Shell profits drop 16% but maintains strong shareholder returns
Shell’s 2024 profit fell 16% to $23.72 billion, missing estimates. Despite weaker oil prices, the company raised dividends by 4% and announced a $3.5 billion...
Tag : BP
BP announces 4,700 job cuts amid cost-saving measures
BP announced plans to cut 4,700 jobs and 3,000 contractor roles in 2025 as part of a strategy to save $2 billion by 2026, citing...
ADNOC Gas plans $5 billion Ruwais LNG stake acquisition by 2028
ADNOC Gas finalizes plans to acquire a majority stake in Ruwais LNG by 2028, aligning with its $15 billion CAPEX initiative and advanced low-carbon facility...
BP’s third-quarter profits take a dive, shares down by 4 percent
BP, a global leader in the oil industry, encountered a notable fall in its third-quarter profits, not meeting the expectations of industry analysts. The British...