BP profits the “unearned windfalls of war” say Labour as windfall tax row heats up May 2, 2023 "Pearl-clutching" begins with Labour and Lib Dems plotting moves to toughen up windfall tax - despite BP paying a further £520m already
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.
Militant rail unions blame Tories for FA Cup and Eurovision strike disruption April 30, 2023 The leader of the train drivers’ union has angrily attacked the Transport Secretary after he criticised a planned strike on the eve of the Eurovision Song Contest final for its impact on Ukraine. Union members will walk out on May 12 as part of a long-running dispute over pay, as well as on May 31 [...]
CEO of Italy’s Eni sees no major energy price upsets in 2023 April 29, 2023 The CEO of Italian oil and gas company Eni, Claudio Descalzi, has said he does not expect any “big shocks” on the energy markets this year. “European gas storages are full and, although the global economy has restarted, demand is not at its highest because China has not yet resumed full operations,” Descalzi said in [...]
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.
Eurozone grows marginally in first quarter as outlook for 2023 remains weak April 28, 2023 The eurozone grew only marginally in the first three months of 2023 and at a rate lower than market expectations after stagnation at the end of last year, preliminary data showed on Friday. Gross domestic product in the eurozone expanded by 0.1 per cent in the first quarter, below expectations in a Reuters poll for [...]
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.
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.
OPEC chief warns IEA not to undermine oil investment as war of words escalates April 27, 2023 OPEC's war of words with the International Energy Agency entered another heated chapter today amid concerns over oil demand.