Latest News Updates From Kevin Crowley

BusinessFuel

Exxon Open to Dialogue With Chevron Over Guyana, CEO Says

Exxon Mobil is open to talking to Chevron about its proposed takeover of Hess as the oil giants spar over the deal’s implications for a massive offshore oil project in Guyana.

March 18, 2024
BusinessTechnologyFuel

Chevron Buys Land for Possible New Facility Outside Houston

Chevron Corp. bought a plot of land the size of almost 60 football fields just outside of Houston in preparation for what could become a new research-and-development campus.

September 5, 2023
BusinessFuel

Exxon Profit Misses Estimates as Natural Gas, Refining Slip

Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit amid weaker natural gas prices and shrinking returns from fuel sales.

July 28, 2023
BusinessTechnologyFuel

Exxon to Build $400 Million Wyoming Carbon-Capture Project

Exxon Mobil Corp. reached a final investment decision on expanding a carbon-capture facility at LaBarge in Wyoming with the $400 million endeavor expected to start up by 2025.

February 25, 2022
BusinessFuel

Chevron Profit Falls Short of Forecasts Despite Oil’s Rally

Chevron Corp. posted disappointing profits after slumping values for some long-held fields hurt the oil giant’s ability to take full advantage of surging energy prices.

January 28, 2022
BusinessTechnologyFuel

Exxon’s Gulf Coast Carbon Hub Gains Support of Energy Titans

An ambitious project aimed at capturing millions of tons of carbon emissions along the U.S. Gulf Coast in Texas garnered the support of some of the world’s biggest refiners and chemical manufacturers.

September 16, 2021
GovernmentBusinessFuel

Chevron CEO Warns of High Energy Prices, Supply Crunches

The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive.

September 16, 2021
BusinessFuel

US Oil Majors Downgraded by S&P on Climate Risk, Earnings

Exxon Mobil Corp., Chevron Corp. and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.

February 12, 2021
BusinessFuel

Exxon Reveals Petroleum Product Emissions Data for First Time

Exxon Mobil Corp. released emissions data on customers’ use of its petroleum products for the first time after coming under pressure from investors.

January 5, 2021
BusinessFuel

Exxon Announces New Emissions Targets After Investor Criticism

Exxon Mobil Corp. announced several new emissions targets and said it would begin publishing pollution information related to customers’ use of its products for the first time, just days after activist investors criticized the oil giant for its environmental record.

December 14, 2020