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
De Beers sales dip adds to Anglo American woes January 31, 2024 Sales at South African-British diamond merchant De Beers have fallen, the firm reported today, adding to the woes of its owner Anglo American.
Hydrogen specialist ITM Power quadruples revenues as turnaround plan delivers January 31, 2024 Hydrogen energy storage company ITM Power has quadrupled revenues and cut losses one year on from the adoption of a company-wide transformation plan. The hydrogen energy storage company reported that revenues for the six months period ending October 2023 came up to £8.9m from £2m year-on-year while adjusted EBITDA loss was slashed from £54.1m to [...]
Shell hopes to reassure shareholders of green gains amid expected profit hit January 31, 2024 Of the two UK oil majors, Shell has been the quieter of late. Market discussions in recent weeks have largely revolved around BP’s former finance boss-turned chief executive Murray Auchincloss. Specifically, what his tenure could mean for a company that seems stuck between a rock and a hard place balancing shareholder returns with a demanding [...]
Saudi Aramco production cut prompts questions about future oil demand January 30, 2024 Saudi Aramco said today that it will cancel a planned production boost after receiving orders from Saudi Arabia's energy minister.
Diversified Energy rises on opening but concerns over well clean-up bill grow January 30, 2024 Diversified energy shares continue slide as oil assets clean-up bill grows
UK’s record energy transition investment needs to double to hit net zero targets January 30, 2024 The will need to maintain double the record $72bn invested last year
Eight-year turnaround completed as Octopus eyes UK energy crown January 29, 2024 Octopus Energy has turned a profit for the first time since the company launched in 2015
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
BP faces City pressure to ditch £24bn clean energy investments for shareholders January 29, 2024 BP has been told to cut $28bn in clean energy funding by a leading activist investor
