The oil industry is getting greener much more quickly as U.S. focus shifts to climate change

A worker wrestles a stand of drill pipe into place on a drilling rig near Midland, Texas. Nick Oxford | Reuters The greening of the American oil industry has gone into overdrive. Dan Yergin, IHS Markit vice chairman, said it’s an important turning point for the oil and gas sector, which has been anticipating big […]

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Goldman names the 12 global stocks set to pop when Covid lockdowns end

A trader works at the Goldman Sachs stall on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Analysts from Goldman Sachs have named a dozen stocks with a “significant upside” as coronavirus vaccines are distributed and lockdowns start to lift. The bank has launched a scale tracking the pace of reopenings, […]

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Goldman Sachs picks an oil stock it believes will rally 50% this year

Oil drilling rigs in a calm ocean channel, Cromarty Firth, Scotland, U.K. Abstract Aerial Art | DigitalVision | Getty Images Analysts at Goldman Sachs have named oil stocks it says are set to rally by as much as 54% this year, as the transport market recovers and they start to generate cash returns for investors. […]

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Chevron and BP back renewable start-up focused on geothermal energy

Evor-Lite site. Source: Eavor Technologies Canada-based geothermal company Eavor Technologies on Tuesday announced a $40 million funding round that included participation from BP Ventures and Chevron Technology Ventures as big oil companies increase investments in renewable energy. Geothermal power is renewable energy produced from underground heat. The U.S. Department of Energy calls geothermal a “vital […]

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