Market Alert: Oil majors’ debt climbs to record high

The total debt held by four of world's largest oil companies has hit a record high. According to data collected by the Wall Street Journal, ExxonMobil,...

Buffet picks up another 3 million shares in Phillips 66, now owns 15%

The oracle of Omaha Warren Buffett has purchased over 3 million additional shares in Houston-based Phillips 66. According to an SEC filing seen by Motley Fool, Buffett's...

Blackstone and partners pour $1 billion into Permian plays

The Blackstone Group has signed two partnership deals to expand its oil and gas holdings in the Permian Basin. Blackstone said Thursday that it has...

EPA: ‘Significant possibility’ North Texas quakes linked to disposal wells

A new report from the Environmental Protection Agency claims that earthquakes in North Texas may be linked to disposal wells used during fracking. According to a copy...

ExxonMobil, Chevron, and Hess may team up for deepwater Mexico auction

ExxonMobil, Chevron and Hess have reportedly agreed to team up to bid on offshore Mexico blocks at an upcoming auction. A source close to the matter...

U.S. rig count extends gain streak to eight weeks

The U.S. rig count posted its eight straight week of gains after adding 10 rigs last week. According to Baker Hughes, the number of oil...

Malaysia: Petronas Q2 profit plunges 96 percent

Malaysia's Petronas said Monday that "volatile oil prices" were partially to blame for a 21 percent revenue decline for the second quarter. The company reported $12.02 billion in...

Susan Sarandon joins Dakota Access Pipeline protest as judge hears injunction request

A group of Hollywood actors joined demonstrators in Washington D.C. on Wednesday who were protesting the Dakota Access Pipeline. According to Reuters, Susan Sarandon, Riley Keough and Shailene Woodle...