Oil and gas supermajors are kicking frantically below the water’s surface as they attempt to navigate the energy transition. In the second of a two-part series, we examine how BP and Shell have scaled back their low-carbon commitments.
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.
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.
Oil and gas giants are expected to fork out billions of pounds on share buybacks this year as they reap bumper profits.
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.
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.
New research has named ExxonMobil as the least "resilient" supermajor to weather the current oil downturn.
Reliance Industries Ltd., run by Asia’s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy 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.
Oil supermajors including Shell have no plans to return controversial Super Puma helicopters to service in the North Sea.
The supermajors are signalling the oil industry's return to the Gulf of Mexico's deep waters.