The Anglo-Dutch company also said it was planning more asset disposals as it pushes ahead with its proposed $70 billion acquisition of BG Group, bringing total asset sales between 2014 and 2018 to $50 billion.  (Photograph: Simon Dawson/Bloomberg)

Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts to deal with an extended period of lower oil prices which contributed to a(...)

BP’s second-quarter profits have been hit by lower crude prices and the cost of the 2010 Gulf of Mexico oil spill. BP reached an $18.7 billion settlement this month to resolve most claims from the oil spill, the largest corporate settlement in US history.

BP’s second-quarter profit slumped by nearly two thirds from a year ago as it grappled with lower crude prices and took a huge $10.8 billion charge re(...)

Shell Plc agreed to buy Morgan Stanley’s European natural gas and power trading portfolio, adding to a business that is already among the world’s bigg(...)

A brown pelican coated in heavy oil from the BP spill wallows in the surf on June 4th, 2010 on East Grand Terre Island, Louisiana. Photograph: Getty Images

BP will pay a record $18.7 billion (€16.9 billion) to resolve claims by the US and five states along the Gulf of Mexico related to its Deepwater Hori(...)

Peter Sutherland is to retire as chairman of Goldman Sachs International, after 20 years in the role. Photo: Aidan Crawley

Peter Sutherland is to retire as chairman of Goldman Sachs International, after 20 years in the role.The former attorney general is due to retire at t(...)

A section of the BP Eastern Trough Area Project  oil platform is seen in the North Sea. BP reported a sharp fall in profits for its first quarter.

BP, Europe’s second-biggest oil company, reported first-quarter profit that beat analysts’ estimates as earnings from refining and trading offset lowe(...)

Petrobras headquarters in Rio de Janeiro: the Brazilian oil group’s share price dropped 43 per cent last year. Photograph: Sergio Moraes/Reuters

One of Sweden’s largest investors has pledged to take direct legal action against Petrobras, becoming the third large investor to seek damages individ(...)

The primary driver of the rise in global output is expected to be a 75 per cent jump in global average real output per head, as the prosperity of emerging economies catches up with that of high-income countries

Our ancestors lived in eras we call the Stone Age, the Bronze Age and the Iron Age. Ours is the “fossil-fuel age”. The energy we have extracted from t(...)

Ryanair put in another strong performance, on back of steady volumes, closing the day 29 cent or 3.3 per cent up at €9.96 following a sector-wide trend. Photograph: Robin Townsend/EPA

Stock markets around the world clung to modest gains on Thursday, with European equities retreating from seven-year highs, after Germany rejected a(...)

The BP chief warned it would be “a long time” before we saw $100 a barrel oil again

Oil prices rallied yesterday as BP revealed the huge damage the rout in the price has done to its business, which crashed into the red by $1 billion ((...)