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BP, Shell, and Exxon Signal One Thing: Oil Isn’t Going Anywhere
BP, Shell, Exxon, and Chevron are boosting fossil fuel investments after disappointing returns on green energy ventures.
Shell slashes costs in ‘relentless’ drive to close valuation gap with US rivals
Shell had already cut its spending on renewables and low-carbon energy from $5.6bn in 2023 to $2.4bn last year and would now ...
Oil & Gas Journal3h
Majors pull back from renewable energy investments
The spending plans for 2025 indicate that the oil giants are prioritizing efficiency and returns over aggressive growth ...
BP CEO’s Plan to Catch Exxon and Chevron: Make More Cash From the Gulf
BP CEO Murray Auchincloss says that the oil major is on the cusp of churning out much more cash than previously.
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Oil Majors Warn That Australia’s Natural Gas Policy Could Make Shortages Worse
Shell, Chevron, and Exxon have warned the Australian government that its proposal to create a domestic gas reserve could ...
Shell increases shareholder returns and doubles down on LNG
Shell recently revamped its focus on oil and gas output, a move which has been greatly welcomed by shareholders, due to the ...
Shell’s revamped strategy is a ‘successful failure’
In 1970, the National Aeronautics and Space Administration (NASA) described the Apollo 13 mission as "successful failure" ...
Elliott takes big short position in Shell amid BP campaign
U.S. activist hedge fund Elliott Management, currently campaigning for more change at BP in its capacity as a BP shareholder, ...
Nairametrics1d
NEITI to review $6 billion oil asset sales by Shell, ExxonMobil, others in Nigeria
The Nigeria Extractive Industries Transparency Initiative (NEITI) has announced a review of divestments involving 26 oil blocks worth $6.03 billion ...