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ExxonMobil shareholders approve plan to redomicile to Texas

(The Center Square) - ExxonMobil shareholders on Wednesday approved the board of directors’ plan to redomicile the company's legal headquarters to Texas. Shareholders also rejected a proposal made by two proxy advisory firms urging them to vote against the plan and add more automatic voting options to the company’

ExxonMobil CEO sees chance of higher oil prices as earnings dip

ExxonMobil CEO sees chance of higher oil prices as earnings dip

US oil giants reported lower earnings Friday with accounting effects muting the benefits of the Middle East oil shock, as ExxonMobil's CEO cautioned that crude prices could still increase. Oil prices jumped during the quarter from the mid-$60s in early February to more than $100 a barrel

Energy industry celebrates Supreme Court ruling in favor of Chevron

(The Center Square) — The U.S. Supreme Court’s ruling in favor of Chevron is being celebrated by the energy industry, but it does not end Louisiana’s coastal litigation. The justices ruled 8-0 that Chevron can pursue the Plaquemines Parish case in federal court, handing the company a

US Supreme Court sides with Chevron in environmental case

US Supreme Court sides with Chevron in environmental case

The US Supreme Court unanimously ruled in favor of oil giant Chevron on Friday in a case that could impact environmental damage lawsuits. The court, in an 8-0 ruling, said a lawsuit against Chevron over damage done to coastal wetlands in Louisiana through crude oil production during World War

U.S. Supreme Court slaps down Chevron oil lawsuit

(The Center Square) - The U.S. Supreme Court, in an 8-0 decision Friday, sent back a state court ruling in favor of oil companies Chevron and ExxonMobil seeking millions of dollars for decades of oil production in Louisiana. Chevron will now be able to appeal the state verdict in

Venezuela, Chevron strike deals to expand oil operations in key region

Venezuela, Chevron strike deals to expand oil operations in key region

US oil giant Chevron and the government of Venezuela signed two deals Monday that will expand oil production in the country, as the country seeks to boost private investment in the sector. A signing ceremony took place at Miraflores Palace, where interim president Delcy Rodriguez was joined by Chevron Venezuela

Cyclone triggers outages at major Australian LNG plants

Cyclone triggers outages at major Australian LNG plants

Some of the world's largest LNG plants were forced shut on Friday by a cyclone off western Australia, squeezing fuel supplies already stretched thin by war in the Middle East. Energy giant Chevron said it suffered outages at its Gorgon and Wheatstone gas plants, which collectively supply more