Lower Natural Gas Prices Squeeze Big Oil's Profits in Q1 2024
U.S. supermajors ExxonMobil and Chevron, as well as France's TotalEnergies, all cited lower natural gas prices as a key downward pressure on earnings
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U.S. supermajors ExxonMobil and Chevron, as well as France's TotalEnergies, all cited lower natural gas prices as a key downward pressure on earnings
The diplomatic flare-up in Latin America reflects the maneuvers of ruling class factions in response to the US-NATO war drive.
UK-based Shell, France’s TotalEnergies, Italy’s Eni, and US firms ConocoPhillips and ExxonMobil are already partners in the $28.75bn NFE project. [Image: QatarEnergy]
While the UK was reducing its overall capital exposure to Malaysia, Malaysia has grown its investments in the UK substantially.
Biden criticized major oil companies for making record-setting profits, while not boosting production enough to lower prices at the pump.