Hess' liquidity backstop is very strong. The firm has $1.2 billion in cash and more than $3 billion available on its credit facility as of the last reporting period. In addition, the term structure of ...

In 2022, Saudi Aramco was the largest company in the world by market cap when oil prices were high. It also posted record profits that year. Since then, this energy and chemicals company has made ...

Exploration drilling at the Elektra-1 well in Block 5 of Cyprus’s Exclusive Economic Zone (EEZ) has concluded without the discovery of commercially viable quantities of natural gas ...

An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island's ...

Texas-based Exxon Mobil Corporation (XOM) operates as the largest American oil & gas company. It engages in the exploration ...