Why do oil companies ever lose money if they control the price of oil

One thing is certain: oil prices remain over $100 per barrel. Oil firms will make a lot of money. However, there are many misunderstandings concerning the relationship between high oil prices and big profitability.

After years of studying both the public and our political leaders' r...

Chevron (CVX) reports $20 billion in equity, exploratory budget; see $10-$11 billion in Q4 impairment charges in Part Because of the shale of Appalachia

Today, Chevron Corporation (NYSE: CVX) reported a $20 billion plan of organic capital and exploratory investment in 2020. The 2020 plan supports a diverse portfolio of upstream and downstream projects, demonstrated by the world-class position of Chevron's Permian Basin, TCO's largest cons...