The British energy company, bp, reported a loss for the fourth quarter (Q4) 2025 worth $3.4 billion, a significant decline from the $1.2 billion profit recorded in the third quarter. Following these results, the board has decided to suspend share buybacks and fully allocate excess cash to accelerate the strengthening of the company’s balance sheet, according to a press release by the company.
TotalEnergies, global integrated energy major, achieved net income of $ 2.9 billion in the fourth quarter (Q4) 2025, decreasing by 21% compared to Q3 2025.
TotalEnergies has regained full ownership of the Zeeland refinery in the Netherlands after reacquiring the remaining 45% stake from Russia’s Lukoil, two sources told Reuters.
Iraq’s Ministry of Oil stated that newly developed refineries are now operating at 100% capacity, marking a major advance in the country’s refining sector and positioning Iraq among petroleum-product exporters that meet international quality standards.
India will continue to rely on a diversified mix of energy sources to ensure stable and affordable supplies for its consumers, Foreign Secretary Vikram Misri said, underscoring New Delhi’s focus on energy security and market-driven decisions.
ADNOC Gas plc posted a record net profit of $5.2 billion (AED 19.10 billion) in 2025, marking a 3% increase from the previous year. This growth was driven by a 4% rise in sales and, according to the company’s press release, “demonstrates resilience despite a 14% year-on-year drop in average Brent crude prices to $69 per barrel.”
“2025 represented a pivotal stage in the journey of ADNOC Gas, during which it achieved record profits while simultaneously continuing to invest in growth plans. This strong performance confirms the resilience and scalability of the company’s business, as well as its ongoing significant role on the global stage." Fatema Alnuaimi, CEO of ADNOC Gas, said.
Shell reported adjusted earnings of $3.3 billion for the fourth quarter of 2025, representing a 39% decrease compared to the third quarter. For the full year, the company’s adjusted earnings reached $18.5 billion, a decline of $5.2 billion from the previous year.
Atlantic Sea LNG Trade, a joint venture between Greece’s DEPA Commercial and Aktor Group, is negotiating to secure up to 15 billion cubic meters (bcm) of US liquefied natural gas (LNG) annually. The proposed 20-year agreement aims to cement Greece’s position as a critical energy gateway for Southeast Europe as the continent prepares to phase out Russian gas imports by late 2027.
US President Donald Trump has signed an executive order rescinding a 25% punitive duty on all imports from India, the White House announced on February 6. The move marks a significant de-escalation in trade tensions triggered by India’s high-volume procurement of Russian crude oil following the 2022 invasion of Ukraine.
US oil major Chevron has signed a memorandum of understanding (MoU) with the Syrian Petroleum Company and Qatar’s UCC Holding to explore oil and gas opportunities off the Syrian coast. The agreement marks a significant shift in the region's energy landscape and represents the first major Western entry into the Syrian offshore sector in over a decade, Reuters reported.
ADNOC Distribution, the UAE’s largest fuel and convenience retailer, reported a record net profit of $761 million for 2025, marking a 15.4% year-on-year (YoY) increase that exceeded analyst expectations. The performance was driven by disciplined execution of its growth strategy, a significant expansion of its retail network, and sustained earnings momentum across all business verticals.
