Oil and Gas
Chevron to slow pace of share buybacks as Trump tariffs and OPEC+ production weigh on oil prices
Chevron will slow the pace of its share buybacks, as falling crude prices hit the oil major’s first-quarter profit. U.S. crude oil prices have dropped about 18% this year as President Donald Trump’s tariffs are expected to weigh on demand at the same time OPEC+ plans to pump more supply into the market. The oil major […]
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Oil major Shell launches $3.5 billion share buyback after first-quarter profit beat
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil giant Shell on Friday reported a sharp fall in first-quarter profit, following a period of weaker crude prices. Shell reported adjusted earnings of $5.58 billion for the first three months […]
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Trump says any country that buys oil from Iran will not be allowed to do business with U.S.
President Donald Trump said Thursday any country or person that buys oil or petrochemicals from Iran will not be allowed to do any business with the U.S. U.S. crude oil futures rose $1.03, or 1.77%, to close at $59.24 per barrel, while global benchmark Brent gained $1.07, or 1.75%, to settle at $62.13. Iran is […]
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China waives tariffs on U.S. ethane imports, Reuters reports
Gantry cranes stand near a cargo ship at Yangshan Port outside of Shanghai, China, on Feb. 7, 2025. Go Nakamura | Reuters China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge of the matter said Tuesday, among a group of products that have been granted […]
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Oil industry that Trump wants to ‘drill, baby, drill’ has taken a beating since he took office
An operator for Baker Hughes conducts a wireline survey on a Chesapeake Energy natural gas rig in the North Texas Barnett Shale near Burleson, Texas. Matt Nager | Getty Images President Donald Trump wants the oil and gas industry to “drill, baby, drill” in pursuit of his energy dominance agenda, but the companies involved in […]
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Oil giant BP posts 49% drop in first-quarter profit on weaker crude prices
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices. The beleaguered oil and gas major posted […]
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From mining giants to Big Oil, major players are jumping on the ‘white hydrogen’ bandwagon
The construction site of a plant for the production of hydrogen in Germany. Picture Alliance | Picture Alliance | Getty Images A growing number of sizable companies, from mining giants to energy majors, are embracing the hype for natural hydrogen. It comes as buzz continues to build over the potential for a resource that advocates […]
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A massive explosion at an Iranian port linked to missile fuel shipment kills 5, injures over 700
An Iranian flag flutters in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria, September 9, 2019. Leonhard Foeger | Reuters A massive explosion and fire rocked a port Saturday in southern Iran purportedly linked to a shipment of a chemical ingredient used to make missile propellant, killing five people and injuring […]
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Amazon and Nvidia say all options are on the table to power AI including fossil fuels
Anton Petrus | Moment | Getty Images OKLAHOMA CITY — Amazon and Nvidia told a room of oil and gas executives this week that all options are on the table to power artificial intelligence including fossil fuels such as natural gas. The tech and energy industries gathered in Oklahoma City at the Hamm Institute for […]
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BP shares jump 5% as activist investor Elliott discloses stake build
The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England. Anna Barclay | Getty Images News | Getty Images BP shares jumped on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major, […]
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