Oil and Gas

The BP logo is displayed outside a petrol station near Warminster in Wiltshire, England, on Aug. 15, 2022.Matt Cardy | Getty Images News | Getty ImagesBritish oil major BP on Tuesday posted a sharp drop in fourth-quarter profit on weaker…

Exxon Mobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.Its adjusted profit was $7.39 billion or $1.67 per share, beating analyst…

President Donald Trump speaks to members of the press in the Oval Office of the White House on Jan. 30, 2025.Kent Nishimura for The Washington Post | Getty ImagesDonald Trump has confirmed he will impose 25% tariffs on imports from…

Michael Wirth, CEO of Chevron.Adam Jeffery | CNBCChevron reported fourth-quarter earnings below Wall Street estimates on Friday as weak margins pushed its refining business into a loss for the first time since 2020.The second-largest…

A Shell logo is displayed on May 03, 2024 in Austin, Texas.Brandon Bell | Getty Images News | Getty ImagesBritish oil giant Shell on Thursday reported a significant drop in annual profit, citing higher exploration write-offs, lower…

A photograph taken on October 29, 2024 shows a general view of Trump International Golf Links and its sand dunes, in Balmedie, Aberdeenshire, Scotland as construction works are underway for a second golf course on the estate built on…

All eyes are on whether Saudi Arabia will raise crude production if Russia's output significantly falls following European Union oil sanctions.Andrey Rudakov | Bloomberg | Getty ImagesOil prices dropped following a report that Saudi…

Habeck has previously warned the situation is going to be "really tight in winter" without precautionary measures to prevent a gas supply shortage.Picture Alliance | Picture Alliance | Getty ImagesGermany has declared it is moving to the…

The Esso Fawley Oil Refinery, operated by Exxon Mobil, stands in Fawley, U.K., on Thursday, May 14, 2020.Luke MacGregor | Bloomberg | Getty ImagesOil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised…

European Union leaders reached an agreement this week to ban the majority of Russian crude oil and petroleum product imports, but nations were already shunning the country's oil, altering global flows for the commodity that powers the…