Shell beats profit estimates, launches $3.5 billion share buyback
The Shell logo is displayed outside a petrol station in Radstock on February 17, 2024 in Somerset, England. Matt Cardy | Getty Images News | Getty Images British oil giant…
Morgan Stanley sees ‘hot summer’ for energy sector, gives top picks
A robust oil outlook on stronger-than-expected demand this year should provide a “hot summer” for energy stocks, according to Morgan Stanley. The investment bank has upgraded the energy sector to…
Norway wants to store carbon under the North Sea
The receiving dock at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Bloomberg…
Top stocks to play the future of energy from an investor managing a $5 billion Vanguard fund
When Tom Levering took the helm at Vanguard’s decades-old energy mutual fund, the world was undergoing dramatic change and he believed the fund needed to change with it. The Vanguard…
Shell beats expectations for full-year 2023 profit
A Shell logo displayed on a sign at a gas station in Nakuru, Kenya. Sopa Images | Lightrocket | Getty Images British oil giant Shell on Thursday beat expectations for…
Fund manager reveals one global energy stock to buy right now
Total Energies is one energy stock investors should own right now, according to Brian Arcese, portfolio manager at investment firm Foord Asset Management. Arcese, who manages the absolute return Foord…
Big Oil CEOs defend themselves against criticism
Executives representing energy majors in the U.S., Europe and Asia speak during a CNBC-moderated panel session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United…
Top oil CEOs join CNBC at ADIPEC to discuss the energy transition
Major oil executives, policymakers and ministers convene in Abu Dhabi at ADIPEC this week to discuss energy markets as the world grapples with a transition to clean energy. It comes…
TotalEnergies CEO defends oil and gas strategy after climate protests
The chief executive of TotalEnergies defended the firm’s greenhouse gas emissions strategy, saying the company remains committed to oil and gas despite repeated warnings that increasing fossil fuel production will…
Energy transition is lagging, oil demand will stay: industry players
Oil rigs on platforms in Gaoyu Lake in east China’s Jiangsu province Friday, Sept. 17, 2021. Barcroft Media | Getty Images Oil and gas will continue to be leading sources…