BP Plc said it will cut oil and gas output more slowly this decade after the supply disruption caused by Russia’s invasion of Ukraine boosted prices and delivered record profits. While the British company said […]
Some of the world’s largest oil and gas companies have declared the highest-ever profits since people started using petroleum, rewarding shareholders with higher dividends and share buybacks while spending relatively little of it on renewable […]
The world wants and needs energy that is secure and affordable as well as lower carbon. That’s what BP Chief Executive Bernard Looney said in a “To tackle that, action is needed to accelerate the […]
ENB Pub Note: This follows on the heels of BP announcing they are reducing investments in non-profitable renewable projects and billions of dollars of losses in a couple of wind companies. “Renewable is not sustainable […]
Shell Plc’s natural gas business can continue to grow after making record profits in 2022, as the global thirst for the fuel no signs of slowing, said Chief Executive Officer Wael Sawan. After years of questions over […]
Full-year 2022 earnings were $18.7 billion, or $14.57 per share, compared with full-year 2021 earnings of $8.1 billion, or $6.07 per share. Excluding special items, full-year 2022 adjusted earnings were $17.3 billion, or $13.52 per […]
BP says renewables are not profitable – NATO wants EV tanks – Scotland has a wind pollution problem. What a day. The key takeaway is that there is a trend from global investors to demand […]
LONDON—BP PLC BP 0.58%increase; green up pointing triangle Chief Executive Bernard Looney plans to dial back elements of the oil giant’s high-profile push into renewable energy, according to people familiar with recent discussions. Mr. Looney has said he is disappointed in the […]
UK-headquartered energy giant BP has unveiled its new energy outlook, highlighting the main trends and uncertainties surrounding the energy sector and the transition to low-carbon and green energy sources over the next three decades. With […]
ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for […]
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