(Reuters) – Chevron Corp, the second-largest U.S. oil producer, posted a lower-than-expected quarterly profit on Friday on lower global production and crude oil prices. The company posted net income of $4.51 billion, or $2.36 per share, compared with $6.18 billion, or $3.18 per share, in the year-ago quarter. Analysts, though, expected earnings of $2.51 per share, according to Thomson Reuters ...

Exxon Mobil CEO Rex Tillerson’s participation in a highly publicized lawsuit to block construction of a 160-foot-tall water tower near his Denton County ranch is over. Tillerson and his wife have withdrawn their complaint, which they had brought as owners of Bar RR Ranches, according to court records. The Tillersons and other Bartonville landowners, including former U.S. House Speaker Dick ...

(Reuters) – French oil major Total has secured the rights to explore three hard-to-recover oil blocks in West Siberia, according to a statement on the website of the Russian region’s governor. Total will join other majors, ExxonMobil, Statoil and Royal Dutch Shell, to develop Russian shale oil, a key driver in Moscow’s efforts to at least maintain its oil output at ...

NEW YORK (Reuters) – Even as its share price has slumped 8 percent in the year to date, hazardous waste manager Clean Harbors, Inc. has cleaned up in terms of fund-manager interest as more of them bet on one of the down sides of the energy boom. Manufacturers large and small have opened U.S. plants to take advantage of low ...

NEW YORK (AP) — Exxon Mobil says that global policies to combat climate change won’t be strict enough to stop the company from selling all of the oil and gas it has found — and all that it will find in the foreseeable future — because the fuels are too important for global economic development. Exxon issued a report Monday ...

LONDON (Reuters) – Royal Dutch Shell <RDSa.L> will cut spending in its American exploration and production business by a fifth and could sell more of its shale assets, in another sign that oil majors are struggling to make profits in the booming sector. Oil and natural gas pumped from North American shale has boosted the fortunes of smaller energy firms, ...

By: Jim Fuquay, Fort Worth Star-Telegram It can’t have been what Exxon Mobil CEO Rex Tillerson expected when he joined a lawsuit to try and stop a big water tower from being built near his Denton County horse ranch. But that was before a report in Friday’s Wall Street Journal took the small-town dispute around the globe and spawned outrage over perceived ...

Oil companies are pouring millions of dollars into their attempt to defeat a voter referendum to repeal the oil tax cuts approved last year by the Alaska Legislature. New campaign filings to the state show BP and ExxonMobil each have invested more than $1.3 million in the “Vote No on One” campaign, which already is playing out with a barrage ...

(Reuters) – Exxon Mobil Corp <XOM.N>, the world’s largest publicly traded oil company by market value, posted lower-than-expected quarterly profit on Thursday as it failed to offset declining production with fresh reserves. Shares of Exxon fell nearly 2 percent to $93.28 in morning trading. The problem of declining production has become endemic for multinational energy groups, with legacy oil and ...

WILLIAMSPORT, Pa. — A former state environmental inspector indicated Wednesday that there was evidence of previous, unreported spills on a Marcellus Shale gas drilling site where he discovered toxic wastewater gushing onto the ground in 2010. Jeremy Daniel, 32, an inspector for the Pennsylvania Department of Environmental Protection at the time, said he found puddles of wastewater, sand, and a ...