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News Articles: Big Oil

The Marathon Anacortes Refinery.

Tagged as: 

  • Business

How a massive refinery shortage is contributing to high gas prices

Oil refineries have lost capacity over recent years, making it nearly impossible to increase supply and stabilize gas prices at the pump.

June 26, 2022
|
By:
  • Brittany Cronin
A sign for an Exxon-branded gas station stands in Brooklyn, New York, on Oct. 28, 2016. Oil companies enjoyed a surge in profits in the first three months of 2022.

Tagged as: 

  • Business

The good times are rolling for Big Oil. 3 things to know about their surging profits

Major energy companies have reported a surge in profits in the first three months of the year as oil prices have rallied.

May 07, 2022
|
By:
  • Brittany Cronin
A seawall stretches for hundreds of miles along the coast of Guyana, in northern South America. It protects the low-lying coastal lands where the majority of Guyana's population lives. The region is acutely threatened by rising sea levels, as well as other symptoms of climate change, yet Guyana is embracing the oil industry.

Tagged as: 

  • Business

Guyana is a poor country that was a green champion. Then Exxon discovered oil

Guyana, one of South America's poorest countries, is under severe threat by rising seas. That had made it a champion of climate action, but it all changed when ExxonMobil found oil off its waters.

November 07, 2021
|
By:
  • Camila Domonoske and
  • Ryan Kellman
The energy industry was shaken by a trio of events this week that could help shape the future of oil and gas. Here, the sun sets behind two under-construction offshore oil platform rigs in Port Fourchon, La., in 2010.

Tagged as: 

  • Business

The Week That Shook Big Oil

A set of events shook the oil world this week: A tiny shareholder won a battle with Exxon, investors put pressure on Chevron and a Dutch court ordered Shell to slash emissions.

May 28, 2021
|
By:
  • Camila Domonoske
The drilling rig Polar Pioneer outfits for Arctic oil exploration in 2015. A proposed rule from the Trump administration would force banks to offer financing to oil companies, gun-makers and high-cost payday lenders, even if the banks don't want to.

Tagged as: 

  • National

Trump Regulator's Rule Would Force Banks To Lend To Gun-Makers And Oil Drillers

The Trump administration is trying to force banks to make loans to gun-makers and to finance payday lenders. Critics call the move bizarre. It's opposed by watchdog groups and banks.

January 11, 2021
|
By:
  • Chris Arnold
Landfill workers bury all plastic except soda bottles and milk jugs at Rogue Disposal & Recycling in southern Oregon.

Tagged as: 

  • Investigations

How Big Oil Misled The Public Into Believing Plastic Would Be Recycled

An NPR and PBS Frontline investigation reveals how the oil and gas industry used the promise of recycling to sell more plastic, even when they knew it would never work on a large scale.

September 11, 2020
|
By:
  • Laura Sullivan
Pump jacks operate at dusk near Loco Hills in Eddy County, New Mexico, on April 23. U.S. oil producers are grappling with prolonged low oil prices and the uncertainty created by the coronavirus pandemic.

Tagged as: 

  • Business

Oil Industry, Accustomed To Booms And Busts, Is Rocked By Pandemic

When the price of oil crashes, oil companies often merge and big oil gets even bigger. So this crisis could be an opportunity for companies, but it comes with a tremendous amount of uncertainty.

July 16, 2020
|
By:
  • Camila Domonoske

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