Supermajors

Royal Dutch Shell plc CEO Ben van Beurden came out swinging on Thursday against activist calls to break up the company to improve financial and environmental performance. Van Beurden and CFO Jessica Uhl helmed a conference call to discuss the third quarter results. Shell’s strategy has come under fire from climate activists and courts, but…

A consortium of public, private and academic experts led by Royal Dutch Shell plc has been tapped to develop large-scale liquid hydrogen (LH2) storage for international trade applications. The Department of Energy (DOE) Hydrogen and Fuel Cell Technologies Office, which awarded the project, wants the group to demonstrate that a large-scale LH2 tank, with capacity…

Big swings in natural gas and electricity prices, along with the devastating impact from Hurricane Ida, will impact Royal Dutch Shell plc’s bottom line in the third quarter, the integrated major said Thursday. In a preview of its quarterly results, the Anglo-Dutch producer said the Integrated Gas segment, which includes its substantial liquefied natural gas…

A landmark proposal by ExxonMobil to capture and store millions of tons of carbon emissions  from Houston area petrochemical facilities has won the support of nearly a dozen oil and gas companies, including fellow supermajor Chevron Corp. Last April ExxonMobil said it was looking for local, state and federal support to build a $100 billion…

With natural gas and liquids prices soaring, along with ethane demand, ExxonMobil hit on all cylinders during 2Q2021.  The supermajor unveiled its quarterly report on Friday, offering investors some encouraging news following a volatile run over the past few quarters. The gains were keyed to higher commodity prices and a stellar performance by the Chemicals…

ExxonMobil on Wednesday sanctioned a $240 million-plus investment to improve its Baton Rouge, LA, refinery operations, which include installing technology to reduce emissions. Project construction is expected to begin later this year at the refinery, which has crude capacity of about 517,000 b/d.  The new suite of projects are geared toward improving processing capability, flexibility…

Royal Dutch Shell plc saw better-than-expected profits in the first quarter as global demand for oil and natural gas soared along with prices. CEO Ben van Beurden during a conference call to discuss quarterly performance, said Shell was in a “pole position to benefit from the economic recovery” after posting the strong start for the…

Calls were escalating Thursday from lawmakers and major business groups, including the National Association of Manufacturers (NAM), for President Trump to step down from office before his term ends on Jan. 20. A mob of Trump supporters on Wednesday stormed the U.S. Capitol, wreaking havoc and terror inside the hallowed halls of democracy. Four people…

Permits for new oil and gas wells rose 25% month/month in July, with “significant” growth in the Permian Basin, but overall activity was down by two-thirds from a year ago, according to Evercore ISI. The analyst team led by James West each month compiles federal and state permitting data, which provides a window into what…