ExxonMobil vs. Google: Profits and Perceptions Explained | OilPrice.com Premium Content By Robert Rapier – Nov 18, 2023, 4:00 PM CST ExxonMobil reported $9.1 billion GAAP earnings with an 11.9% net margin, while Google reported $19.7 billion with a 22.5% net margin. ExxonMobil’s income tax was $20.2 billion in 2022, higher than Google’s $11.4 billion,...Continue Reading

Armenia Turns to Iran To Reduce Energy Dependence on Russia | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Nov 18, 2023, 2:00 PM CST Armenia and Iran’s trade...Continue Reading

By ZeroHedge – Nov 18, 2023, 12:00 PM CST The decline is seen as a “catch-up” to weaker physical markets post-WTI options expiration and reduction in Middle East risk premium. Fundamental indicators like weak margins, continuous OPEC exports, and weaker spread signals contributed to the price drop. Goldman Sachs’ models suggest continued selling by CTAs...Continue Reading

China’s Shift to Renewable Energy Could Curb Emissions Sooner Than Expected | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Nov 18, 2023, 10:00 AM CST China’s carbon...Continue Reading

Government Pressure Mounts for Industrial Decarbonization | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Nov 17, 2023, 6:00 PM CST The U.S. EPA is set to introduce...Continue Reading