The first Quarter of 2021 saw a significant bounce-back for pandemic-hit oil majors as earnings increased and debt was reduced. Investments in renewable and low-carbon technologies appears to be the focus for the future.
Oil and automotive industries are heading towards carbon neutrality through major changes and carbon offset.
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
The global pandemic is having a major impact on the lubes and auto industry worlwide but there are some positives.
Lubes producers are identifying partnerships, new markets and product innovations to differentiate in a constantly changing global environment.
Many of the oil majors are taking a greener approach to product development and how they run their businesses.
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.