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  Pain at the pump, not on oil's profits

Obama keeps up push to end gas, oil tax breaks

President Barack Obama says oil companies are profiting from rising pump prices and he wants Congress to end $4 billion in annual tax breaks for the oil and gas industry. Full story

Oil profits boom, consumers frustrated

  Forbes' Maureen Farrell explains why gas prices are continuing to rise in the US and whether big oil companies are aware of consumer outrage.

China oil giant CNOOC 1Q revenue up 59 percent

CNOOC Ltd., the smallest of China's three major state-owned oil companies, said Wednesday its first quarter revenue jumped 59 percent, driven by increased production and sales. Full story

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Articles

Boehner opens door to cutting U.S. oil tax breaks

Final Glance: Oil companies

Early Glance: Oil companies

U.S. firms stop Libyan oil trade due to sanctions

Oil firms unveil spill containment system

Snap Analysis: Big challenges ahead for new Iraq government

$1 billion venture in works to fight Gulf spills

Video

  What’s driving the price of gas?

Blame is being placed on many for those sky high prices at the gas pumps, but who’s really the cause of the soaring costs? A Dylan Ratigan Show panel debates.

  2011 Oil Outlook

There's been a big shift in the business model for major integrated oil companies. Paul Sankey, Deutsche Bank oil analyst, describes discusses his top picks in the sector.

  Anger at oil giants as gas prices skyrocket

Gas prices have jumped about 20 cents in just one week and customers across the country are increasingly suspicious of oil companies. NBC’s Tom Costello reports.

  Fighting oil’s billions in breaks

Rep. Ed Markey, D-Mass., shares his thoughts on the Democrats’ plans to stop the richest oil companies in the world from receiving over $40 billion in tax breaks.

  Battle over big oil

A political panel talks about President Barack Obama’s fight to end tax breaks for U.S. oil companies, which would save taxpayers $36 billion over the next ten years.

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Related Photos

Protesters rally in front of the Shell oil company, one of the big three oil players in the country, to protest another round of oil price increases in Manila on April 12, 2011. Oil companies raised pumped prices of gasoline and diesel fuels following increase of oil prices in the world market drive