Behind the NumbersThe sharp drop was largely due to lower prices for the oil and natural gas that the company produces and sells. Energy prices soared in the previous spring […]
BP Plc
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Back to news homeOil Giants, After Surge in Profits, Are Wary About Spending
Exxon Mobil made $56 billion in profit last year, its largest annual haul ever. Chevron earned $36 billion, also a company record. But after a bountiful 2022, the outlook for […]
Giant Wind Farms Arise Off Scotland, Easing the Pain of Oil’s Decline
The pilot of the nearly 80-foot work boat gunned its powerful engines, pinning the bow against the base of a towering wind turbine in the smooth North Sea. Three men […]
These Are the Companies That Have Withdrawn From Russia
More than 400 companies have withdrawn, at least temporarily, from Russia since it invaded Ukraine. Some have been there since the fall of communism — symbols of the enduring power […]
How Much Will the U.S.’s Oil Ban Hurt Russia?
In the longer term, though, the future of the Russian industry, which bankrolls a large portion of the government budget, has turned cloudy. China, for instance, is a hard bargainer […]
The Future Turns Dark for Russia’s Oil Industry
In the longer term, though, the future of the Russian industry, which bankrolls a large portion of the government budget, has turned cloudy. China, for instance, is a hard bargainer […]
Shell Quits Russia, Joining BP as Oil Giants Object to Attack on Ukraine
Thane Gustafson, author of “Wheel of Fortune,” an account of the Russian oil industry after the fall of the Soviet Union, recalled that the oil executives who were instrumental in […]
Oil Executives Testify on Industry’s Role in Climate Disinformation
House Democrats have begun questioning the executives of some of the world’s biggest oil and gas companies — Exxon Mobil, Chevron, BP and Shell — over allegations that the companies […]
Volkswagen Aims to Use Its Size to Head Off Tesla
Volkswagen is going all in on electric cars, with plans to build battery factories in Europe, install a network of charging stations and slash the cost of emission-free travel.That was […]
Oil Giants Prepare to Put Carbon Back in the Ground
During more than three decades in the oil and gas business, Andy Lane has managed the construction of enormous facilities for extracting and transporting natural gas, in places like Trinidad […]