There were also bright spots in the statement, which comes ahead of official second-quarter earnings on Aug. 5.

Exxon Mobil said its second-quarter earnings will take a hit. Shell has said its trading profit will be lower than thought.

Exxon Mobil Corporation dispute, Guyana's oil profits, and Chevron's 2026 cash flow outlook. Click for my CVX update.

The International Chamber of Commerce in Paris is currently reviewing the decision before releasing it to the involved ...

Exxon Mobil halts Mars crude oil purchases over zinc contamination. Learn how this issue impacts prices and production along ...

The arbitrators in a legal dispute between Exxon Mobil and Hess have reached a decision related to a major oilfield project ...

CVX nears a decisive moment as arbitrators take final decision on its $53 billion Hess deal and entry into Guyana's top-tier ...

Chevron is laying the groundwork to swiftly close its planned acquisition of smaller oil producer Hess , according to two sources and an industry analyst, including by preparing a severance program ...

In a bid to cut $3 billion in costs, Chevron is consolidating its offshore operations into one global division.

Exxon earned nearly $56 billion in profit last year, the biggest annual profit any Western oil company has ever seen. Chevron set its own record with $35 billion in profit.

Exxon Mobil made $56 billion in profit last year, its largest annual haul ever. Chevron earned $36 billion, also a company record. But after a bountiful 2022, the outlook for those companies and ...