PARIS/LONDON -The five biggest global oil majors are moving to cut costs, jobs and share buybacks as falling oil prices threaten to make shareholder payouts unsustainable without increasing debt, ...
In its most recent results, BP suspended its share buyback plan as it shifted to boosting its balance sheet. This happened as ...
European energy majors Shell (SHEL) and TotalEnergies (TTE) are among companies that may be interested in taking a majority stake in one of the U.S. Gulf's most promising sites, Reuters reported late ...
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BP Stock Climbs. New Chairman’s Record Shows How to Make Oil Major More Like Exxon, Chevron.
BP appointed a chairman who is best known for taking another London-listed company to the New York Stock Exchange. Albert Manifold, an Irish national, got the job after serving as the chief executive ...
Five oil supermajors have made just under $500bn (£346bn) in profits since the Russian invasion of Ukraine, an analysis of company earnings shows, even as households across Europe have continued to ...
BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government's first sale of oil and gas drilling rights in the Gulf of Mexico since 2023. The auction, which ended with $279.4 ...
After years of pledging to cut fossil fuel output, Big Oil is pivoting back to large-scale oil and gas exploration as the energy transition slows and conventional energy profits remain strong.
European energy giants TotalEnergies, Shell, and BP are reportedly exploring a majority stake in the Shenandoah ...
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