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Corporate Strategy

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Shell Draws Multiple Bidders for U.S. Chemicals Business

A sale would free cash for higher-return oil and gas projects, signaling a shift in Shell’s capital strategy.

BP Sells Gelsenkirchen Refinery to Klesch Group

BP Puts UK North Sea Business Up for Sale

BP To Cut About 700 Non‑Frontline Roles, Internal Email Shows

BP Cuts Complexity by Reuniting Into Upstream and Downstream Units

Chevron Boosts Venezuela Heavy-Oil Stake in PDVSA Asset Swap

Devon and Coterra Strike All-Stock Merger to Form $58 Billion Shale Operator

Chevron Sets 2030 Plan for Double-Digit Cash and EPS Growth, Trims Capex, Eyes AI Power Project

DNO, Aker BP Seal Asset Swap to Lift DNO’s Verdande Stake to 14%

BP Confirms Largest Oil and Gas Find in 25 Years at Brazil’s Santos Basin