By Aisha Nkemdirim
Covers oil, gas, metals, the energy transition and the commodities driving inflation.
BP's blowout quarter puts debt and Deepwater Horizon costs in reach
BP's third-quarter profit of $8.46 billion beat expectations, and strong cash flow helped cut net debt to $13.9 billion—a year early. The co
Oil slips but Shell, Cheniere earnings keep energy stocks steady
WTI crude fell 1% and natural gas futures dropped 3.5%, yet energy stocks like Shell and Cheniere rose on strong earnings. The divergence sh
Rio Tinto weighs $1B lithium expansion in Argentina's Fenix II
Rio Tinto is weighing a roughly $1 billion lithium expansion in Argentina, with CEO Simon Trott saying the Fenix II plant could seek governm
Shell and TotalEnergies lean into buybacks after refining margins jump
Shell and TotalEnergies reported stronger-than-expected third-quarter profits, helped by a sharp jump in refining margins. Shell raised its
Chubu Electric forecasts record ¥215bn loss on Hamaoka nuclear charges
Chubu Electric now expects a record ¥215 billion net loss for the fiscal year ending March, after booking a ¥380 billion one-off charge link
Repsol lifts buybacks and cash flow outlook on surging refining margins
Repsol added a €950 million buyback and lifted its 2026 cash flow outlook to €9-9.5 billion after refining margins surged to $36.2 a barrel.
RBC lifts Equinor output view for 2026 but trims later years
RBC Capital Markets updated its Equinor outlook after a mixed third quarter, lifting 2026 production forecasts but trimming 2027-28 estimate
OMV posts best quarterly profit since 2022 on refining and energy prices
OMV's adjusted operating profit hit €2.12 billion in the third quarter, its best since late 2022, driven by stronger refining margins and fi
Rio Tinto bets $1.4B on new lithium extraction tech in Argentina
Rio Tinto has opened two lithium plants in Argentina, investing $1.4 billion in direct lithium extraction. The company expects output to rea
Phillips 66 to run refineries near full tilt in Q4 on strong margins
Phillips 66 says it will run its refineries at mid-90% capacity in Q4, expecting margins to stay above historical norms. The company is also
Oil climbs as Houthi strike on Saudi refinery stokes supply fears
Oil prices edged higher after Yemen's Iran-aligned Houthis claimed a strike on Saudi Arabia's biggest refinery, while a surprise drop in US
Phillips 66 posts record quarter as tight fuel markets lift refining profits
Phillips 66 reported a record third quarter as tight global fuel supplies boosted refining margins. The company's adjusted profit of $14.08