China’s Citic shows interest in sale that is core plank of FTSE 100 group’s push to raise $20bn
The Norwegian has become a lightning rod for shareholder criticism as chair of both companies
Plus, the competitors circling BP, and WeightWatchers files for bankruptcy
British company left vulnerable to acquisition after sharp slide in its share price over past year
Gulf clap
First-quarter profits drop 28% but Shell maintains $3.5bn-a-quarter buyback rate
Oil major’s turnaround depends to some extent on the world remaining relatively predictable
FTSE 100 group announces departure of executive who led strategy during failed pivot to renewables
Investors ask whether industry can afford the higher dividends and share buy-backs on offer over recent years
US oil major’s $30bn plan depends on Trump administration retaining Biden-era tax incentives
Plus, the man behind Jeffrey Epstein’s ‘Project Jes’ and the private credit partnership that’s taking off
The hedge fund Elliott is turning up the heat on BP with a demand for deep spending cuts
US activist discloses 5% stake and warns pivot back to oil and gas does not go far enough
Once famed for daring deals and exploration success, the oil group now trails its main rivals
Quarter of energy company’s investors vote against re-election of outgoing chair Helge Lund
Former CEO reflects on renewables backlash as he prepares to stand for election as Cambridge university chancellor
Legal & General is ‘deeply concerned’ by decision to pivot back to oil and gas
Washington’s decision could leave Trinidad and Tobago’s Atlantic LNG sites vulnerable to gas shortages
Exit follows a bruising period for UK oil major that faces pressure from activist Elliott
Executive tells staff it is not ‘commercially viable’ for group to keep unit focused on low-emission trucking
Oil group has started up two of its promised 10 major projects in past seven weeks
Murray Auchincloss’s share awards drop sharply to £2.75mn, compared with £4.36mn in 2023
Plus, Prada nears a deal to buy Versace and a planned management buyout bid for 7-Eleven’s parent collapses
Chair Helge Lund responds to investor pressure after scrapping plans to become major renewable energy player
If its shift to renewables was premature, its return to oil may also prove ill-timed
