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

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 ...

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

The Biden administration is seizing on huge earnings calls from oil companies as it seeks to give voters a response to relatively high gasoline prices ahead of next week’s midterms. President Biden ...

Shell has laid bare the impact of last year’s tumbling oil prices as it reported a worse-than-expected 22% plunge in annual profits. The oil giant said underlying earnings – which strips out some ...

British oil giant Shell on Thursday reported a significant drop in annual profit, citing higher exploration write-offs, lower trading margins and weaker crude prices over the final three months of the ...

Profit after tax came in at $3.538 billion (3.247 billion euros) in the three months to March. Profit after tax came in at $3.538 billion (3.247 billion euros) in the three months to March, compared ...

Exxon Mobil is undervalued by the market, treated as a cyclical commodity asset despite its diversified industrial business model. Two-thirds of XOM's revenue is independent of oil prices, with robust ...