Archives for 2019
Exxon climate plan wasn’t fake, Tillerson says in N.Y. trial
Former Exxon Mobil Corp. Chief Executive Officer Rex Tillerson rejected the New York attorney general’s claim that for years he spearheaded a secret scheme to defraud investors by lying about how the oil company planned...
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Crude inventories spike, but overall petroleum stocks fall again
The nation’s supplies of commercial crude oil spiked by 5.7 million barrels last week, but declines in refined products caused overall petroleum supplies to fall for an unprecedented fourth consecutive week. Source: FuelFix
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Concho aims to right the ship after disastrous previous results
Midland’s Concho Resources reported a rising profit and increased oil production for the third quarter, helping to right the ship after disastrous results earlier this year. Source: FuelFix
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Oil steady as traders weigh stockpile gain, deeper output cuts
Oil held steady as traders weighed a report of rising stockpiles at a U.S. storage hub against signs that Saudi Arabia is willing to make deeper production cuts. Source: FuelFix
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French half of TechnipFMC split reveals new company name
The French half of Houston and Paris oil field service company TechnipFMC has revealed its new company name months ahead of an anticipated split that will create two publicly traded companies. Source: FuelFix
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