Mitchell Ferman

Chevron Corp. said its Venezuela business remains operational and all of its employees are accounted for after back-to-back earthquakes struck the South American nation.

Shell Plc expects global liquefied natural gas supply to be flat year-on-year — after more than a decade of growth — as the conflict in the Middle East chokes supply.

(Bloomberg) – Shell Plc expects global liquefied natural gas flows to be little changed this year—after more than a decade of growth—if shipping through the Strait of Hormuz returns to normal this summer.

Shell Plc Executive Vice President of energy trading David Wells is retiring after four years of running a unit that’s a key driver for the company’s earnings, according to people familiar with the matter.

Shell Plc signaled it had another strong oil and gas trading result in the second quarter as it benefited from the market turmoil caused by the Iran war.

BP Plc boosted jet fuel production at its European refineries by about 30% during the Iran conflict, helping the region avoid major shortages while millions of barrels were locked up in the Persian Gulf.

Shell's trading update offers a first glimpse into how Big Oil fared in a quarter when crude prices hit their highest since the invasion of Ukraine in 2022, before slumping as Persian Gulf producers ramped up flows through the Strait of Hormuz. The performance of Shell's global trading operation is closely watched as it can be a key driver of earnings.

BP Plc’s new chief executive officer acknowledged that the oil giant still has work to do to streamline its decision-making processes and gain investor trust in a post that marked her first 100 days in the job.

BP Plc said it expects to book impairments of $1 billion related to its gas and low carbon energy business in the second quarter, as the energy giant refocuses on oil and gas.

BP said it expects to write down another $1 billion from energy transition assets in the second quarter.