TotalEnergies SE
Iraq signs deal with Exxon to help develop large oilfield
A worker checks the valve of an oil pipe at Nahr Bin Umar oil field, north of Basra, Iraq. Essam Al-Sudani | Reuters Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its giant Majnoon oilfield and expand oil exports, government officials and sources said, marking the U.S. major’s return to the […]
Read More
Energy supermajors are betting big on LNG, shrugging off peak gas predictions
Oil majors are betting big on liquified natural gas (LNG), throwing down the gauntlet to predictions of peak gas by the end of the decade. Britain’s Shell , a leading player in the global LNG market, has identified the super-cooled commodity as a primary focus amid the energy transition. France’s TotalEnergies said it expects LNG […]
Read More
More European companies are shunning high-stakes deals in favor of smaller M&As
Flush with cash from a period of resilient earnings, a growing number of European companies are shunning high-stakes deals in favor of smaller and targeted “bolt-on” acquisitions to pursue growth. Executives from industrial giants to consumer goods firms are deploying capital on strategic deals designed to snap up competitors and acquire technologies instead of staking […]
Read More
Oil giant Shell posts profit beat, keeps share buyback pace steady at $3.5 billion
The brand logo of the mineral oil and natural gas company Shell plc can be seen at a filling station of the company in Nuremberg (Bavaria) on July 25, 2025. Picture Alliance | Picture Alliance | Getty Images Britain’s Shell on Thursday reported better-than-expected second-quarter profit and maintained the pace of its shareholder returns, despite […]
Read More
Tariffs are hitting European firms hard. Here are the sectors to watch as earnings kick off
Key Points Second-quarter earnings are set to be reported against a background of macro-economic uncertainty governed by U.S. President Donald Trump’s trade tariffs. Energy, the cyclical consumer and the financial sector will be some of the most closely watched in European markets this reporting season. Earnings per share across Europe’s benchmark Stoxx 600 are expected […]
Read More
The palace, the protests and the red carpet: How OPEC’s seminar played out
The Hofburg palace receives attendees to the July 9-10 OPEC Seminar conference in Vienna. Ruxandra Iordache | CNBC For centuries, Vienna’s romantic Hofburg palace served as a winter residence of the imperial Habsburg dynasty — this week, though, it welcomed Saudi royalty, energy ministers, top CEOs and a slew of analysts traders and more. Here are some highlights: The […]
Read More
Top oil CEOs sound the alarm as Israel-Iran strikes escalate
Smoke billows for the second day from the Shahran oil depot, northwest of Tehran, on June 16, 2025. – | Afp | Getty Images Top oil chief executives have raised the alarm over Israel and Iran’s escalating conflict, warning about the consequences of further attacks on key energy infrastructure. Israel’s surprise attack on Iran’s military and […]
Read More
Bye-bye buybacks? Big Oil’s record-breaking shareholder payouts are under threat
Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the U.S. and China to temporarily lower their reciprocal tariffs and a falling U.S. dollar. Imaginima | E+ | Getty Images A protracted slump in crude prices has ramped up the pressure on Big Oil’s commitment to allocate cash […]
Read More
European stocks open higher on China-U.S. optimism
European stocks opened higher on Friday, as investors assessed a signal that China is seeking trade negotiations will the U.S. The Stoxx 600 index jumped 0.88% in early deals, led by mining stocks, up 2.5%, while banks climbed 1.7%. Most markets were closed on Thursday for the May 1 holiday. London’s FTSE 100 ended a choppy […]
Read More
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 […]
Read More