Bob Dudley has said that low oil prices are not all bad for the energy industry, as subsidies have been cut from petrol products around the world, which has resulted in fairer pricing.
Oil industry leaders have dismissed talk of the price of crude hitting the $20 lows predicted by analysts.
European stocks followed Asian equities lower on Monday on reports that China could stop propping up its equity markets.
Italian energy group Eni said it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast.
Claudio Descalzi, CEO of Eni, comments on the discovery of the largest known gas field in the Mediterranean.
Oil contractor's shares are Europe's biggest fallers after it slashed its guidance and axed 8,800 jobs as part of a restructuring plan.
Six oil and gas companies have banded together to ask the UN to let them help devise a plan to stop global warming.
Activists in kayaks have protested against plans by Shell to resume oil exploration in the U.S. Arctic. For analysts, the news means Shell's "problem child" is getting some attention.
European equities ended higher as new regulation from the European Commission helped the continent's steel producers post strong gains.
Norway's largest energy company is cutting costs the hard way rather than scaling back production activity, Statoil CEO Eldar Saetre tells CNBC.
Tehran officials are in Beijing this week to seek more oil sales, in a move that could pressure the U.S. to sign off on a sanction-lifting deal.
Oil producers across the country face headwinds, but majors have stressed the sanctity of the dividend, Stewart Glickman tells CNBC.
Several big oil companies are expected to pay more in dividends than they will earn in 2015. Can the stocks really maintain these fat yields?
Egypt's attempt to bring money back to the country has been met with relative success, according to its new political leadership.
European equities closed slightly higher Friday, as the oil and gas sector took another hit from tumbling oil prices.
Italy's Eni cuts dividend and suspends buybacks - becoming the first oil major to reduce payouts amid a steep oil price decline.
European equities closed flat on Thursday, as investors reacted to earnings and banking news.
US crude closed oil nearly 3 percent, rebounding from falls in the previous session as more energy firms cut investments and the dollar weakened.
OPEC's secretary general says oil prices will remain around their current levels for around a month before rebounding.
Global demand for oil from OPEC next year will be less than expected because of weaker growth in consumption and the U.S. shale boom.