Sunday, June 8, 2025
Exxon, Chevron face new round of shareholder climate resolutions- oil and gas 360

Exxon, Chevron face new round of shareholder climate resolutions

Reuters LONDON (Reuters) – An activist group is increasing the pressure on five big U.S. and European oil companies with shareholder resolutions urging them to meet the Paris climate goals and cut carbon emissions. Dutch group Follow This is targeting U.S. giants ExxonMobil, Chevron and their European rivals Royal Dutch Shell, BP and Equinor with climate resolutions ahead of next

Weatherford emerges from bankruptcy with $10 billion of support- oil and gas 360

Weatherford emerges from bankruptcy with $10 billion of support

Houston Chronicle Switzerland and Houston-based oilfield service company Weatherford International has emerged from Chapter 11 bankruptcy with roughly $10 billion of financial support. In a Friday morning statement, Weatherford announced that the company emerged from Chapter 11 with $6.2 billion of outstanding funded debt, secured $2.6 billion in exit financing facilities, including a $450 million revolving credit facility, secured a

Goldman Sachs raises 12-month commodity returns forecast- oil and gas 360

Goldman Sachs raises 12-month commodity returns forecast

Reuters Goldman Sachs on Monday raised its 12-month commodity returns forecast by 3% to 6.4% citing an improved outlook for oil after an OPEC-led agreement to curb output further as well as agriculture sector supply concerns. “Policy clarity” after the U.S.-China trade deal and the British elections could trigger commodity demand, analysts at the bank said in a note. “However,