The Latest Breaking News from Petroleum

Marathon Petroleum is ready to unveil its fiscal fourth-quarter earnings next month, and analysts project a robust triple-digit earnings growth.

I discussed Occidental Petroleum's possible dividend hike next month in my Dec. 23, 2025, Barchart article. I showed that OXY stock could be worth $50. Investors are now piling into January 16, 2026, expiry call options.

Occidental Petroleum Corp could hike its dividend in late January or early February. But OXY stock is still well off its highs. Based on its average dividend yield, OXY could be worth over 25% more at $50 per share.

In 2016, the petroleum ministry was asked in the Rajya Sabha if it would act against officials from the government-owned Oil and Natural Gas Corporation and its regulator Directorate General of Hydrocarbons for “inaction”. This was a case of alleged gas flow from an ONGC block to a Reliance Industries…

U.S. oil companies dominated Venezuela's petroleum industry until the the 1970s and then under Nicolás Maduro and his predecessor, Hugo Chávez.

The U.S. is weighing its military options in oil-rich Venezuela, influencing elections in other South American petroleum nations, and increasingly trying to control natural resources in the Americas.

A new lawsuit seeks to overturn the recent approval of an exploratory drilling program in the National Petroleum Reserve-Alaska

As the Trump administration makes announcement after announcement about its efforts to promote the U.S. fossil fuel industry, the industry isn’t exactly jumping at new opportunities.

As Occidental Petroleum has underperformed its sector peers recently, analysts remain cautious about the stock’s prospects.

French energy group TotalEnergies announced on Monday that it had signed an agreement to sell a 40-percent stake in two Nigerian offshore exploration licences to Star Deep Water Petroleum Limited, a subsidiary of US oil major Chevron.

TotalEnergies SE (NYSE:TTE) on Monday disclosed that TotalEnergies EP Nigeria has agreed to sell a 40% interest in the PPL 2000 and PPL 2001 exploration licenses to a Chevron Corporation (NYSE:CVX) company, Star Deep Water Petroleum Limited.