Exxon raises dividend after free cash flow soars more than expected
Exxon Mobil Corp. (NYSE: XOM) Exxon Mobil Corp. and Chevron Corp. posted disappointing profits amid weak performances by their oil-refining and chemical businesses.
US oil
Oil heads for weekly decline as new virus cases surge
Oil in New York is heading for a weekly decline as surging coronavirus cases raised fresh concerns about demand, while the market is continuing to grapple with ample supply.
US offshore oil production shows signs of turnaround
Offshore oil production is showing signs of a turnaround as crude prices rise and operations become more efficient, giving energy compaies in Houston and elsewhere the confidence to resume deepwater projects stalled during the oil bust.
US opens up 75million offshore acres for E&P
The US is to open up 75.9 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.
Opinion: Next oil rally? Futures say market is tightening
US oil inventories are at record levels, but there are a few glimmers of hope that the glut could be starting to subside.
Goldman says $35 oil is Goldilocks price for US explorers
Oil at $35 a barrel is neither too high nor too low but just right to make shares of US explorers worth buying, according to Goldman Sachs.
Oil explorers return to parking rigs as supplies build
Explorers once again idled drilling rigs in US. oilfields as crude inventories continue climbing, boosted by a surge in imports.
New data reveals most 2015 US oil production is light crude
New data released yesterday by the US Energy Information Administration show that for the first nine months of 2015, most (50.8%) of the crude oil produced in the Lower 48 states were light oils with an API gravity above 40 degrees.
US oil producers slake thirst for cash by selling waste water spin offs
Some US oil producers are trying to sell parts of their lucrative saltwater disposal businesses in a sign that cheap crude is already forcing cash-starved companies to sell assets so oil can keep flowing.