Petroleum industry, Oil field, Petroleum, ExxonMobil, Exxon, Chevron Corporation

Knocked out by COVID-19, does US oil and gas have the juice to rally again?

On Oct 29, 2020
@SPGMI_Energy shared
After a 1-2 punch of international price wars and COVID-19 economic fallout, the US oil industry is flat on its back. Does it have the juice to rally? Our shale reporters dig in: https://t.co/h37qaeV2J6 https://t.co/WimM3dnWVP
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The current wave of M&A is the historical reaction to oil patch busts echoing back to John D. Rockefeller. After burning through billions, can the industry muster enough financing and interest to enjoy another boom?

www.spglobal.com
On Oct 29, 2020
@SPGMI_Energy shared
After a 1-2 punch of international price wars and COVID-19 economic fallout, the US oil industry is flat on its back. Does it have the juice to rally? Our shale reporters dig in: https://t.co/h37qaeV2J6 https://t.co/WimM3dnWVP
Open

Knocked out by COVID-19, does US oil and gas have the juice to rally again?

Knocked out by COVID-19, does US oil and gas have the juice to rally again?

The current wave of M&A is the historical reaction to oil patch busts echoing back to John D. Rockefeller. After burning through billions, can the industry muster enough financing and ...

Trump says demand is back. But companies may not survive

Trump says demand is back. But companies may not survive

President Trump said Friday that oil "demand is coming back" even as industry analysts predicted that global oil production could collapse by the largest amount in history in the coming ...

Despite talk of cleaner strategy, Big Oil sticks to business as usual

Despite talk of cleaner strategy, Big Oil sticks to business as usual

The largest integrated oil companies talk a big game on climate, but investors and campaigners say the industry is moving far too slowly to cut emissions — and retain its own relevance.

BP says oil is on the ropes. Is it really?

BP says oil is on the ropes. Is it really?

It’s home to BP PLC, Royal Dutch Shell PLC and ConocoPhillips. BP and Shell are charting a dramatically new course for the industry, pledging to eliminate their greenhouse gas emissions, ...

Exxon's market value has crumbled by $184 billion

Exxon's market value has crumbled by $184 billion

ExxonMobil used to have bragging rights as the world's most valuable public company. Now, America's largest oil company is in steady decline.

Lower for Longer's Days May Be Numbered

Lower for Longer's Days May Be Numbered

The commitment to live with "lower for longer" oil might not last that long after all.

Exxon, Chevron earnings fall on lower oil and gas prices

Exxon, Chevron earnings fall on lower oil and gas prices

Exxon Mobil Corp and Chevron Corp on Friday posted sharply lower quarterly resul...

‘Stranded Assets’ Risk Rising With Climate Action and $40 Oil

‘Stranded Assets’ Risk Rising With Climate Action and $40 Oil

When you see a half-constructed building that’s been abandoned, it’s a sign the project no longer made economic sense. There’s an argument that trillions of dollars’ worth of investments to ...

Firm emissions targets key to driving energy transition after pandemic experts

Firm emissions targets key to driving energy transition after pandemic experts

Oil and gas majors must move beyond stated "ambitions" to instead set firm emissions reductions targets as the global energy transition proceeds in the face of the coronavirus pandemic, ...

The End of Oil? Pandemic Adds to Fossil Fuel Glut, But COVID-19 Relief Money Flows to Oil Industry

The End of Oil? Pandemic Adds to Fossil Fuel Glut, But COVID-19 Relief Money Flows to Oil Industry

As the coronavirus pandemic contributes to a glut of fossil fuels, groups like Greenpeace are calling on Democratic presidential candidate Joe Biden to ban fossil fuel interests from his ...

Saudi Oil Price Cut Is a Market Shock With Wide Tremors

Saudi Oil Price Cut Is a Market Shock With Wide Tremors

Oil producers in the United States and other nations brace for lower revenue, reduced investment and job losses as a global glut is compounded.

Rockefeller heirs to Big Oil find dumping fossil fuels improved bottom line

Rockefeller heirs to Big Oil find dumping fossil fuels improved bottom line

The philanthropic scions of Big Oil have done well by doing good. Since their surprise decision in 2014 to sell off investments in fossil fuels, the heirs to the Rockefeller oil fortune ...