Post Tagged with: "US oil firms"

Source: Nasdaq

Exxon faces proxy fight launched by new activist firm Engine No. 1


A new investment firm is taking aim at one of corporate America’s most iconic brands and pressing energy giant Exxon Mobil Corp XOM.N to overhaul itself by focusing more on clean energy to improve its financial performance.

Engine No. …

FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford/File Photo

OPEC, U.S. oil firms expect subdued shale rebound even as crude prices rise


LONDON/HOUSTON  – OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC and its allies.

OPEC this month cut …