BP shares jump after oil major ups dividend and launches buyback Energy BP shares jumped on Tuesday despite the firm recording a hit to profit and revenue in the first half of 2025 as weaker oil prices and lower trading performance weighed on takings. The London-listed oil major posted total revenue of $95.6bn (£72bn), down from 2.7 per cent from the same previous last year, while profit [...]
Shell: FTSE 100 giant takes profit beat amid weak oil prices Energy 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 [...]
Shell: FTSE 100 giant in line for profit hit after oil woes Energy Shell is expected to report lower profits for recent months as the energy giant continues to battle oil price volatility and strives to return cash to its shareholders. The FTSE 100-listed company is predicted to report adjusted earnings of 3.74 billion US dollars (£2.78 billion) for the second quarter, when it publishes its latest figures [...]
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 [...]
Lammy: Iran blocking Strait of Hormuz would be ‘catastrophic mistake’ June 23, 2025 Foreign secretary David Lammy has warned Iran that blocking the crucial Strait of Hormuz shipping lane would be a “mistake” after the nation vowed repercussions following the US’ attacks. Lammy told the BBC this morning: “It would be a catastrophic mistake. It would be a mistake to blockade the Strait of Hormuz.” The foreign secretary [...]
Brent crude could hit $110 if oil flow through Strait of Hormuz halved June 23, 2025 Oil prices could surge to new highs, Goldman Sachs has warned, after the US attacked three sites in Iran spiking fears that a crucial Iranian-controlled waterway could be disrupted. The price of Brent crude oil spiked 5.7 per cent in the aftermath to $81.40 a barrel – marking a five month high. Prices later gave [...]
Former Centrica boss in running to be next BP chair June 21, 2025 The former boss of multinational energy firm Centrica is among those in talks to be the next chairman of BP. Sam Laidlaw is being considered as a successor to Helge Lund, who announced he would step down from BP in April. Laidlaw is one of a number of prominent candidates in the running to chair [...]
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 [...]
Activist investor calls for BP chair to quit after ’embarrassing’ performance October 13, 2024 An activist investor famed for ousting senior leadership has called for BP chair Helge Lund to quit after the oil major’s “embarrassing” performance. Bluebell Capital Partners, a London-based hedge fund, has written to BP’s board board twice in the past few weeks attacking its management and the firm’s approach to the transition. Bluebell co-founders, Guiseppe [...]