petroleumindustry
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One of the World’s Biggest Polluters Is Leading a Crucial UN Climate Meeting. Huh?
The world’s most important climate meeting this year is going to be headed up by one of the world’s most oil-reliant countries. It sounds like the plot of an absurdist play, but it’s reality, and the cracks are already starting to show ahead of an especially crucial year for climate action.
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Exxon and Chevron Are Absolutely Killing It (Profits, the Planet)
If by some miracle you had a great 2022, you’re not alone. At least two of the world’s biggest oil corporations thoroughly rocked last year. In fact, for ExxonMobil and Chevron, 2022 wasn’t just a good year — it was the best one ever.
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Oil Companies Are Doing Great, Thanks For Asking
Several oil giants released their capital expenditure budgets for the year ahead this week, including Exxon Mobil and Chevron, the U.S.’s two biggest oil companies. The budgets are an interesting insight into how the industry is going to move forward with the spoils of their banner year — and as the clock increasingly ticks down…
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Biden to Release More Oil From U.S. Stockpile Held in Salt Caves
On Wednesday, the Biden administration announced that it would pull an additional 15 million barrels of oil out of the nation’s Strategic Petroleum Reserve (SPR) to help juice up oil supplies and keep gas prices low in the face of the global energy crisis.