Environment

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp., Brendan McDermid | Reuters Exxon Mobil said Wednesday its expects earnings to more than double through 2027 relative to 2019 as the energy giant moves forward with a slew of cost-cutting measures. Exxon said it’s on track to grow its earnings and cash flow

Gas prices at a Shell gas station in Washington, DC, US, on Tuesday, Nov. 28, 2023. Al Drago | Bloomberg | Getty Images U.S. crude declined nearly 4% on Wednesday with retail gasoline prices hitting the lowest point since January ahead of the holiday shopping and travel season. The West Texas Intermediate contract for January

In this article WDS-AU Follow your favorite stocksCREATE FREE ACCOUNT Bloomberg/Contributor | Bloomberg | Getty Images Shares of Australia’s Santos jumped to a five-week high on Friday on news the company is in talks to merge with Woodside Energy. Santos and Woodside Energy, two of Australia’s largest oil and gas producers, have opened talks to

In this article PXD XOM Follow your favorite stocksCREATE FREE ACCOUNT Darren Wood, CEO of Exxon Mobil, speaking on CNBC’s Squawk on the Street on Dec. 7th, 2023.  CNBC Exxon Mobil CEO Darren Woods on Thursday dismissed worries that the Federal Trade Commission could hold up the oil giant’s pending acquisition of Pioneer Natural Resources.

We’re buying 350 shares of Coterra Energy (CTRA) at roughly $24.77 each. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 2,300 shares of CTRA, increasing its weighting to 1.96% from 1.66%. Energy stocks were getting hit Wednesday as U.S. oil prices fell below $70 per barrel for the first time since early July. But

U.S. crude prices continued to fall Wednesday, settling below $70 per barrel for the first time since early July and at their lowest levels since June. That’s good news for the Federal Reserve in its battle against inflation. While the impact on oil and natural gas stocks has not been as cheery, companies across many

China’s current emissions reduction targets are not as strong as they need to be, U.S. Deputy Secretary for Energy David Turk said Monday. “I think every country needs to take a look at what it’s doing, especially in its implementation phase,” Turk told CNBC’s Steve Sedgwick at the COP28 summit. “I’ve looked at the numbers for

DUBAI, United Arab Emirates —The chief executive of UAE-based energy firm Crescent Petroleum on Tuesday claimed that blaming the oil and gas industry for the climate crisis “is like blaming farmers for obesity.” His comments come at the mid-point of the U.N.’s biggest and most important annual climate conference, with many at the COP28 talks

A man wearing a thawb walks past flags of nations participating in the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty Images DUBAI, United Arab Emirates — Nearly 2,500 fossil fuel lobbyists are estimated to have

U.S. Special Presidential Envoy for Climate John Kerry participates in an event on women’s role in building a climate-resilient world, at COP28 World Climate Summit, in Dubai, United Arab Emirates, December 4, 2023.  Amr Alfiky | Reuters The United States and more than 20 other countries plan to triple nuclear power by 2050 to achieve

Sultan al-Jaber, president of the UNFCCC COP28 climate conference, speaks during day two of the summit on Dec. 2, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty Images Dubai, UNITED ARAB EMIRATES — A fight over the future of fossil fuels has been thrust into the global spotlight at

On Sept. 27, 2023, the President of Brazil, Luiz Inacio Lula da Silva, will take part in a ceremony at the Planalto Palace to sign the concession contracts resulting from the 1st Transmission Auction of 2023. Nurphoto | Nurphoto | Getty Images Brazil will join the influential OPEC+ oil coalition that unites some of the

Dubai, UNITED ARAB EMIRATES — Exxon Mobil CEO Darren Woods on Saturday said the “problem statement” that countries need to focus on at the COP28 climate summit is reducing emissions, in contrast to calls for a collective commitment to phase out all fossil fuels. For many at the summit, which is being held in the

The logo of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Thursday, July 6, 2023. Bloomberg | Bloomberg | Getty Images The influential Organization of the Petroleum Exporting Countries coalition and its allies, collectively known as OPEC+, on Thursday opted against formally deepening production cuts, while de-facto leader Saudi Arabia extended

In this article @CL.1 @LCO.1 Follow your favorite stocksCREATE FREE ACCOUNT Processing towers stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., in Tuapse, Russia, on Monday, March 23, 2020. Andrey Rudakov | Bloomberg | Getty Images Oil prices are expected to rise in the new year after some OPEC+ oil producers voluntarily pledged

Bill Gates arrives for a press conference to launch the Global Polio Eradication Initiative at the European Commission’s Berlaymont headquarters in Brussels on October 11, 2023. Simon Wohlfahrt | Afp | Getty Images Dubai, UNITED ARAB EMIRATES — Billionaire philanthropist Bill Gates on Friday said the world is likely to overshoot a critical temperature threshold

In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S. Carlos Jasso | Bloomberg | Getty Images In a month that saw two of the crypto industry’s leading

In this article MPC PSX MRO VLO Follow your favorite stocksCREATE FREE ACCOUNT Elliott Management has taken a $1 billion stake in Phillips 66 and is seeking as many as two board seats as the company underperforms its peers, according to a Wednesday letter from the activist investor. Phillips 66’s stock rose nearly 6% in

Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Images The influential Organization of Petroleum Exporting Countries and its allies, collectively known as OPEC+, convene to decide next production policy steps on Thursday, in a postponed virtual meeting overshadowed by conflict in the Middle East, internal disgruntlement and the

In this article AAL Follow your favorite stocksCREATE FREE ACCOUNT The Air Traffic Control tower is seen at the Miami International Airport on September 25, 2023 in Miami, Florida. Joe Raedle | Getty Images American Airlines aims to remove carbon from the atmosphere by working with a startup that stores bricks of plant material underground.

The president of the upcoming COP28 climate change Sultan Ahmed al-Jaber speaks during the Abu Dhabi International Petroleum Exhibition at ADNEC Exhibition Center October 2, 2023. Jaber told an Abu Dhabi oil conference on October 2, 2023, that the fossil fuel industry would play an essential role in addressing the climate crisis. (Photo by Ryan

OPEC has refused to switch to bigger output increases as group sources have cited a lack of spare capacity among members to add more barrels as well as the need for further cooperation with Russia as part of the wider OPEC+ group. Dado Ruvic | Reuters The Organization of Petroleum Exporting Countries on Monday said

Cooling towers at a nuclear power plant in Slovakia. Nuclear power is likely to be discussed in great detail at the COP28 climate change summit in Dubai, United Arab Emirates. Janos Kummer | Getty Images News | Getty Images The role that nuclear power should play in creating a more sustainable future has long provoked

The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg | Bloomberg | Getty Images The oil and gas industry needs to let go of the “illusion” that carbon capture technology is a solution to climate change and

In this article METC Follow your favorite stocksCREATE FREE ACCOUNT Coal plays a huge role in global electricity generation, but has a significant impact on the environment. Boy_anupong | Moment | Getty Images From Pennsylvania to the north of England, coal mines helped to power the Industrial Revolution, turbocharging the economic growth of countries around

Opec logo displayed on a smart phone with Opec seen in the background, in this photo illustration. On 10 September 2023. In Brussels, Belgium. (Photo illustration by Jonathan Raa/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Meetings of the influential Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+,

A photo of a natural gas flare burning near an oil pump jack at the New Harmony Oil Field in the U.S. on June 19, 2022. Luke Sharrett | Bloomberg | Getty Images U.S. crude prices fell more than 4% Wednesday after the Organization of Petroleum Exporting Countries delayed a pivotal meeting on production cuts

Binance’s Co-founder and CEO Changpeng Zhao speaks during the 2022 Web Summit in Lisbon, Portugal, on November 1, 2022. Nurphoto | Getty Images Binance’s VIP users were granted a set of special privileges, including an early heads-up from the crypto exchange if they were under investigation by law enforcement, according to the U.S. Treasury’s Financial Crimes

Barry Silbert, Founder and CEO, Digital Currency Group  David A. Grogan | CNBC After months on the market, crypto news site CoinDesk has finally been acquired by a business that’s run by the former president of the New York Stock Exchange. Bullish, a digital asset exchange led by ex-NYSE chief Tom Farley, has purchased CoinDesk

Gas prices at a Chevron gas station in Newhall, CA. Monday, September 18, 2023. The average price of a gallon of regular gas in Los Angeles County rose 4.8 cents today to $5.915, a day after increasing 13.6 cents. The average price has risen 52 times in the last 57 days, increasing 94.3 cents, according

An aerial view of a crude oil storage facility is seen on May 4, 2020 in Cushing, Oklahoma. Johannes Eisele | Afp | Getty Images U.S. crude prices fell nearly 4% on Thursday as inventories rose while industrial production fell. The West Texas Intermediate December contract fell $3.06, or 3.99%, to $73.61 a barrel while

Oil and natural gas prices tumbled further Thursday, dragging down Club holding Coterra Energy (CTRA) and other energy stocks along the way. And that’s created a prime opportunity to do some buying, according to Jim Cramer. Shares of Coterra Energy dropped more than 3% Thursday, to around $26.30 apiece, pushing the stock’s losses over the

The Federal Reserve’s campaign to squash inflation is a long-term win for the U.S. economy, but investors in companies such as Walmart are paying the price now, CNBC’s Jim Cramer said Thursday. The U.S. retail behemoth, along with cybersecurity firm Palo Alto Networks and energy giant Chevron, all saw their stock prices decline meaningfully Thursday