Chevron is the only U.S. oil major operating in Venezuela through a special license issued by the Treasury Department.

Permian Basin shale oil may get a permanent change if Devon Energy and Coterra Energy proceed with a proposed $57 billion merger.

A lawsuit from the state of Minnesota that aims to hold the oil industry accountable for allegedly misleading the public about climate change can move forward, a state appeals court ruled Monday. The ruling inches the case closer to trial after nearly six years of legal challenges.

The case asks Exxon Mobil, Koch Industries and the American Petroleum Institute to pay up for climate impacts.

Record production comes as analysts say Venezuelan output is not likely to significantly hit demand in short term