Tag: Oil and Gas

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Shell CEO says he is pleased with the energy firm’s progress in 2023
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Shell beats expectations for full-year 2023 profit

A Shell logo displayed on a sign at a gas station in Nakuru, Kenya. Sopa Images | Lightrocket | Getty Images British oil giant Shell on Thursday beat expectations for full-year profit, announcing a 4% increase to its dividend and a $3.5 billion share buyback program. Shell reported adjusted earnings of $28.25 billion for the full-year 2023,...

BP has a 'commitment to transition' into non-oil and gas businesses, BP CEO says
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Steep drop in profit on lower oil and gas prices

LONDON — Oil major BP on Tuesday reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel prices, echoing a trend observed across the energy industry. The British energy major posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.6 billion. Analysts had expected BP to...

Shell CEO: Focused on creating more value with fewer emissions
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Oil giant Shell posts sharp drop in profit on weaker commodity prices

General view of the Shell logo. Picture Alliance | Picture Alliance | Getty Images LONDON — British oil giant Shell on Thursday reported a sharp year-on-year drop in second-quarter profit, citing lower fossil fuel prices and refining margins. Shell posted adjusted earnings of $5.1 billion for the three-month period through to the end of June,...