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BP shares fall to lowest since 2022 after sharp drop in the oil major's third-quarter profit

British oil major BP on Tuesday reported its weakest quarterly earnings in nearly four years, weighed down by a slump in crude prices.

Business - CNBC - October 29

BP reports lowest quarterly profit since pandemic on weak oil prices

Energy group pledges to review share buyback plan in February after latest $1.75bn repurchase

Business - Financial Times - October 29

BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas

The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.

Business - The New York Times - October 29

Shell shares rise as oil major brushes off impacts of global refining slump

The British oil major beat forecasts in posting a 4% drop in its third-quarter profits to $6 billion in the face of a global slump in the market for refined products including diesel, jet fuel and ...

Business - MarketWatch - October 31

Oil prices lifted by report Iran may be planning another major strike on Israel

Oil futures finished higher on Friday, finding support after a news report that Iran may be planning another major strike on Israel.

Business - MarketWatch - 6 days ago

Activist Investor Doubles Down on Calls for Executive Changes at BP

U.K. activist investor Bluebell Capital Partners is pushing BP to remove its chairman and lead independent director.

Business - The Wall Street Journal - October 14

Investors need clarity on BP policy not boss’s weak promises

Shareholders still do not know if giant will jettison goal to cut oil and gas production by 25% by 2030. There goes another of BP’s shiny targets-cum-ambitions. This one is not related to the pace ...

World - The Guardian - October 29

BP's Profit Hits Four-Year Low on Commodity Market Weakness

BP’s profit tumbled in the third quarter, although less than expected, as weak oil prices and refining margins continue to weigh on the energy sector.

Business - The Wall Street Journal - October 29

BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19

BP’s profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasoline

Business - MarketWatch - October 29

'This is major for me! This is massive!'

The problem with the term ‘global majority’

Endless searching for a label to describe ethnic minority groups is ultimately futile

World - Financial Times - October 29

Republicans capture Senate majority

Republicans on Tuesday captured the Senate, Decision Desk HQ projects, ending their painful four-year stretch in the minority. The victories come as a welcome relief to Republican senators after ...

Politics - The Hill - 2 days ago

Oil prices drop over 4% after report Israel won’t target Iran’s oil facilities

Oil futures dropped by more than 4% on Tuesday, with U.S. and global benchmark prices settling at their lowest in about two weeks after a report that Israel will not attack key oil facilities in Iran.

Business - MarketWatch - October 15

Oil prices drop over 6% after Israeli airstrikes spare Iran’s oil facilities

Oil futures fell sharply Monday, with U.S. and global benchmark crude posting the largest one-day percentage decline in over two years after widely anticipated Israeli airstrikes against Iran did ...

Business - MarketWatch - October 28

OPEC extends oil output cuts

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

Politics - The Hill - 4 days ago

Why major retailers are closing stores

Over the weekend, the last full-sized Kmart in the continental U.S closed. Other retailers like Dollar Tree, Macy's, CVS and more have also closed stores over the years. Business editor at USA ...

Will Democrats be able to claim the House majority?

With about 54 seats in the House yet to be called, Democrats are hopeful that they can claim the House majority by winning over swing districts in New York and California. In several battleground ...

Olive oil heartlands battle over the industry’s future

Mega farms are encroaching on a market long dominated by smallholders, as prices remain near record highs

World - Financial Times - October 14

Reeves cuts National Wealth Fund budget despite UK investment drive

Chancellor’s decision comes as government seeks to work with private sector to decarbonise economy

Business - Financial Times - October 14

Crude oil tumbles as Middle East fears recede

Demand from China weaker than expected, says International Energy Agency

Business - Financial Times - October 15

Woodside Narrows Oil, Gas Output Guidance

Woodside said its sales revenue totaled $3.68 billion in the third quarter, up 21% on the previous three months and driven partly by higher average LNG prices.

Business - The Wall Street Journal - October 15

Allred backs oil in bid to take down Cruz

Welcome to The Hill's Sustainability newsletter {beacon} Sustainability Sustainability The Big Story Allred backs oil in bid to take down Cruz In Texas’ tight and acrimonious Senate race, there ...

Politics - The Hill - October 16

US oil companies risk an unexpectedly large bill

Investor group alleges that US oil and gas groups are breaking the rules on corporate financial disclosure

World - Financial Times - October 18

Oil prices end lower on progress toward Israel-Hamas cease-fire talks

Oil futures finished lower on Thursday, after comments from U.S. Secretary of State Antony Blinken suggesting progress toward Israel-Hamas cease-fire negotiations eased the risk of disruptions to ...

Business - MarketWatch - October 24

Money from oil execs flows to Trump

{beacon} Energy & Environment Energy & Environment The Big Story Oil and gas tycoons open wallets for Trump The executives made significant contributions supporting former President Trump's ...

Politics - The Hill - October 31

Exxon and Chevron Feel Brunt of Cheaper Oil

The oil giants posted lower third-quarter profits as energy prices sank and fuel-making margins narrowed.

Business - The Wall Street Journal - November 1

With Oil Prices Weak, OPEC Plus Postpones Increases Again

Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.

Business - The New York Times - 4 days ago

Opec+ members delay planned rise in oil production

Cartel to leave output curbs in place an extra month in effort to boost anaemic crude prices

Business - Financial Times - 4 days ago

Oil Jumps as OPEC+ Further Delays Output Hike

Oil prices rose after OPEC and its allies pushed back a planned production increase by a month, signaling caution amid growing concerns about weaker global demand and lower prices.

World - The Wall Street Journal - 4 days ago

Saudi Aramco Profit Falls on Oil-Price Weakness

The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 billion.

Business - The Wall Street Journal - 3 days ago

Explosion at Turkish oil refinery injures 12

An explosion at an oil refinery in northwestern Turkey has slightly injured 12 employees and a fire at the facility has been brought under control

World - ABC News - 3 days ago

Oil prices fall after China stimulus disappoints

Oil futures fell Friday, with weakness tied in part to disappointment in China’s latest round of stimulus measures.

Business - MarketWatch - 4 hours ago

Senate majority at risk of falling out of reach for Democrats

Former President Trump's strength in the upper Midwest is putting Senate Democrats on defense, giving the GOP hopes it can not only win the Senate majority but grow it beyond a seat or two. ...

Politics - The Hill - October 15

'Exhilarating and terrifying': Inside the summer of the high-major rebuild

Arkansas, Kentucky, Michigan, USC, Louisville and DePaul began the offseason with new coaches -- and virtually no rosters. Here's how they retooled.

Sports - ESPN - October 17

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

Major outage leaves all of Cuba without power

A major power outage has left Cuba without power. The Ministry of Energy and Mines posted on the social platform X at 12:35 p.m. EDT Friday informing the public the National Electricity System ...

Politics - The Hill - October 18

A Major Push to Protect Nature Is Happening Now

Delegates from around the world are meeting in Colombia in what is expected to be the biggest U.N. biodiversity conference in history.

World - The New York Times - October 21

Moldovans back joining the EU by razor-thin majority

Final result sees ‘yes’ vote scrape ahead by 13,000 votes, narrowly avoiding shock setback for pro-western president. Moldovans have voted by a razor-thin majority in favour of joining the EU after ...

World - The Guardian - October 21

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