(Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) – In 2017, the oil and gas reserves at a selection of 83 publicly-traded companies grew by the most since 2013. – The companies added a combined 8.2 billion barrels of oil equivalent (boe) to their proved reserves, pushing the total up to 277 billion boe. – Spending on exploration and development rose by 11 percent compared to 2016 levels, but expenditures were still down 47 percent compared to 2013. Market Movers • A federal judge dismissed a lawsuit by the cities of San Francisco and Oakland aimed five oil majors – BP (NYSE: BP), Royal Dutch Shell (NYSE: RDS.A), Exxon Mobil (NYSE: XOM), ConocoPhillips (NYSE: COP) and Chevron (NYSE: CVX) – over their role in fueling climate change. The suit charged that the oil majors should pay damages that the cities need to take on to […]