Exxon Mobil confirms its workforce fell by 1,000 last year
Oil major Exxon Mobil said its global workforce fell by 1,000 last year to 62,000 employees as part of cost-cutting designed to boost shareholder...
BP inks $1.3 bn deal to buy truck fueling provider TravelCenters
BP announced its $1.3 billion cash deal to buy truck fueling provider TravelCenters of America as the British energy giant seeks to expand its retail...
Shell starts production at Vito facility in US Gulf of Mexico
Shell Offshore Inc., a subsidiary of Shell plc (Shell), announced that production has started at the Shell-operated Vito floating production facility in the US...
Exxon Mobil to merge units to cut costs by $9 bn
Exxon Mobil said it is merging some business units as part of an effort to cut annual costs by $9 billion by 2023 from...
TotalEnergies plans Capex of $5 bn for low-carbon energy
French oil major TotalEnergies said it expected net investments of $16-18 billion in 2023, including $5 billion for low-carbon energy.
TotalEnergies posted a record net profit...
Equinor’s production from renewable energy dips 2% to 517 GWh
Equinor expects Capex of $10-11 billion in 2023, and plans an annual average Capex of around $13 billion for 2024-2026.
In 2023, Equinor expects a...
BP hikes spending for energy transition
BP, in a strategy update, said it now aims to produce 2 million barrels of oil equivalent per day by 2030, down 25 percent...
Shell invests 14% of $25 bn Capex in renewables
Shell has revealed it invested around $3.5 billion in its renewables and energy solutions business in 2022, around 14 percent of its capital expenditure...
Exxon Mobil reports earnings of $55.7 bn in 2022
Exxon Mobil reported 2022 earnings of $55.7 billion compared with $23 billion in 2021, an increase of $32.7 billion -- thanks to high prices...
Shell to reduce Executive Committee from nine to seven members
Shell announced it will reduce the size of its Executive Committee (EC) from nine to seven members in a decisive move designed to simplify...
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