With a market cap of $217 billion, Chevron competes with the likes of Exxon (XOM), Shell, BP and Total. CVX consistently ranks among the lowest cost producers in its nine-company peer group. Strong production growth is anticipated in 2018 and 2019.
Who says that the U.S. oil supply picture is not getting in balance? Crude oil supply in the United States fell by 7.2 million barrels, down more than 50 million barrels since the end of March. It would have been more than 60 million barrels if it were not for the reclassification of oil released from the Strategic Petroleum Reserve. That puts supply at the lowest level this year and 7.1% below last year. U.S. crude production faltered last week, a sign that U.S. shale producers are getting wobbly. Y
The United States received failing scores for its efforts to prevent the laundering of criminal proceeds by shell companies, accountants and real estate agents, the Financial Action Task Force (FATF) said in a report released Thursday.
Royal Dutch Shell, the world's second-biggest publicly listed oil company, is studying acquisitions in the green energy sector, its CEO told Reuters, as it bows to shareholder demands for a strategy beyond fossil fuels.
Royal Dutch Shell earnings missed expectations by a billion dollars and the result may be more cutbacks in capital spending. That was a 72% drop in profits. The big miss follows disappointing results from BP as the Industry is feeling the effects from the collapse in refining margins, which was the savior of big oil after the crude oil price crash. With the falling production at Shell from disruptions of supply in Nigeria and Canada and a hit on its natural gas business, it’s clear that Shell and most other oil companies are going to make more cutbacks.
Crude oil prices are having a hard time trying to decide whether they should be focused on risks to supply or risks to demand. Early on Friday it appears that the risk to demand fears are outweighing risks to supply fears as the dollar rallies and economic concerns weigh.

Royal Dutch Shell shareholders approved its $50 billion takeover of BG Group on Wednesday, clearing the last main hurdle to creating the biggest liquefied natural gas (LNG) trader in the world.

The 168th OPEC conference ended with a press conference in which the Secretary General announced, unsurprisingly, no change in OPEC policy.

Royal Dutch Shell expects to slash thousands more jobs to save costs if its takeover of BG Group goes through as planned early next year following a final green light from China.

Royal Dutch Shell sought to ease investor concerns over its planned $70 billion takeover of BG Group on Tuesday, announcing further benefits and cost cuts aimed at making the deal work with an oil price in the mid-$60s a barrel.