Business

Oil Giants Pump Their Way to Bumper Profits

Exxon Mobil and Chevron, the largest U.S. energy companies, on Friday reported sizable profits for the final quarter of last year, showing that the oil and gas industry remained robust at a time of doubts because of climate change concerns. The companies’ earnings were down from the bonanza year of 2022, when a surge in

READ MORE
Business

The Meme King of Longevity Now Wants to Sell You Olive Oil

“Ready, on three,” Jamie Love said to the group of hikers as they huddled for a photo. “One, two, three …” “Don’t die!” they shouted in unison. The dozen or so strangers were gathered at the foot of Temescal Canyon Trail along the Pacific coast in Los Angeles on a cool Saturday morning in mid-December.

READ MORE
Business

Oil Prices Rise on Saudi and Russian Production Cuts

Saudi Arabia said Monday that it would extend a cut in oil production of one million barrels a day that it announced in June through at least August, trying to push up what officials view as stubbornly weak oil prices. The Saudis were joined by Russia, whose deputy prime minister Alexander Novak said Moscow would

READ MORE
News

Key Environmentalists Back Biden, Despite Broken Oil Promises

Four of the country’s largest environmental organizations said they are endorsing President Biden’s bid for re-election, despite anger from activists over his approval of a string of fossil fuel projects, including an enormous oil drilling plan in Alaska and a natural gas pipeline from West Virginia through Virginia. The League of Conservation Voters, the Sierra

READ MORE
Business

Sunflower Oil ‘Vanishes’ as Ukraine Battle Grinds On

“The disruption of this ubiquitous ingredient will trigger additional pressure on America’s meals system,” he mentioned. And worth will increase “will exacerbate the difficult price surroundings that U.S. corporations have been contending with for the final yr,” Katie Denis, a spokeswoman for the Client Manufacturers Affiliation, mentioned in a report this month. Different nations are

READ MORE