ExxonMobil and Chevron share a $100 billion profit pool

US oil giants ExxonMobil and Chevron are expected to post record profits of nearly $100 billion by 2022, the business daily reported. Financial Times. According to data from information provider S&P Capital IQ on which Financial Times report, Chevron earned at least $37 billion last year, Exxon at least $56 billion. Both companies have yet … Read more

Putin signs presidential decree in response to Western oil price cap

Share on WeChat Open WeChat, click “Discovery” below,Use “scan” to share the webpage to Moments. Economic news in China 2022-12-28 12:45:16 Responsible editor: Zhu Mengyun On the 27th, Russian President Vladimir Putin signed a presidential decree, adopting special economic measures against the price ceiling imposed by the West on Russian oil and petroleum products. According … Read more

Russia will not sell oil at prices set by the West

Russian Finance Minister Anton Siluanov has not ruled out the possibility of Russia limiting oil production. He was adamant that the decision of the Russian Federation not to supply oil at prices determined by the West is a matter of principle… This was reported by the TASS news agency. We will not supply oil under … Read more

Oil giant Shell pays 15 million in damages for oil spills in Nigeria

Oil group Shell and Dutch interest group Milieudefensie have reached an agreement to deal with several oil spills in Nigeria. As part of that deal, Shell has to pay fifteen million euros to stakeholders in the African country, including local communities. Shell settles for fifteen million euros in the event of oil spills in Nigeria. … Read more