Friday, July 11, 2025
Chevron - oil and gas 360

Chevron, Total others slash production, cut assets by $50bn

EnergyMix The world’s five largest oil production companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the COVID-19 pandemic caused a drastic fall in fuel prices and demand. The five majors, which include Chevron Corp, Royal Dutch Shell and Total SA, also cut capital expenditures by a combined

ESG and access to capital - oilandgas360

Bursa Malaysia Publishes ESG Scores of Publicly Listed Companies

Regulation Asia The availability of ESG ratings will help investors and allow listed companies to benchmark themselves against their peers in terms ESG performance, Bursa Malaysia says. Bursa Malaysia – in cooperation with FTSE Russell – is publishing ESG scores of Malaysian public listed companies on its website. “This is part of the continuous efforts to promote and encourage the adoption

Giant Aramco - oil and gas 360

Aramco spending to be significant despite revisions, says MEED

Oil & Gas  Following the news that Saudi Aramco recorded a 73.2% fall in its Q2 profits to $6.6bn, down from the $24.7bn in the same period last year; Indrajit Sen, Oil & Gas Editor at GlobalData’s MEED, offers his view While Saudi Aramco noted it expected its total capital expenditure in 2020 to be at the lower end of

WarrenBuffett -oilandgas360

Berkshire Hathaway Sells Its Oxy Stake

Bloomberg HOUSTON (Bloomberg) –Warren Buffett’s Berkshire Hathaway Inc  sold its  Occidental Petroleum  Corp. common equity in the second quarter, heaping further pressure on one of the worst performers during this year’s historic oil rout. Berkshire had built up the stake in addition to its $10 billion investment in preferred shares last year, which helped fund Occidental’s ill-fated takeover of Anadarko Petroleum