What is driving Shell to recalibrate its energy strategy is not just its massive profits in 2022, but also a determination to increase value to underpin higher shareholder distributions and close the valuation gap with its US rivals, Chevron and ExxonMobil. [Gas in Transition, Volume 3, Issue 7]
Even President Joe Biden has some regrets about the name of the Inflation Reduction Act. As the giant law turns 1, it s increasingly clear that immediately curbing prices wasn t the
Shale producers Pioneer Natural Resources Co and Devon Energy Corp on Tuesday tightened budgets and warned of lower drilling and completions activity in coming months after a drop in oil and gas prices slashed their second-quarter profits.