Integrated Oil

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Canada's Imperial oil posts second-quarter loss on coronavirus-led oil slump - Reuters
Reuters

Canadian integrated energy company Imperial Oil Ltd posted a second-straight quarterly loss on Friday, hit by lower crude prices and refining margins as the COVID-19 pandemic dented demand for fuel and related products. more…

Canada's Imperial oil posts Q2 loss on coronavirus-led oil downturn - Reuters India
Reuters

Canadian integrated energy company Imperial Oil Ltd posted a second-straight quarterly loss on Friday, hit by lower crude prices and refining margins as the COVID-19 pandemic dented demand for fuel and related products. more…

UPDATE 1-Canada's Imperial oil posts Q2 loss on coronavirus-led oil slump - Reuters India
Reuters

UPDATE 1-Canada's Imperial oil posts Q2 loss on coronavirus-led oil slump  Reuters India more…

UPDATE 1-Marathon Petroleum to permanently close two U.S. oil refineries - Reuters India
Reuters

UPDATE 1-Marathon Petroleum to permanently close two U.S. oil refineries  Reuters India more…

Total reports second-quarter net profit dive, maintains dividend - Reuters UK
Reuters

French energy major Total reported a 96% fall in second-quarter net profit to $126 million (97.09 million pounds) on Thursday as the coronavirus knocked oil prices and demand but said it would maintain its dividend. more…

UPDATE 1-Total reports Q2 net profit dive, maintains dividend - Reuters India
Reuters

French energy major Total reported a 96% fall in second-quarter net profit to $126 million on Thursday as the coronavirus knocked oil prices and demand but said it would maintain its dividend. more…

Marathon Petroleum to permanently close two U.S. oil refineries - Reuters UK
Reuters

Marathon Petroleum plans to permanently close two small U.S. oil refineries in Martinez, California, and Gallup, New Mexico, the company said, eliminating 800 jobs in response to lower fuels demand. more…

BP to cut fossil fuels output by 40% by 2030 - Reuters
Reuters

Energy group BP will increase its low-carbon spending to $5 billion a year by 2030 and boost its renewable power generation to 50 gigawatts (GW) while shrinking oil and gas output by 40% compared with 2019, it said on Tuesday. more…

UPDATE 1-BP to cut fossil fuels output by 40% by 2030 - Reuters
Reuters

Energy group BP will increase its low-carbon spending to $5 billion a year by 2030 and boost its renewable power generation to 50 gigawatts (GW) while shrinking oil and gas output by 40% compared with 2019, it said on Tuesday. more…

UPDATE 1-Total reports Q2 net profit dive, maintains dividend - Reuters
Reuters

UPDATE 1-Total reports Q2 net profit dive, maintains dividend  Reuters more…

European oil major trading units provide buffer in rough second quarter - Reuters India
Reuters

The trading units of European oil and gas majors have shielded their second-quarter results from the full force of the corona-induced collapse in demand for fuel, but big writedowns showed the scale of the challenge ahead, results showed on Thursday. more…

European oil major trading units offer buffer in rough second quarter - Reuters
Reuters

The trading units of European oil and gas majors have shielded their second-quarter results from the full force of the corona-induced collapse in demand for fuel, but big writedowns showed the scale of the challenge ahead, results showed on Thursday. more…

UPDATE 2-Shell avoids loss with strong trading, wipes $17 billion off assets - Reuters India
Reuters

Royal Dutch Shell avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices. more…

UPDATE 1-European oil major trading units provide buffer in rough second quarter - Reuters India
Reuters

The trading units of European oil and gas majors have shielded their second-quarter results from the full force of the corona-induced collapse in demand for fuel, but big writedowns showed the scale of the challenge ahead, results showed on Thursday. more…

UPDATE 1-European oil major trading units provide buffer in rough second quarter - Reuters Africa
Reuters

The trading units of European oil and gas majors have shielded their second-quarter results from the full force of the corona-induced collapse in demand for fuel, but big writedowns showed the scale of the challenge ahead, results showed on Thursday. more…

Tom Marsico's global stock fund has trounced its benchmark for 13 years — and returned 28 times its peers in 2020. Here's what he's been buying, and the beaten-down stocks he plans to grab after the pandemic.
Business Insider

<ul> <li>Tom Marsico's Growth Fund has been one of the best-returning international stock funds in the world for the last decade.</li> <li>He told Business Insider about the regions and sectors he's betting on, and the types of stocks he's underweighting or o… more…

Health Minister Dix urged COVID caution over the long weekend - Kelowna News - Castanet.net
Castanet.net

<ol><li>Health Minister Dix urged COVID caution over the long weekend - Kelowna News  Castanet.net </li><li>Coronavirus: Interior Health to change way it counts Kelowna outbreak  Globalnews.ca </li><li>Coronavirus: Number of Kelowna cases rises to 130 with … more…

The Ratings Game: Exxon’s debt load is expected to rise as it commits to paying dividend
MarketWatch

Exxon Mobil Corp. and Chevron Corp. report worse-than-feared second-quarter results on Friday, with Exxon’s commitment to preserving its dividend raising a few eyebrows on Wall Street. more…

Belarus vote threatens rupture in 'brotherly' ties with Russia
Yahoo Entertainment

Belarusian leader Alexander Lukashenko seems set on burning once "brotherly" bridges with the Kremlin during a volatile election campaign that has seen him arrest Russian citizens and raid a bank with links to Moscow. The strongman leader of ex-Soviet Belarus… more…

London Markets: BP rallies after cutting dividend while Diageo slumps after maintaining its payout
MarketWatch

It was an unusual day in London stock-market trade on Tuesday, where the company that preserved its dividend fell while the company that cut its payout in half surged. more…