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Higher Oil Prices Boost ExxonMobil, Chevron Earnings

US petroleum giants ExxonMobil and Chevron reported big jumps in second-quarter profits Friday, the latest boost from a...

Headlines

Trump Taps Jon Huntsman As US Ambassador To Russia

President Donald Trump has tapped veteran diplomat and former Utah governor Jon Huntsman as ambassador to Russia, the...

Headlines

Dow At Record, European Stocks Up As Yellen Pledges Gradual Rate Hikes

European and US stocks scored solid gains Wednesday, with the Dow ending at a fresh record, as investors welcomed...

Headlines

US Stocks Pressured By Weak Oil Shares

Petroleum-linked shares tumbled early Wednesday, on lower oil prices, pressuring US stocks, while some big technology...

Headlines

US Dollar Rebounds While Global Stocks Post Gains

Rising oil prices and investor appetite for financial stocks helped boost most major US and European equities on Monday...

News

Ten Years After Commercial Discovery of Oil In Ghana

Ten years ago this month when the announcement of commercial discovery of crude oil in Ghana was made, the price of a...

Headlines

Chevron Prevails In Ecuador Pollution Battle At US Supreme Court

Oil giant Chevron prevailed in a long-running legal battle over pollution in Ecuador, with the US Supreme Court...

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Chad Settles Tax Dispute With Foreign Oil Firms

Chad, one of the countries hardest hit by the drop in oil prices, announced that it would seek to diversify its economy...

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US States, Cities and Firms Unite Behind Paris Accord

Democratic state governors, city mayors and powerful companies united Friday in defiance of President Donald Trump's...

International

Trump’s Climate Decision Comes Under Fire From Business Leaders

US coal producers welcomed President Trump's decision on Thursday to pull the US out of the Paris climate deal. But the...

Headlines

Elon Musk Says Quitting White House Advisory Panels

Tesla founder Elon Musk on Thursday confirmed he would quit White House business panels in reaction to President Donald...

Headlines

Putin Hosts Modi At Russia’s Economic Showcase

Russian President Vladimir Putin hosts Indian premier Narendra Modi on Thursday on the sidelines of the Kremlin's...

Headlines

With Or Without Trump, US Businesses Moving On Climate

President Donald Trump may be dragging out his decision on whether to ditch the Paris climate agreement, but major...

Headlines

ExxonMobil Faces Climate Showdown At Annual Meeting

ExxonMobil's controversial stance on climate change will be back in the spotlight Wednesday when shareholders vote on...

Headlines

Wall Street Forges Higher Despite Oil Market’s Glum Mood

Buoyant trading in New York saw Wall Street set fresh records on Thursday, with US stocks recording their sixth...

International

Oil Price Tumbles To Five-Month Low

The oil price has fallen to a five-month low as investor concerns resurface about a worldwide glut. Brent crude dropped...

International

BP Profits Helped By Higher Oil Prices

The recent increase in oil prices has helped BP to record a healthy profit for the three months to March. The $1.4bn...

Headlines

Oil Earnings Surge But Some Question Skimpy Investment

Rising crude prices drove huge profits for US oil industry giants, but key figures in the sector have raised concerns...

Headlines

Chevron Faces Big Australia Tax Bill After Court Loss

Energy giant Chevron on Friday lost its appeal in major battle against a Aus$269-million (US$203 million) tax bill in a...