2022-06-29 - Despite the Hunt family’s famous patriarch—legendary oil tycoon H.L. Hunt—Petro-Hunt LLC’s dealings, including a recent Permian Basin acquisition, remain a family affair.
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.
2022-05-02 - The NOPEC legislation could create unintended negative consequences for the U.S. oil and natural gas industry, while likely having limited impact on the market concerns that drive the bill, the API said in a letter seen by Reuters.
2022-06-15 - Biden wrote to executives from Marathon Petroleum Corp., Valero Energy Corp. and Exxon Mobil Corp. and complained they had cut back on oil refining to pad their profits, according to a copy of the letter seen by Reuters.
2022-06-17 - The meeting will “discuss steps companies can take to increase refining capacity and output and reduce gas prices in the near-term,” an Energy Department spokesperson said.