The oil and gas giant's profits reached US$14 billion, angering climate advocates as the corporation continues to grow its fossil fuel business while pulling back on low-carbon alternatives.
Oil Change International graded the plans of eight major oil corporations and found all of them are failing to meet their much-publicized climate pledges — with American firms receiving "worst of the worst" reviews.
Former president Donald Trump's ask for $1 billion in campaign donations from Big Oil seems a small price to pay to preserve the tax loopholes that his presidential opponent, Joe Biden, has indicated he intends to close.
The world’s five largest listed oil companies have made profits of more than a quarter of a trillion dollars since Russia’s invasion of Ukraine led to dramatic increases in energy prices and household bills.
The company hopes to stop investors voting on a motion put forward by Follow This, a Dutch green activist investor group, which called for Exxon to accelerate its attempts to cut greenhouse gas emissions.
An investigation into false advertising by Shell Canada has been closed after the company stopped a campaign which encouraged customers to fund carbon-offset projects at the fuel pump.
At least 1,300 employees of organizations representing fossil fuel interests registered to attend this year's United Nations climate talks in Dubai, more than three times the number found in an Associated Press analysis of last year's talks, as new rules took effect requiring attendees to disclose their employment.
MPs on the federal natural resources committee want Suncor CEO Rich Kruger to answer questions after Kruger indicated the oil giant must lessen its focus on energy transition to ensure maximum profitability.
Energy giant BP said on Tuesday it earned nearly $2.6 billion in the second quarter, almost half what it posted in the first three months of the year as oil and natural gas prices that surged after Russia's invasion of Ukraine have fallen.
As Ottawa rolls out a suite of climate policies, fossil fuel giant Shell sought a meeting to find out if a massive LNG expansion plan makes sense, documents obtained by Canada's National Observer reveal.
Shell reported on Thursday that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year as energy prices have plunged.