Chevron

Energy

New BP Chief Pledges “Consistency” after Years of Anything But

Photo via Bulkin Sergey/ZUMA Press/Newscom

The oil price shock caused by the Iran war has turbocharged BP shares, pushing them up roughly 33% so far this year.

2 min read

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Energy

Wall Street Snubs Big Oil Stocks amid Crude Price Runup

Some traders see a possible parallel to the spike and subsequent crash in oil prices in 2008 if the war drags on and threatens supplies.

2 min read
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Energy

Shell Pumps Out Dividend Hike Despite Slippery Oil Prices

UK oil major Shell posted its weakest quarterly profit in nearly half a decade on Thursday, sending its New York-listed shares down 5.3%.

2 min read
Photo via Jakub Porzycki/ZUMAPRESS/Newscom

Hedge Funds

Activist Elliott’s Citgo Deal May Deliver a Windfall in Wake of Maduro’s Ouster

Since the 1980s, Citgo Petroleum has operated as the US-based subsidiary of Venezuela’s state-owned oil and gas company.

2 min read

Energy

Oil Spikes as US Sanctions Russian Producers to Undermine Putin’s War Machine

Photo via imageBROKER/Ron Buskirk/Newscom

Shell and BP shares rose roughly 3% on Thursday, while US majors Exxon Mobil and Chevron were more muted, up 1.1% and 0.6% respectively.

2 min read

Photo via Christopher Boswell/Newscom

Energy

Exxon and Chevron, Rivals Turned Frenemies, Face Profit Pressure-Cooker

Rather than jockeying for an advantage in their weakened state, the two longtime rivals are set to work together more and more.

3 min read
Photo via Karol Serewis/ZUMAPRESS/Newscom

Energy

Shell Dismisses BP Takeover Talks as Mere ‘Speculation’

A megamerger of this sort would vault Shell’s market cap closer to ExxonMobil’s $468 billion and likely beyond Chevron’s $248 billion.

2 min read
Photo by Jethro Carullo via Unsplash

Energy

Oil Giants Need Gas More than Oil Right Now

Last week the Big Oil companies weighed in with their earnings reports, and it was mostly a pretty sorry assembly.

2 min read

Energy

Chevron and BP Hone Core Focus Amid Promising Oil Future

Photo by Jetcityimage via iStock

Oil giants Chevron and BP made moves to refine their business, drilling down on core segments that crude demand assures will be worth it.

2 min read

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