BP and Shell to reveal lower profits amid decline in oil refining margin
BP (LON:BP) and Shell (LON:SHEL) are next week expected to post lower third-quarter profits than in 2023 against a backdrop of weak oil prices and faltering demand.
supermajors
BP stock trails Shell as investors turn away from green energy
London’s old-school oil stocks are no longer moving in tandem, as BP Plc underperforms Shell Plc due to concerns over the former’s green-energy transition and the outlook for earnings and shareholder payouts.
Big Oil forecast to return billions to shareholders this year
Oil and gas giants are expected to fork out billions of pounds on share buybacks this year as they reap bumper profits.
Exxon rebounds to first profit since 2019 on crude surge
Exxon Mobil snapped a record streak of losses as rising oil and natural gas prices bolstered one of the biggest dividends in the S&P 500 Index.
Big Oil: Time for a spin-off?
With Covid-19 continuing to impact the profitability of the supermajors, Ano Kuhanathan, sector advisor at trade credit insurer, Euler Hermes, argues that now is the time for the supermajors/Big Oil to start spinning off their renewables divisions.
ExxonMobil is the least resilient oil supermajor – Wood Mackenzie
New research has named ExxonMobil as the least "resilient" supermajor to weather the current oil downturn.
Reliance surpasses BP to join elite oil supermajor club
Reliance Industries Ltd., run by Asia’s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors.
Cost reductions likely to bottom out, says report on supermajors
Significant progress in cost reduction in the oil and gas sector is likely to bottom out this year, according to a new report on the performance of supermajors.
Shell and other supermajors say ‘no plans’ for return of Super Pumas
Oil supermajors including Shell have no plans to return controversial Super Puma helicopters to service in the North Sea.
Supermajors signal return to Gulf of Mexico with US bidding war
The supermajors are signalling the oil industry's return to the Gulf of Mexico's deep waters.