Oil traded near a two-week high in New York amid signs of a further drop in U.S. stockpiles and ongoing concerns that political friction in the Persian Gulf could disrupt exports.
July 31, 2019Business, Fuel
BP Bucks Trend of Big Oil Earnings Misses as Output Rises
BP bucked the trend of disappointing oil and gas earnings, beating expectations and increasing its cash flow as higher production offset the effect of lower energy prices.
July 30, 2019Business, Fuel
BP, Shell Both Claim to Be No. 1 in Investor Returns
Both BP Plc and Royal Dutch Shell Plc are claiming the top spot for investor returns within their peer group from 2016 to 2018. That’s an important metric — taking first place was a significant element in the doubling of Shell CEO Ben van Beurden’s pay last year.
March 29, 2019