Exxon Mobil Targets Net Zero Emissions in the Permian Basin

HOUSTON — Exxon Mobil said on Monday it aims to achieve net zero greenhouse gas emissions from its operations in oil and gas fields in West Texas and New Mexico by 2030. The announcement came as part of Exxon’s previous plans to reduce greenhouse gas emissions in its business, and as activists and some investors […]

Royal Dutch Shell Sells Permian Basin Oil Holdings

HOUSTON — Royal Dutch Shell on Monday sold oil and gas production at Permian Basin, the largest American oil field, to ConocoPhillips for $9.5 billion in cash. The deal marked a turning point for Shell, which has since worked hard to develop the 225,000 acres of land. Buy from Chesapeake Energy nine years ago it […]

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