In candid comments made on "Mad Money," BP CEO Bob Dudley revealed what keeps him up at night. You may be surprised by what he said.» Read More
BP PLC fell$. 57 or 1.2 percent, to $48.97. ConocoPhillips fell $2.13 or 2.5 percent, to $82.50. Exxon Mobil Corp. fell $4.31 or 4.2 percent, to $98.94.
NEW YORK, July 31- Several hundred claims are expected to be filed at the start of a GM-financed program being launched Friday to compensate victims of a faulty ignition switch on some of its vehicles, lawyers say.
July 31- Marathon Petroleum Corp, the third-largest standalone U.S. refining company, said its quarterly profit rose 44 percent, helped by higher crude refining margins on the Gulf of Mexico coast.
*Earnings $6.1 bln vs $5.46 bln forecast. *Raises dividend, flags $30 billion returns to investors. LONDON, July 31- Royal Dutch Shell Plc reported a 33 percent increase in quarterly earnings on Thursday, beating analyst forecasts despite impairments of almost $2 billion after producing more liquids and selling at higher prices.
A group representing Germany's machinery industry cut its output forecast sharply on Thursday, pointing to the uncertainty caused by political tension with Russia over its alleged role in destabilizing Ukraine.
SINGAPORE, July 31- Singapore risks tarnishing its business-friendly reputation by implementing new labour laws that require companies to prioritise hiring locals over foreigners for middle income jobs, analysts say.
LONDON, July 31- Royal Dutch Shell Plc reported a 33 percent increase in quarterly earnings on Thursday, beating analyst forecasts, after producing more liquids and selling at higher prices. The company joins rival BP Plc in reporting better-than-expected earnings.
BP PLC rose$. 56 or 1.1 percent, to $49.54. ConocoPhillips fell$. 08 or. 1 percent, to $84.63. Exxon Mobil Corp. fell$. 30 or. 3 percent, to $103.25.
BP PLC rose$. 19 or. 4 percent, to $49.17. ConocoPhillips fell$. 13 or. 2 percent, to $84.58. Exxon Mobil Corp. fell$. 55 or. 5 percent, to $103.00.
LONDON, July 30- U.S. and European companies dominate the global market in oil exploration and production, especially projects requiring complex engineering and reservoir management, but they will face increasing competition from China over the next decade.
BP PLC fell$. 02 or percent, to $48.96. ConocoPhillips rose$. 64 or. 8 percent, to $85.35. Exxon Mobil Corp. rose$. 04 or percent, to $103.59.
MOSCOW/ KIEV, July 30- Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine, where fighting between Moscow- backed rebels and government troops has intensified since a Malaysian airliner was shot down.
*Says impact of Russia sanctions on Yamal LNG uncertain. PARIS, July 30- French oil major Total stopped buying shares in Russia's Novatek when a Malaysian airliner was shot down over Ukraine, but it is still too early to gauge the impact of western sanctions against Russia, Total said.
MOSCOW— U.S. and European sanctions against Russia's energy and finance sectors are strong enough to cause deep, long-lasting damage within months unless Moscow persuades the West to repeal them by withdrawing support for Ukrainian insurgents.
*Says impact on Yamal LNG of sanctions on Russia still uncertain. PARIS, July 30- Total has stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine, but that it is still too early to gauge the impact of new sanctions against Russia, the French oil major's top revealed with its second quarter results on Wednesday.
As the U.S. and Europe announced new sanctions on Russia over Ukraine, Wolfe Research's Paul Sankey says that any sort of risk is enormous for oil.
*Caution on concerns of more sanctions against Russia. LONDON, July 29- European equities climbed on Tuesday, with strong earnings reports from companies such as engineer GKN and retailer Next outpacing the threat to the region's economy from further sanctions against Russia.
European shares closed higher on Tuesday, as investors reacted to corporate earnings while keeping an eye for fresh sanctions against Russia.
NEW YORK, July 29- BP Plc, Royal Dutch Shell Plc, Morgan Stanley and other companies urged a U.S. judge to dismiss nationwide litigation claiming they conspired for 12 years to fix prices of Brent crude oil, a benchmark for the cost of gasoline and heating oil.
*Caution on concerns of more sanctions against Russia. LONDON, July 29- European equities climbed higher on Tuesday, with strong earnings reports from companies such as engineer GKN and retailer Next outpacing the threat to the region's economy from further sanctions against Russia.