Oil prices fall, with weekly U.S. crude supplies up by more than 7 million barrels
Oil futures declined Wednesday, poised for a third straight session loss after official U.S. data revealed an unexpected weekly rise of more than 7 million barrels in domestic crude inventories.
BP Goes Deeper Into Gulf of Mexico, After Triumphs and Tragedy
While rivals bank on big new plays in Guyana and Namibia, the new BP CEO is focused on heartland waters off the coast of Louisiana and Texas.
Energy & Utilities Roundup: Market Talk
Cameco, Origin Energy and more in the latest Market Talks covering Energy and Utilities.
PG&E Nears Deal With KKR for Stake in Power Business Spinoff
The California utility is seeking regulatory approval to sell KKR part of a new company that would house most of its power generation business.
A Massive U.S. Nuclear Plant Is Finally Complete. It Might Be the Last of Its Kind.
Cost overruns and delays at Southern Co.'s Plant Vogtle pushed U.S. nuclear power in a different direction.
OMV Profit Tops Hopes, Keeps Outlook
OMV reported first-quarter profits ahead of forecasts despite revenue falling on lower gas prices, and backed its full-year production guidance.
PetroChina's Net Profit Rose on Higher Sales
PetroChina's net profit and revenue rose, primarily due to a rise in sales volume for the Chinese state-controlled oil company's oil and gas products.
In America's Biggest Oil Field, the Ground Is Swelling and Buckling
Land has subsided by as much as 11 inches since 2015 in a prime portion of the Permian Basin, as drillers extract huge amounts of oil and water, according to a Wall Street Journal analysis of satellite data.
Exxon Spent Money to Make Money
The oil and gas giant's spending in recent years has opened up a huge gap with Chevron, and it might widen further.
Exxon, Chevron Earnings Fall Back to Earth
The oil companies are still printing big profits, but their postpandemic run of record earnings is slowing down.
(END) Dow Jones Newswires
05-01-24 1115ET
