The European Union’s push to wean itself off Russian gas and oil will hasten the transition to alternative energy. Energy companies such as BP and Shell stand to benefit. Here, Germany’s PCK oil refin...
Tag: bp
How Oil And Gas Is Being Affected By Climate Change – Response To A Presentation In Mid-America.
A pumpjack siphons oil in the foreground of a wind farm near Sweetwater, Texas. Corbis via Getty Images Independence, Kansas, is a small conservative town in the heart of the USA. The area produced oi...
BP Chooses Tritium For Next Move Toward Global EV Charging Expansion
bp Pulse electric vehicle recharging station. bp Pulse Fueling its plan to widely expand its electric vehicle recharging network, U.K.-based oil giant bp has entered a multi-year agreement with Tritiu...
Here’s How Much Major Energy Companies Are Losing By Exiting Russia
Topline Major oil and gas companies, which scrambled to abandon operations in Russia following the invasion of Ukraine in late February, are now warning that doing so will result in billions of dollar...
Morgan Stanley upgrades BP and downgrades Eni
Morgan Stanley lifted its rating on BP BP, -0.07% BP, +0.34% to overweight from equal weight, while it downgraded Italy’s Eni ENI, +0.70% back to equal weight from overweight. BP was previously ...
Western Oil Companies, Facing New Demands, Find It Easier To Exit Russia
Loren Steffy, UH Energy Scholar NOVOKUIBYSHEVSK, RUSSIA – MARCH 15: A general view of the Novokuibyshev Refinery owned by Rosneft … [+] oil company on March 15, 2012 in Novokuibyshevsk, Sa...
Will Attempts To ‘Self-Sanction’ Russia Be Enough To Tame Putin Without Oil-Mageddon?
Kremlin handout photo of Putin, March 3, 2022. Anadolu Agency via Getty Images It’s shocking to see western oil giants abandon tens of billions of dollars of investment in Russia — stakes in projects ...
BP to Exit 20% Stake in Russia’s Rosneft
Russia’s aggressions in Ukraine prompted reactions from companies such as BP and United Parcel Service as well as Norway’s sovereign wealth fund as the world continues to raise pressure on President V...
BP Drops Nearly 20% Stake In Russian-Owned Oil Firm After Invasion Of Ukraine
Topline Following pressure from the British government, British Petroleum announced Sunday it would be exiting its 19.75% ownership of Rosneft, a Russian state-owned oil firm that supplies Russia with...
Oil Is Surging. Why Oil Stocks Are Down.
Text size Oil prices are higher, but concerns about economic growth are weighing on oil stocks. Mario Tama/Getty Images Oil prices soared on Thursday after Russia invaded Ukraine. But oil stocks were ...
7 Energy Stocks That Shorts Are Betting Against
Text size Workers at a CNX Resources site in Pennsylvania in September. Justin Merriman/Bloomberg Short selling most energy stocks has been a losing bet for the past year and a half. Even companies th...
Exxon Could Go Even Bigger on Its Dividend
Text size David Paul Morris/Bloomberg Oil companies used to compete on how much crude they could produce. Now they’re competing on how much cash they can send back to investors. That dynamic could pay...
Exxon’s Investments Are Paying Off. Expect Big Dividends, Buybacks.
Text size Exxon has been investing in its refining business while others in the industry have been holding back. Eric Thayer/Getty Images Exxon Mobil has zigged where other giant energy companies have...