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US oil giants ExxonMobil, Chevron report huge profits in tight energy market
Business

US oil giants ExxonMobil, Chevron report huge profits in tight energy market

The results show how the surge in crude prices in the aftermath of Russia's invasion of Ukraine has boosted the industry by lifting crude prices, as well as natural gas prices due to Europe's mobilization to offset lost natural gas imports from Russia

ExxonMobil, Apple, Boeing, Visa, Mastercard, Amex latest giants to cut ties with Russia
World

ExxonMobil, Apple, Boeing, Visa, Mastercard, Amex latest giants to cut ties with Russia

The moves, in diverse industries, highlight the rising economic toll on Russia after its assault on Ukraine unleashed massive sanctions across Western governments.

BPCL, Air India privatisation: Govt to go ahead with disinvestment of PSUs despite opposition, protests
Business

BPCL, Air India privatisation: Govt to go ahead with disinvestment of PSUs despite opposition, protests

Air India is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.

Govt gives go-ahead to biggest privatisation drive; to sell stake in BPCL, SCI, Concor to help bridge a widening fiscal gap
Business

Govt gives go-ahead to biggest privatisation drive; to sell stake in BPCL, SCI, Concor to help bridge a widening fiscal gap

In the biggest privatisation drive-ever, the Union Cabinet on Wednesday approved sale of government's stake in blue-chip oil firm BPCL, shipping firm SCI and onland cargo mover Concor

BPCL stake sale: Indian Oil likely to bid for govt's share in absence of global players
Business

BPCL stake sale: Indian Oil likely to bid for govt's share in absence of global players

The government has 53.3 percent stake in the BPCL which the bidders may buy either on their own or through a consortium.

BPCL privatisation: Saudi Aramco, Rosneft, ExxonMobil among global energy companies likely to bid for govt's stake in state-run oil firm
Business

BPCL privatisation: Saudi Aramco, Rosneft, ExxonMobil among global energy companies likely to bid for govt's stake in state-run oil firm

Privatisation of BPCL will not just shake up the fuel retailing sector long dominated by state-owned firms but also help meet at least a third of the government's Rs 1.05 lakh crore disinvestment target.

Oil-water mix of 3,200 gallons spilled off Canadian island into Atlantic Ocean, efforts to minimize environmental impact underway
World

Oil-water mix of 3,200 gallons spilled off Canadian island into Atlantic Ocean, efforts to minimize environmental impact underway

An oil platform off the Canadian island of Newfoundland spilled nearly 3,200 gallons of an oil-water mix into the Atlantic Ocean, and efforts were underway to minimize the environmental impact, ExxonMobil said on Thursday.

Papua New Guinea earthquake: Death toll rises to 67 as blocked roads, power outages hinder recovery efforts
World

Papua New Guinea earthquake: Death toll rises to 67 as blocked roads, power outages hinder recovery efforts

At least 67 people were killed by a earthquake that devastated Papua New Guinea's remote highlands last week, the Red Cross said, leaving thousands homeless

Powerful 7.5 magnitude earthquake hits Papua New Guinea, disrupts communications, oil and gas operations
World

Powerful 7.5 magnitude earthquake hits Papua New Guinea, disrupts communications, oil and gas operations

The quake hit Papua New Guinea's mountainous interior and US scientists said there was no tsunami threat.

US may impose sanctions against Venezuela's oil sector, but remains wary of effect on country's people
World

US may impose sanctions against Venezuela's oil sector, but remains wary of effect on country's people

The United States said on Sunday it has not ruled out sanctions on Venezuelan oil as it turns the screw on President Nicolas Maduro, but is wary of hurting the country's people.

Donald Trump swears in ExxonMobil chief Rex Tillerson to lead US State Dept
World

Donald Trump swears in ExxonMobil chief Rex Tillerson to lead US State Dept

Former ExxonMobil chief executive Rex Tillerson was sworn in Wednesday to take charge of a US State Department simmering with opposition to President Donald Trump's refugee ban.

ExxonMobil CEO Rex Tillerson faces test to translate business acumen to diplomacy
World

ExxonMobil CEO Rex Tillerson faces test to translate business acumen to diplomacy

Propelled to the position of the Secretary of State to "undo" years of American foreign policy "blunders and disasters", ExxonMobil CEO Rex Tillerson now faces the biggest challenge of his life to translate his business acumen to international diplomacy.

Donald Trump's pick Rex Tillerson experienced in handling Russia, say reports
World

Donald Trump's pick Rex Tillerson experienced in handling Russia, say reports

ExxonMobile CEO Rex Tillerson, President-elect Donald Trump's apparent choice to lead the State Department, has ample experience in dealing with other nations, but strictly as a businessman, not a diplomat.

Donald Trump to nominate ExxonMobil CEO Rex Tillerson for Secretary of State: Reports
World

Donald Trump to nominate ExxonMobil CEO Rex Tillerson for Secretary of State: Reports

President-elect Donald Trump has tapped ExxonMobil chief Rex Tillerson as his secretary of state, US media reported late on Monday.

Carmakers and Oil firms are debate of the shift to electric vehicles and demand for oil
News & Analysis

Carmakers and Oil firms are debate of the shift to electric vehicles and demand for oil

Many carmakers are predicting a significant shift to electric vehicles in the next decade. Advances in battery technology and the growth of autonomous driving and ride sharing - suited to electric vehicles - will power this expansion, they reason.

Interview: Pablo Conrad, global brand manager, ExxonMobil talks about challenges
Auto

Interview: Pablo Conrad, global brand manager, ExxonMobil talks about challenges

ExxonMobil considers India to be an important market and have identified opportunities for growth

ExxonMobil selected as authorised supplier for Tata Hitachi
Auto

ExxonMobil selected as authorised supplier for Tata Hitachi

Tata Hitachi to use ExxonMobil lubes for its fleet of off-highway equipment

Mobil Super 4T 20W-40 motorcycle engine oil launched in India for Rs 307
Auto

Mobil Super 4T 20W-40 motorcycle engine oil launched in India for Rs 307

Claims to increase engine life, improved wet-clutch performance and prevent deposit formation

Walmart leads Fortune 500 list, Facebook surges in rankings
World

Walmart leads Fortune 500 list, Facebook surges in rankings

Walmart kept its lock on the top ranking of the Fortune 500 annual list of the largest US companies today, while Apple was the most profitable and Facebook the most upward-bound, Fortune Magazine announced.

Cairn India is fastest growing energy firm: Platts
Business

Cairn India is fastest growing energy firm: Platts

Of the 12 Indian companies in the global Top 250 rankings, half appeared on the 50 Fastest Growing list, which included Reliance Industries, Coal India, Indian Oil Corp and Gail, Platts said.