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Oil majors rejigger portfolios with $30-per-barrel price in mind

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

United statesSaudi arabiaNorth seaOceans generalWood mackenziePeter mcnallyPierre breberKathryn mikellsAlex beekerExxon mobilSaudi aramcoOccidental petroleumThird bridgeExxon chief financial officer kathryn mikellsGreat depression

Oil majors reshape portfolios with $30-per-barrel price in mind

The shift to fields with favourable break-even points follows deeper and more frequent boom-cycles in the last decade

United statesNorth seaOceans generalSaudi arabiaWood mackenzieAlex beekerKathryn mikellsPeter mcnallyPierre breberOccidental petroleumExxon mobilSaudi aramcoLog increate freeThird bridgeExxon chief financial officer kathryn mikellsGreat depression

Oil majors rejigger portfolios with $30-per-barrel price in mind

Oil majors are targeting new oilfields that can be profitable even if oil prices fall to about $30 per barrel, using a third year of rising demand to reshape portfolios amid uncertainty over the.

United statesNorth seaOceans generalSaudi arabiaMatthew lewisAlex beekerKathryn mikellsWood mackenzieSabrina vallePeter mcnallyPierre breberExxon mobilOccidental petroleumSaudi aramcoThird bridgeExxon chief financial officer kathryn mikells

Exxon is criticised by the White House for their past $56 billion annual profit

The $56 billion record net profit for Exxon Mobil Corp. in 2022, a record high for the business and the whole Western oil sector

United statesWhite houseDistrict of columbiaKathryn mikellsJoe bidenExxon mobil corpExxon mobilPresident joe bidenVice president bidenMobil corpExxon chief financial officer kathryn mikells

Exxon tries to block new EU windfall tax on oil companies

The US oil giant argues Brussels went beyond its legal authority by imposing the levy.

Bruxelles capitaleCasey nortonKathryn mikellsExxon mobilEuropean unionFinancial timesEuropean cooperationExxon chief financial officer kathryn mikells

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