Wednesday, 9 April 2025
FILE PHOTO: ExxonMobil logo is seen in this illustration taken, October 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessNewsOil

Exxon delivers $9.2 billion second-quarter profit, raises output target

Rising oil prices and a boost from buying Pioneer lead Exxon Mobil to bumper Q2 profits.

A picture released by the media office of Iraqi Prime Minister Mohamed Shia al-Sudani shows him  looking on as BP CEO, Murray Auchincloss (L) and Iraqi Oil Minister Hayan Abdul Ghani al-Sawad sign a memorandum of understanding to develop oil and gas fields in Kirkuk. (IRAQI PRIME MINISTER'S PRESS OFFICE)
BusinessNewsOil

BP to develop new oil and gas fields in Iraq

BP-Iraq deal will see the energy giant develop four fields to extract some of the 145 billion barrels of reserves.

An exhibition booth of Shell is seen at the World Gas Conference 2022 in Daegu, South Korea May 23, 2022. Picture taken May 23, 2022. REUTERS/Florence Tan/File Photo
News

Shell beats forecasts with $6.3 billion second quarter profit

Shell reported Q2 profit of $6.3bn, a drop of 19% from the previous three months, as refining margins and oil and gas trading...

A MAN hydrogen combustion engine truck which is under development, is shown in this undated  handout photo obtained by Reuters on July 31, 2024. MAN Truck & Bus SE. /Handout via REUTERS
AutomotiveEmissionsHydrogenNewsTransport

Big truckmakers bet on hydrogen to extend combustion engine life

With electric batteries not up to the task of long-haul freight, hydrogen trucks offer a chance for low-emission deliveries.

News Release

Transocean Ltd. Announces $531 Million Ultra-Deepwater Drillship Contract

STEINHAUSEN, Switzerland, July 31, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced a 1,095-day contract for the Deepwater Invictus with...

Carbon ManagementElectricityFuelNewsPoliticsRegulationsStorage

Indonesia aims to accelerate carbon storage sector development

Indonesian government aims to accelerate development of a carbon capture and storage industry to help fight climate change

BP posted a profit of more than £4.2 billion after a stronger-than-expected second quarter (Alamy/PA)
BusinessNewsOil

BP delivers higher-than-expected profits and raises dividend

BP profits beat expectations but problems with refining business means figures are down year-on-year.

News Release

Subsea7 – Subsea Integration Alliance awarded EPCI contract offshore UK

Luxembourg – 29 July 2024 - Subsea7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable(1) contract by bp...

News Release

Baker Hughes Company Announces Second-Quarter 2024 Results

Second-quarter highlights Orders of $7.5 billion, including $3.5 billion of IET orders.RPO of $33.5 billion, including record IET RPO of $30.2 billion.Revenue of...

FILE PHOTO: The prices at a Valero Energy Corp gas station are pictured in Pasadena, California October 27, 2015.  REUTERS/Mario Anzuoni/File Photo
BusinessFinanceFuelNewsOil

Valero Energy beats estimates, but second-quarter profit falls on weak margins

Refiner Valero Energy reported lower Q2 profit on Thursday, but beat earnings estimates as strong processing volumes offset a margins slump

Login into your Account

Please login to like, dislike or bookmark this article.