Drilling activity continues to trend upward, posting a second consecutive weekly gain. Oilfield services firm Baker Hughes said Friday its U.S. rig count rose four rigs to 586 rigs for the week.

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

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

Despite a Q4 earnings miss, Chevron's free cash flow and capital returns remain robust. Read why I remain very bullish on CVX ...

Exxon Mobil's Q4 earnings hit $7.61 billion, fueled by advantaged assets in the Permian Basin and Guyana, with production set to double by 2030.

Chevron is also an aristocrat dividend stock, having raised its annual dividend for 37 consecutive years. In the latest ...

Midland ISD's first elementary robotics competition inspires young students in STEM with 25 teams participating.

That investment will grow output from its highest-margin assets, which will increase its earnings and free cash flow. Exxon also plans to deliver a cumulative $18 billion in cost savings by the end of ...

ExxonMobil posted strong fourth quarter profits as the oil and gas company increased production in the Permian basin at home, ...

Since 2019, the operator achieved $12.1 billion of cumulative Structural Cost Savings, including $2.4 billion of savings ...

Darren Woods, Chairman and CEO, highlighted that Exxon Mobil achieved earnings of $34 billion in 2024, marking its third-highest result in the past decade despite softer market conditions. Cash flow ...

Exxon Mobil on Friday posted mixed fourth-quarter results that showed weakness in its refining and chemicals business, though ...