Thursday, September 12, 2024
All eyes on Exxon, Chevron after BP vows carbon neutrality-oil and gas 360

All eyes on Exxon, Chevron after BP vows carbon neutrality

Houston Chronicle BP Plc’s pledge to zero out all its carbon emissions by 2050 deepens the divide between major European and American oil producers on climate change, increasing the pressure for Exxon Mobil Corp. and Chevron Corp. to do more. The U.S. supermajors have only committed to reducing greenhouse gases from their own operations, which typically account for just 10%

Coronavirus unlikely to have big impact on oil prices: U.S. energy secretary- oil and gas 360

Coronavirus unlikely to have big impact on oil prices: U.S. energy secretary

Reuters LISBON (Reuters) – The coronavirus epidemic in China has had a marginal impact on energy markets and is unlikely to dramatically push up oil prices even if Chinese demand falls by 500,000 barrels per day, U.S. Energy Secretary Dan Brouillette told Reuters on Thursday. Brouillette cautioned, however, that there had been some “slowing” of Chinese energy purchases. He said

Marathon Oil cuts drilling budget amid 56 percent drop in profit- oil and gas 360

Marathon Oil cuts drilling budget amid 56 percent drop in profit

Houston Chronicle Houston exploration and production company Marathon Oil has cut its drilling budget by about 10 percent amid an ongoing shale slump that caused revenue and profits to decline in 2019. In a Wednesday afternoon statement, Marathon said the company is cutting capital expenditures by 10 percent, to $2.4 billion from $2.6 billion in 2019. The company plans to

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