Mark Kleinman: BP bid may be more likely from Exxon than Shell Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column BP bid may be more likely from Exxon than UK rival Shell Takeover rumours in the London market don’t come with a more spectacular veneer than when they’re attached to BP. Unfortunately for Murray Auchincloss, the [...]
BP to axe thousands of job in cost cutting drive Energy BP told staff on Thursday its plans would impact around 4,700 roles and that it would also reduce contractor numbers by 3000.
Activist investor calls for BP chair to quit after ’embarrassing’ performance Energy 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 [...]
What could Shell and BP be worth across the pond? April 13, 2024 Ultimately, Shell and BP's future in London rides on how patient investors are willing to be.
Exxonmobil bets £791m on UK oil sector as other operators pull back April 8, 2024 Exxon's bet on diesel appears contrary to a wider trend amongst its petrogiant peers.
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?
Shell takes second place behind Exxon in oil supermajor earnings February 2, 2024 US oil heavyweights Chevron and Exxon have beaten a subdued global oil price to post their second-biggest profits in ten years.
Will BP and Shell be able to close the gap with US peers Exxon and Chevron in 2024? December 23, 2023 ExxonMobil boasts the second largest oil company market cap in the world
COP28: Exxon Mobil boss rejects IEA criticism of carbon capture strategy December 2, 2023 Exxon Mobil CEO Darren Woods on Saturday rejected the International Energy Agency’s recent claim that using wide-scale carbon capture to fight climate change was an implausible “illusion”, saying the same could be said about electric vehicles and solar energy. “There is no solution set out there today that is at the scale to solve the [...]
Exxon snaps up shale giant Pioneer in $60bn mega-deal October 11, 2023 Exxon agreed to buy rival Pioneer in an all-stock deal valued at $59.5bn that would make it the biggest producer in the largest US oilfield.