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US Shale Producer EOG Resources Sticks to 4% Annual Output Growth
2022-08-05 - “Oilfield service capacity remains extremely tight and is further constrained by the limited availability of materials and experienced labor,” EOG Resources COO Billy Helms told investors.
Oil Dives as US Inflation Data Surges; China Imposes Lockdowns
2022-06-10 - Oil prices sank along with Wall Street stocks after news that U.S. consumer prices accelerated in May. Gasoline prices have hit a record high and the cost of food has soared, leading to the largest annual increase in about 40 years
Woodside Sees Slim Risk of Big Share Selloff by BHP Investors
2022-05-17 - There have been concerns that investors who own BHP shares but do not currently hold Woodside may seek to dump the Woodside shares they will be issued in the deal.
Facing Record Inflation, Biden Takes Aims at Exxon Mobil, Other Oil Companies
2022-06-10 - “Exxon made more money than God this year,” Biden said in a speech to dockworkers and union representatives at the Port of Los Angeles. U.S. oil companies are not using profits to drill more but to buy back stock, he added.
API Urges Biden to Restore US Energy Leadership with New Policy Plan
2022-06-14 - In a letter to Biden, API President and CEO Mike Sommers urged the administration to act immediately to implement the 10 energy policies proposed by the trade group.