Companies including
Chevron Corp.
,
Quest Diagnostics Inc.
and Ernst & Young LLP are pushing to narrow proposed cybersecurity rules from the Securities and Exchange Commission…
Activist hedge fund Third Point LLC told clients it has increased its stake in
Shell
SHEL -3.24%
PLC and is still pushing the oil giant to restructure, six months…
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers are standing pat, or even letting production decline, and instead are handing investors cash.Much of the U.S. shale…
BP
BP 0.49%
PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings, including its stake in government-controlled oil…
Big oil companies are continuing to reap the benefits of high commodity prices but aren’t backing off plans to reward investors while keeping production roughly flat.
Exxon
XOM -1.02%…
DUBAI—State oil giant Saudi Aramco said Sunday its 2021 net profit more than doubled to $110 billion, a boon to the Middle East’s largest economy as it seeks to use its hefty profits for investment opportunities domestically and abroad.The…
Western oil giants spent decades building inroads to Russia’s fossil-fuel wealth. Those collaborations collapsed in days following Russia’s invasion of Ukraine, leaving them with no clear path to recoup billions of dollars.Even as Russian…
Companies that divest from their Russian holdings will have to book hefty write-downs and face complex accounting judgments, experts say.Businesses including
BP
PLC,
Shell
PLC and…
The moves were wide ranging and reflected several dynamics that have played out since Russian President
Vladimir Putin
invaded Ukraine last week. Some companies have signaled they wanted to take a stand…
BP
BP -6.35%
PLC’s abrupt unwinding of Russia ties that were 30 years in the making shows the mounting risks Western companies face doing business there—and the mess they can face getting…