Category: United Kingdom

Royal Dutch Shell Plc, which is on the brink of completing the oil industry’s largest deal in a decade, said fourth-quarter profit fell 44 percent after the rout in crude Continue Reading

Shell’s earnings have come under pressure from weak oil prices. The Anglo-Dutch oil company’s fourth-quarter profit on a current cost-of-supplies basis—a number similar to the net income that U.S. oil Continue Reading

Oil companies are groping around in the dark. It is hard to be confident that dawn is imminent. In BP’s case, a respectable headline cash-flow figure was flattered by movements Continue Reading

BP’s final results for 2015 revealed its worst performance for more than two decades and that it will lose 7,000 members from its workforce in 2016 and 2017. Super major Continue Reading

Royal Dutch Shell said it took in more than $60 million for the sale of a majority of its holdings in a Malaysian refining company to a national company there. Continue Reading

A British plan to develop an industrial-scale shale natural gas industry within a decade is an “attack on democracy,” an environmental campaign group said.  Advocacy group Friends of the Earth Continue Reading

Royal Dutch Shell Plc had its debt rating cut to the lowest since Standard & Poor’s began coverage in 1990, and downgrades of several other major European oil and gas Continue Reading

The newest measure of the oil industry ’s falling fortunes came on Tuesday in the form of a $3.3 billion fourth-quarter loss reported by BP . For all of 2015, Continue Reading

BP ( BP.L ) slumped to its worst annual loss in over 20 years in 2015, the British oil and gas company announced on Tuesday, and said it would cut Continue Reading

BP Plc reported a 91 percent decline in fourth-quarter earnings after average crude oil prices dropped to the lowest in more than a decade. The company’s shares fell the most Continue Reading