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Advanced researchers and engine makers say the internal combustion engine’s ability to be more efficient and run on greener fuels means an extended life.

Exxon Mobil recorded one of its largest Q2 profits in a decade on surging quarterly production from oil and gas fields, as well its $60 billion acquisition of Pioneer Natural Resources.

The North American Council for Freight Efficiency produced a confidence report to assist fleet decision-makers in making informed choices on whether to switch to natural gas fuel. 

Shares of Chevron Corp. and Hess Corp. plunged after announcing an arbitration hearing with Exxon Mobil Corp. related to their $53 billion merger will be delayed until at least mid-2025.

The Environmental Protection Agency issued an emergency waiver of fuel rules in four Midwest states to address shortages tied to a power outage at an Exxon Mobil Corp. refinery in Joliet, Ill.

Toyota Motor Corp.’s global sales and output fell in the first half with sizable declines in Japan and China canceling out a resurgence of hybrids in North America.

LONDON — Oil giant BP said it will reward shareholders to the tune of $7 billion this year through the purchase of its own stock, even as it reported a 30% decline in profits in the first half of 2024.

The national average diesel price dropped 1.1 cents to $3.768 a gallon, according to U.S. Energy Information Administration data released July 29.

The Biden administration announced July 29 it has purchased 4.65 million barrels of crude oil for the nation’s emergency cache as it continues refilling the depleted reserve.