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Oil and Gas Integrated Oil and Gas

  • Darren Woods, Chairman and CEO, Exxon Mobil.

    ISS urged investors to reject Exxon Mobil's executive compensation plan, saying it is out of step with market standards and lacks clarity.

  • April 28- Imperial Oil Ltd, Canada's No.2 integrated oil company, reported a quarterly profit on Friday, compared with a year-ago loss, helped by higher global crude prices and a C $151 million gain from the sale of a property. Imperial, like other oil producers, gained from a 55 percent jump in global crude prices in the quarter, as an OPEC- led production cut and a...

  • April 12- Billionaire investor Carl Icahn's oil refining company, CVR Energy, made a massive bet in 2016 that prices for U.S. government biofuels credits would fall- just before Icahn started advising President Donald Trump on regulations driving that market. Last year, in a counterintuitive trading strategy, Icahns refining firm postponed buying biofuels...

  • *Targets $3 bln boost to free cashflow by 2021. LONDON, March 29- BP has no plan to build new refineries despite growing oil production and will focus on modernising existing plants while expanding its network of filling stations to generate $3 billion in additional cash. Refining of crude oil into fuels such as gasoline, diesel and jet fuel has for years been the...

  • *Targets $3 bln boost to free cashflow by 2021. LONDON, March 29- BP has no plan to build new refineries despite growing oil production and will focus on modernising existing plants while expanding its network of filling stations to generate $3 billion in additional cash. Refining of crude oil into fuels such as gasoline, diesel and jet fuel has for years been the...

  • *Targets $3 bln boost to free cashflow by 2021. LONDON, March 29- BP plans to sell more refineries without investing in new plants despite growing oil production and will focus on modernizing existing operations while expanding its network of filling stations to generate $3 billion in additional cash. Refining of crude oil into fuels such as gasoline, diesel and...

  • KHOBAR, Saudi Arabia/ DUBAI, March 10- When Saudi Aramco reveals a Western audit of its oil reserves, investors will be looking for two answers: How much oil and how much detail? Saudi Energy Minister Khalid al-Falih has hinted at a surprise on the upside on reserve volumes ahead of Aramco's 2018 share listing, but industry sources say detail on individual deposits...

  • It also drew sharp criticism from some ethanol groups who said Trumps regulation adviser, billionaire investor and refinery owner Carl Icahn, had engaged in self-dealing by pushing for the deal. The head of the Renewable Fuels Association said the White House had informed him that Trump intends to sign an executive order shifting the obligation of blending...

  • Canada's No.2 integrated oil producer and refiner sold its remaining company-owned Esso retail stations to five fuel distributors for about C $2.8 billion, resulting in a C $988 million gain in the quarter. The company's oil and gas business posted net income of C $103 million, compared with a loss of C $289 million a year earlier, helped by a recovery in oil...

  • Chevron CEO John Watson

    Chevron CEO John Watson says he agreed with President Trump that a GOP border tax proposal is perhaps too "complicated."

  • A Chevron gas station in San Francisco.

    Chevron reported a second straight quarter of profits, but low oil and gas prices dragged the company to an annual loss.

  • *OPEC- led group aims to cut output by 1.8 million bpd in H1. SINGAPORE, Jan 27- Oil prices firmed on Friday as rising crude output from the United States was offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. "U.S. producer hedging via futures and increasing shale production offset the progress OPEC has made with its production...

  • *OPEC- led group aims to cut output by 1.8 million bpd in H1. SINGAPORE, Jan 27- Oil prices dipped on Friday as rising crude output from the United States was offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. "U.S. producer hedging via futures and increasing shale production offset the progress OPEC has made with its production...

  • WASHINGTON, Jan 3- Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump's cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump's emerging leadership includes Exxon Mobil Corp Chief Executive Officer Rex Tillerson as...

  • WASHINGTON, Jan 3- Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump's cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump's emerging leadership includes Exxon Mobil Corp Chief Executive Officer Rex Tillerson as...

  • Oil field workers on a rig in Tioga, North Dakota.

    Investors should be overweight integrated oil companies, independent drillers and oilfield services, Evercore's Doug Terreson said.

  • Oil rig afloat on the waters in Alaska

    The Obama administration on Friday blocked the sale of new permits to drill oil and gas in the Chukchi and Beaufort Seas off Alaska.

  •  Oil Rig at night, silhouette

    OPEC's plan to limit oil output could boost crude prices next year and help energy companies return to earnings growth, Doug Terreson said.

  • Rex Tillerson, CEO of Exxon Mobil.

    The New York attorney general is investigating why ExxonMobil has declined to write down the value of its assets despite the oil price rout.

  • A truck enters the ExxonMobil refinery in Notre-Dame-de-Gravenchon, northwestern France.

    ExxonMobil earned an adjusted 41 cents per share in the second quarter, compared with expectations for 64 cents per share.