BP PLC
The big new Exxon Mobil climate change deal that got an assist from Joe Biden
Could it be that Big Oil’s next big thing got a big assist from Joe Biden? Maybe, if carbon capture and storage is indeed as big a deal as ExxonMobil’s first-of-its-kind deal to extract, transport and store carbon from other companies’ factories implies. The deal, announced last month, calls for ExxonMobil to capture carbon emitted […]
Read More
In Australia, firms plan ‘super hub’ to produce green hydrogen using wind and solar
This image shows part of a green hydrogen facility in Spain. A number of major economies, including the EU, are looking to develop green hydrogen projects in the coming years. Angel Garcia | Bloomberg | Getty Images Plans for an Australian “super hub” focused on the generation of wind, solar and green hydrogen are taking […]
Read More
Regardless of the recent chaos, Uk stockpickers are rubbing their hands: This is what they’re buying
The U.K. has been beset by political and financial instability in new months, but as the investment ecosystem undergoes a essential changeover, traders see option. The make-up of the U.K.’s FTSE 100 differs substantially from many important created markets, in that it is closely-weighted toward customer staples, financials and supplies, but is made up of […]
Read More
‘We’re not against earnings,’ White Household presidential coordinator suggests right after Biden’s tax threats on energy providers
ABU DHABI, United Arab Emirates — President Joe Biden is generating no mystery of his disappointment with large gas price ranges and the oil providers creating file profits as a final result. With the aid of Democratic allies in Congress, he is threatening to levy windfall taxes on vitality companies, a prospect which is prompted […]
Read More
BP rakes in quarterly earnings of $8.2 billion as oil majors publish a different spherical of bumper earnings
Shares of BP are up in excess of 45% yr-to-day. Sopa Images | Lightrocket | Getty Images Oil and fuel giant BP on Tuesday claimed more robust-than-envisioned 3rd-quarter gains, supported by large commodity selling prices and robust gasoline internet marketing and trading. The British energy key posted fundamental substitution value earnings, used as a proxy […]
Read More
Oil CEOs say this winter is not the period to worry about when it comes to the energy disaster
PCK Schwedt oil refinery in Schwedt, Germany on Monday, May 9, 2022. Krisztian Bocsi | Bloomberg | Getty Images ABU DHABI, United Arab Emirates — Politicians and governments around the world are bracing for likely civil unrest as many international locations grapple with mounting energy expenditures and climbing inflation. The world wide financial system is […]
Read More
World needs to accept the urgent need for fossil fuel investment now, BP CEO says
BP CEO Bernard Looney photographed in Texas on March 8, 2022. During a panel discussion on Oct. 31, 2022, Looney said his firm’s strategy was to “to invest in hydrocarbons today, because today’s energy system is a hydrocarbon system.” F. Carter Smith | Bloomberg | Getty Images BP’s strategy is centered around investing in hydrocarbons […]
Read More
Stocks making the biggest moves midday: Roblox, Continental Resources, Fox Corp and more
Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making the biggest moves midday: Roblox — Roblox shares shot up 21% after the online gaming company reported metrics for September that showed stronger engagement than a year ago. Apple — The tech giant saw its shares rally more than 2% […]
Read More
Stocks making the biggest moves premarket: Continental Resources, Bank of America, Apple and others
Check out the companies making headlines before the bell: Continental Resources (CLR) –Chairman and founder Harold Hamm and his family will acquire the shares of the energy producer that they don’t already own for $74.28 per share. The deal is not contingent on any financing and is expected to close before the end of the […]
Read More
Oil and gas are producing a comeback — and these mutual funds are leaping on the development, suggests Morningstar
The S & P 500’s oil and gas sector has risen by virtually 30% this calendar year although the broader market place has sold off. And people bumper returns surface to be reversing a 10 years-extensive craze: They’ve now started off to entice buyers who experienced mainly shunned the sector amid the thoroughly clean power […]
Read More