Ron Bousso

Global refining margins are dismal as global oil demand growth remains below average due to sluggish economic activity in China, BP CEO Murray Auchincloss said on Tuesday.

By Sabrina Valle, Ron Bousso and Marianna Parraga HOUSTON (Reuters) - Five years ago, Chevron CEO Michael Wirth won Wall Street acclaim as

Report an editorial error Report a technical issue Tickers mentioned in this story

Along with a sharp drop in debt and strong cash flow, the results could lift investor confidence

Higher production and sales in Asia helped Shell's liquefied natural gas (LNG) business outshine TotalEnergies' in the third quarter, analysts and traders said, even as group profits at both were hit by a slump in oil refining. Shell reported quarterly profits of $6 billion, beating forecasts by 12%, while TotalEnergies' $4.1 billion profit slightly missed expectations. Both results were affected by 70% and 82% drops in profits from their oil refining and chemicals businesses, respectively, with the different performance of their LNG divisions standing out.

Higher production and sales in Asia helped Shell’s SHEL.L liquefied natural gas (LNG) business outshine TotalEnergies’ TTEF.PA in the third

A Shell gas station in London, on March 8, 2022. Frank Augstein/The Associated Press Listen to this article

International companies and the government of Namibia had high hopes only months ago they could quickly cash in on offshore discoveries and turn the

Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power.

Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 7.5% in the week to Thursday to their highest in almost a year, data from Dutch consultancy Insights Global showed.