Shell Plc plans to divest 500 retail sites annually over the next two years, responding to a growing demand for electric vehicle chargers.
Author: Laura Hurst
BP Profit Misses Estimates on Weak Gas Trading
BP Plc’s third-quarter profit rebounded from the prior period, but fell short of estimates as weak results in gas marketing offset a strong performance in oil trading.
BP CEO Looney Quits Over Past Relationships With Colleagues
BP Plc CEO Bernard Looney has resigned over the failure to fully disclose past relationships with colleagues.
Shell Sees $1 Billion Gain in Refining on Record Fuel Prices
Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries.
Shell to Make First Profit From Oil Output Since Pandemic
Royal Dutch Shell Plc expects to make its first profit from pumping oil since the start of the pandemic, the petroleum giant said.
Shell Doubled Oil-Trading Profit to $2.6 Billion Last Year
Royal Dutch Shell Plc disclosed the profitability of its sprawling and secretive oil-trading unit for the first time, saying it almost doubled to $2.6 billion last year.
BP Swaps High Returns for a Cleaner Future With Unproven Profits
One week and two deals later, BP Plc has cemented the view that for an oil and gas company to go green, it must sacrifice profits.