Energy & Commodities
Oil, gas, metals and the energy transition driving inflation and markets.
BP Beats Q2 Forecasts but Raises 2026 Spending Plan to $14B
BP beat Q2 revenue and profit forecasts, but raised its 2026 spending plan to as much as $14 billion. The higher capex outlook hints at a le
Oil and gas prices slide, dragging energy stocks lower
Oil and gas prices dropped Tuesday, with WTI falling 3.5% and Brent down 2.8%, pulling energy stocks lower. Even solid Q2 results from some
BP shifts focus from size to cash returns as liabilities weigh
BP's CEO is resetting expectations, downplaying the 'super major' label as roughly $40 billion in liabilities and a spread-thin asset base d
GFM Services secures RM83.1m more Pengerang turnaround work
GFM Services has secured another RM83.1 million in maintenance turnaround work at Malaysia's Pengerang Integrated Complex, bringing its tota
GTT's record order book shows LNG demand is still booming
GTT's half-year revenue looked flat, but the French LNG engineering firm secured 65 new orders, lifting its order book to a record €1.9 bill
Williams to Buy Momentum Midstream for $5.5B in Haynesville Bet
Williams is buying Momentum Midstream for up to $5.5 billion, deepening its position in the Haynesville shale. The deal also lifts its 2026
Technip Energies' 2026 outlook gets costlier on Middle East disruptions
Technip Energies warned that Middle East disruptions could add €30-40 million in quarterly logistics and security costs, prompting analysts
BP sells Gelsenkirchen refinery to Klesch as it trims downstream
BP has agreed to sell its Gelsenkirchen refinery in Germany to Klesch Group, a move that supports its $20 billion divestment plan and helps
RBC trims Shell forecasts but sees bigger payouts ahead
RBC Capital Markets lowered its earnings forecasts for Shell after adjusting for weaker oil prices, but it still sees potential for bigger s
Imperial Oil's profit beat shows refining strength despite output dip
Imperial Oil's adjusted earnings of C$4.52 per share topped expectations, powered by stronger refining margins and higher crude prices. Lowe
Chevron's best quarter in six years driven by refining, not drilling
Chevron reported its strongest quarter in six years, with adjusted earnings of $6.06 per share, beating expectations. The surprise driver wa
Exxon's record quarter still misses as output dips
ExxonMobil's adjusted profit hit $14.7 billion, its best in four years, but still fell short of analyst expectations. Lower production and v