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...One analyst who covers BP said there had been a very different tone from the company during a capital markets day last October, when the oil group took investors on a field trip to the Permian basin in Texas...
...Abu Dhabi has positioned itself as a regional AI hub as it seeks to diversify beyond oil....
...The $3tn to $4tn it will cost each year come in a different macro environment.”...
...Last year, Aramco acquired a 10 per cent stake in Shenzhen-listed Rongsheng Petrochemical for $3.6bn and entered a venture with two other Chinese companies to build a 300,000 b/d refinery and petrochemicals...
...She was a 31-year-old rookie special agent, slouched in a surveillance car and watching a Cuban load 17 cardboard boxes on to a Learjet....
...The company said it had paid a higher tax rate, and that while oil and gas trading were strong, prices had fallen substantially from a year earlier....
...BP made an underlying profit of $2.7bn in the first quarter of 2024, slightly below a consensus forecast from analysts of $2.9bn, and said its earnings had fallen because of lower oil and gas prices compared...
...Moore would tap on the window and watch a herd of sheep, owned by a local farmer, drift towards the sound. They became the subject of a huge body of work, including Sheep Piece (1971-72)....
...Meanwhile, after paying higher costs for finance and a bigger tax bill than expected, BP disappointed, coming in slightly below expectations with a $2.7bn profit....
...elaine.moore@ft.com Letter in response to this article: It’s a depressing fact but looks rule our internet age / From Tushar Garg, Scientist, India’s National Innovation Foundation, Gandhinagar, Gujarat...
...High-profile figures, including Richard Moore, head of MI6, and Civil Service head Simon Case, stepped down from the club after reports raised questions over their membership while leading organisations...
...“This is a long journey,” he added....
...The main driver of earnings was Shell’s gas business, which made adjusted earnings of $3.7bn, compared with $4.9bn a year earlier....
...The world’s largest commodity traders are investing heavily in data processing and analysis in a race to develop a technological edge over rivals....
...Dear reader, Here’s a puzzle. Electric car company Tesla presents a terrible set of first-quarter earnings and is rewarded with a 10 per cent share price jump....
...Details: Tim Moore was a guest of Belmond (belmond.com)....
...Infrastructure is a big problem....
...a disused gasfield in the North Sea....
...toddlers in a trenchcoat....
...Marc FilippinoElaine Moore is the FT’s deputy Lex editor and a tech columnist. Thanks, Elaine. Elaine Moore Thanks so much....
...It said China’s oil demand had normalised after a post-Covid spurt and that a mild winter had moderated demand....
...David Enticknap Chief Executive, Institutional Investor Research, London EC4, UK...
...So it is a multi-quarter approach, rather than trying to hit for a grand slam in one quarter,” he said....
...The call comes a year after the collapse of a £1.7bn takeover approach for Wood from buyout group Apollo....
...The cuts have crimped production of crude by some 5.3mn barrels a day, or about 5 per cent of global supply....
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