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Commodities trading giant Trafigura joined oil majors Exxon Mobil and Chevron in protesting operational changes to Colonial Pipeline’s 5,500-mile fuel network.

Chevron bought nearly 5% of Hess as a show of confidence that it will win the arbitration battle with Exxon Mobil that has delayed the Hess takeover for more than a year.

The Trump administration extended a permit for the Golden Pass liquefied natural gas export project co-owned by QatarEnergy LNG and Exxon Mobil Corp.

Profits for Exxon Mobil and Chevron were slammed by slumping fuel margins as the prospect of U.S. tariffs on two major oil suppliers threatens to make the refining business even worse.

Exxon’s claim of right-of-first-refusal to Hess’ 30% stake in Guyana’s Stabroek block is “baseless” and “without merit,” CEO John Hess said at a Goldman Sachs Group Inc. conference Jan. 7.

Exxon Mobil will raise capital spending next year as its $60 billion purchase of Pioneer Natural Resources increases its oil production plans, threatening to worsen an expected crude glut.

Oil and gas producers in the U.S. will not raise output significantly in the coming years despite calls from President-elect Donald Trump to “drill, baby, drill,” said an Exxon executive.

NICOSIA, Cyprus — Exxon Mobil could partner with a consortium composed of Eni of Italy and Total of France to jointly develop gas deposits close to each other off Cyprus’ southern coast.

Exxon has signed a preliminary agreement to provide battery metal lithium to an LG Chem plant in the U.S., strengthening the oil major’s role in the domestic critical minerals supply chain.

Weaker crude prices and refining margins are likely forcing four of the five supermajor oil companies to borrow money to fund $15 billion in share buybacks for the most recent quarter.