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Big Oil

NPR
Business
A sign for an Exxon-branded gas station stands in Brooklyn, New York, on Oct. 28, 2016. Oil companies enjoyed a surge in profits in the first three months of 2022.

The good times are rolling for Big Oil. 3 things to know about their surging profits

May 07, 2022
Major energy companies have reported a surge in profits in the first three months of the year as oil prices have rallied.
NPR
The COP26 summit
A seawall stretches for hundreds of miles along the coast of Guyana, in northern South America. It protects the low-lying coastal lands where the majority of Guyana's population lives. The region is acutely threatened by rising sea levels, as well as oth

Guyana is a poor country that was a green champion. Then Exxon discovered oil

Nov 07, 2021
Guyana, one of South America's poorest countries, is under severe threat by rising seas. That had made it a champion of climate action, but it all changed when ExxonMobil found oil off its waters.
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NPR
Business
The energy industry was shaken by a trio of events this week that could help shape the future of oil and gas. Here, the sun sets behind two under-construction offshore oil platform rigs in Port Fourchon, La., in 2010.

Big Oil Faces A Reckoning Decades In The Making

May 28, 2021
A set of events shook the oil world this week: A tiny shareholder won a battle with Exxon, investors put pressure on Chevron and a Dutch court ordered Shell to slash emissions.
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NPR
National
The drilling rig Polar Pioneer outfitting for arctic oil exploration in 2015. A proposed rule from the Trump administration would force banks to offer financing to oil companies, gun-makers, and high-cost payday lenders, even if the banks don't want to d

Trump Regulator's Rule Would Force Banks To Lend To Gun-Makers And Oil Drillers

Jan 11, 2021
The Trump administration is trying to force banks to make loans to gun-makers and to finance payday lenders. Critics call the move bizarre. It's opposed by watchdog groups and banks.
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NPR
Investigations
Landfill workers bury all plastic except soda bottles and milk jugs at Rogue Disposal & Recycling in southern Oregon.

How Big Oil Misled The Public Into Believing Plastic Would Be Recycled

Sep 11, 2020
An NPR and PBS Frontline investigation reveals how the oil and gas industry used the promise of recycling to sell more plastic, even when they knew it would never work on a large scale.
NPR
The Coronavirus Crisis
Pump jacks operate at dusk near Loco Hills in Eddy County, New Mexico, on April 23. U.S. oil producers are grappling with prolonged low oil prices and the uncertainty created by the coronavirus pandemic.

Oil Industry, Accustomed To Booms And Busts, Is Rocked By Pandemic

Jul 15, 2020
When the price of oil crashes, oil companies often merge and big oil gets even bigger. So this crisis could be an opportunity for companies, but it comes with a tremendous amount of uncertainty.
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