Fuel prices are displayed at an Exxon Mobil Corp. gas station in Richmond, Kentucky, U.S., on Wednesday, April 29, 2015. Exxon Mobil Corp. is scheduled to release earnings data on April 30. Photographer: Luke Sharrett/Bloomberg

Look who’s hiring a climate researcher (it’s Exxon)

Job ads can offer a useful peek into what companies actually want to do, and corporate watchdogs routinely comb them for clues.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Oil export ban in play in final-stage talks on budget deal

Lifting the ban is a top ask for GOP negotiators working on the sprawling legislation.
Ben van Beurden, chief executive officer of Royal Dutch Shell Plc, pauses as the company announce their fourth-quarter results in London, U.K., on Thursday, Jan. 29, 2015. Van Beurden pledged to do all he can to maintain payments to shareholders of Europe's largest oil company after crude prices fell by more than half in the past six months. Photographer: Chris Ratcliffe/Bloomberg  *** Local Caption *** Ben van Beurden

Shell plans to shed 2,800 jobs after buying BG Group

The losses amount to about 3 percent of the combined workforce, and come on top of Shell’s previously announced plan to shed 7,500 staff and contractor positions.
This photo taken July 23, 2013, show the U.S. Capitol in Washington.   (AP Photo/J. Scott Applewhite)

Crude export negotiations under way in Washington

The negotiations signal that Democrats are willing to consider the possibility of oil exports, a policy goal long sought by oil producers including ConocoPhillips. In return, Democrats are also seeking long-term extensions of tax breaks for renewable energy such as solar and wind.
Exxon Mobil Corp. signage is displayed at a gas station in Richmond, Kentucky, U.S., on Wednesday, April 29, 2015. Exxon Mobil Corp. is scheduled to release earnings data on April 30. Photographer: Luke Sharrett/Bloomberg

Exxon Mobil elects new president as Tillerson nears retirement

Exxon Mobil promoted Darren Woods to president, putting him on a path to succeed Chief Executive Officer Rex Tillerson when he retires.
A CenterPoint Energy employee in Houston on May 21, 2013. (Cody Duty / Houston Chronicle)

CenterPoint Energy soars after activist investor discloses stake

U.S. Federal Trade Commission notice dated Thursday shows a unit of Elliott Management, the $27 billion hedge fund run by billionaire Paul Singer, was granted approval for an acquisition involving the company.
(Spencer Platt/Getty Images)

Oil investors are $230 billion poorer a week after OPEC decision

Crude’s slump has lasted for more than 18 months, making it one of the longest downturns in decades and forcing companies to slash spending, reduce their workforce and delay projects.

Brent crude falls to lowest since 2008

Oil prices have slumped to levels last seen during the global financial crisis as a result of OPEC’s strategy to defend market share against higher-cost producers.
Vicki Hollub on Tuesday was named as Occidental Petroleum CEO Stephen Chazen's replacement after he steps down later this year. (Occidental)

Incoming Occidental CEO gets promotion

Vicki Hollub, set to become the CEO of Houston’s Occidental Petroleum next year, has been named the company’s president and chief operating officer.
David Porter, chairman of the Texas Railroad Commission, speaks Tuesday 11-10-2015 during the Executive Oil Conference at the Midland County Horseshoe Pavilion.
Tim FischerReporter-Telegram

David Porter won’t run for reelection to Texas Railroad Commission

Texas Railroad Commission Chairman David Porter announced today that he will not campaign for re-election to the commission. Porter is a CPA from Midland, but was well known in South Texas communities for organizing the Eagle Ford Task Force. He released this statement: “After much thought and consideration, my wife Cheryl and I have decided to