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- Exxon is working on tech to remove CO2 from atmosphere but a breakthrough is needed to slash costson April 26, 2024 at 7:02 pm
Exxon CEO Darren Woods said the technology is currently unaffordable with CO2 removal costing between $600 to $1,000 per ton.
- Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining marginson April 26, 2024 at 3:27 pm
Exxon Mobil’s first-quarter earnings missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices.
- Chevron beats earnings estimates but profit falls on lower refining margins and natural gas priceson April 26, 2024 at 12:14 pm
Chevron produced 1.57 million barrels of oil and gas daily in the U.S. for the quarter, an increase of 35% during the same period last year.
- Oil rises 1% as market weighs disappointing economic data against geopolitical riskon April 25, 2024 at 7:41 pm
Gross domestic product was much softer than expected in the first quarter, which could weigh on crude oil demand.
- Middle East escalation could trigger oil price shock that fuels inflation, World Bank warnson April 25, 2024 at 7:35 pm
Oil prices could rise to $102 per barrel if a major conflict in the Middle East breaks out involving one or more oil producers, according to the World Bank.