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Aramco Announces $121 Billion Profit Last Year

DUBAI, United Arab Emirates — Saudi oil giant Aramco on March 10 reported it made $121 billion in profit last year, down from its 2022 record because of lower energy prices.

March 11, 2024

Tesla’s Wall Street Fans Turn Squeamish as EV Turmoil Mounts

Tesla Inc.’s support among Wall Street bulls is weakening with the lowest percentage of analysts since April 2021 recommending that investors buy the stock.

March 8, 2024

Rivian Puts Georgia Factory Plans on Pause

Rivian Automotive is pausing plans to build a new multibillion-dollar factory in Georgia, an abrupt reversal aimed at cutting costs while the company prepares to launch a cheaper electric vehicle.

March 7, 2024

Exxon Move May Delay Chevron-Hess Merger

Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after ExxonMobil filed for arbitration to preserve its rights to a massive oil discovery off Guyana.

March 7, 2024

25 States File Suit to Block EPA Rule on Soot Pollution

WASHINGTON — A new EPA rule that sets tougher standards for deadly soot pollution faced a barrage of legal challenges March 6, as 25 Republican-led states filed lawsuits seeking to block it.

March 6, 2024

Schumer Calls on FTC to Probe Wave of Oil Company Mergers

Senate Majority Leader Chuck Schumer called on the Federal Trade Commission to open a full investigation into a wave of acquisitions in the oil and gas industry, arguing that the consolidation threatens competition and could lead to higher prices.

March 6, 2024

Cox Automotive Says Market Conditions Are Ideal for Fleets

NEW ORLEANS — The commercial vehicle market is expected to grow thanks to a supportive economy as certain technologies are adopted within the heavy-duty market, according to research.

March 6, 2024

GM Collaborates to Produce Medium-Duty Hydrogen FCEV Trucks

General Motors' hydrogen fuel cell business is working on a $65 million pilot program for hydrogen-based work site products centered around medium-duty, fuel-cell powered trucks.

March 6, 2024

Uber Partners With Revel to Expand Charging Network

Uber struck a partnership with EV ride-hailing startup Revel Transit to make charging stations in New York more accessible as it inches toward making all trips zero-emission by 2030.

March 6, 2024

Hexagon Agility Plans January Expansion to Meet X15N Demand

NEW ORLEANS — Hexagon Agility plans to expand its manufacturing capacity next year to meet expected demand for Cummins’ upcoming X15N natural gas fueled engine, an executive said March 4.

March 5, 2024