The oil company sent investors $9.1 billion last year via dividends and share repurchases. Based on current commodity prices, ...

Wyoming’s oil production has been rebounding since March 2023. However, the rebound was impacted by the January 2024 storm.

Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.

That investment will grow output from its highest-margin assets, which will increase its earnings and free cash flow. Exxon also plans to deliver a cumulative $18 billion in cost savings by the end of ...

Exxon Mobil’s stock gained ground after quarterly profit and free cash flow beat expectations, and production rose, while ...

Net production ... oil-equivalent barrels per day from the previous quarter. And for the full year, Exxon said production of 4.3 moebd was up 15.9% from 2023, and "at the highest level in over 10 ...

Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25% this year ...

Brazilian state-run oil giant Petrobras reported on Monday a 10.5% decrease in its total fourth-quarter oil and gas production from a year earlier, while also experiencing lower sales and exports.

Growth next year is expected to only be slightly less. “We’re getting more for every dollar we’re spending,” says chief ...

Petrobras increased its proven oil and gas reserves by 500 million barrels in 2024 and plans to invest $111 billion in exploration and production over the next five years.

The industry has pushed in recent years to drive down costs and increase production by ... in the same quarter last year. The company signaled last month that lower oil refining profits and ...