He said BP, Shell, and Equinor reduced low-carbon spending by 8% in 2024, according to the Reuters report.

BP promised to slash its emissions, Shell pledged to go “net zero,” and ExxonMobil trumpeted its efforts to transform algae into fuel.

BP said it expected to be able to deliver share buybacks of $4 billion per year, while Shell announced plans to hand back $8.5 billion to shareholders in the first half of 2022, including proceeds ...

BP's stock price jumped as much as 10% after the Wall Street Journal reported that rival Shell is in early talks to acquire the British oil company. Shares of BP jumped $3.11, or 10%, to $32.94 in ...

Shell promptly rejected the report, but the market’s response was telling—BP shares eventually ended up 1.6%, suggesting that investors are reassessing the company's strategic worth and ...

BP and Royal Dutch Shell have both reported a steep decline in profits in 2019 after average oil and gas prices were more than 10% lower than the year before. However, markets responded very ...

Worse, BP’s $53.8 billion in long-term debt equals over 70% of its current market cap. Shell, by contrast, carries $65.1 billion in debt, just 30% more than its valuation.

Shell and BP together wouldn’t even come close to dominating the market the way Apple or Google can in their space. So regulators see it more like combining two big pieces of a much bigger ...

While Shell's downstream margins have averaged at around 4.8% for the last three years, BP's margins have risen from 1.5% in 2014 to 4.5% in 2016, taking the three year average to 3.1%.

On April 25, the five companies that operate refineries in Washington — BP, Andeavor, Phillips 66, U.S. Oil & Refining Co. and a Royal Dutch Shell subsidiary — made initial pledges totaling ...

Reporting earnings on Tuesday, BP (BP) posted an annual profit of almost $12.9 billion. Shell (RDSA) reported a profit of $19.3 billion last week after what it described as a “momentous” year.

Equinor, Shell, and Total cover scope 3 emissions, but only through carbon intensity targets rather than absolute reductions. BP is good on the surface, except it contains some pretty big loopholes.