Ithaca Energy to Buy Japex UK for Around $140 Million

Dow Jones04:24 ET

Oil giant Shell vows to increase returns to investors and intensify investments in liquefied Henry Hub Natural Gas.

On Tuesday (March 25), BP PLC announced plans to increase shareholder returns and reduce spending, while also increasing its bets on liquefied natural gas (LNG) Business. In a statement released ahead of the 2025 Capital Markets Day event, BP PLC indicated that it would raise the proportion of shareholder distributions from the previous 30-40% to 40-50% of Operating cash flow. The company committed to maintaining an annual progressive dividend growth of 4% and plans to achieve an average annual growth in free cash flow per share of over 10% by 2030. This oil giant also announced that it would cut annual spending to $20-22 billion by 2028.

Global Market Report04:00 ET

The oil giant Shell strengthens shareholder returns and reduces spending.

BP PLC, the oil giant, announced on Tuesday a plan to increase Shareholder returns, prioritize Share Buyback, and reduce Capital Markets expenditure, aiming to "create more value with less emissions." In an announcement made ahead of the 2025 Capital Markets Day event, the company stated that it would increase Shareholder returns to 40%-50% of operational Cash / Money Market flow, up from a previous range of 30%-40%. BP PLC has committed to maintaining a progressive dividend growth of 4% per year. This Energy giant also announced plans to limit annual spending to a Range of 22-24 billion dollars by 2028.

Global Market Report03:37 ET

Colonial Pipeline Rejects Complaints Over Proposed Gasoline Shipment Changes

Seeking Alpha19:37 ET

Trump claims he will impose "secondary tariffs" targeting buyers of Venezuelan oil.

① Trump announced that the USA will impose "secondary sanctions" on Venezuela, and any country purchasing oil or Henry Hub Natural Gas from Venezuela will be forced to pay a 25% tariff to the USA; ② The USA is one of the destinations for Venezuela's energy, with Venezuela's Crude Oil Product export volume in 2024 estimated at approximately 0.66 million barrels per day, of which the USA's import volume is around 0.233 million barrels per day.

cls.cn13:12 ET

BP Sells $1B Stake in Key Azerbaijan-Turkiye Gas Pipeline

Zacks Mar 24 08:55 ET