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Exxon and Chevron beat profit forecasts despite weaker oil prices
Oil giants Exxon Mobil and Chevron reported third-quarter earnings on Friday that came in stronger than expected, according to data provided by LSEG, despite falling oil prices and a 16% drop in U.S. ...
Oil giants slash jobs and projects as crude plunges below $66
Oil producers are in panic mode. Chevron, BP, ConocoPhillips, Aramco, and Petronas have started slashing jobs, cancelling drilling projects, and offloading assets as crude prices keep falling. The cut...
Trump’s top oil donors are now directly influencing U.S. energy policy
Oil billionaire Harold Hamm was spotted celebrating with Donald Trump at Mar-a-Lago as the 2024 election results rolled in, according to reporting from The Wall Street Journal. Harold is the founder o...
Venezuelan exchanges turn to dollar stablecoins as U.S. restrictions squeeze economy
Venezuela is turning to dollar-pegged cryptocurrencies to shore up its foreign exchange market as US sanctions choke oil revenues and reduce the availability of hard currency. The government has quiet...