Energy giant BP has reported a sharp drop in profits after oil prices fell last year. Profits were $13.8bn (£11bn) in 2023, ...
The commodity trading industry has accumulated as much as $120bn in cash reserves after five years of record growth, building a war chest that the biggest traders are set to reinvest to strengthen ...
The record results come after allowing for costs associated with BP's takeover last year of oil ... City analysts confirmed that much of the higher profits from petrol sales came from the US ...
Supermajors had a record-shattering financial year ... bucking the overall trend of normalizing profits following normalizing prices. BP, for instance, booked a profit of $13.83 billion for ...
The commodity trading industry currently has the means to reinvest strategically in long-term deals and strategic decisions.
Almost no matter the metric, the U.S. oil and gas industry has flourished under President Joe Biden, even though his ...
But the IEA faces a backlash from Big Oil and Republican supporters in the US Congress, with a group of lawmakers accusing the agency on Wednesday of adopting “misguided and troubling” positions on ...
In BP's case, its respectable earnings growth can probably be explained by its low three-year median payout ratio of 18% (or ...
Payout by Saudi Arabia’s state-owned oil company likely to anger energy company campaigners Saudi Arabia’s state-owned oil ...
The global commodity trade industry, comprising sectors such as oil, natural gas, electricity, metals and mining, as well as ...
NEW YORK — The S&P 500 rose to a record March 19 as Wall Street made some of its final ... says it's cutting 7,500 jobs and ...
Overall profits fell by just under 25% to $121.3bn ... the profit figure was the second highest reported by Saudi Aramco after its record $161.1bn in 2022, the largest profit recorded by an ...