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

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

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Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud ...

President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas ...

Exxon Mobil’s first quarter profit slumped to the lowest level in years, stung by weaker crude prices and higher costs. The ...

The oil major said volume growth in the Permian Basin and Guyana combined with cost-cutting measures largely offset lower ...

The largest U.S. oil producer paid $4.3 billion in dividends and repurchased $4.8 billion in shares during the quarter. The ...

ExxonMobil’s first-quarter earnings exceeded estimates, driven by production growth in the Permian and Guyana regions, ...

Both areas are highly profitable and the company is working to reduce its operating costs, said Exxon CEO Darren Woods. "In ...

Tucked away on a quiet, rustic property near Schroon Lake, the Seagle Festival transforms into a hub of activity every summer ...