Exxon Vaults to Record Annual Profit of $55.7 Billion

Only Apple and Microsoft so far have surpassed Exxon's fiscal 2022 profit as the oil giant capitalized on high commodity prices. 


 
Oil prices gain for the session, but post a January loss

Oil futures end higher on Tuesday, but post a loss for the month, as investors await this week's Federal Reserve decision on interest rates. 


 
U.S. Crude-Oil Stockpiles Likely Unchanged in DOE Data, Analysts Say

Analysts expect that U.S. commercial crude-oil stockpiles will be unchanged from the previous week in data due Wednesday. 


 
New China Rule Threatens to Disrupt U.S. Solar Ambitions

A plan by China to restrict exports of key solar manufacturing technology could delay attempts to build up a domestic solar supply chain in the U.S., industry experts say. 


 
Energy & Utilities Roundup: Market Talk

Gain insight on U.S. oil production, Exxon and more in the latest Market Talks covering Energy and Utilities. 


 
Adani Group Fails to Halt Short-Seller Driven Decline

A giant Indian conglomerate couldn't stop the free fall in its shares and bonds set off by an American short seller in what has grown into a bitter fight over the empire created by one of India's richest people. 


 
Russia's invasion of Ukraine will reduce oil and gas consumption while speeding up transition to cleaner fuels, BP says

The Russian invasion of Ukraine will reduce demand for oil and natural gas and speed up the transition to cleaner products, according to oil giant BP. 


 
Cleveland Integrity Services, a Pipeline Inspector, Files for Chapter 11

Top lender Owl Rock Capital has agreed to buy the assets of the oil and gas infrastructure service provider out of bankruptcy. 


 
Shell to Combine Units, Trim Board Numbers

Shell said it planned to combine its integrated gas and upstream businesses to form an integrated gas and upstream directorate and would cut its executive committee from nine to seven to further simplify the organization and improve performance. 


 
Small Oil Producer Stands to Win Big From Biden's Climate Bill

Denbury, an owner of CO2 pipelines, is betting on carbon-capture tax credits.


(END) Dow Jones Newswires

02-01-23 0015ET