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Revenues of oil giants increase 46% in 1H21
- Saudi Aramco, Chevron, Equinor and Lukoil record highest year-over-year revenue rises
bp posts $3.1 billion profit in 2Q21
- Company expects higher product demand during third quarter as COVID-19 restrictions continue to ease
Oil giants BP, Lukoil seek to exit Iraq: Iraqi Oil Minister
- BP’s presence in Iraq dates back to 1920s while Lukoil's investments began in 2014 in the country's West Qurna-2 field
BP invests $7 million in electric vehicle charging technologies
- Investment in IoTecha is aligned with BP’s aim to provide over 70,000 public EV charging points worldwide by 2030
Oil giants increase profits to $46 billion in Q121
- BP records highest year-over-year rise in profit
BP, Pavilion Energy ink deal for LNG supply to Singapore
- Companies will cooperate to create greenhouse gas quantification and reporting system along with supplying LNG to Singapore
BP posts $4.7 billion profit in Q121
- Divestment strategy, business performance and oil price recovery ensured strong cash flow to deliver net debt target
Revenues of oil giants decline 35.4% in 2020
- Royal Dutch Shell records highest year-over-year decline in revenue
BP plans UK’s largest hydrogen project
- British energy major’s move also aims to contribute to country’s target of developing 5 GW of hydrogen production by 2030
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Rosneft, BP to coact for carbon control, sustainability
- Firms vow to deliver more energy with less carbon taking into account profound changes shaping global energy transition
BP posts $20.3 billion loss in 2020
- Despite huge loss in 2020, firm recorded $1.4 bln. profit in 4th quarter of 2020 compared to $0.5 bln. loss in 3rd quarter
BP to sell 20% stake in Oman’s Block 61
- BP says agreement marks significant step in its divestment plan
BP delivers LNG for downstream customers in China
- BP develops business model to provide more LNG to China and to increase access to downstream gas markets, says BP official
Revenues of oil giants decline 35.8% in 3Q20
- Royal Dutch Shell records highest year-over-year decline in revenue
BP posts $0.5 billion loss in third quarter of 2020
- Figure is significantly lower from net loss of approximately $16.8 billion in second quarter
Eni announces new gas discovery offshore Egypt
- According to preliminary estimates, Great Nooros Area discovery may contain in excess of 4 trillion cubic feet of gas
Energy demand to drop 2.5% by 2025 due to COVID-19: BP
- Oil demand is estimated to be around 3 million barrels per day lower in 2025 and 2 million barrels per day in 2050
Equinor sells 50% US offshore wind to BP for $1.1 bln
- Companies also expect to establish strategic partnership for further growth in offshore wind in US through this transaction
BP, Neste to offer more sustainable aviation fuel
-Companies agree to boost their supply capacity five-fold at selected airports in Europe
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Oil giants post $80B total loss in 1H20 due to virus
- Top 12 oil firms also see total revenue decline by $240 billion, or 37%, in first half of 2020
BP to spend $5B annually towards its net zero ambition
- BP to cut fossil fuels output by 40% by 2030
BP posts $16.8 billion loss in second quarter of 2020
- Firm's total loss widens to $21.2 billion for first half of year
BP signs gas supply agreement with Chinese ENN
- BP will provide ENN with 300,000 tonnes per year of pipeline gas re-gasified from LNG for two years from Jan. 2021
ENI announces new gas discovery offshore Egypt
- ENI, BP and Total will begin screening development options of new discovery in coordination with Egypt's petroleum sector
US oil production increases by 134% in 11 years
- Between 2009-2019, US share of world oil production jumped from 8.91% to 17.9%, almost doubling in 11 years
BP sells its petrochemical business to INEOS for $5B
- Aromatics and acetyls constitute BP’s petrochemicals business with 9.7 million tonnes of production in 2019
5 major oil firms sued for causing climate change
- US Attorney General for Columbia District says companies misled consumers and discredited climate science in pursuit of profits
BP invests $5M on software to detect methane leaks
- Move is part of company’s goal to become a net zero company by 2050