As Russia-Ukraine conflict reaches fourth anniversary, analysis shows oil majors channelled record earnings into shareholder ...

Russia's sanctions-hit economy has been left reeling by falling fossil fuel revenues and a slump in profitability in the country's oil refineries. Figures released by Russia's state statistics agency ...

Petrobras, Brazil's majority state-owned oil company, said Thursday that its profits nearly tripled last year thanks to record oil and gas output.

Energy prices have surged dramatically since the United States and Israel launched their attack on Iran Saturday, and that will almost certainly translate into bigger profits. But the question remains ...

The ethanol industry says a handful of mid-sized oil refiners are the major hangup for year-round E15 legislation and are prioritizing profits over a deal which would allow access to ...

The results come as lower oil prices force European energy majors to confront some tough choices this earnings season.

California has announced that it will delay its ability to punish oil companies for making what the state may consider “excessive profits.” This pause will last for five years, pushing the start of ...

BP has reported a drop in annual profits and increased its target for cost cutting as the oil giant was hit by the fall in crude prices last year. It reported profits of $7.5bn (£5.5bn) in 2025, down ...

LONDON/NEW YORK/NEW DELHI (Reuters) -Global refining margins have hit multi-year highs in November due to sanctions on Russia, refinery outages and maintenance, according to LSEG data and analysts, ...

Exxon Mobil and Chevron have been hampered by lower oil prices and global economic uncertainty. Earnings for Exxon Mobil and Chevron tumbled in the second quarter even as the Texas-based companies ...

California energy regulators Friday put the brakes on plans requiring oil companies to pay a penalty if their profits climb too high, a temporary win for the fossil fuel industry two years after the ...