U.S. & International

Chevron to buy back $75 billion in stock after record profit

Thursday, January 26, 2023, 7:09 AM MST

Chevron Corp. plans to buy back $75 billion of shares and increase dividend payouts after a year of record profits…

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Canadian oil flows to Asia surge after US refinery disruptions

Thursday, January 26, 2023, 6:57 AM MST

Canadian crude shipments to Asia are set to surge to the highest in more than a year as US refinery…

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Big Oil faces headwinds after record $199 billion profit haul

Thursday, January 26, 2023, 6:54 AM MST

Exxon Mobil Corp., Chevron Corp., Shell Plc, TotalEnergies SE and BP Plc reaped almost $200 billion collectively last year but…

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Halliburton aims to pay out half of free cash flow to investors

Wednesday, January 25, 2023, 6:51 AM MST

Halliburton Co. plans to return half its annual free cash flow to shareholders as the world’s biggest provider of fracking…

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Matador to buy advance energy for $1.6 billion to add Permian assets

Wednesday, January 25, 2023, 6:35 AM MST

Consolidation in the Texas oil patch is gaining momentum this week after Matador Resources Co. agreed to acquire Advance Energy…

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Germany sees brighter outlook for Europe’s largest economy

Wednesday, January 25, 2023, 6:18 AM MST

The German government on Wednesday said it expects to eke out economic growth this year instead of a decline as…

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Germany to quash recession fears with 2023 growth forecast

Tuesday, January 24, 2023, 6:52 AM MST

The German government expects Europe’s biggest economy to grow by 0.2 per cent this year instead of the 0.4 per…

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Centrica buys old gas plant to turn it into green energy site

Tuesday, January 24, 2023, 6:40 AM MST

Centrica Plc, the UK’s biggest household energy supplier, plans to turn an idled gas-fired power station into a renewables hub…

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US to boost pressure on China to stop importing Iran oil, envoy says

Tuesday, January 24, 2023, 6:35 AM MST

The US said it will increase pressure on China to stop buying Iranian oil, as the White House seeks to…

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OPEC+ delegates expect committee to recommend steady output

Tuesday, January 24, 2023, 6:25 AM MST

OPEC+ delegates said they expect an advisory committee of ministers to recommend keeping oil production levels unchanged when they meet…

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Oil outages in Canada disrupt flows to US, global markets

Monday, January 23, 2023, 6:49 AM MST

A flurry of outages across western Canada’s oil patch have disrupted petroleum flows to the US and global markets.  Two…

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US, Allies agree to review Russian crude price cap in March

Monday, January 23, 2023, 6:32 AM MST

Officials from the US and allied nations agreed to undertake a review of the level of the Russian crude price…

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