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Shell CEO Says Pursuing Major Deal Brings Risk of Distraction

Shell Plc CEO Wael Sawan said the UK energy company will continue to look for potential acquisitions but warned of the risks inherent in pursuing a major deal.

March 25, 2025

Elliott Files Lawsuit Against Phillips 66; Board Fight Looms

Elliott Investment Management filed a lawsuit against Phillips 66 and its board of directors to require four seats be up for election this year.

March 25, 2025

Shell Bets Big on LNG

Shell Plc said it would boost investor returns through the end of this decade by reinforcing its position as the world’s top trader of liquefied natural gas.

March 25, 2025

Daimler Truck Ramps Up Testing of Hydrogen Fuel Cell Truck

Daimler Truck’s heavy-duty hydrogen fuel cell electric truck ambitions took another step forward in recent weeks, as testing of the prototype Mercedes-Benz GenH2 Truck ramped up.

March 24, 2025

Diesel Price Rises 1.8¢ After Three Declines

Diesel’s national average price ticked up 1.8 cents to $3.567, according to U.S. Energy Information Administration data released March 24.

March 24, 2025

US Extends Chevron’s Deadline to Wrap Up Venezuela Operation

The Trump administration extended Chevron’s deadline through May 27 to halt its operations in Venezuela, following lobbying efforts by the Texas-based oil giant.

March 24, 2025

Trump: Nations That Buy Venezuelan Oil Will Face 25% Tariff

WASHINGTON — President Donald Trump said he would be placing a 25% tariff on all imports from any country that buys oil or gas from Venezuela as well as imposing new tariffs on the country itself.

March 24, 2025

Exxon, Trafigura Protest Colonial Pipeline Changes

Commodities trading giant Trafigura joined oil majors Exxon Mobil and Chevron in protesting operational changes to Colonial Pipeline’s 5,500-mile fuel network.

March 21, 2025

BP to Sell Gas Pipeline Stake to Apollo Funds for $1 Billion

BP said Apollo-managed funds will purchase a 25% noncontrolling stake in BP Pipelines for about $1 billion, marking the British energy giant’s first divestment under its turnaround plan.

March 21, 2025

Congress to Review DOT Nominees, Trump’s Budget Plan

Members of Congress return to Washington the week of March 24 to consider senior officials for Department of Transportation agencies and President Donald Trump’s budget and tax plan.

March 20, 2025