Analysis: California, Big Oil Splitting After a Century-Long Affair ...Middle East

Oil rig pumpjacks extract crude from the Wilmington Field oil deposits area near Long Beach. REUTERS/David McNew It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change. California’s oil output a century ago amounted to it being the fourth-largest crude producer in the U.S., and spawned hundreds of oil drillers, including some of the largest still in existence. Oil led to its car culture of iconic highways, drive-in theaters, banks and restaurants that endures today. On Friday, however, the marriage will officially end. The two largest U.S. oil producers, ExxonMobil and Chevron, will fo

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Analysis: California, Big Oil Splitting After a Century-Long Affair ...Middle East

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