Environment

The Aramco logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Saudi Arabia’s state-controlled oil giant Aramco on Sunday reported a record net income of $161.1 billion for 2022 — the largest annual profit ever achieved by an oil and gas company. Aramco said net income increased 46.5 percent over

“Alongside all industries, the oil and gas sector needs to up its game, do more and do it faster,” Abu Dhabi National Oil Company CEO Sultan al-Jaber said during a keynote speech at CERAWeek. Mark Felix | Afp | Getty Images The chief executive of one of the world’s biggest oil companies, who will lead

Protestors, including students, chant as they march through the streets of Paris, as thousands take to the streets across France and strike in protest at the French Government’s proposal to increase the retirement age in France from 62 to 64 on March 7, 2023 in Paris. A series of national rolling strikes is seeing workers

In this article GPJA Follow your favorite stocksCREATE FREE ACCOUNT Vogtle nuclear reactor 3 Source: Georgia Power For the first time in almost seven years, a new nuclear reactor has started up in the United States. On Monday, Georgia Power announced that the Vogtle nuclear reactor Unit 3 has started a nuclear reaction inside the

In this article CVX OXY HES PXD PBFS Follow your favorite stocksCREATE FREE ACCOUNT While oil production in the U.S. will continue its return towards pre-Covid levels, limits on refining capacity and inventory mean it will not grow as much as some hope, according to Pioneer Natural Resources CEO Scott Sheffield. “We just don’t have

A man dressed in a thawb walks past Dassault Falcon executive jets, Dubai, United Arab Emirates Leonid Faerberg | Sopa Images | Lightrocket | Getty Images The organizers of the Investopia x Salt conference in Abu Dhabi — the brainchild of American financier and one-time White House press secretary Anthony Scaramucci and Dubai ruler Sheikh

Wells Fargo (WFC) and Halliburton (HAL) headline a group of five dividend-paying Club stocks that are expected to post robust earnings growth this year. The bank and oilfield services firm jumped off the page in our latest screen of Jim Cramer’s Charitable Trust, the portfolio we use for the Club. We wanted to see which

China is recognized as the undisputable global leader in renewable energy expansion. Future Publishing | Future Publishing | Getty Images China is making rapid progress in scaling up clean energy, tentatively boosting hopes that the world’s largest carbon emitter could soon start to curb greenhouse gas pollution. A massive wave of permits for new coal-fired

In this article CVX OXY Follow your favorite stocksCREATE FREE ACCOUNT Occidental (long known as Occidental Petroleum) was the No. 1-performing stock in S&P 500 last year, but it didn’t get there by way of massive growth in oil and gas production. While fossil fuels have the tailwind of the Russia-Ukraine war resetting energy policy

A trader works as a screen displays the trading information for BlackRock on the floor of the New York Stock Exchange (NYSE) in New York City, October 14, 2022. Brendan McDermid | Reuters LONDON — European corporate earnings were surprisingly resilient in the fourth quarter of 2022, and the continent’s stock outperformance of the U.S.

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria. Ramzi Boudina | Reuters The United Arab Emirates does not intend to leave the influential OPEC oil alliance at this time, two senior officials with knowledge of the matter told CNBC, after

In this article CVX XOM BKR CHK Follow your favorite stocksCREATE FREE ACCOUNT An LNG import terminal at the Rotterdam port in February 2022. Federico Gambarini | Picture Alliance | Getty Images Russia’s invasion of the Ukraine a year ago has shifted global energy supply chains and put the U.S. clearly at the top of

Pump jacks are seen in the Midway Sunset oilfield, California. Lucy Nicholson | Reuters Chronic underinvestment in the hydrocarbons sector will keep global supply tight, the head of the world’s largest oil company warned, suggesting higher future energy prices as China’s reopening and the comeback of the aviation industry gather pace. Asked by CNBC’s Dan

In this article TTE-FR BP.-GB CVX SHEL-GB XOM Follow your favorite stocksCREATE FREE ACCOUNT Oil companies pulled in record profits in 2022, as oil prices skyrocketed. Revenues for the biggest integrated European and American oil companies nearly doubled during 2021. Profits soared. But that has also spurred backlash from consumer advocates and political leaders. “Oil

The logo of the OPEC is pictured at the OPEC headquarters on October 4, 2022. Joe Klamar | Afp | Getty Images DUBAI, United Arab Emirates — International oil benchmark Brent crude dropped as much as 2.8% on Friday morning in New York on the back of a report that the United Arab Emirates is

One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process comes from a renewable source then some call it “green” hydrogen. Alex Kraus | Bloomberg | Getty Images In August, the White House passed a historic piece of legislation with $369

Here’s an update on our energy, industrials and materials names in Jim Cramer’s Charitable Trust, the portfolio we use at the CNBC Investing Club. Jim ran through all 35 of the holdings during the Club’s inaugural Annual Meeting last Saturday, an in-person event held in New York City. A video replay of the meeting is available here

The exterior of an Aston Martin store. Jeremy Moeller | Getty Images News | Getty Images LONDON — British luxury carmaker Aston Martin Lagonda forecasts better profitability this year, after widening its 2022 pretax losses on the back of a weakening U.K. currency. The company more than doubled year-on-year pretax losses to £495 million ($598

BlocPower is electrifying this Brooklyn, NY building Lisa Rizzolo | CNBC BlocPower, a Brooklyn-based climate tech company, has closed on a nearly $155 million fundraising round that will be used to expand and finance community decarbonization projects like it already has undertaken in Menlo Park, California, and Ithaca, New York. The round, which includes more

LADWPs Pine Tree Wind Farm and Solar Power Plant in the Tehachapi Mountains on Tuesday, March 23, 2021 in Kern County, CA. Irfan Khan | Los Angeles Times | Getty Images Global energy-related emissions of carbon dioxide rose less than anticipated in 2022 thanks to the growth of clean energy sources like solar, wind, electric