Kevin Crowley

Business, Technology, Fuel

Exxon to Build $400 Million Wyoming Carbon-Capture Project

Exxon sign Mark Humphrey/Associated Press

Exxon Mobil Corp. reached a final investment decision on expanding a carbon-capture facility at LaBarge in Wyoming with the $400 million endeavor expected to start up by 2025.

Kevin Crowley | Bloomberg News
February 25, 2022
Business, Fuel

Chevron Profit Falls Short of Forecasts Despite Oil’s Rally

Chevron flag

Chevron Corp. posted disappointing profits after slumping values for some long-held fields hurt the oil giant’s ability to take full advantage of surging energy prices.

Kevin Crowley | Bloomberg News
January 28, 2022
Business, Technology, Fuel

Exxon’s Gulf Coast Carbon Hub Gains Support of Energy Titans

Exxon’s Gulf Coast Carbon Hub Gains Support of Energy Titans Exxon Mobil Corp. signage is displayed at a gas station in Richmond, Ky. (Luke Sharrett/Bloomberg)

An ambitious project aimed at capturing millions of tons of carbon emissions along the U.S. Gulf Coast in Texas garnered the support of some of the world’s biggest refiners and chemical manufacturers.

Kevin Crowley | Bloomberg News
September 16, 2021
Government, Business, Fuel

Chevron CEO Warns of High Energy Prices, Supply Crunches

Chevron CEO Warns of High Energy Prices, Supply Crunches Chevron CEO Mike Wirth. (Christopher Goodney/Bloomberg)

The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive.

Kevin Crowley | Bloomberg News
September 16, 2021
Business, Fuel

US Oil Majors Downgraded by S&P on Climate Risk, Earnings

Exxon Richard Drew/Associated Press

Exxon Mobil Corp., Chevron Corp. and ConocoPhillips had their credit ratings lowered after S&P Global Ratings followed through on its recent warning and revised the industry’s risk profile due to climate change and weak earnings.

Kevin Crowley | Bloomberg News
February 12, 2021
Business, Fuel

Exxon Reveals Petroleum Product Emissions Data for First Time

Vehicles refuel at an Exxon Mobil Corp. gas station in Houston on Oct. 28. (Callaghan O'Hare/Bloomberg News) Vehicles refuel at an Exxon Mobil Corp. gas station in Houston on Oct. 28. (Callaghan O'Hare/Bloomberg News)

Exxon Mobil Corp. released emissions data on customers’ use of its petroleum products for the first time after coming under pressure from investors.

Kevin Crowley | Bloomberg News
January 5, 2021
Business, Fuel

Exxon Announces New Emissions Targets After Investor Criticism

Exxon logo Andrew Harrer/Bloomberg

Exxon Mobil Corp. announced several new emissions targets and said it would begin publishing pollution information related to customers’ use of its products for the first time, just days after activist investors criticized the oil giant for its environmental record.

Kevin Crowley | Bloomberg News
December 14, 2020
Business, Fuel

Exxon Warns of $30 Billion Shale Writedown Amid Record Loss

Signage at an Exxon gas station in Houston on Oct. 28. Callaghan O'Hare/Bloomberg News

Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields as crashing energy demand and prices spurred a historic losing streak.

Kevin Crowley | Bloomberg News
October 30, 2020
Business, Fuel

US Oil Production Has Already Passed Its Peak, Occidental Says

The silhouette of a contractor is seen walking up stairs at an oil rig site in Colorado. (Jamie Schwaberow/Bloomberg News)

America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp.

Kevin Crowley | Bloomberg News
October 14, 2020
Business, Fuel

Chevron Overtakes Exxon Mobil as America’s Largest Oil Company

Gas flares at a Chevron plant in Port Arthur, Texas, on Aug. 25, before Hurricane Laura made landfall. Gas flares at a Chevron plant in Port Arthur, Texas, on Aug. 25, before Hurricane Laura made landfall. (Luke Sharrett/Bloomberg News)

Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.

Kevin Crowley | Bloomberg News
October 7, 2020

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