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Oil companies

More oil, fewer rigs: how the U.S. became the world's top producer

by Henry Epp
Mar 5, 2024
New, more productive technology helped, along with pressure for profits.
U.S. oil production continues to break records, even though the number of active rigs has fallen by nearly 70% in the past decade.
George Rose/Getty Images
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Oil-rich Permian Basin attracts buyers with resources

by Lily Jamali
Jan 1, 2024
Big companies have been paying billions to acquire smaller competitors — and their drilling rights.
A mural depicting oil drilling adorns a building in Odessa, Texas. The Permian Basin region has helped the U.S. become the world's top oil producer.
Joe Raedle/Getty Images
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After defeats in the courtroom and boardroom, is Big Oil at a climate tipping point?

by Scott Tong
May 27, 2021
Climate activists won seats on Chevron and Exxon's boards, and Shell lost in court. Changes must be big to protect the environment.
Climate activists are advancing in the U.S. But to achieve net zero carbon emissions by 2050, big changes will be required in an energy-hungry world.
Michael M. Santiago/Getty Images
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For oil giant Shell, service station means electric cars, too

by Jed Kim
Nov 27, 2017
Running cars on something other than gas stands to greatly reduce the world’s need for oil. That has energy company Shell moving into the electric vehicle charging business. On top of last month’s purchase of major European electric vehicle charging network NewMotion, it’s got a new partnership to put high speed EV chargers in dozens […]
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Oil prices are down, and so is exploring for oil

by Scott Tong
Aug 31, 2016
Last year, oil companies found the lowest new reserves in 70 years.
Oil wells pump the oil fields of California's southern Central Valley. 
David McNew/Getty Images
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The Crude Economy

When oil prices fall, Big Oil has an advantage

by Dan Weissmann
Jan 28, 2015
Oil-refining businesses and decades-long outlooks cushion price swings.
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Kinder Morgan deal lays groundwork for more pipelines

by Kate Davidson
Aug 11, 2014
Consolidation will allow Kinder Morgan to acquire other pipeline companies
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BP oil engineers could face felony charges

by Steve Chiotakis
Dec 29, 2011
The U.S. government could soon bring criminal charges against some BP employees in the company's huge 2010 oil spill in the Gulf of Mexico.
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News In Brief

Goldman Sachs to its employees: Stop cussing in e-mails

by Bill Radke
Jul 29, 2010
Exxon and Shell profits nearly double...
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News In Brief

MID-DAY UPDATE: Economic news bad. Stock prices good.

by Bill Radke
Jul 22, 2010
/**/ Sales of previously occupied homes fell in June; new unemployment benefit plans rose. Yet at this writing, Wall Street's jumping. What d...
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