Oil profits drop as companies feel pandemic, carbon pressure

Feb 4, 2021
More than 500 oil- and gas-related firms have declared bankruptcy. The survivors are focusing on efficiency, and some plan a transition.
Oil and gas companies are grappling with uncertainty as they look to the future.
Leon Neal/AFP via Getty Images

OPEC delays and spending cuts: Uncertainty abounds in the oil and gas industry

Dec 1, 2020
OPEC and its allies are having trouble coming to an agreement, because individual countries see thing differently.
The Brega oil port in Libya in September.
AFP via Getty Images

Exxon Mobil goes on trial for allegedly defrauding investors about climate change risk

Oct 22, 2019
The gas and oil giant used two sets of books, the New York attorney general's office alleges.
The oil and gas giant is on trial for committing fraud over climate change risk. Above, an Exxon gas station in Burbank, California.
David McNew/Getty Images

Exxon Mobil slides out of S&P 500 top 10

Sep 3, 2019
Four decades ago, energy companies made up 25% of the S&P 500 index. Now it’s 4%.
An Exxon gas station in Burbank, California.
David McNew/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. […]

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How the Rockefellers came to be at odds with Big Oil

Jan 12, 2018
Earlier this week, New York City Mayor Bill de Blasio announced that New York City would divest its pension funds from fossil fuels and that the city would sue the big five oil companies. The reason? To collect damages for the cost of coping with the effects of climate change on city infrastructure. The irony […]

Now that Tillerson works for the American people, will his skill set transfer?

Apr 11, 2017
The new secretary of state and administration are finding out 'how hard the world is to bend to your will,' writer says.
Rex Tillerson worked for decades at Exxon Mobil, including as CEO, before becoming secretary of state in the Trump's administration.
Joe Raedle/Getty Images

The argument for implementing a carbon tax

Dec 15, 2016
The world is embracing sustainability, says one Marketplace contributor.
Volker Hartmann/Getty Images