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.
Energy and auto industries looking to a collaborative future for EVs but mass adoption isn't necessarily the best solution for the environment.
Rising commodity prices and US tax reforms boosted 2017 Q4 and annual results for the oil producers.
Almost all oil majors are reporting increased sales and profits.
The French oil major is set to reveal a new motorcycle lube made in India for the domestic market as it increases its Technical Centre output. Meanwhile, Petronas is investing in a grab for Indian market share
The latest research shows motor lubes demand is set to grow as Daimler announces a new Russian factory and the used car market flourishes.
Oil majors have reported a significant improvement in earnings and profit.