ConocoPhillips CEO Doubles Down on Alaska Oil as Competitors Leave Arctic
Business Ryan Lance says Alaska, where he began his career, will provide much-needed crude for decades to come
EV Question for Auto Executives: How Quickly to Make the Shift?
Some companies are racing to convert entirely to electric vehicles, while others see caution flags.
War Accelerates Oil And Gas Decline, Instability Pushes Renewables To 60%, Russian Energy Takes A Hit.
BP gas station in Krakow, Poland in 2022. NurPhoto via Getty Images bp has recently presented its 2023 Energy Outlook. This annual survey, and the data analysis behind it, is highly regarded. The new perspective emphasizes the Russian war in Ukraine. This is likely to swing the pendulum away from “business as usual” and toward…
Update: GLDD, February 15
Shares of Great Lakes Dredge & Dock (GLDD) sank more than 20% to start today’s trading session after the company reported much weaker-than-expected 2022 Q4 results this morning. Specifically, contract revenues of $146.7 million for the period were down 30.2% from the prior year and missed the […]
Improving Bidding Activity Has Great Lakes Dredge & Dock (GLDD) Poised For Better Profit Performance Ahead
Shares of Great Lakes Dredge & Dock (GLDD) sank more than 20% to start today’s trading session after the company reported much weaker-than-expected 2022 Q4 results this morning. Specifically, contract revenues of $146.7 million for the period were down 30.2% from the prior year and missed the consensus estimate by $14.3 million due to significant…
Not So Fast, Euro Major BP Reconsiders Pace Of Energy Transition
BP announced it had reconsidered its ambitious zero carbon goals after rising oil prices delivered … [+] strong second-quarter profits. (Photo by Matt Cardy/Getty Images) Getty Images How much can an overreliance on environmental, social, and governance (ESG) criteria hobble an energy company’s investment strategy? BP’s announcement last week that it was reconsidering the pace…
BP’s 2022 Earnings Round Out A Record Year For Oil Majors
BP CEO Bernard Looney speaks during an event in London on February 12, 2020, where he declared the … [+] company’s intentions to achieve “net zero” carbon emissions by 2050. (Photo by Daniel LEAL / AFP) (Photo by DANIEL LEAL/AFP via Getty Images) AFP via Getty Images The stock of British oil major BP shot…
BP Posts Record Profits In 2022. Should You Buy Its Shares Today?
Photo by Oli Scarff/Getty Images Getty Images BP’s share price was the leading riser on the FTSE 100 on Tuesday following the announcement of record profits in 2022. At 507p per share the oil major was last trading 6% higher on the day. BP shares look extremely cheap on paper. They trade on a forward…
BP Boasts Record Profits As Oil Giants Report Historic Windfalls
Topline British energy giant BP on Tuesday reported its highest-ever annual profits, the latest in a series of bumper earnings reports from oil and gas companies reaping the rewards of soaring energy prices after Russia’s invasion of Ukraine. BP posted record profits in 2022. Getty Images Key Facts British giant BP announced it was scaling…
BP Slows Transition to Renewable Energy as Oil Bonanza Continues
The company said it would slow its transition to lower-carbon energy, as oil-and-gas production helped push the company to a record profit last year.
Oil Industry's Windfall Fails to Excite Wall Street
The biggest Western oil companies, Exxon, Chevron and Shell, have delivered record profits, but investors are still wary.
Shell Adds $41 Billion in Profit to Record Annual Haul From Oil Majors
Business Earnings The results bring to more than $132 billion the combined profit last year of the three big majors
TravelCenters of America to Add EV Fast-Charger Stations
WSJ News Exclusive Business Truck-stop and gasoline-filling company to join with Electrify America in build-out