BP and Shell weather the storm ahead of other oil majors.
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Q2 figures for oil majors demonstrate the full impact of the COVID pandemic as profits plummet.
Oil majors have had to weather rockbottom demand and prices as a result of Covid-19
Weaker oil prices have affected the profits of the oil majors.
The oil majors delivered disappointing short-term news to thier shareholders after earning and profits were hit across the board as a result of lower oil prices and increased costs.
A mixed set of Q2 2019 reports from the oil majors and lubes producers including Shell, BP, ExxonMobil and Fuchs.
A generally volatile market has led to slightly depressed numbers for most of the oil majors at the start of the year, but their CEOs are confident of being able to manage the volatility.
BP's highest quarterly results for more than five years demonstrates the trend of increased profits and revenue for oil majors.
Financial figures are more positive for Q2 and the first half of the year overall
Rising commodity prices and US tax reforms boosted 2017 Q4 and annual results for the oil producers.