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

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U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud ...

Exxon Mobil’s first quarter profit slumped to the lowest level in years, stung by weaker crude prices and higher costs. The ...

The largest U.S. oil producer paid $4.3 billion in dividends and repurchased $4.8 billion in shares during the quarter. The ...

Chevron CEO Mike Wirth compared the current oil downturn to the Great Recession and Covid-19 pandemic. Exxon Mobil CEO Darren Woods warned investors Friday that tough times could be ahead for the ...

A major player in the top U.S. oilfield, the Permian Basin, as well as in Guyana, Exxon increased production by 20% year-over ...

US oil giants ExxonMobil and Chevron reported lower profits Friday, reflecting the hit from falling crude prices amid global ...

The Trump administration and other world governments have a “sensitivity” to the potential impact of tariffs on the energy sector, ExxonMobil chief executive Darren Woods said Friday.