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Oil industry

A turnaround for oil companies?

by Scott Tong
Feb 1, 2019
Some investors are optimistic that Big Oil has been able to ride out the plummeting prices of late last year.
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Growth in oil and gas demand may not be dominated by cars

by Scott Tong
Oct 5, 2018
When we report on the world’s thirst for energy, we often miss something: chemicals made from oil and gas. A new report Friday finds petrochemical demand in the world is surging for things like synthetic rubber, packaging, fertilizer and detergents. In the long run, chemicals may be a bigger driver of world oil demand than […]
A petrochemical facility is shown after Hurricane Ike made landfall September 13, 2008 in Deer Park, Texas. 
David J. Phillip-Pool/Getty Images
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U.S. oil companies take cautious approach despite higher prices and demand

by Renata Sago
Apr 27, 2018
With the U.S.-based oil giants Chevron Corp. and Exxon Mobil Corp. scheduled to release their first quarter 2018 earnings Friday morning, we look at the state of the oil industry. Companies are reaping the benefits from higher oil prices and demand. But what is big oil investing in these days, with an eye toward the future? Click […]
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Oil boom cheers Texas town, but some worry about education

by Andy Uhler
Apr 25, 2018
Midland, Texas, is doing well with high oil prices but having trouble retaining teachers for its public schools.
A state-of-the-art Midland Public Library was built using sales tax money.
Filipa Rodrigues/Marketplace
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Midland, Texas, is booming as oil prices rise

by Andy Uhler
Apr 24, 2018
Times are good in the Permian Basin, but schools and roads still need improvement.
Workers on an oil rig in Midland, Texas, part of the Permian Basin, where output has tripled in the past three years.
Filipa Rodrigues/Marketplace
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High prices for crude give oil producers something to think about

by Erika Beras
Feb 2, 2018
Domestic production is at record levels and reducing the need for foreign imports
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The White House was busy while you weren't looking

by Shaheen Ainpour
Jan 3, 2018
President Trump issued a slew of regulatory rollbacks over the holidays.
President Donald Trump cuts red tape tied between two stacks of papers representing the government regulations of the 1960s, left, and the regulations of today at the White House on Dec. 14, 2017.
SAUL LOEB/AFP/Getty Images
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Weather Economy

As Hurricane Harvey bears down on Texas, oil refineries are shutting down

by Kai Ryssdal and Emily Henderson
Aug 25, 2017
It's a long process that starts 48 hours before the storm makes landfall. Starting back up can take even longer.
A local resident photographs the beach as Hurricane Harvey approaches in Corpus Christi, Texas, today.
MARK RALSTON/AFP/Getty Images
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CEO switch up at Chevron is expected

by Aaron Schrank
Aug 24, 2017
Chevron CEO John Watson is likely to step down soon, the Wall Street Journal reported this week. If there is a switch up at Chevron, it’s not because of losses. Chevron continues to outperform competitors in a turbulent time. A new CEO would likely keep focused on refining. Click the audio player above to hear the […]
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Exxon's public statements about climate change were misleading, Harvard study shows

by Andy Uhler
Aug 23, 2017
Harvard University researchers say a review of Exxon Mobil documents show the company misled investors and the public about how much it knew about climate change. That’s already the subject of investigations by the attorneys general in New York and Massachusetts. Their report says that the internal communication between scientists at Exxon Mobile was drastically […]
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