Exxon XOM0.33%increase; green up pointing triangle Mobil is slashing 2,000 jobs worldwide, it said Tuesday, the oil industry’s latest mass layoff as companies adapt to anemic oil prices and get more ...

Oil majors publicly frame their strategy as “managed decline,” focusing on capital discipline and shareholder returns. Big oil is simultaneously investing heavily in long-life, low-cost fossil fuel ...

The world’s largest international oil firms are ramping up production even as crude prices have weakened this year and global supply growth continues to outpace the demand increase, setting the stage ...

Major international oil firms are increasing production despite weakening crude prices and a global supply surplus, anticipating sustained demand until at least the mid-2030s. European and U.S.