The oil majors continue to suffer as the impact of the COVID Pandemic and reduced oil demand took their toll on 2020, although some still managed to show profitability.
BP and Shell weather the storm ahead of other oil majors.
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 merger of Peugeot and Fiat Chrysler heads a number of collaborative enterprises in the auto & lubes sectors.
Asia and Africa are seeing an expansion of lubricants manufacture and blending.
Many of the oil majors are taking a greener approach to product development and how they run their businesses.
BP continues to move into the mobility sector with purchase of a city transportation app.
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.