The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

By Sheila Dang and Shariq Khan HOUSTON - Big Oil executives this week saw little prospect of a near-term improvement in ...

PROFITS for Exxon Mobil and Chevron were slammed by slumping fuel margins as the prospect of US tariffs on two major oil ...

Then Phillips 66 announced late yesterday that it will close its Santa Maria Refinery and related pipelines by 2023, shutting down the other option for ExxonMobil to get its offshore oil to a refinery ...

EXXONMOBIL on Friday (Jan 31) beat Wall Street’s estimate for fourth-quarter profit as higher oil and gas production offset ...