Oil and Gas
U.S. could reach deal with Canada that avoids oil and gas tariffs, energy secretary says
HOUSTON — The U.S. could reach an agreement with Canada that avoids tariffs on imports of oil, gas and other energy resources, Energy Secretary Chris Wright said Monday. Wright said such a scenario is “certainly is possible” but “it’s too early to say” in response to a question from CNBC during a press conference at […]
Read More
Saudi oil giant Aramco posts drop in full-year profit, slashes dividend
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi state oil producer Aramco reported on Tuesday a decline in net profit to $106.2 billion in 2024, down from $121.3 billion in 2023. The […]
Read More
Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
The BP logo is displayed outside a petrol station on January 30, 2025 in Warrington, United Kingdom. Nathan Stirk | Getty Images News | Getty Images British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion through 2027 as part of a fundamental strategic reset. The beleaguered […]
Read More
Indonesian prosecutors arrest three Pertamina unit executives over oil imports
Indonesia’s Attorney General’s Office has arrested three executives at units of state-owned energy firm Pertamina on charges of alleged corruption related to oil imports that cost the state $12 billion, a senior official said. Yasuyoshi Chiba | Afp | Getty Images Indonesia’s Attorney General’s Office has arrested three executives at units of state-owned energy firm Pertamina on charges of alleged corruption related to oil imports that cost […]
Read More
Warren Buffett’s Berkshire buys more Occidental after 30% sell-off from record high
In this article OXY BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett’s Berkshire Hathaway purchased more shares of Occidental Petroleum after the oil and gas producer tumbled more than 30% from its record high. The Omaha, Nebraska-based conglomerate scooped […]
Read More
CNBC Daily Open: Tesla wobbles as BYD gets ahead in self-driving and Elon Musk is everywhere
Tesla and SpaceX CEO Elon Musk and U.S. President Donald Trump appear during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images Elon Musk is the world’s richest person, and the leader of Tesla, SpaceX, X, […]
Read More
CNBC Daily Open: Worries over BYD and Elon Musk send Tesla shares down
Tesla and SpaceX CEO Elon Musk delivers remarks alongside U.S. President Donald Trump during an executive order signing in the Oval Office at the White House on Feb. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images Elon Musk is the world’s richest person, and the leader of Tesla, SpaceX, […]
Read More
India’s oil minister says ‘we play by the rules,’ as markets weigh U.S. energy sanctions
India will cooperate with international sanctions, the country’s oil minister told CNBC on Tuesday, as markets eye future U.S. policy under the new administration of President Donald Trump. “We play by the rules. If there is an international sanction, which is anchored, we would not want to go around it or anything,” India’s Minister of […]
Read More
British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset
The BP logo is displayed outside a petrol station near Warminster in Wiltshire, England, on Aug. 15, 2022. Matt Cardy | Getty Images News | Getty Images British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to “fundamentally” reset the embattled energy company’s strategy. The energy firm posted underlying replacement […]
Read More
BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Images BP shares jumped at the market open following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major and could […]
Read More