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The Latest Breaking News from Biraj Borkhataria

U.S. shale oil boom transforms from money treadmill into cash cow, Chevron president says

Chevron slows down in the booming Permian as it looks to international growth.

Fortune

Shell doubles down on BP denial with no other clear suitors in sight

A theoretical Shell-BP combination would carry debt and antitrust issues while requiring greater layoffs and divestments.

Fortune

Why RBC Capital Upgrades Exxon Mobil, Downgrades Chevron

Exxon Mobil Corp (NYSE: XOM) is the largest oil company by market capitalization and the biggest of the “Super-Majors,” which includes Chevron Corporation (NYSE: CVX), according to RBC Capital Markets.

Benzinga

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