Oil (Petroleum) and Gasoline Category

April 10, 2019

More than 3,500 Amazon Employees Urge Bold Action on Climate Change

They say Amazon should stop offering custom cloud computing services that help the oil and gas industry explore for and extract more fossil fuels.

April 8, 2019

Demand for Saudi Aramco Bonds Sails Past the Goal

Despite concerns about the company’s ties to Saudi Arabia and Crown Prince Mohammed bin Salman, Aramco is the world’s most profitable company, and investors want a piece of it.

April 8, 2019

Blamed for Climate Change, Oil Companies Invest in Carbon Removal

Chevron, Occidental Petroleum and BHP have invested in Carbon Engineering, a start-up developing technology to take carbon out of the atmosphere.

April 1, 2019

Saudi Aramco Is World’s Most Profitable Company, Beating Apple by Far

Earnings at Saudi Arabia’s giant oil company, at $111 billion last year, far outstripped the profits of giant tech companies or rival oil producers.

April 1, 2019

China Purchases Could Undercut Trump’s Larger Trade Goal

A trade deal could result in China promising to buy hundreds of billions of dollars of American products. It could further cement Beijing’s role in the economy.

March 28, 2019

Wow Air, an Icelandic Budget Airline, Suspends Service

Efforts to raise money had failed, prompting the company to cease all flights on Thursday morning.

March 28, 2019

DealBook Briefing: Saudi Arabia Wanted Cash. Aramco Just Obliged.

Saudi Arabia’s giant oil company announced yesterday that it had bought 70 percent of the kingdom’s state-controlled petrochemical company for $69 billion.

March 27, 2019

Saudi Aramco to Buy $69 Billion Stake in Petrochemical Company

The oil company’s investment in Sabic will infuse money into a Saudi sovereign wealth fund after a planned initial public offering of Aramco faltered.