Profits


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A Tale of Two Divestments: BP & Shell

Two major sales by supermajors have captured the headlines recently: BP's exit from the petrochemicals sector through a sale to INEOS, and Shell reaffirming its desire to sell its 35% stake in the Abadi LNG project in Indonesia. But BP's footprint in the petrochemicals business has been shrinking ...

Hui Shan


Posted 3 months agoLink > ShellIndonesiaChevron +6

Wrapping Up The Decade - Q419 Financials Of Oil Majors

For ExxonMobil, revenue and net profits were both down by 5%, with the company blaming the ‘tough environment' and depressed margins for its oil, gas, refining and chemicals businesses that will spill into 2020. Although the French company was also affected by slumping natural gas prices, along w ...

Hui Shan


Posted 8 months agoLink > BPShellTotal +4

The State of the Industry: Q2 2019

In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...

Hui Shan


Posted 1 year agoLink > ShellExxonMobilBP +6

Q2, 2018 - Accelerated Profit Growth in the Oil & Gas Sector

  In a quarter where oil prices were at their strongest levels since early 2015, the oil industry largely reported a healthy bump in revenues and profits. Investors and institutions had anticipated this, expecting strong results, but although numbers were healthily in the black all around, not e ...

Easwaran Kanason


Posted 2 years agoOpinion > ProfitsQ2Oil Companies +6