The record earnings of BP and Shell do not reflect the challenges most North Sea producers face from the windfall tax, argued ...

Bernard Looney, who once called the oil firm a "cash machine", has seen profits jump on soaring prices. Critics want the windfall tax to be extended after BP and Shell reported record profits for ...

BP and Abu Dhabi's state oil giant have made a non-binding offer to acquire 50 per cent of Israeli offshore natural gas ...

Across the Channel, BP on Tuesday announced net profits of $27.7 billion ... Norway’s Equinor, meanwhile, announced record net profits of $28.7 billion in a year that it replaced Russia as the EU’s ...

Ben and Max Morrissey were burned to death in an explosion and fire at the BP Husky oil refinery in Oregon, Ohio, just outside of Toledo. For American capitalism, the life of a worker is very cheap.

Workers are being left out in the cold when it comes to sharing this wealth, according to Unite general secretary Sharon ...

As BP faces backlash on dialing back on its pledge to reduce carbon emissions by 40% in 2030, the company insists it is ...

Chancellor of the Exchequer Jeremy Hunt is considering limiting the windfall tax on the profits of UK oil and gas companies ...

U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide ...

The earnings before interest and taxes (EBIT) liner shipping has made in the past three years are more than the combined ...

Zara owner Inditex, the world's biggest fashion retailer, reported record profits for 2022 despite halting operations in Russia and soaring global inflation.

In February, BP announced it would scale back its climate change plans after raking in record profits on the back of soaring ...