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Home» Articles posted by Kevin Crowley

US Oil Majors Downgraded by S&P on Climate Risk, Earnings

Posted on February 12, 2021 by Kevin Crowley in Transport Topics

Exxon Mobil Corp., Chevron Corp. and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.

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Exxon Reveals Petroleum Product Emissions Data for First Time

Posted on January 5, 2021 by Kevin Crowley in Transport Topics

Exxon Mobil Corp. released emissions data on customers’ use of its petroleum products for the first time after coming under pressure from investors.

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Exxon Warns of $30 Billion Shale Writedown Amid Record Loss

Posted on October 30, 2020 by Kevin Crowley in Transport Topics

Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields as crashing energy demand and prices spurred a historic losing streak.

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US Oil Production Has Already Passed Its Peak, Occidental Says

Posted on October 14, 2020 by Kevin Crowley in Transport Topics

America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp.

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Chevron Overtakes Exxon Mobil as America’s Largest Oil Company

Posted on October 7, 2020 by Kevin Crowley in Transport Topics

Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.

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Occidental’s Lone Rig Shows Downfall of Permian Basin Oil Giant

Posted on August 11, 2020 by Kevin Crowley in Transport Topics

Occidental Petroleum Corp. will have just a single oil rig in the Permian Basin in the second half of the year, illustrating the scale of the shale industry’s pullback and the company’s debt woes.

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