Oil and Gas
Oil significant BP accelerates rate of share buybacks even as entire-calendar year financial gain slides about 50%
BP in 2020 set out its ambition to grow to be a net zero business “by 2050 or quicker.” Matt Cardy | Getty Visuals Information | Getty Illustrations or photos British oil giant BP on Tuesday declared options to enhance shareholder returns, even after a sharp drop in whole-yr earnings aligned with lower oil costs. […]
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Oil current market will facial area offer shortage by finish of 2025, Occidental CEO states
Occidental CEO Vicki Hollub speaks at the panel dicscussion throughout the Abu Dhabi Intercontinental Petroleum Exhibition and Conference held at ADNEC Exhibition Heart on Oct 2, 2023. Ryan Lim | Afp | Getty Illustrations or photos The oil marketplace will facial area a provide scarcity by the finish of 2025 as the globe fails to […]
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Ukraine's SBU hits Russia's Volgograd oil refinery in drone assault, resource says
A general check out displays the oil refinery of the Lukoil organization in Volgograd, Russia on April 22, 2022. Reuters Photographer | Reuters Two Ukrainian drones struck a key oil processing facility at the Volgograd oil refinery in southern Russia on Saturday in an procedure executed by the SBU protection provider, a Ukrainian resource advised […]
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Here are Jim Cramer’s rapid-fire takeaways on 6 stocks in the news Friday
Clorox – The consumer products giant saw a huge earnings beat. It’s also rebounding from last year’s cyberattack. “Things are back online, and there’s tremendous demand for their product,” Jim said Friday’s Morning Meeting rapid fire. Tesla – The EV leader issued a recall for 2.2 million cars over a warning light issue. Remember, our […]
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Weather activist Greta Thunberg cleared of public get offense during London oil protest
Environmental activist Greta Thunberg leaves Westminster Magistrates Court docket as she normally takes a lunch split, on February 01, 2024 in London, England. Leon Neal | Getty Photographs Information | Getty Illustrations or photos LONDON — Swedish weather activist Greta Thunberg on Friday was cleared of a public buy offense about a protest at an […]
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Exxon beats earnings anticipations even as decreased oil selling prices weigh on revenue
An Exxon Mobil fuel station in Washington, DC, US, on Tuesday, Nov. 28, 203. Bloomberg | Bloomberg | Getty Photos Exxon Mobil reported quarterly earnings that defeat Wall Street’s expectations, but the firm’s gain declined significantly from exact same period the yr prior as oil selling prices weakened. Exxon declared a dividend for the initially […]
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Oil big Shell posts total-12 months profit conquer, announces $3.5 billion share buyback
A Shell symbol displayed on a sign at a gas station in Nakuru, Kenya. Sopa Images | Lightrocket | Getty Visuals British oil giant Shell on Thursday conquer expectations for whole-year revenue, saying a 4% increase to its dividend and a $3.5 billion share buyback method. Shell noted modified earnings of $28.25 billion for the comprehensive-yr 2023, […]
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Just one activist trader is having on BP, urging the oil large to scale back again green pledges
A standard perspective of the BP brand and petrol station forecourt indication on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Pictures Activist investor Bluebell Cash Companions is pushing for BP to urgently adjust tack, declaring it is “highly debatable” no matter whether the oil major’s approach of […]
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Saudi Arabia's Aramco halts options to maximize most crude generation capability
Valvoline experienced final yr made a decision to different its retail companies and world-wide products and solutions divisions subsequent a strategic review. Rafael Henrique/SOPA Photos/LightRocket by way of Getty Photos Saudi Arabia’s condition-managed Aramco on Tuesday announced it is shelving programs to elevate its crude manufacturing capability from 12 million barrels for every day to […]
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Oil selling prices better soon after Iran-linked drone strikes destroy a few U.S. troops, Biden vows retaliation
A drone start all through a armed forces exercising in an undisclosed site in Iran captured in a handout image received on Aug. 25, 2022. Iranian Military | West Asia Information Company | by way of Reuters Oil costs innovative early Monday soon after missiles introduced by Iran-backed militants killed U.S. troops in Jordan on […]
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