Kevin Crowley

Exxon’s claim of right-of-first-refusal to Hess’ 30% stake in Guyana’s Stabroek block is “baseless” and “without merit,” CEO John Hess said at a Goldman Sachs Group Inc. conference Jan. 7.

Exxon Mobil Corp. said earnings took a hit from lower crude prices and narrowing refining margins during the final three months of 2024.

Kevin Crowley 1 min read In this article (Bloomberg) -- Hess Corp. expressed confidence in prevailing in arbitration brought

(Bloomberg) -- Chevron Corp. Chief Executive Officer Mike Wirth reiterated his support for Hess Corp. in its arbitration battle with Exxon Mobil Corp. over disagreements about Guyana's massive oil field.

Exxon Mobil Corp. discovered natural gas off the coast of Egypt after successfully drilling an exploration well in the Mediterranean Sea.

The region's proximity to gas-hungry markets in Europe and the Middle East helps bolster the potential economic viability of any discovery.

Donald Trump’s secretary of state-nominee Marco Rubio said the US should reconsider Chevron Corp.’s sanctions waiver that allows the oil giant to operate in Venezuela.

Kevin Crowley 1 min read In this article (Bloomberg) -- Donald Trump's secretary of state-nominee Marco Rubio said the US

(Bloomberg) -- Donald Trump’s secretary of state-nominee Marco Rubio said the US should reconsider Chevron Corp.’s sanctions waiver that allows the oil giant to operate in Venezuela.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesNYPD Reforms Car Chase Policy Amid Rising Crashes, InjuriesChurches, Cinemas — and Moon Artifacts — Top List of Endangered

President Donald Trump’s plan to refill the US’s emergency crude storage system — “right to the top,” in his words — would help protect against future oil-price shocks. But it’s easier said than done.