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 ...
BP faces fierce new criticism from motorists groups today as it announced a record profit of £5.58 billion for the six months to 30 June. The company says higher margins on oil refining rather ...
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 ...
Campaign group Global Witness labels Murray Auchincloss’s £8m paycheck ‘sickening’ and says it would take an average UK ...
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 ...
Payout by Saudi Arabia’s state-owned oil company likely to anger energy company campaigners Saudi Arabia’s state-owned oil ...
Find out more about subscription packages here. CORPORATE dividends globally hit an all-time high of US$1.66 trillion in 2023 ...
Commentary: The state comptroller must explain his decision not to meaningfully divest from oil and gas stocks.
Oil and gas firms operating in the North Sea are taxed differently. They pay 30% corporation tax on their profits and a ...
Lower oil prices have left BP’s share price undervalued against its peers, but oil is now trending up again, and the company ...
European and US oil majors have made record profits totalling more than €260 billion since the Russian invasion of Ukraine started in February 2022, according to NGO Global Witness. The five ...