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Among the oil majors, industry leader ExxonMobil has not participated in the early 2025 sector rally. On Tuesday the company lowered its earnings estimates, citing weaker refining profits in the ...
The Texas Oil & Gas Association refutes this claim, citing federally-produced energy data. Other industry reports also refute Biden administration claims, The Center Square previously reported .
BP (NYSE:BP), a global oil and gas company, released its fourth-quarter earnings on Feb. 11, 2025, showing results below expectations. The company reported an EPS of $0.44, which fell short of the ...
If people can be convinced that natural gas is the best possible future, and a large expenditure can be made now for a massive natural gas infrastructure to use natural gas for vehicle fuel, it will be much more difficult to abandon natural gas as a vehicle fuel and move on to newer, less expensive renewable energy sources as they become more ...
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Natural gas production 1973-2022 U.S. natural gas monthly production, imports, and exports Discovered shale gas deposits as of June 2016 Natural gas production by State Natural gas was the United States ' largest source of energy production in 2016, representing 33 percent of all energy produced in the country. [ 1 ]
The oil and gas industry spends only 0.4% of its net sales on research & development (R&D) which is in comparison with a range of other industries the lowest share. [36] Governments such as the United States government provide a heavy public subsidy to petroleum companies , with major tax breaks at various stages of oil exploration and ...
U.S. oil and gas lobbying groups said on Tuesday they were wary of President-elect Donald Trump's threat of tariffs on Canada and Mexico, saying such policies could affect consumers, industry and ...