BP swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain and continued to weigh on fuel demand and refining profits

Royal Dutch Shell announced plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy

BP entered the offshore wind market on Thursday with a $1.1 billion deal to buy 50% stakes in two U.S. developments from Norway’s Equinor, a significant step by the oil firm towards its energy transition goals

Argentine state oil company YPF stated it posted a net loss of 1.165 billion dollars in the second quarter of the year, its worst quarterly loss on record, due to the negative impact of the coronavirus pandemic

State oil giant Saudi Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world’s biggest oil exporter

BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy

Exxon Mobil Corp reported a $1.1 billion second-quarter loss on sharply lower energy demand and prices from the COVID-19 pandemic, and confirmed plans to make deeper spending cuts

Royal Dutch Shell posted a colossal net loss of USD18.1 billion for the second quarter, blaming massive asset writedowns on the coronavirus-hit oil market, and flagged that job cuts are on the way

Mexico’s Petroleos Mexicanos (Pemex) reduced losses during the second quarter even as crude prices fell during the coronavirus pandemic, the national oil company said

Spanish oil and gas firm Repsol posted a quarterly net loss and wrote down $1.5 billion in assets as it revised down unusually high expectations for oil and gas prices over the next 30 years