There has been a flurry of acquisitions in the oil patch over the past couple of years. The biggest was ExxonMobil's (NYSE: ...

Valaris Limited VAL, an offshore drilling services provider, has announced that it will permanently retire three semi-submersible rigs as part of its efforts to streamline its drilling fleet.

Chevron announced Wednesday it's laying off 15% to 20% of its workforce — meaning up to 9,000 jobs will be slashed.

"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.

For a number of years, though, it’s been clear that the United States is, by far, the largest producer ... hear of periods where companies kept pushing to expand drilling and production.

US oil drilling activity has dropped to near post-pandemic lows due to low oil prices and cost inflation, with the rig count falling for over two years. Oil companies are prioritizing shareholder ...