The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

Since 2016, four operators made up 47% of all Wolfcamp D wells: CrownQuest, now Occidental, Endeavor, now Diamondback, ...

Sen. Ed Markey is slamming the Federal Trade Commission for allowing two former executives to join major oil company boards ...

While those at the top of the tree are generating serious cash flow from the Permian and other onshore regions, that is not the case across the board. The Baker Hughes (US:BKR) rig count shows a drop ...

Exxon Mobil and Chevron's bumper oil and gas output in the second quarter served as a sobering reminder to their European ...

Chevron, which is shedding 200 Midland-area jobs as part of a 15% to 20% reduction in its global workforce, said in its ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

ExxonMobil drives growth with low-cost production, robust financials, and shareholder returns. Read the latest analysis on ...

Since 2019, ExxonMobil says it has achieved $13.5 billion in structural cost savings (non-GAAP) and is targeting $18 billion by 2030. Digital tools, centralized procurement, and logistics automation ...

The company maintained strong cash flow, generating $11.5 billion from operations and $5.4 billion in free cash flow.

The company also returned more cash to investors than its peers and ended the quarter with the industry's best balance sheet.

Try, Try Again Exxon Mobil’s (NYSE:XOM) recent loss in arbitration to Chevron (NYSE:CVX) over the $53 billion Hess ...