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Oil major’s $54bn Gorgon natural gas project has failed to meet targets for capturing CO₂
Acquisitions will allow more room to manoeuvre if energy transition picks up pace
Forecasts show that demand for oil is reaching its peak, so why are US supermajors doubling down?
The two banks are the biggest winners on Wall Street as energy industry bucks M&A downturn
US supermajors open a controversial fossil fuel frontier in one of Latin America’s poorest nations
Quarterly profits at oil group and rival Chevron miss Wall Street expectations
Plus, Orcel strikes his first deal at UniCredit and the crisis at Atos begins to snowball
The $53bn deal has sparked speculation that BP and Shell may feel forced to respond
All-stock deal comes after ExxonMobil acquired Pioneer Natural Resources earlier this month
Chevron is banking on Hess’s output spiking ever upwards in coming years, as it is projected to do
Oil and gas executive says he will defy critics to make a ‘real world’ case for fossil fuels
Civil action seeks damages to help mitigate costs of global warming caused by fossil fuels
News of strikes at liquefied natural gas facilities stoke fears of global supply disruption
10% of world’s liquefied natural gas supply threatened by disruption
Focus likely to return to decarbonisation as supply threat brought by Russia’s invasion of Ukraine recedes
Mike Wirth will remain as chief as supermajor seeks continuity amid volatile energy markets
Annual meeting votes highlight differences between investors at US and European oil companies
World’s biggest sovereign wealth fund attempts to force policy change at US groups despite backing European oil majors
Last year, they rewarded shareholders and paid down debt, now they can afford to go shopping
US oil majors facing weaker energy markets as global economy slows
Inflation Reduction Act’s tax credits include technologies favoured by fossil fuel sector
Energy executives see lasting change in global energy market after Moscow’s invasion of Ukraine
US supermajor falls short of fourth-quarter expectations but reports record annual earnings of $35.5bn
Also in today’s newsletter, Tesla faces weakening grip on the EV market despite record revenues
Five western supermajors forecast to earn $150bn in 2023, down by a quarter from record year
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