ExxonMobil and Chevron, America’s two largest oil companies, both reported a sharp drop in profit for the first three months of this year. But much bigger profits likely lay ahead because of rising oil prices during the war with Iran.

European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.

Major oil companies are investing billions in new sources as the war with Iran disrupts Middle East supply through the Strait of Hormuz.

Six of the biggest oil and gas giants will make almost $3,000 in profits every second this year, a new report finds, as households grapple with soaring energy prices

American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.

Yes, higher crude oil prices mean a multibillion-dollar cash infusion to the oil industry. But volatility is bad for business, and sustained high prices come with very serious drawbacks.

Oil-services firms are the cowboys of the energy industry. Their work—which includes everything from drilling holes and laying pipes to building roads—keeps the world’s hydrocarbons flowing. And it is often carried out in harsh physical conditions in risky places.

The largest, most influential and most consequential energy companies in the MEA region include Saudi Aramco, NIOC, QatarEnergy, ADNOC and the NNPC

The Supreme Court on Friday sent a lawsuit seeking to hold oil and gas companies liable for damage to the Louisiana coast back to the federal courts. Several Louisiana parishes – the equivalent of