Kevin Crowley

Exxon Mobil Corp. and Chevron Corp. capped Big Oil earnings season by revealing blockbuster increases in fossil fuel production — just as OPEC and its allies are preparing to increase the supply of crude into the global market.

(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. beat analysts' profit, output and sales estimates as rising oil production from the Permian Basin helped offset weaker crude prices.

The cartel’s adversaries this time aren’t wildcatters, but rather the world’s marquee producers.

Americans are heading to the polls today, and while the presidential candidates have extremely different views on the US’s role in combating climate change, they are vying to lead a country that is now the world’s No. 1 producer of oil. Today’s newsletter looks at how this impacts the credibility of the US at international climate negotiations.

Kevin Crowley and Joe Carroll 1 min read In this article

Oil Glut Set to Thwart Trump's Call to ‘Frack, Frack, Frack' Lucia Kassai, Kevin Crowley and David Wethe 4 min read

President-elect Donald Trump’s vows to “frack, frack, frack” are about to collide with a global crude glut that’s set to, finally, temper record shale production.

Exxon Mobil Corp. withdrew from an oil-exploration block off the coast of Suriname, not far from where it discovered more than 11 billion barrels in Guyanese waters.

Exxon Mobil Corp. announced plans to more than triple its so-called advanced-plastics recycling capacity in Texas in a move that pushes back against a lawsuit by California officials.

As negotiators at COP29 struggle to define or finance the energy transition, Exxon CEO Darren Woods turned up with a pitch of his own. An annotated interview.