Topic
oil companies
27 stories related to this topic, newest first.
Rapplerworld10 days ago
Philippine fuel prices to rise July 7 with diesel and kerosene increases
Oil companies will raise diesel and kerosene prices starting July 7. Gasoline prices may increase by up to 25 centavos per liter or decrease by as much as P1.75 per liter.
politics12 days ago
Oil companies report second-quarter profits
Exxon Mobil and Chevron are expected to post second-quarter earnings more than triple their first-quarter results. The gains follow a rise in crude prices after supply disruptions in global energy markets.
finance12 days agoUpdated
Justice Department Urges State Probes Into Gasoline Price Practices
Federal agencies sent a letter to state attorneys general asking them to examine whether oil companies are keeping pump prices high. The letter cites recent crude price drops and existing antitrust statutes.
inquisitr.comfinance21 days ago
President Trump Names Exxon, Chevron, Shell, and BP in Fuel Price Probe
President Trump identified four major oil companies as part of a federal investigation into high gasoline prices. The U.S. national average stood at $3.928 per gallon as of Wednesday.
nationalpost.compolitics22 days ago
Trump directs Justice Department to review oil company pricing after Iran war ends
President Trump posted on Truth Social that oil companies are not passing along lower crude prices to drivers and ordered the Justice Department to investigate. National average gasoline prices stood at $3.93 per gallon on Tuesday, down from $4.52 a month earlier.
financialpost.comfinance41 days ago
Norway Oil Unions Secure $4,500 Annual Pay Rise, Averting Offshore Strike
Trade unions and oil companies agreed on wages early Friday, preventing a strike that would have affected more than 600 workers at Norway's offshore platforms.
newrepublic.compolitics44 days ago
House Republicans File Brief Urging Supreme Court to Block Boulder County Climate Lawsuit Against Oil Companies
House Republicans filed an amicus brief asking the Supreme Court to side with ExxonMobil and Suncor Energy. The brief argues that Boulder County's 2018 lawsuit belongs in federal court.
nypost.comworld48 days ago
California Governor Candidate Xavier Becerra Addresses Oil Industry Donations
Xavier Becerra, a candidate in the California governor’s race, has received campaign contributions from oil companies. He stated the donations do not influence his policy positions.
dailywire.comfinance52 days ago
Oil Companies Increase Bids for Alaska Arctic Leases
Major energy firms submitted record bids for oil and gas leases in Alaska's National Petroleum Reserve. Recent geological findings and federal policy changes have renewed industry interest in the region.
Washington Examinerpolitics54 days ago
Supreme Court to hear Colorado county lawsuit against oil companies
The Justice Department and conservative groups filed briefs urging the Supreme Court to dismiss a Boulder County lawsuit seeking damages and policy changes from oil companies over climate harms. The court will consider the case during its next term beginning in October.
Semaforworld56 days ago
U.S. Oil Producers Increase Spending as Iran War Disrupts Supply
U.S. oil companies are raising capital spending and production targets after the war in Iran reduced global supply. Smaller producers are adding rigs while larger firms maintain prior plans.
Fox Newspolitics56 days ago
Hawaii Attorney General and Cities Sue Oil Companies Over Climate Claims
Hawaii Attorney General Anne Lopez, Honolulu, and Maui filed lawsuits against oil and gas companies seeking damages for alleged climate-related harms. The cases target companies outside the state while excluding the local refinery Par Pacific.
dcvelocity.compolitics58 days ago
California Air Resources Board to Consider Free Carbon Permits for Refineries
State regulators will vote May 28 on issuing up to $4 billion in free carbon emission permits, half reserved for oil companies. The proposal responds to gasoline prices averaging $6 per gallon and two recent refinery closures.
The Hillpolitics60 days agoUpdated
Trump Says Xi Agrees Iran Must Reopen Strait of Hormuz
President Trump said Chinese President Xi Jinping agreed Iran must reopen the Strait of Hormuz after two days of talks in Beijing. Trump stated he did not ask Xi for any favors on the issue and is considering lifting sanctions on Chinese oil companies that buy Iranian crude.
Nbc Newspolitics61 days ago
Supreme Court Justice Will Not Recuse From Upcoming Climate Change Case
A Supreme Court spokeswoman said the justice has no financial interest in the parties to an upcoming case involving energy companies ExxonMobil and Suncor Energy and a Colorado climate lawsuit. The justice was advised that recusal is not required. Liberal groups asked a Senate co…
foxnews.compolitics61 days ago
Trump Considers Sanctions on Chinese Firms Importing Iranian Oil
President Trump said he will make a decision within days on whether to lift sanctions on Chinese oil companies that purchase Iranian crude. The comments come amid ongoing U.S. efforts to curb Iran's oil exports. Trump did not specify the direction of his impending decision.
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asiaone.compolitics62 days ago
Trump Says He Made No Requests on Iran or Taiwan in Call With Chinese President
President Trump stated he made no commitment to the Chinese president regarding Taiwan and did not ask for any assistance related to Iran or the Strait of Hormuz. He claimed 80 percent of Iran's missile capabilities have been destroyed and said he will decide within days on lifti…
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The Guardianpolitics62 days ago
Watchdog Groups Urge Senate Probe of Justice Alito’s Energy Stock Holdings and Recusal Decisions
A coalition of organizations urged the Senate judiciary committee on Thursday to examine whether Supreme Court Justice Samuel Alito should have recused himself from a climate case involving oil companies in which he holds stock. Alito is the only justice with energy company holdi…
marketwatch.compolitics64 days ago
ExxonMobil, Shell and Repsol Among Bidders for $163 Million in Alaska Oil Leases
Major oil companies placed record bids in March 2026 for leases in the National Petroleum Reserve of Alaska, which holds nearly 9 million barrels of oil. The activity marks the return of Exxon and Shell after a nearly decade-long hiatus, following Trump administration deregulatio…
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Substrate placeholder — needs reviewfinance72 days ago
Reddit, Grab, and Big Oil Report Q1 2026 Earnings Above Analyst Estimates
Reddit and Grab posted strong first-quarter 2026 results driven by user growth and resilient demand, while major oil companies like Exxon, Chevron, BP, and TotalEnergies benefited from soaring prices amid Middle East conflict. Revenues and profits surpassed forecasts across secto…
Los Angeles Timesfinance72 days ago
Paramount Reports Q1 Profit Growth; Warner Bros. Acquisition Advances
Paramount reported stronger-than-expected first-quarter 2026 earnings while advancing its $111 billion acquisition of Warner Bros. Discovery. The company defended plans for 30 annual film releases and highlighted streaming growth. Other firms including Reddit and Big Oil companie…
BBC Newspolitics76 days ago
UK Energy Prices Rise While US Oil Companies Report Higher Profits
UK retailers highlight soaring electricity prices amid Middle East conflict, while US oil majors report sharp earnings declines despite high oil prices. Federal Reserve Chair Jerome Powell concludes his term amid assessments of inflation management. Central banks signal potential…
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koreatimes.co.krworld78 days ago
Oil Companies Report Higher Profits; Middle East Conflict Disrupts Supply
Major energy firms have seen significant profit increases in the first quarter of 2026 due to elevated oil prices stemming from the U.S.-Israel war on Iran. BP reported $3.2 billion in profits, more than double the previous year's figure, amid ongoing closures in the Strait of Ho…
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zerohedge.comfinance84 days ago
Chinese Oil Companies Offer Crude in Global Tenders Over Recent Weeks
Chinese oil companies have sold barrels to several nations in tenders, acting as aggressive sellers amid global market shifts. Mercuria CEO Marco Dunand highlighted this trend at a summit, linking it to factors like Iranian oil sales and inventory releases. Current oil prices ros…
winnipegfreepress.compolitics89 days agoUpdated
Supreme Court Unanimously Rules 8-0 to Shift Louisiana Coastal Damage Lawsuits Against Oil Companies to Federal Court
The U.S. Supreme Court issued an 8-0 ruling on April 17, 2026, allowing oil companies including Chevron to move environmental lawsuits from Louisiana state courts to federal courts. The decision in Chevron v. Plaquemines Parish vacated a lower court ruling and remanded the case f…
Substrate placeholder — needs reviewfinance95 days ago
CEOs of Top US Oil Companies Warn of Energy Crisis from Strait of Hormuz Closure
CEOs of America's three largest oil companies have stated that a continued closure of the Strait of Hormuz could lead to a worsening energy crisis. The warning highlights potential disruptions to global oil supplies. The statement was reported by sources to the Wall Street Journa…
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ibtimes.co.ukbusiness99 days ago
Chevron Resumes Importing 250,000 Barrels of Venezuelan Crude Oil Daily to US Refinery
Chevron has begun importing 250,000 barrels of crude oil per day from Venezuela to a US refinery. This development follows the US government's authorization of certain oil companies to resume operations in Venezuela after previous sanctions. The imports mark a resumption of activ…