London-based BP Plc reported an underlying replacement cost profit of $27.7 billion in 2022 while reducing net debt to $21.4 billion and achieving an average return on average capital employed of 30.5%. In 2023, the company will remain focused on delivery of its financial frame underpinned by a $40/bbl balance point.
In a strong earnings season, Enterprise surpassed $9 billion in EBITDA, Magellan beat earnings per share guidance and Hess Midstream weathered a tough winter to please investors.
Rising demand for electric vehicles and appliances, mainly from urban households, contributed to Adani Green profits.
While pleased with fourth-quarter 2022 results, ConocoPhillips will also look to continue growth as it announced progress with its Willow and Port Arthur projects.
Osaka Gas' losses are at 125.8 billion yen due to the higher costs of buying alternative supply amidst the continued shutdown of Freeport LNG.
Despite a volatile market, Marathon Petroleum increased its capital return to shareholders in 2022 while its outlook for 2023 remains “bullish.”
Black Stone’s cash distribution for third quarter 2022 is a 5% increase from the prior quarter and a 76% increase from fourth quarter 2021.
Imperial reported solid financial fourth quarter results and introduced a new goal to achieve net-zero by 2050.
The British company's record earnings, which more than doubled from a year earlier, mirror those reported by U.S. rivals earlier this week and are certain to intensify pressure on governments to further raise taxes on the sector.