BP trims down executive team, picks new head of its gas and low carbon energy business

cnbc.com A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. British oil major BP on Thursday trimmed its executive team…

BP to Simplify Group Structure

wsj.com BP said it plans to simplify its organizational structure in an effort to reduce duplication and complexity, though it will keep its three business units.

Where Should Energy Investors Be Looking Today?

247wallst.com In today’s episode of the 24/7 Wall St Podcast Lee Jackson and Doug McIntyre discuss where energy investors should be looking today, and what discuss scenarios whether oil…

KKR entrusting green transition to ex-CEO of oil-guzzling giant Shell

fortune.com Private equity giant KKR has turned to an unusual source to spearhead its green investment program—the former boss and 39-year veteran of oil-drilling giant Shell. KKR has…

Shell urges investors to reject shareholder group’s climate demands

theglobeandmail.com Shell SHEL-N on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, urging the energy company to set tighter climate…

Joe Biden Promised a Green Transition. What We Got Was More Drilling

newsweek.com Three years ago—in the wake of wildfires tearing through 5,000 acres of Western America—President Joe Biden's "Climate Day" heralded a seismic shift towards an eco-friendly…

What's Going On With BP Shares Today

benzinga.com The operator of the Azeri-Chirag-Gunashli (ACG) project announced the start-up of oil production from the new Azeri Central East (ACE) platform as part of the ACG field…

Activist investing is no longer the preserve of hedge-fund sharks

economist.com Trade unions rarely look to corporate raiders for inspiration. Yet the Strategic Organising Centre (SOC), a coalition of North American workers groups, is mounting the sort…

BP starts oil production at new offshore platform in Azerbaijan

theglobeandmail.com BP BP-N has started oil production at a new Azeri Central East (ACE) offshore platform in the Caspian Sea, the company said on Tuesday, bolstering declining oil output in…

Energy & Utilities Roundup: Market Talk

wsj.com s BP and Shell and more in the latest Market Talks covering Energy and Utilities.

Kinder Morgan Stock Bid Up In An Oil Breakout

marketbeat.com The price of oil has become top-of-mind for many investors. Wall Street is now watching global developments that could, unfortunately, escalate into full-on conflicts that…

BP Layoffs 2024: What to Know About the Latest BP Job Cuts

investorplace.com British oil giant BP (NYSE: ) recently announced job cuts in its electric vehicle charging sector, the latest example of BP layoffs. Indeed, the firings are directed toward…

Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’

theguardian.com Tesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, as the electric carmaker reacts to slowing demand and pressure on prices. The…

Tesla to Axe 10% of Workforce as Dipping Sales, Price War Bite

asiafinancial.com US EV giant Tesla is to axe more than 10% of its global workforce, amid falling sales and an increasingly brutal price war, according to an internal memo. The world’s…

Tesla to lay off 10% of its workforce as sales fall

cbc.ca Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen on Monday shows, as it grapples with falling sales and an intensifying price war for…

Tesla to lay off more than 10% of staff globally as sales fall

finance.yahoo.com Tesla will lay off more than 10% of its global workforce, an internal memo seen on Monday shows, as it grapples with falling sales and an intensifying price war for electric…

BP’s EV charging arm cuts jobs, reduces global ambitions

theglobeandmail.com BP BP-N has cut over a tenth of the work force in its electric vehicle charging business and pulled it out of several markets after a bet on rapid growth in commercial EV…

Shares in European Oil Majors Fall as Oil Dips

barrons.com Shares in European oil-and-gas majors are down as oil prices have dipped despite heightened Middle East tensions. "This decline could be a sign that the market believes…

6 Ultimate Dividend Stocks for Long-Term Passive Income Growth

247wallst.com Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%. Therefore, sustainable…

Why ‘the dam would break’ if Shell quit the FTSE

finance.yahoo.com Endless hours have been spent imagining a world without oil as net zero looms decades in the future. In London, however, stock exchange chiefs face the prospect of a more…

Investors Bet On Further Rise In US Gasoline Prices

zerohedge.com Investors Bet On Further Rise In US Gasoline Prices By John Kemp, senior energy analyst at Reuters Portfolio investors have amassed one of the largest bullish positions in…

3 Hydrogen Stocks to Turn $300K Into $1 Million: April 2024

investorplace.com 2023's downturn sets the stage for Hydrogen Stocks' rebound with a rebound expected in global clean energy demand 2023 was a forgettable year for hydrogen stocks and the…

The steep pay gap between the U.S. and U.K. is real

aol.com The pay gap between the U.S. and U.K. has long been a hot topic. The two countries—rivals in some ways, allies in others—have only seen the gulf in how they compensate their…

UAE state oil company has BP in sights as potential takeover target

euronews.com Adnoc’s takeover bid for BP is the latest in a string of acquisition bids for energy companies, such as ExxonMobil's agreement to purchase Hess Corporation. BP has recently…

Abu Dhabi state oil company reportedly looked at buying BP

theguardian.com Abu Dhabi’s state-owned oil company reportedly recently explored a multibillion-pound bid for BP in a sign that depressed share values in London are making even the biggest…

After a long slog, climate change lawsuits will finally put Big Oil on trial

siliconvalley.com By Alex Brown, Stateline.org After years of legal appeals and delays, some oil companies are set to stand trial in lawsuits brought by state and local governments over the…

The CEO of Norway’s $1.6 trillion sovereign wealth fund has a fun side gig

aol.com It’s hard to have guessed that Santander’s Ana Botín, a trailblazer in global finance, was considering being a journalist or a spy before becoming a banker. Or that UBS’s…

Is Shell trying to kill the London stock market?

theguardian.com Last July, Wael Sawan, the chief executive of Shell, told the BBC about the terrific time he had on a visit to the New York stock exchange. The welcome was “exemplary”, he…

Big Oil Could Face Homicide Charges

newsweek.com Last month, ExxonMobil CEO Darren Woods made a claim so brazen it shocked even some of his most ardent critics. Humanity is not on track to meet its climate goals because…

Big Hitters Team Up to Produce Sustainable Aviation Fuel Out of Sugar Cane

wsj.com Renewable hydrogen producer DG Fuels, energy giant BP and chemicals maker Johnson Matthey plan to produce 180 million gallons of SAF a year in Louisiana.

BP expects a boost to first-quarter profit from higher oil, gas and low-carbon energy production and said lower natural-gas prices would temper gains

wsj.com BP expects a boost to first-quarter profit from higher oil, gas and low-carbon energy production and said lower natural-gas prices would temper gains.

Finance Docket: Is Everything Insider Trading?

dealbreaker.com Ed. note: This article first appeared in the Finance Docket newsletter. Click here to subscribe and view the full newsletter. What is insider trading? A decade ago, some on…

UK Stocks: BP Raises Q1 Oil and Gas Production Outlook

tipranks.com In key news on UK stocks, BP PLC (GB:BP) raised its oil and gas production outlook for the first quarter of FY24 in its trading update released on ...

Shell fuels fears of London exodus as it considers move to New York

euronews.com Shell could be considering a New York move, as the divide between its traditional investors, who want the company to focus on oil and gas, and activist investors, who want…

Oil major BP says it expects rise in first-quarter upstream energy output

theglobeandmail.com BP BP-N said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months. The…

BP Expects Profit Lift from Output Boost

wsj.com BP expects a boost to its first-quarter profits from increased upstream and oil production and a slightly higher gas and low carbon energy output.

Shell threatens to quit London for New York

finance.yahoo.com Shell has threatened to quit the London Stock Exchange for New York in what would be the biggest blow to the UK’s struggling stock market to date. Wael Sawan, chief…

3 Oil Stocks to Watch for Returns in April

entrepreneur.com The oil industry's prospects appear bright, owing to increasing oil demand, geopolitical tensions, and supply-cut expectations driving oil prices up. Against this backdrop,…

Why the death of North Sea oil is a disaster for Britain

finance.yahoo.com Far out in the North Sea a deserted but massive oil platform awaits its fate. Brent Charlie is the last remainder of the Brent field – a resource so big it once provided a…

When Does Federal Debt Reach Unsustainable Levels?

budgetmodel.wharton.upenn.edu Summary: PWBM estimates that---even under myopic expectations---financial markets cannot sustain more than the next 20 years of accumulated deficits projected under current…

If You Like ExxonMobil, Then You'll Love These 2 High-Yield Energy Majors

finance.yahoo.com ExxonMobil (NYSE: XOM) is outperforming the S&P 500 and the energy sector so far this year. Brent crude oil prices (the international benchmark) are up 10.9% year to date.…

Energy Dividend Stocks Are On Sale Right Now

247wallst.com In today’s episode of the 24/7 Wall St Podcast Lee Jackson and Doug McIntyre take a look at the energy sector. In December the United States produced more oil than any…

Ripple to debut a dollar-pegged stablecoin on XRP Ledger and Ethereum this year

cryptobriefing.com Ripple plans to issue a stablecoin tied to the US dollar, which will be 100% backed by USD deposits, short-term US bonds, and other cash equivalents. Expected to debut later…

Factbox-Main companies operating in Senegal's oil, gas and mining sectors

aol.com Senegal's newly elected President Bassirou Diomaye Faye on Wednesday said his government would conduct an audit of the West African nation's oil, gas and mining sectors. The…

Meet the French oil major that balances growth and greenery

economist.com “TEXAS IS AN El Dorado for us, an energy El Dorado,” declared Patrick Pouyanné, boss of TotalEnergies, last month at CERAWeek, the energy industry’s annual shindig in…

Gas Price Predictions: What Can You Expect at the Pump in April 2024?

investorplace.com Let's dive into where energy prices could be headed from here Gas price predictions can be dicey, but from my perspective we’re in for higher prices this summer. Gas prices…