quarterly net loss of $725 million.
Oil rigs extract crude for Chevron at sunrise. The company's shares fell 0.6 percent Friday morning after reporting a quarterly net loss of $725 million.
David McNew/Getty Images