ExxonMobil 3Q Profit Falls 18% But Tops Street View
ExxonMobil’s third-quarter profit slipped 18% amid weaker refining margins that overshadowed exploration and production growth.
Valero 3Q Net Tumbles 54% on Weaker Refining Margins
Valero Energy's its third-quarter profit fell 54%, as weaker refining margins and higher costs overshadowed revenue growth.
Occidental Plans to Shed Assets
Occidental Petroleum plans to shed some of its assets and reduce its stake in Plains All-American Pipeline, taking its first steps as part of a strategic review.
Schlumberger 3Q Net Jumps 20% on Broad Revenue Growth
Schlumberger revealed a 20% jump in its third-quarter profit, as the world's largest oil field services company saw improved revenue across the board.
Forest Oil Drops 5% on $1B Asset Sale
Forest Oil shares dropped on Friday after the producer of oil and natural gas announced a deal to sell its Texas Panhandle assets for $1 billion.
U.S. to Surpass Russia as Largest Oil and Gas Producer
The U.S. is on pace to top Russia as the world’s largest producer of oil and natural gas, another sign of the shale boom’s ripple effect on global energy markets.
Chesapeake Revamps Leadership Under New CEO
Chesapeake's new chief executive Doug Lawler continues to make his mark on the natural gas company, announcing several changes to its executive team.
Shale Plays Mitigate Hurricanes’ Impact on Oil Production
The increase in shale production at inland basins has mitigated the impact of hurricanes on overall oil production.
Chesapeake Said to Drop NY Leases Amid Fracking Ban
Chesapeake Energy reportedly appears ready to drop its effort to hold onto natural gas drilling leases in New York amid a fracking ban in the state.
EOG Shares Rally on Strong 2Q Earnings
EOG Resources shares rallied 3.8% after the oil and natural gas producer reported a big earnings beat on improved shale performance.
Oil Shipped by Rail, Truck as Pipelines Play Catch-Up
Along with the U.S. shale oil boom came a surge in crude shipments sent by rail, truck and barge, while sufficient pipeline capacity is on the horizon.
Hess 2Q Net More Than Doubles After Asset Sale
Hess reported a second-quarter profit that more than doubled, after the oil and gas company sold its stake in a Russian unit.
Hess Agrees to China’s First Shale Oil Deal
The U.S. energy company signed a production-sharing contract with China National Petroleum Corp., marking China's first joint agreement to develop a shale oil block.
Shares of Phillips 66 Partners Rally in Debut
Phillips 66 Partners made its NYSE debut on Tuesday and saw its shares rally 30% above the IPO price.
OPEC May Slash Production Amid U.S. Shale Boom
The cartel may move to slash its oil production for the first time in five years when it meets in December, responding to the surge in U.S. shale oil.
Chesapeake Sells $1B in Shale Assets to Exco
The nation's second-largest gas producer agreed to sell some assets in the Northern Eagle Ford Shale and Haynesville Shale to an Exco Resources unit.
U.S. Posts Record Year for Oil Growth
BP's annual energy report is the latest to signal a shift in world energy markets as a result of the U.S. shale oil boom, as the nation recorded the world's largest increase in production last year.
Kinder Morgan Scraps Plans for $2B California Pipeline
The energy firm scrapped plans for a $2 billion oil pipeline that would have connected refiners in California to a supply of West Texas crude oil.
GE’s Big Bet on the Oil Boom
The GE giant is investing billions of dollars in the shale oil boom, as it looks to improve hydraulic fracturing and increase its footprint in the services field.
S&P: Shale Oil Boom Has Far-Ranging Impact
The rapid increase in U.S. shale oil production, which is expected to give the nation energy self-sufficiency by the end of this decade, is having a far-ranging impact.
















