Shell (NYSE: SHEL) reported on Thursday another record in quarterly earnings—its second record-setting quarter in a row–as oil and gas prices surged and refining margins spiked. Shell booked adjusted earnings—the measure most closely watched by analysts—of $11.472 […]
With high oil prices and an incredibly tight physical oil market, Iran’s oil industry is bouncing back and providing the government with significant income. China, Russia, Turkey, Venezuela, and Afghanistan are all eager to increase […]
Top Western energy companies are expected to unleash billions in returns to shareholders when they announce what is set be a second-straight quarter of record-breaking profits, lifted by stellar refining margins and high oil and […]
Exxon Mobil Corp (XOM.N) on Friday signaled that skyrocketing margins from fuel and crude sales could generate a record quarterly profit, according to a securities filing. Energy prices have shot up this year with oil selling for […]
Independent oil refiner and marketer Marathon Petroleum Corporation MPC reported earnings per share of $1.49, which comfortably beat the Zacks Consensus Estimate of $1.12 and compared with a loss of 37 cents per share in the year-ago […]
CALGARY, Alberta, Feb. 10, 2022 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks […]
Oil supermajor Shell is facing some big changes in its future as stakeholders approve the long-talked-about move from the Netherlands to the U.K. This follows months of controversy over its scheduled North Sea Cambo oilfield […]
LONDON (Reuters) – Breaking up oil major Royal Dutch Shell into separate fossil fuels and renewables companies might be financially compelling but would not work in real life, finance chief Jessica Uhl said on Thursday. […]
OilPrice.Com As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish the week 7 percent down. Friday, August 20th, 2021 […]
Saudi Aramco is bucking the trend among oil majors by spending the windfall from this year’s surge in energy prices on boosting production capacity rather than increasing returns for shareholders. While Aramco will maintain its hefty […]
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