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 […]

Harvard University researchers say a review of Exxon Mobil documents show the company misled investors and the public about how much it knew about climate change. That’s already the subject of investigations by the attorneys general in New York and Massachusetts. Their report says that the internal communication between scientists at Exxon Mobile was drastically […]

Two cases of illegal payments and bribery came to light recently. One is against the oil services company Halliburton in Angola. The other involves a mining subsidiary of Glencore doing business in the Democratic Republic of Congo. With government heavily involved and centralizing many so-called extractive industries, drilling and mining are more prone to corruption […]

In yet another branded White House initiative, it’s Energy Week. President Trump will be focused on American “energy dominance,” and touting the boom in U.S. fossil fuels and plans to support and increase energy exports. A ban on exporting U.S. oil and gas was lifted under the Obama administration. Energy companies may appreciate less oversight and more […]

The Trump administration in its budget proposes to sell off half of the country’s strategic reserve of crude oil. The idea is that putting more than 300 million barrels of energy onto the market could raise more than $16 billion over the course of a decade. Proponents note that the oil market is more open, […]

The fatality rate for oil workers is five times that of the overall work force.

The EPA is issuing rules limiting methane leaks in the drilling, production and transportation of natural gas and oil.