Shares of Marathon Petroleum Corp. advanced 4.54% to $154.31 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.53% to 6,118.71 and the Dow Jones Industrial Average rising 0.
India's Bharat Petroleum Corp (BPCL) plans to invest $121 million to develop the Nunukan oil and gas block in Indonesia, the company said in a exchange filing on Wednesday.
In case there was any doubt, President Donald Trump made it clear in his inauguration speech that during his second term "we will drill, baby, drill."
Egyptian President Abdel Fattah al-Sisi said on Wednesday that the state needs $20 billion annually to secure petroleum products, according to a video provided by Sisi's office.
When you’re the largest producer of petroleum in the world and you increase your production, prices might drop along with profits. That's bad for investors.
Southeastern c-store and travel center operator LV Petroleum has acquired two travel centers from Wilmoth Oil Company, according to an announcement from M&A advisor Downstream Energy Group.
Hindustan Petroleum Corp Ltd (NSE:HINDPETRO) is set to release its Q3 2025 earnings on Jan 24, 2025. The consensus estimate for Q3 2025 revenue is $1,040.48 billion, and the earnings are expected to come in at $7.
Bharat Petroleum Corporation Ltd (BPCL) plans to build India's most expensive oil refinery-cum-petrochemical complex in Andhra Pradesh, estimated at Rs 95,000 crore. The project will process 9 million tonnes annually and is expected to be commissioned within four years.
Big Island BLNR member Riley Smith raised some concerns about the quality of the fuel storage tanks on the site, noting that the aging equipment could be susceptible to leaks and does not appear to have any system to contain any leaks that do occur.
The US Strategic Petroleum Reserve (SPR) is a stockpile of crude owned by the US government. It provides a back-up supply of crude oil if the commercial oil supply is disrupted.
Revenue decreased by 1.87% YoY & profit increased by 19.63% YoY, profit at ₹3805.94 crore and revenue at ₹127550.57 crore.
India's Bharat Petroleum Corp (BPCL) plans to invest $121 million to develop the Nunukan oil and gas block in Indonesia, the company said in a exchange filing on Wednesday. BPCL's exploration unit, Bharat PetroResources,