refining margins News

MRPL Faces Rs 272 Crore Loss in Q1 FY26: A Deep Dive into Declining Revenues and Refining Margins

MRPL, a subsidiary of ONGC, reported a Rs 272 crore loss in Q1 FY26 due to declining revenues and refining margins, despite achieving a record crude processing milestone in April 2...

Shell Anticipates Significant Drop in Oil and Gas Production for Q2 2025 Amid Maintenance and Divestitures

Shell Plc announces a projected decrease in Q2 2025 oil and gas production due to maintenance and the sale of its Nigerian unit, with improved refining margins but potential losses...

BP Faces a Steep 69% Drop in Q1 Profits Amid Market Challenges

BP plc reports a 69% drop in Q1 2025 profits to $687 million, citing lower operating cash flow and weak gas marketing. Despite challenges, the company increases dividends and highl...

BP Announces Major Workforce Reduction: 4,700 Jobs and 3,000 Contractor Positions to Be Cut

BP plc is set to reduce its global workforce by 4,700 employees and cut 3,000 contractor positions as part of its cost-cutting strategy. The company anticipates a drop in fourth-qu...

BP Anticipates Significant Impact on Q4 Earnings Due to Declining Refining Margins

BP predicts a significant impact on its Q4 earnings due to weaker refining margins, with expected profit reductions and production declines across key segments. The company remains...