Oil and Gas
BP misses anticipations as profits slip on weaker oil and fuel selling prices
A BP gasoline station in Madrid, Spain. Sopa Photographs | Lightrocket | Getty Photos BP on Tuesday claimed a fall in very first-quarter financial gain, with success coming in under analyst anticipations amid a “drastically weaker” margin in fuels and decrease gasoline and oil rates. The British strength big logged underlying replacement charge profit, applied […]
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Exxon CEO says dispute with Chevron more than Hess Guyana oil belongings could drag into 2025
Darren Woods, chairman and chief govt officer of Exxon Mobil Corp, speaks for the duration of the 2024 CERAWeek by S&P Worldwide conference in Houston, Texas, US, on Monday, March 18, 2024. F. Carter Smith | Bloomberg | Getty Pictures Exxon CEO Darren Woods said Monday that the dispute with Chevron in excess of Hess […]
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AI could drive a natural gas boom as power companies face surging electricity demand
A chimney from the Linden Cogeneration Plant is seen in Linden New Jersey April 22, 2022. Kena Betancur | View Press | Corbis News | Getty Images Natural gas producers are planning for a significant spike in demand over the next decade, as artificial intelligence drives a surge in electricity consumption that renewables may struggle […]
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Oil huge Shell beats very first-quarter gain estimates, launches $3.5 billion share buyback
The Shell symbol is shown outside the house a petrol station in Radstock on February 17, 2024 in Somerset, England. Matt Cardy | Getty Images News | Getty Images British oil giant Shell on Thursday documented stronger-than-predicted initial-quarter income, boosted by higher refining margins and robust oil trading. Shell described altered earnings of $7.7 billion […]
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Chevron beats earnings estimates but financial gain falls on reduce refining margins and normal gas costs
Gasoline pumps are viewed at a Chevron fuel station in Orlando. Paul Hennessy | SOPA Images | Lightrocket | Getty Illustrations or photos Chevron beat earnings expectations Friday, but its financial gain fell from the year-in the past period of time as its refineries and international fuel organization faced headwinds. Right here is what Chevron […]
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Middle East escalation could trigger strength shock that fuels inflation, World Lender warns
A normal view of Isfahan Refinery, 1 of the major refineries in Iran and is considered as the to start with refinery in the region in phrases of diversity of petroleum products and solutions in Isfahan, Iran on November 08, 2023. Fatemeh Bahrami | Anadolu | Getty Pictures The outbreak of a significant conflict in […]
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BP trims down executive team, picks new head of its fuel and lower carbon energy organization
A common perspective of the BP brand and petrol station forecourt signal on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Photos British oil major BP on Thursday trimmed its executive team down to 10 users and announced William Lin as the new head of the firm’s oil and small […]
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‘Iran is in for the long haul’ with oil tanker hijacks, qualified suggests, as U.S. considers more sanctions
Iranian troopers just take aspect in an annual armed service drill in the coastline of the Gulf of Oman and around the strategic Strait of Hormuz. Anadolu | Anadolu | Getty Images The containership MSC Aries seized by Iran around the weekend marked at the very least the sixth vessel hijacked by Iran and its […]
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Oil is the ‘key danger to watch’ as Center East tensions increase, analysts say
Markets retained their great on Monday amid a quickly-going and unstable geopolitical landscape in the Center East — but the longer-expression risk high quality has possible risen, although oil charges continue to be on edge, analysts stated. Iran launched more than 300 drones and missiles against military services targets in Israel on Saturday, marking the very first […]
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BP’s EV charging arm cuts positions, decreases world-wide ambitions: Reuters
A BP symbol photographed in London on May perhaps 12, 2021. Glyn Kirk | Afp | Getty Visuals BP has minimize about a tenth of the workforce in its electric powered car charging company and pulled it out of numerous marketplaces immediately after a wager on swift advancement in commercial EV fleets didn’t pay off, enterprise […]
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