Finance and Investing News for Gulf of Mexico

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BP Hits 25-Year Low Share your comments
Friday, September 25, 2020Just a week after revealing its plan to turn itself into a clean-energy giant, BP Plc watched its share price drop to a 25-year low.

BP Cuts Dividend for First Time Since 2010 Share your comments
Tuesday, August 04, 2020BP cut its dividend for the first time in a decade, removing a cornerstone of its investment case.

Deutsche Bank Drops Some Oil Financing Share your comments
Tuesday, July 28, 2020Deutsche Bank has adopted a new fossil fuels policy.

Equinor In Surprise Profit Share your comments
Friday, July 24, 2020Equinor reported a surprise profit in the second quarter.

Shell Dividend Cut Dubbed Sensible Share your comments
Thursday, April 30, 2020Shell's move to cut its dividend by 66 percent has been described by Wood Mackenzie's Tom Ellacott as a 'sensible and prudent action'.

Shell Cuts Dividend for First Time Since WWII Share your comments
Thursday, April 30, 2020Royal Dutch Shell cut its dividend for the first time since the Second World War.

China Big Oil Urged to Copy Mexican Hedge Share your comments
Tuesday, April 14, 2020A researcher at China's biggest oil company said the country's drillers should copy the hedging strategies of Mexico and shale firms in the U.S.

BHP to Speed Up Payments to Suppliers Share your comments
Friday, April 10, 2020BHP Petroleum is taking steps to boost cash flow to its suppliers.

Schlumberger Ditches LSE Listing Share your comments
Monday, March 02, 2020It is anticipated that the cancellation will take effect on, or around, March 27.

Global Oil, Gas Deal Value Sank in 2019 Share your comments
Thursday, February 13, 2020Despite this upheaval, E&Y sees an environment in which asset attrition outruns whatever reductions there might be in demand.

Offshore Operational Production Costs Have Fallen Share your comments
Tuesday, January 28, 2020According to a new study from Rystad Energy, the UK led the world in cutting the cost of its offshore oil and gas production.

Oil, Gas Supermajors Living Beyond their Means Share your comments
Thursday, January 16, 2020Some of the world's largest oil and gas companies are shelling out more to their shareholders than they can afford, according to a new report.

New Offshore Investment Cycle in the Making Share your comments
Wednesday, January 15, 2020Telltale signs have emerged that we are entering a new offshore investment cycle, according to Rystad Energy.

Rosenberg Says Energy Shares are Downright Cheap Share your comments
Tuesday, January 14, 2020Energy stocks are cheap among S&P 500 peers, and there's already plenty of bad news baked into the sector, according to David Rosenberg.

$20B Fund Keeps Equinor Blacklisted Share your comments
Wednesday, January 08, 2020Equinor just unveiled its most ambitious climate plan yet, but it isn't enough to get Norway's biggest oil company off the exclusion list of a major Danish pension fund.

Aramco Shares Dip Share your comments
Tuesday, December 17, 2019Shares in Aramco fell, losing ground for the first time since the oil giant's record initial public offering last week.

Aramco Stock Will Have Plenty of Support Share your comments
Monday, December 09, 2019When shares of Saudi Arabia's national oil company begin trading Wednesday, the stars will be aligned to ensure that the stock price holds up.

Aramco Raises $25.6B in World's Biggest IPO Share your comments
Friday, December 06, 2019Saudi Aramco raised $25.6 billion from the world's biggest initial public offering.

Aramco Considers Pricing at Top Share your comments
Wednesday, December 04, 2019Saudi Aramco is considering pricing its initial public offering at the top end of a marketed range, people with knowledge of the matter said.

Aramco IPO Bids Reach $44.3B Share your comments
Friday, November 29, 2019Saudi Aramco's IPO has drawn total bids of 166 billion Saudi riyals ($44.3 billion) so far from institutional and retail investors.

Exxon Credit Rating Outlook Lowered by Moody's Share your comments
Wednesday, November 20, 2019Exxon Mobil Corp. had the outlook on its top-notch debt rating lowered by Moody's Investors Service Inc. to negative due to a 'substantial' cash burn to fund growth.

Are Investors Really Leaving Oil and Gas? Share your comments
Friday, November 15, 2019The reality is the oil and gas sector is way too big and diverse for major institutional investors to not incorporate.

EU Majors Take Stakes in Abu Dhabi Oil Bourse Share your comments
Monday, November 11, 2019BP, Shell and Total are among partners in a new exchange to trade Abu Dhabi's flagship oil grade in what could become a new price benchmark for a fifth of the world's crude.

Mitsubishi to Shut Singapore Based Oil Unit Share your comments
Wednesday, November 06, 2019Mitsubishi Corp. will shut its Singapore-based oil unit after saying a rogue trader lost about $314 million in unauthorized transactions.

Aramco to Trade on Saudi Exchange in Dec Share your comments
Tuesday, October 29, 2019Shares in Aramco will start trading on Saudi Arabia's stock exchange on Dec. 11, television news channel Al Arabiya reported.

Big Oil Investors Bracing for Bad News Share your comments
Monday, October 28, 2019Slumping energy prices, sluggish global demand and shrinking chemical margins are weighing on the oil industry as its biggest names prepare to announce quarterly results.

Major Dedicates $400MM Fund to Carbon Neutrality Share your comments
Thursday, October 24, 2019Energy major Total announced Thursday that it will focus its global venture fund on fostering carbon neutrality.

Big Oil's Renewable Shift May Drown Shareholders With Cash Share your comments
Tuesday, October 08, 2019Shareholders of global oil giants will be "drowned" in cash from dividends and buybacks for the next 20 years as the firms shift their capital structure to finance renewable projects, according to Rystad Energy.

Aramco to Boost Dividend Share your comments
Tuesday, October 01, 2019Saudi Aramco sought to underpin the targeted $2 trillion valuation for its IPO by increasing dividends, paying less tax and finding cornerstone investments from major Asian oil producers.