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Hosted on MSN12d
How to pocket a slice of Shell and BP's record profits
Yesterday, BP announced it had more than doubled its 2021 profits last year, making a record £23 billion. The company said it ...
3d
The value American capitalism places on workers’ lives: BP fined $156,250 for the deaths of two refinery operators in Ohio explosion
Ben and Max Morrissey were burned to death in an explosion and fire at the BP Husky oil refinery in Oregon, Ohio, just outside of Toledo. For American capitalism, the life of a worker is very cheap.
Politico Europe2d
‘Mind-boggling’ profits for big oil puts tax hikes back on the agenda
Across the Channel, BP on Tuesday announced net profits of $27.7 billion ... Norway’s Equinor, meanwhile, announced record net profits of $28.7 billion in a year that it replaced Russia as the EU’s ...
6d
‘The greed is palpable’: Oil and gas workers to strike as fossil fuel firms record bumper profits
Workers are being left out in the cold when it comes to sharing this wealth, according to Unite general secretary Sharon ...
Mining Weekly
11d
BP economist warns against focusing too much on decarbonisation
BP’s chief US economist Michael Cohen said the oil industry focused too much on cutting greenhouse gases last year, eroding its ability to keep pace with demand. “2022 taught us that too much focus on ...
Hart Energy
7d
BP’s Reconciliation: Keep It Real
As BP faces backlash on dialing back on its pledge to reduce carbon emissions by 40% in 2030, the company insists it is ...
Inter Press Service
13d
BP’s Shift ‘Back to Petroleum’ Prods Consideration of a Climate Oil Price Cap
This climate oil price cap would be designed to increase the relative profitability and so financial appeal of renewables by limiting the upside on oil activities specifically ...
13d
Hunt Considers Limiting UK Energy Profits Tax When Prices Fall
Chancellor of the Exchequer Jeremy Hunt is considering limiting the windfall tax on the profits of UK oil and gas companies ...
12don MSN
Ukraine war blamed for record Saudi Aramco profits of $161 billion
Oil giant Saudi Aramco has announced 2022 earnings totaling 161 billion the highest-ever annual profit by a publicly listed ...
12d
Zara Owner Inditex Posts Record Profit
Zara owner Inditex, the world's biggest fashion retailer, reported record profits for 2022 despite halting operations in Russia and soaring global inflation.
6don MSN
U.S. oil exports to Europe hit record in March on steep discounts
U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide ...
This Day
12d
As Nigeria Struggles with Crude Theft, Saudi Aramco Posts Record $161bn Profits
Saudi Aramco yesterday announced record profits of $161 billion from its 2022 operations as the largely state-owned oil ...

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