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EXPLAINED: 16 - The Real Truth

Bad economics trumps good environmental outcomes

Whether pumping petrol or fouling streams, sometimes environmental regulations make it just seem easier to go with the flow.

Newsroom.co.nz

Global fossil fuel subsidies almost doubled in 2021, analysis finds

Support amid huge industry profits is a ‘roadblock’ to tackling climate crisis, says International Energy Agency

The Guardian - UK

Cyprus says new gas discovery aids Europe's energy search

Cyprus’ Energy Ministry says a new gas discovery off the island’s southern coast that’s estimated to contain around 2.5 trillion cubic feet of the hydrocarbon helps bolster Europe’s efforts to secure alternative energy sources

The Independent UK

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Oil giant Esso wins High Court injunction to stop protesters disrupting pipeline construction

Activist tunnelled underground near M25 – named in court order – accuses firm of ‘pouring fuel onto the flames’ of a world ‘on fire’

The Independent UK

ExxonMobil bid to end Indonesia lawsuit found ‘meritless’

US judge dismisses oil and gas giant’s arguments for avoiding trial over alleged human rights abuses in Indonesia.

Al Jazeera

Oil firms seem more interested in shareholders than net zero

Analysis: Is the energy industry willing to invest in renewables rather than dividends and buybacks?

The Guardian - UK

Exxon, Chevron Post Record Revenues

The two largest US oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue in Q2 2022 on Friday. With crude surging above $100 a barrel shortly after the Russian invasion on Ukraine, and refining margins climbing due to tight plant capacity, ExxonMobil reported $17.9 billion in profits and…

Asharq Al-Awsat

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Oil company profits boom as Americans reel from high fuel prices

ExxonMobil posts second-quarter profits of $17.85bn – four times last year’s figure – with Chevron making $11.62bn

The Guardian - US

Indonesian ExxonMobil accusers get day in court after 21 years

US judge clears way for trial over alleged human rights abuses by the oil giant during the late 1990s and early 2000s.

Al Jazeera

Climate disinformation leaves lasting mark as world heats

Wildfires, floods and soaring temperatures have made climate change real to many Americans

The Independent UK

Will Chevron's (CVX) Q2 Earnings Reverse The Previous Miss?

Chevron Corporation (NYSE: CVX) is set to release second-quarter results on Jul 29. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $5.01 per share on revenues of $55.8 billion.

Benzinga

Imperial (IMO) To Report Q2 Earnings: Is A Surprise In Store?

Imperial Oil Limited (NYSEAMERICAN: IMO) is set to release second-quarter results on Jul 29. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $2.14 per share on revenues of $16.7 billion.

Benzinga

3 Reasons Why Big Oil Is A Buy After A Punishing Pullback

Previously a sell, the recent big drop in crude has made Big Oil a buy. How to position to profit from continued consolidation in XOM stock.

StockNews.com

War in Ukraine is driving demand for Africa's natural gas. That's controversial

The African natural gas industry is booming as Europe looks to replace Russian supplies. But some worry new African gas projects don't make financial sense in a warming world.

WEKU

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WEKU

How a massive refinery shortage is contributing to high gas prices

Oil refineries have lost capacity over recent years, making it nearly impossible to increase supply and stabilize gas prices at the pump.

The National (Scotland)

LGBT+ Greens threaten to pull out of Edinburgh Pride due to ExxonMobil sponsorship

THE LGBT+ wing of the Scottish Greens has threatened to pull out of the Edinburgh Pride march if the organisers don’t make a public apology for…

Asharq Al-Awsat

Emir of Qatar Says Global Economy to Shrink by a Third

Emir of Qatar Sheikh Tamim bin Hamad Al Thani warned on Tuesday of a wave of global economic stagnation and inflation that the world has not seen in 45 years, citing a slowdown of growth in the global economy by about a third this year. Speaking at the opening of…

The National (Scotland)

Oil giant's sponsorship of Edinburgh Pride event sparks furious backlash

ONE of Scotland’s largest Pride events is battling fury from the LGBT community after it was revealed the bash was sponsored by a climate…

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Al Jazeera

Qatari emir and Elon Musk speak on day 2 of Qatar Economic Forum

Delegates at the economic forum discussed diversifying economies, while Musk gave updates on Twitter acquisition.

The Guardian - US

Is the US heading for a recession? Here’s what you need to know

Many signs point in that direction. We have answers to questions that might be on your mind

Benzinga

Stock Wars: Chevron Vs. ExxonMobil

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

The Independent UK

Biden tells oil refiners: Produce more gas, fewer profits

President Joe Biden is calling on U.S. oil refiners to produce more gasoline and diesel

The Guardian - UK

Thinktank that briefed against XR given $30k by ExxonMobil in 2017

Report shows Policy Exchange, which called for criminalisation of climate group, previously received money from oil firm

The Guardian - US

Industrial water use threatens Louisiana capital’s drinking water

Unchecked water use by companies like Exxon risks saltwater intrusion and undrinkable tap water

StockNews.com

5 Reasons Why It’s Finally The Time To Sell Big Oil

Major oil stocks like ExxonMobil are reaching extremes on a fundamental, technical, and comparative basis. Time to short crude in a non-crude way.

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