Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to Continue Reading
Since the oil price plummet it 2014, Shell has transitioned its business model over to refining oil, offering other refined oil products, and producing petrochemicals. The oil giant will produce Continue Reading
When most people think of green energy supporters, fossil fuel companies rarely spring to mind. It is no secret that there is huge money in oil, and coupled with its Continue Reading
The surge in profits that Royal Dutch Shell announced on Thursday brought to a close a strong set of third-quarter results from the world’s biggest oil and gas groups, where Continue Reading
Oil companies are set to resume hydrocarbon exploration but will not exploit reserves as oil price remains a challenge for big ticket developments. Leading oil majors are expected to increase Continue Reading
Royal Dutch Shell said Wednesday it made further progress in a major divestment plan by completing the sale of assets in Gabon and in the North Sea. For $628 million, Continue Reading
BP and Shell have similar levels of indebtedness—net debt to equity ratios in the mid-30s—and both say they can break even at oil prices around $50 a barrel, meaning their Continue Reading
Rising oil and natural gas prices boosted third-quarter profits at Exxon Mobil Corp and Chevron Corp by about 50 percent, underscoring how reliant they remain on commodity markets for their Continue Reading
Exxon Mobil Corp ( XOM.N ), the world’s largest publicly traded oil producer, posted a higher-than-expected quarterly profit on Friday as higher crude and natural gas prices more than offset Continue Reading
Exxon Mobil posts big quarterly gains, despite the revenue impact from Hurricane Harvey. Even though Hurricane Harvey had a $160 million impact on earnings, U.S. supermajor Exxon Mobil said third Continue Reading
