The commodity trading industry made record estimated profits of $104bn last year, a McKinsey report said, even as market volatility decreased and earnings at some of the biggest groups fell.
The FTSE 100 giant forecasts upstream production to be larger in the first quarter of 2024 than in the previous three months.
Commodity traders have amassed up to $120 billion in cash over several successive years of record performance and profits ... December that it would buy from BP a majority 75% stake in Bahía ...
BP expects a boost to first-quarter profit from higher oil, gas and low-carbon energy production, while lower natural-gas prices will temper gains. The British energy major on Tuesday backed its ...
The sources quoted said the UAE's state-owned oil firm's deliberations did not go beyond the preliminary stage, so that ...
The FTSE 100 index is forecast by IG Index to open about 30 points lower at 7965, having risen 0.9% in Friday’s session to ...
The record profits have also increased the cash available ... agreed to buy a gas-fired energy plant in Spain from BP. Gas and power trading has overtaken oil as the biggest source of profits ...
The profits of the top five publicly traded oil companies, for example — BP, Shell, Exxon ... to transition to a clean energy economy, record domestic oil and gas production is helping to ...
After years of legal appeals and delays, some oil companies are set to stand trial in lawsuits brought by state and local ...
but the reality is these profits have caused pain and suffering among people in fuel poverty." Energy debts, meanwhile, have hit a record £2.9bn. Shock research earlier this month found one in ...
Chief executive Wael Sawan said Shell was "undervalued" in its London listing, but what does the City have to do to keep its golden gas goose.
GREGGS has been sharing its dough with staff, handing out more than £200million over the past 50 years. Britain’s biggest ...