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Annual meeting votes highlight differences between investors at US and European oil companies
World’s biggest sovereign wealth fund attempts to force policy change at US groups despite backing European oil majors
The oil major says it is investing in low-carbon technologies. Pressure from shareholders has played a part — but so have tax incentives
Last year, they rewarded shareholders and paid down debt, now they can afford to go shopping
US oil majors facing weaker energy markets as global economy slows
Investor joins forces with Christian Brothers over concerns oil major is failing to disclose green transition costs
Darren Woods joins the list of executives benefiting from a surge in industry profits since start of war in Ukraine
Texas oil major says government incentives are critical to profiting from energy transition
Inflation Reduction Act’s tax credits include technologies favoured by fossil fuel sector
Netherlands says it will end extraction at Groningen this year despite pressure from EU states
New division will be aimed at ‘driving commercial intensity’ for US oil and gas company
Profit growth was already starting to decelerate in the fourth quarter
Also in today’s newsletter, scepticism surrounds a new discovery of rare earths
Results show scale of windfall from high oil prices following invasion of Ukraine
Five western supermajors forecast to earn $150bn in 2023, down by a quarter from record year
The conglomerate’s research on climate change was much more accurate than its public messaging
Record haul during Ukraine war marks reversal of fortunes after pandemic demand crash
Supermajor says Brussels exceeded legal authority by imposing levy set to raise up to €25bn
Investors have flocked to Big Oil this year while fleeing Elon Musk’s electric-car maker
Shareholder resolutions filed calling on companies to cut emissions more aggressively
The boom-to-bust nature of the energy industry means high prices come and go
US group also expects to increase capital spending but at lower levels than forecast pre-pandemic
Shares of BP and Shell trade at sharp discounts to American peers after energy commodity rally
ExxonMobil and Chevron invest less than before pandemic in face of peak demand and Wall Street pressure
Higher oil production and natural gas prices lead to windfalls
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