Exxon Mobil Corporation today announced estimated second-quarter 2022 earnings of $17.9 billion, or $4.21 per share assuming dilution. Second-quarter results included a favorable identified item of nearly $300 million associated with the sale of the Barnett Shale Upstream assets. Capital and exploration expenditures were $4.6...
Chevron Corporation (NYSE: CVX) today reported earnings of $11.6 billion ($5.95 per share - diluted) for second quarter 2022, compared with $3.1 billion ($1.60 per share - diluted) in second quarter 2021. Included in the current quarter were charges associated with an early contract termination of $600 million, pension settlement costs of $11 million,...
Global fuel prices are tumbling in recent weeks as the supply tightness that plagued the market and sent prices skyrocketing to fresh highs barely two months ago, has started unwinding. Slowing arbitrage flows to key import destinations and rising inventories in major storage hubs are...
Eni announces yet another significant gas discovery of 1-1.5 trillion cubic feet (TCF) of raw gas in place, in a deeper zone, in its first exploration well drilled in Offshore Block 2 Abu Dhabi, United Arab Emirates (UAE). This discovery follows the initial finding in a...
Eni has signed a new 6 billion Euro five-year Sustainability-Linked revolving credit line, linked to two targets of its "Sustainability-Linked Financing Framework" updated in May 2022. The margin of the new credit line is linked to the achievement of sustainability targets relating to Net Carbon Footprint...
Financial highlights of the second quarter of 2022 Group adjusted EBIT in the second quarter 2022 was €5.84 billion, up 13% q-o-q and more than doubling y-o-y driven by the favorable commodity price environment, strong refining margins and the focus on cost management and business operating...
The partnership between TotalEnergies and ADNOC has been further strengthened following the signing by ADNOC Distribution of an agreement to acquire a 50% stake in TotalEnergies Marketing Egypt LLC for a consideration of approximately $200 million. This new transaction follows the signing of the strategic...
HOUSTON--(BUSINESS WIRE)--In headline and first paragraph, number should read $160 million (instead of $161 million). Also, company name in last paragraph should read Paul Hastings LLP (instead of Paul Hasting LLP). The updated release reads: BROAD REACH POWER CLOSES $160 MILLION PROJECT FINANCING ON 18 BATTERY ENERGY...
Fisker Inc. is making its Pebble Beach Concours debut featuring the Fisker Ocean The public and media are invited to visit the show stand at Concours Village Fisker is on track to start production of the Fisker Ocean in November 2022 LOS ANGELES...
The first facility in Japan to receive the highest level of BELS, CASBEE Wellness Office and WELL Building Standard certifications TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its “SUSTIE®” Net Zero Energy...
WASHINGTON--(BUSINESS WIRE)--On July 20, 2022, The STEER Coalition was formed to drive the passage of the STEER Act, a bill that would modernize the trucking industry by incentivizing greater adoption of fuel-saving technologies for heavy-duty trucks. ...
Complaint with U.S. International Trade Commission Seeks to Ban Import of Infringing SolarEdge Products Similar Infringement Action in U.S. District Court Seeks Injunction and Substantial Monetary Damages FORT COLLINS, Colo.--(BUSINESS WIRE)--Ampt LL...