BP Profit Surges on High Energy Prices
LONDON—BP PLC was the latest oil major to cash in on the highest energy prices in more than a decade, reporting strong second-quarter profit helped by higher margins on fuel...
What CEOs Are Saying: ‘Situation Seems Worse Than It Did a Quarter Ago’
Here is what some of the world’s corporate leaders said in their quarterly earnings reports this week about the economy, supply chain and advertising markets, among other topics. “Going back...
America’s New Energy Crisis
America is wrestling with the worst energy crisis in nearly five decades, a period of high prices and limited supply. What makes this crisis different than the troubles that roiled...
Shell Posts Record Quarterly Profit on Soaring Energy Prices
LONDON— Shell SHEL 2.72% PLC reported a second consecutive record quarterly profit as the oil major benefited from soaring global energy prices and a continued rebound in the global economy.The...
Europe Is Tested Anew, This Time by Energy, Inflation and Putin
This past week brought home the double-headed crisis testing the European Union’s resilience.Russia is trying to break its unity by curbing supplies of natural gas to the bloc. At the...
Germany to Bail Out Utility Hit Hard by Russian Gas Shortfall
A Uniper gas-fired power plant in Gebersdorf, Germany. Photo: Nicolas Armer/Zuma Press Updated July 22, 2022 7:14 am ET Germany will take a 30% stake in Uniper UN01 -19.24% SE...
Russia Resumes Nord Stream Natural-Gas Supply to Europe
BERLIN—Russian natural gas began flowing again at a reduced volume through a critical pipeline into Europe on Thursday, according to its operator, buying time for governments to decouple from the...
Europe Fears Widespread Economic Fallout if Russian Gas Outage Drags On
As a deadline approaches for Russia to resume supplying natural gas to Germany this week, European officials and executives are growing concerned about a cascading economic fallout that would spread...
Hilcorp, Exxon and Conoco Top Greenhouse Gas Emitters, Environmental Groups Say
Hilcorp Energy Co., Exxon Mobil Corp. , Conoco COP -4.15% Phillips and Occidental Petroleum Corp. OXY -3.33% are the U.S. oil-and-gas industry’s top emitters of planet-warming greenhouse gases, according to...
Manufacturers Brace for Nord Stream Repairs, Fearing Pipeline Won’t Reopen
PARIS—European manufacturers are preparing for possible natural-gas rationing that would force them to shut production amid fears that Russia is about to cut off gas deliveries via its main artery...