Shell to Dedicate Profits from Russian Oil Trade to Fund Ukraine Humanitarian Aid
Shell company announced that it will put profits from any Russian oil it purchases into funding humanitarian aids to Ukraine.
Profits | Egypt Oil & Gas - Part 2
Aramco Hits a Leap of 30% in Income in Q1 2021
Hitting a total of $21.7 billion in Q1 2021, Saudi Aramco recorded a 30% net income increase year-on-year (YoY) compared to Q1 2020 when the company witnessed net income of $16.7 billion.
Petromaint’s Profits Leap 24% in 2020
Petromiant company has announced that its net profit increased by 24% for the first time during 2020.
BP Profits Drop to $0.8 B in Q1 2020
BP announced that it recorded a drop in its underlying replacement cost profit for Q1 2020 to $800 million, down from $2.4 billion in the same period in 2019.
Egypt Gas Net Profits Reach EGP 8.93 M in Q1 2019
Egypt Gas net profits reached EGP 8.927 million, after recording EGP 13.54 million losses during the same period in 2018.
SABIC Q4 Profits Decline Due to Low Prices
Saudi Basic Industries Corporation (SABIC), one of the largest chemical producers in the world, announced a decline in its profits for the Q4 of 2018 because of the drop in average selling prices.
Germany’s E.ON Propped Up Profits Thanks to Gazprom Deal
E.ON, Germany's largest utility, reported an 8% rise in first-quarter core earnings, after the group secured better gas prices from Russian supplier Gazprom.
Enppi Announces 19% Increase in Profits
Enppi's Chairman and CEO, Engineer Imam El-Said, announced that the company's profits have increased in 2015 by 19% to reach EGP 570m in comparison to the year before.
Chevron Cuts Capital Spending Plans for 2016-2018
US energy giant Chevron said it was further cutting spending plans for 2016-2018 to address low oil and natural gas prices that are hammering its profits. The company will also slash 10% of its workforce in 2016.
