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 ...
Energy giant BP has reported a sharp drop in profits after oil prices fell last year. Profits were $13.8bn (£11bn) in 2023, down from a record $27.7bn in the previous year. Energy firms reported ...
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 ...
Campaign group Global Witness says BP CEO’s £8m paycheck would take an average UK worker 230 years to earn ...
For 2023, the supermajors booked smaller profits, although in absolute terms, the figures were yet again quite impressive.
PKO BP reported a 60% drop in fourth-quarter net profit on Thursday as Poland's largest bank was hit by a 1.99 billion zloty ...
Oil and gas firms operating in the North Sea are taxed differently. They pay 30% corporation tax on their profits and a ...
Record profits also allowed oil majors to strengthen ... raise taxes on profits by companies like Shell, Total, and BP, ban new oil and gas projects globally, and speed up public green investments ...
Payout by Saudi Arabia’s state-owned oil company likely to anger energy company campaigners Saudi Arabia’s state-owned oil ...
CORPORATE dividends globally hit an all-time high of US$1.66 trillion in 2023, with record payouts by banks making up half ..
Commentary: The state comptroller must explain his decision not to meaningfully divest from oil and gas stocks.
Lower oil prices have left BP’s share price undervalued against its peers, but oil is now trending up again, and the company ...