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Exxon Mobil Corp.

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 cutting spending, but could still boost output 250,000 barrels a day

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The oil company lost money in U.S. oil production, reporting a $538 million net loss in the fourth quarter as its regional production earnings fell by $2 billion.
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 sees energy demand up a quarter by 2040

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Exxon Mobil Corp. believes the world’s energy demand will grow 25 percent by 2040 and that a third of its fuel will come from oil, even as natural gas outpaces coal to become the world’s No. 2 resource.
A structure is damaged after an explosion in a processing facility at the ExxonMobil refinery in Torrance, Calif. on Wednesday, Feb. 18, 2015. A small ground fire was quickly extinguished and the facility's flare system was triggered for safety reasons. Two workers suffered minor injuries. (AP Photo/Daily Breeze, Brad Graverson)

Federal inquiry says Exxon refinery explosion could’ve caused many deaths

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The U.S. Chemical Safety Board report called the incident a “serious near miss” and accused Irving-based Exxon Mobil of not properly following its safety procedures at the Torrance refinery near Los Angeles.
(AP Photo/Gerald Herbert, File)

TPH: Canceled projects could draw down 19 million daily oil barrels

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Blindsided by a brutal downturn, oil companies have scuttled plans for scores of costly energy projects.
Keira Phair, of Westchester, Ohio, holds a rainbow flag during the Cincinnati Pride parade, Saturday, June 27, 2015, in Cincinnati. On Friday, the U.S. Supreme Court ruled that same-sex couples have the right to marry nationwide. (AP Photo/John Minchillo)

Oil and gas companies score low on LGBT workplace equality

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Only two oil and gas companies — California-based Chevron Corp. and Houston-based Shell Oil Co. — scored perfect scores out of a record-breaking 407 businesses that received top “100” scores. A few power, utility and chemical companies also received perfect scores. Many energy companies scored low or outright refused to participate.
John Christmann IV, chief executive officer of Apache Corp., speaks during an interview at the company's headquarters in Houston, Texas, U.S., on Tuesday, June 9, 2015. (Aaron M. Sprecher/Bloomberg)

Apache shares surge on report of interested buyer

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Apache Corp. shares climbed as much as 13 percent on Monday.
(Helge Hansen/Statoil ASA)

Statoil greenlights world’s first floating wind farm

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After installing its first large-capacity, operational wind turbine floating offshore in 2009, Statoil said the project costs have reduced by more than 60 percent.
Workers walk near an entrance to the Exxon Mobil Corp. Torrance refinery after an explosion and fire in Los Angeles, California, U.S., on Wednesday, Feb. 18, 2015. An explosion this morning at the Exxon Mobil Corp. refinery is creating concerns that limited oil refining capacity in California could raise fuel prices. Photographer: Patrick T. Fallon/Bloomberg

Exxon Mobil profits sink, but production is rising

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Cheap energy prices helped to nearly double Exxon Mobil’s downstream profits, and its chemical business improved as well. The firm cut its capital and exploration spending by $2.2 billion as it continued to pare back drilling.
A wind farm in West Texas, outside of Roby. (Photo courtesy Rational Middle Media)

Texas hits new wind power milestone on Thursday

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At 12:38 a.m. Thursday, the grid that manages nearly 90 percent of Texas’ electricity load hit 12,237.6 megawatts of wind generation — nearly 37 percent of the grid’s load at the time — besting the previous record 11,467 megawatts from wind set on Sept. 13, according to the Electricity Reliability Council of Texas that manages the grid. A megawatt powers about 500 typical Texas residences during periods of normal demand.
(AP Photo/HO, Shell)

Shell starts Nigeria offshore expansion of up to 50,000 barrels

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Shell has a 55 percent stake in Bonga and operates what it says were the first deposits to be developed in Nigeria’s deep waters in 2005.