British Petroleum (BP) Reports 70% Drop in Profit in Q2 2023, Raises Dividends by 10%
With falling commodity prices, BP and other oil giants faced significant headwinds taking a major hit on its profits during Q2 2023.
BP Reports Bumper Profit in Q1 2022 but Russia Exit Pinches Hard
BP reported a headline loss of $20.4 billion for the Q1 2022 resulting from its exit from Russia.
NKLA Stock Tanks 25% as Nikola Faces Allegations of Fraud and Misleading Investors
The latest report from Hindenburg Research accusses Nikola for defrauding investors about the preparedness of its hydrogen-fuel technology. Stock tanks more than 40% in the last three days.
Chinese Sinochem Unit Set to Launch Blockchain for Oil Trading with Shell
Blockchain technology is gaining ground in the global energy sector. Following the success of Vakkt, the world’s first energy blockchain, China’s Sinochem and strategic partners are looking into the development of energy blockchain as well.