BP claws more money back from former boss Looney and pays new chief £8m after 2023 profit beat March 8, 2024 BP CEO Murray Auchincloss said the firm will be "super focused" on returns
Shell is going great guns on LNG and bets China will drive Asian demand February 14, 2024 Shell reckons LNG will become a primary economic driver as Asia tries to quit coal
Big Oil commits to Big Returns for shareholders as profits keep flowing February 10, 2024 In an era when big oil needs to keep investors happy - how far can buybacks go?
TalkTalk buys half-a-million Shell Energy customers in deal with Octopus February 6, 2024 TalkTalk has bought almost 500,000 Shell Energy customers in a deal with Octopus Energy.
Shell chief says ditching oil production wind-down was not to ‘create a lack of transparency’ February 1, 2024 Last year’s walk-back of Shell’s staggered oil production cuts was not done to “create a lack of transparency” but to “focus on the key targets that matter,” Shell’s chief executive has said. In an analyst call following the company’s release of its fourth quarter and full-year results for 2023, Wael Sawan said the decision to [...]
Shell beats expectations on profits and woos investors with £2.7bn share buyback February 1, 2024 Shell is the first energy giant to post a sharp downturn in profits for 2023 as the oil market settled lower than the historic pricing seen in 2022
Yemen’s Houthi Red Sea attacks and fresh Jordan violence weigh on oil as Middle East unease widens January 29, 2024 Trafigura is the latest major commodity shipper to be targeted by Houthi rebels
Labour would host annual investment summit if elected, vows Jonathan Reynolds January 29, 2024 Labour would host an annual business summit to showcase Britain as a global investment destination, if elected into power, Jonathan Reynolds has pledged.
Shell to exit Nigerian onshore oil over long-running theft and sabotage risks January 16, 2024 The sale to a Nigerian business-led consortium is expected to be worth around $2.4bn
Shell halts Red Sea shipments indefinitely over Houthi fears January 16, 2024 Shell's decision follows that of shipping giants Hapag Lloyd and Maersk