Oil markets tumble as hawkish Fed and sluggish Chinese growth drive down prices May 2, 2023 Oil prices dropped heavily today, amid growing expectations of interest rate hikes from the US Federal Reserve and European Central Bank.
BP and the ‘profits of war?’ Could falling energy prices end the battle for a tougher windfall tax May 2, 2023 As Labour ramps up calls for a tougher windfall tax, it would be easy to miss that BP's shares are down five per cent on the FTSE 100.
BP unveils further bumper profits as oil and gas price hikes continue to fuel energy giant’s earnings May 2, 2023 BP has unveiled its second-highest first-quarter profit in more than a decade, posting healthy earnings over its first three months of trading.
Glencore’s Teck saga continues with shareholders dithering over rival visions April 29, 2023 Teck's withdrawal of its demerger plans from the jeopardy of a shareholder vote this week is only the latest twist in an industry sage.
Analysis: BP, Shell will need to show investors plans for profit as oil prices slide April 28, 2023 With oil and gas prices lower, business acumen and strategy will begin to have more of an influence over the bottom line of energy giants.
Chevron tops estimates with profit gains despite slide in oil prices April 28, 2023 Oil major Chevron Corp beat market expectations on Friday as profit nudged higher in the first quarter this year.
Exxon delivers record first-quarter profit on higher output April 28, 2023 Exxon Mobil reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates.
Eni’s net profit beats expectations powered by strong gas business April 28, 2023 Italian energy group Eni has revealed its first-quarter net profit fell 11 per cent year on year due to lower oil and gas prices.
UK on course to miss decarbonisation goals, MPs warn April 28, 2023 The UK will fail to reach its decarbonisation goals via the grid by 2035 - unless it significantly speeds up deployment of technology.
MPs urge government to protect North Sea wind farms from Russian sabotage April 28, 2023 The government must protect renewable energy assets in the North Sea such as wind turbines from Russian sabotage, MPs have warned.