ConocoPhillips Financial News

Subscribe to enjoy similar stories. When Venezuela booted out American oil companies in a nationalization campaign nearly two decades ago, China stepped in. Now, Beijing’s foothold there is in doubt as the U.S.

The Biden administration has given approval for the sale of oil and gas leases in Alaska, leaving the door open for drilling in a portion of the pristine Arctic National Wildlife Refuge

Reports from the North Dakota Fire Marshal's office say flares from natural gas at oil wells sparked two North Dakota wildfires earlier this fall

Chevron Corp. has agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for US$6.5 billion.

Arch Resources and Consol Energy are combining to form a single coal producer valued at more than $5 billion

American Petroleum Institute CEO Mike Sommers discusses the country's energy independence and lawsuits against Biden's EV mandates.

Chevron Corp., Shell Plc, BP Plc, TotalEnergies Se, ConocoPhillips and Eni SpA? How about Tongwei Co., GCL Technology Holdings Ltd., Xinte Energy Co., Longi Green Energy Technology Co., Trina Solar Co., JA Solar Technology Co., and Jinko Solar Co.? If the former names are familiar giants and the latter obscure, you might want to rethink how you look at the companies that provide the world with energy. On a reasonable accounting of things, the latter are just as significant — if not more so — than the powerhouses of petroleum.

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices soar and big oil companies reap massive profits

Stocks that are trading heavily or have substantial price changes on Wednesday: American Airlines, Advance Auto Parts fall; Chewy, Dick’s Sporting Goods rise

ConocoPhillips agreed to acquire Marathon Oil Corp in an all-stock deal valuing the company at about $17 billion, extending a major buying spree among the largest players in the oil and gas industry in the United States. The move expands ConocoPhillips' footprint in domestic shale fields from Texas to North Dakota and hands the company reserves as far afield as Equatorial Guinea. It adds to a wave of recent megadeals as producers seek new drilling sites on a bet that oil and gas demand will remain robust for years to come.

West Australian Premier Roger Cook says his state is the ideal place to store much of the world’s carbon emissions, and must capitalise on its natural advantages to become a global carbon storage hub.

A federal judge has upheld the Biden administration’s approval of the Willow oil-drilling project on Alaska’s remote North Slope, a massive project that drew the ire of environmentalists who accused the president of backpedaling on his pledge to combat...

Investing.com — The Dow closed higher Friday, wrapping up the week with its biggest weekly gain this year as a weaker-than-expected jobs report stoked hopes that Federal Reserve rate hikes are now in the rearview mirror, pushing Treasury yields sharply lower.

Investing.com — US stock futures were steady within a tight range during Wednesday's evening deals, with investors digesting the Federal Reserve’s policy decision ahead of the latest batch of corporate earnings reports.

Qatar has agreed to supply British firm Shell with natural gas for 27 years, the Gulf emirate's state-owned energy company announced on Wednesday. Since Moscow's invasion of Ukraine last year, European countries have scrambled to replace lost deliveries of natural gas from Russia. Qatar will supply 3.5 million tonnes of gas a year under the deal, QatarEnergy said, following two agreements with Shell for a share of the Gulf state's huge North Field gas expansion project. «We are delighted to sign these two long-term LNG sale and purchase agreements with Shell that will further enhance our decades-long relationship and strategic partnership in Qatar and around the world,» Qatari Energy Minister Saad al-Kaabi said. «These agreements reaffirm Qatar's commitment to help meeting Europe's energy demands and bolstering its energy security with a source known for its superior economic and environmental qualities,» he added, In October last year, Shell inked a deal with QatarEnergy for a 9.4 percent stake in Qatar's North Field South project, the second phase in the expansion of the world's largest gas field, which extends under the Gulf into Iranian territory. In July the same year it also agreed to a 6.25 percent share in the first phase of the expansion, North Field East. Deliveries of the liquefied natural gas (LNG) to Rotterdam are expected to begin in 2026. The deal with Shell is equal in length to an agreement with France's TotalEnergies announced earlier this month for a 27-year supply of natural gas. Under its North Field expansion, Qatar is set to raise its output of liquified natural gas (LNG) by 60 percent or more to 126 million tonnes a year by 2027. The main market for Qatari gas has traditionally been

By David French and Anirban Sen

President Joe Biden's administration has proposed up to three oil and gas lease sales in the Gulf of Mexico over the next five years but none in Alaska

Lawsuits that aim to hold major players in the fossil-fuel industry responsible for climate change are entering a critical phase, as several state courts this fall are considering whether the cases can move forward. Several states including Delaware, Massachusetts, New Jersey and Rhode Island, and dozens of municipal governments, have accused the world’s largest energy companies of playing down the industry’s contributions to climate change. The lawsuits, some of which date to 2017, seek financial damages based on claims that range from public nuisance and negligence to consumer deception and racketeering.

(Reuters) -The state of California has sued major oil companies including Exxon Mobil Corp (NYSE:XOM), Shell PLC (LON:SHEL), and Chevron Corp (NYSE:CVX), accusing them of playing down the risks posed by fossil fuels, according to a court filing on Friday.

The Biden administration has canceled the remaining seven oil and gas leases in Alaska’s Arctic National Wildlife Refuge, overturning sales held in the Trump administration’s waning days and angering Republicans

Royal Bank of Canada hired Credit Suisse Group AG banker Tim Perry, people with knowledge of the matter said.