LATEST HEADLINES

• API Supports New Legislation To Cut Red Tape And Create Infrastructure Jobs

  The American Petroleum Institute (API) released the following statement today in response to legislation introduced by Sen. Cornyn (R-TX), which would provide additional certainty to the Nationwide Permit program.

• From International Oil Company To Integrated Energy Company: bp Sets Out Strategy For Decade Of Delivery Towards Net Zero Ambition

  bp today introduces a new strategy that will reshape its business as it pivots from being an international oil company focused on producing resources to an integrated energy company focused on delivering solutions for customers.

• BP Announces It Will Cut Oil And Gas Production 40 Percent

  Building on its February presentation on climate change, BP announced today that it expects to cut the amount of oil and gas it produces by 40 percent by the end of the decade as part of its pledge to emit no net global warming emissions by 2050.

• API Supports Army Corps Proposal To Reissue Key Infrastructure Permits

  The American Petroleum Institute (API) released the following statement today in response to the U.S. Army Corps of Engineers (Corps) release of the proposed renewal of over 50 Nationwide Permits (NWPs) for the next five years.  

• ExxonMobil Reports Results For Second Quarter 2020

  Exxon Mobil Corporation today announced an estimated second quarter 2020 loss of $1.1B, or $0.26 per share assuming dilution. Results included a positive noncash inventory valuation adjustment from rising commodity prices of $1.9B, or $0.44 per share assuming dilution.