Big Oil Companies Archives - Page 3 of 34

ConocoPhillips Announces Q2 2026 Earnings: Strong Beat on Higher Prices Amid Production Dip and Leadership Transition

August 7, 2026 Clark Savage192

Houston-based ConocoPhillips (NYSE: COP), the largest U.S. independent oil and gas producer, reported second-quarter 2026 results on August 6, 2026, that beat Wall Street expectations. Higher commodity prices more than offset a year-over-year decline in production, driving sharp gains in earnings and cash flow. The company also reaffirmed full-year guidance, doubled share repurchases, achieved a […]

Hormuz Crisis Is Rewriting the Global LPG Trade

August 6, 2026August 6, 2026 Clark Savage151

The effective closure of the Strait of Hormuz amid the 2026 Iran-related conflict has fundamentally altered global liquefied petroleum gas (LPG) trade flows. Middle Eastern exports from Saudi Arabia, the UAE, Qatar, and Iran slowed sharply as tanker traffic collapsed and infrastructure faced risks or attacks. Before the escalation, roughly 54 oil, chemical, and LPG […]

Houthis Claim Responsibility for Another Attack in the Red Sea

August 5, 2026 Clark Savage93

The Iran-aligned Houthi rebels in Yemen claimed on or around August 4-5, 2026, that they successfully targeted a Saudi-controlled medium-range (MR) product tanker in the northern Red Sea with ballistic missiles. The vessel, identified as the Bahri-controlled NCC Wafa (also referred to as Wafaa or NCC WAFA; IMO 9688348, approximately 49,990 DWT, built 2014, Saudi-flagged), […]

Refineries Globally Are Running Flat Out as Buffers Have Dwindled

August 5, 2026 Clark Savage152

Global oil refineries outside active conflict zones are operating near or at maximum capacity, with almost no remaining buffers to absorb further shocks. Saudi Aramco CEO Amin Nasser made the point clearly this week: the system is stretched thin, leaving “little shock absorbers or buffers” against higher fuel prices. A combination of the ongoing war […]

Saudi Arabia Shipping Less But Revenues Are Up Due to Higher Oil Prices

August 3, 2026 Clark Savage108

Saudi Arabia is exporting and producing less oil amid ongoing regional conflicts and shipping disruptions, yet its oil revenues have risen sharply thanks to elevated crude prices. This paradox highlights the resilience of the Kingdom’s energy sector even as capacity constraints, security threats, and infrastructure damage create significant hurdles. In the second quarter of 2026, […]

ExxonMobil and Chevron Post Huge Profit and Revenue: Implications for Consumers and Investors

August 1, 2026 Clark Savage215

In the second quarter of 2026, ExxonMobil and Chevron delivered blockbuster earnings, fueled by elevated oil prices stemming from the ongoing Iran conflict and associated supply disruptions in the Middle East, including pressures around the Strait of Hormuz and Red Sea. These results highlight the resilience of the U.S. majors’ integrated portfolios amid geopolitical volatility, […]

President Trump Should Look at the Refinery Costs Prior to Ordering an Investigation

August 1, 2026 Clark Savage65

In late June 2026, President Donald Trump publicly singled out ExxonMobil, Chevron, Shell, and BP, accusing the “big Oil Companies” of failing to lower gasoline prices at the pump in line with falling crude oil costs. In comments to the media and on Truth Social, he argued that with oil prices dropping sharply, Americans should […]

US Drillers Post Modest Gain of One Rig as Activity Holds Steady

July 31, 2026 Clark Savage84

U.S. oil and gas drillers added a single active rig in the latest weekly tallies, signaling continued capital discipline and steady rather than accelerating activity heading into late summer 2026. According to the WellDatabase US Rig Report dated July 31, 2026 (published in partnership with Energy News Beat), the national active rig count reached 576, […]

Expand Energy’s First Far Western Haynesville Wildcat IPs 27.5 MMcf/d

July 31, 2026 Clark Savage82

Expand Energy Corporation (NASDAQ: EXE), North America’s largest independent natural gas producer, has reported a strong initial production (IP) rate of 27.5 million cubic feet per day (MMcf/d) from its first horizontal wildcat in the Far Western Haynesville. The Bobby Yancey #2H well, located in Houston County, Texas, features an 8,158-foot lateral and represents an […]

The Tale of Two UK Oil Companies – how will they end up?

July 31, 2026 Clark Savage73

“The Tale of Two UK Oil Companies” could be the title of an old book, movie, or play. But sadly, it is a real-life story of how a once great country is imposing a self-imposed death spiral of deindustrialization and financial collapse. The very same death spiral the Blue / Net Zero crowd in the […]

Category: Big Oil Companies

ConocoPhillips Announces Q2 2026 Earnings: Strong Beat on Higher Prices Amid Production Dip and Leadership Transition

Hormuz Crisis Is Rewriting the Global LPG Trade

Houthis Claim Responsibility for Another Attack in the Red Sea

Refineries Globally Are Running Flat Out as Buffers Have Dwindled

Saudi Arabia Shipping Less But Revenues Are Up Due to Higher Oil Prices

ExxonMobil and Chevron Post Huge Profit and Revenue: Implications for Consumers and Investors

President Trump Should Look at the Refinery Costs Prior to Ordering an Investigation

US Drillers Post Modest Gain of One Rig as Activity Holds Steady

Expand Energy’s First Far Western Haynesville Wildcat IPs 27.5 MMcf/d

The Tale of Two UK Oil Companies – how will they end up?

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