ExxonMobil Holdings Corp. and Chevron Corp. plowed blowout profits into debt reduction rather than huge buyback increases.

Both Brent and West Texas Intermediate oil prices were down on Friday but still on track for notable monthly gains, Naeem Aslam, CIO at Zaye Capital Markets, outlined.

The decision forms part of BP's ongoing portfolio review and reflects its disciplined approach to capital allocation - all in service of creating a simpler, stronger and more valuable company'.

Saudi Arabia discussed with military representatives of 43 countries the formation of a multinational alliance charged with protecting maritime navigation, hoping to counter a blockade the Houthis ...

“Eni will provide access to its supercomputing capabilities through the provision of AI services, with the aim of developing ...

Shell reported higher earnings for the second quarter as higher oil prices continued to offset its production losses in the ...

The UK's North Sea Transition Authority announced that the carbon storage industry 'has been given a significant boost' with ...

Shipping across the crucial Strait of Hormuz has picked up in recent days despite a continuation of hostilities in the Middle East, with the U.S. claiming its navy escorted some tankers across the ...

Saipem has announced, in statements posted on its website, more than $3 billion worth of contract awards by Eni this month ...

President Donald Trump said the U.S. would hit Iran hard after a recent attack that targeted a military base in Jordan.

In a statement sent to Rigzone this week, Wood Mackenzie said the oil and gas industry is 'cash rich but capital cautious'.