Shell profits drop 16% but maintains strong shareholder returns
British energy giant Shell reported a 16% drop in full-year profit for 2024, citing weaker oil and gas prices, lower refining margins, and reduced demand....
Tag : BP
BP announces 4,700 job cuts amid cost-saving measures
BP, one of the world’s leading energy companies, announced on Thursday a significant workforce reduction as part of a broader cost-saving initiative. The British oil...
ADNOC Gas plans $5 billion Ruwais LNG stake acquisition by 2028
MENA Newswire News Desk: ADNOC Gas has announced plans to acquire ADNOC’s 60% ownership stake in the Ruwais Liquified Natural Gas (LNG) project, with the...
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...