Let’s keep those snouts in the trough.
People outraged by big oil salaries will choke on the news that despite BP’s recent financial troubles, with the company reporting a 22 per cent fall in profits, its top brass earned nearly $24 million.
Lord Browne of Madingley, the former chief executive of BP, earned more than $6 million […]

In contrast to record profits at Shell and Exxon, Profits at BP, the UK’s largest company, fell 22 per cent to $17.29 billion last year. The oil giant confirmed it would cut 5,000 jobs and target a 20 per cent reduction in overheads by the middle of next year in a drive to improve profitability.
Chief […]

Over the next few days more oil companies will announce obscene profits.
But as the headlines are taken by calls for a windfall tax, the real story is one that has been brewing for some time. Big Oil can’t find enough oil. Yesterday, despite making £93m a day, Shell did not impressed the markets. The company’s […]

Today’s stories are all about big bucks. Oil giant Shell is facing renewed accusations of profiteering after reporting record profits of $27.6bn - the highest-ever figure reported by a British company.
The huge profits - equivalent to more than $3m an hour and a 9% increase on last year - will cause anger amongst Britain’s motorists […]

Big oil’s timing is always, as ever, impeccable. Just stop and think for a moment. It’s the biggest climate meeting in a decade and you would think that big oil companies would be tripping over themselves to be seen to be green…
However, last week came the news that BP was investing in dirty oil sands […]