“We achieved our highest second-quarter Upstream production since the merger of Exxon and Mobil more than 25 years ago,” CEO Darren Woods said in a statement. The company’s international production ...

Malaysian farmer faces dilemma as ageing trees threaten palm oil supply, driving up prices worldwide in next five years.

Africa's upstream oil and gas sector is experiencing a transformative shift with majors divesting assets and new regional independents, traders, and non-African national oil companies stepping in ...

Mergers and acquisitions in the global upstream oil and gas sector clocked in at just over $80 billion in the first half of 2025, good for a 34% year-over-year decline amid volatile oil prices and ...

Volatility across energy and equity markets spooked investors in the second quarter, slowing the pace of mergers and acquisitions in the U.S. upstream oil and gas sector, analytics firm Enverus ...

Eni has fired the starting gun on what looks set to be the first major new project offshore Ghana for years, offering a ray of upstream sunshine to a blighted economy. The Italian major on 3 July ...

The company that recently reported promising early results from an offshore gas exploration well in Poland has announced the well has also discovered oil. Privately-owned Central European ...

BP's second-quarter results are expected to be impacted by lower prices received for gas and oil, while its upstream output is set to be higher than previously forecast, the company said in a ...

The slump in dealmaking follows a series of blockbuster takeovers by oil and gas majors in recent years, which culminated in a record $192 billion worth of deals done in 2023.

In this episode of the Oil & Gas Journal ReEnterprised podcast, Mikaila Adams recaps the Chevron-Hess deal and highlight details from a report on global upstream M&A—including deals to look out for.

Exxon Mobil signaled on Monday that lower oil and gas prices could cut its second-quarter earnings by about $1.5 billion from the previous quarter's level.