LONDON – Royal Dutch Shell PLC made a big bet on natural gas as the energy source of the future when it bought BG Group for $ 54 billion. Five years later, …
Read More »Exxon, Chevron CEO Discusses Merger
Exxon Mobil Chief Officer Corp XOM -2.65% And chevron Corp CVX -4.29% The combination of oil giants was talked about after the epidemic last year shook the world, according to people familiar …
Read More »Oil giant total boy’s stake in world’s largest solar developer
London-French energy giant Total SE said it would pay $ 2.5 billion for a 20% stake in the world’s largest solar developer, the latest move by an oil major to expand into …
Read More »Pioneer CEO buying ‘only three or four’ US oil stocks worth
Word size Pioneer Resource CEO Scott Sheffield said he expected his company to be one of the winners. Daniel Acker / Bloomberg Scott Sheffield, CEO of Pioneer Resources, said on Tuesday that …
Read More »Finding Safe Dividends in Beaten-Down Energy Stocks
Energy stock in S&P 500 This year their price has almost halved. There is a possibility of dividend reductions and suspensions in the sector, as companies have sidelined the cash situation amid …
Read More »Epidemic pain persists for big oil companies
Major oil companies indicated they are under extreme financial pressure and oil prices have slowed as demand for a fossil fuel uprising began on Thursday, after being crushed by the coronovirus epidemic. …
Read More »BP Cuts came into the dividend for the first time after a record loss. Why the stock is rising anyway.
Word size Getty Images BP stock rose 6.7% on Tuesday, even after the oil giant cut its dividend for the first time in a decade after registering a second quarter loss of …
Read More »Large oil companies retain drilling
The world's largest oil companies are flooded with cash, thanks to rising oil prices. But few, if anything, are spending, even when the prospect of a global oil shortage is looming. Collectively, …
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