Shell: FTSE 100 giant takes profit beat amid weak oil prices July 31, 2025 FTSE 100 juggernaut Shell posted a dramatic hit to earnings in the second quarter amid a volatile period for oil and gas prices. The London-listed oil major recorded $4.26bn (£3.21bn) marking a 32 per cent fall from the second quarter of 2024, where the firm pocketed $6.29bn. But Shell managed to scrape past an LSEG-compiled [...]
FTSE 100 held back by Shell and BP as pound hits three-year high June 24, 2025 The FTSE 100 edged up and the pound hit a new high as investors flocked back to risk on Tuesday, but London’s blue-chip index’s rebound was held back by the falling price of oil. The UK’s flagship index nudged up 0.3 per cent in early trading to around 8,7883. But significant gains were held back [...]
Shell and BP: FTSE 100 giants get analyst backing after oil surge June 18, 2025 FTSE 100 oil heavyweights are back in analysts favour after oil prices surged from the intensifying Middle Eastern conflict. BP and Shell shares have jumped around three per cent in the last week and climbed further as President Donald Trump weighed in on the attacks in Israel and Iran. Russ Mould, investment director at AJ [...]
BP ramps up fossil fuel spending and rows back on green targets February 26, 2025 BP will dial up its spending on oil and gas by $10bn (£7.9bn), slash its investment into renewable energy and offload $20bn of underperforming assets as part of a major strategic overhaul that aims to boost its beleaguered share price. In a much anticipated – and delayed – announcement from boss Murray Auchincloss, the British [...]
Cut taxes for BP and Shell to protect UK from Trump’s trade war, Rachel Reeves told February 6, 2025 Oil giants such as BP and Shell who operate in the North Sea should be given huge tax breaks to help protect the UK against Donald Trump’s burgeoning trade war, Chancellor Rachel Reeves has been told. Aberdeen & Grampian Chamber of Commerce is calling on the UK government to reduce the 78 per cent tax [...]
Hunting: Oil and gas services firm’s profit more than doubles August 29, 2024 Oil and gas equipment provider Hunting has reported a more than doubling in profit for the first half of 2024 as its order book hit a record level.
BP reports profit drop as lower oil prices hit earnings May 7, 2024 Murray Auchincloss, chief executive officer said: "We've delivered another resilient quarter financially and continued to make progress on our strategy."