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1 May 2015 18:00

UPDATE 3-Chevron profit drops but beats expectations on refining margins

(Adds conference call details, updates trading) By Ernest Scheyder May 1 (Reuters) - Oil and natural gas producer Chevron Corp reported a 43 percent drop in quarterly profit on Friday, though results beat analysts' expectations as cost cuts and robust refining margins helped offset t

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1 May 2015 15:15

Shell, Total align trading and refining units to drive profit growth

* Shell, Total restructure to combat falling oil prices * Refinery profits also under pressure from competition * Oil firms fighting off challenge from trading houses By Dmitry Zhdannikov and Ron Bousso LONDON, May 1 (Reuters) - Top oil firms Royal Dutch Shell and Total a

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1 May 2015 14:59

RPT-UPDATE 2-Chevron profit beats expectations, cost cuts offset cheap oil

(Repeats to additional subscribers.) By Ernest Scheyder May 1 (Reuters) - Oil and natural gas producer Chevron Corp reported a 43 percent drop in quarterly profit on Friday, though results beat analysts' expectations as cost cuts and robust refining margins helped offset the impact o

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1 May 2015 14:34

Little chance Big Oil's refining boom will last for long

* Refining and trading made 60pct of oil majors' profits in Q1 * Strong margins to fade by Q4 2015 * Golden age will not change need for refinery closures By Ron Bousso and Libby George LONDON, May 1 (Reuters) - The world's top oil companies can expect only limited solace

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1 May 2015 06:59

Friday newspaper round-up: Greek banks, Labour party, Ukraine

"Panicking pensioners queued at banks, raided their accounts and broke into a board meeting of the state pension fund yesterday as Greece struggled to pay its two million pension recipients," The Times writes. Labour leader Ed Miliband has ruled out a coalition with the Scottish National Party, sayi

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30 Apr 2015 18:01

Thursday broker round-up

Schroders: Credit Suisse reiterates outperform and 2,770p target price. Tesco: UBS restarts coverage at buy with 260p target. Pearson: Westhouse Securities reiterates sell and 1,185p target price. RBS: Shore Capital reiterates hold, Numis reiterates add (with 400p target), Investec reiterates hold

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30 Apr 2015 17:58

U.S. firms lead EU lobbying league

* U.S. companies dominate top spending rankings * Tech rivals Microsoft, Google among big lobbiers * Oil giants maintain high spending, Deutsche Bank grows * Data deadline was first since registration mandatory By Alastair Macdonald BRUSSELS, April 30 (Reuters) - U.S. compani

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30 Apr 2015 16:23

London close: Stocks edge higher despite mixed earnings, data

UK stocks managed to erase earlier losses to settle in positive territory on Thursday as investors picked up bargains following heavy losses over the last two sessions. The FTSE 100 finished 0.21% higher at 6,960.63, bouncing back after hitting a low of 6,906.24 early on amid a mixed batch of corpor

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30 Apr 2015 14:11

Shell looks with "keen interest" at offshore Brazil assets

LONDON, April 30 (Reuters) - Royal Dutch Shell will look with "keen interest" at any subsea deep water oil assets Brazil's state-run Petrobras puts up for sale, Chief Executive Officer Ben van Beurden said on Thursday. "If things will be offered up in pre-salt in areas that we understand we

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30 Apr 2015 13:04

FTSE 100 movers: Shire surges on earnings growth, RBS hit by weak revenues

Shire surged after reporting that earnings rose 20% in the first quarter as sales at the Dublin-headquartered drug company overcame a sharp drop in its Intuniv attention deficit disorder drug and dollar headwinds. Royal Dutch Shell was trading higher after revealing a better-than-expected 56% drop i

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30 Apr 2015 12:02

London midday: Stocks erase losses but weak earnings limit upside

Uncertainty surrounding US monetary policy and a raft of poorly-received corporate earnings kept the FTSE 100 flat on Thursday morning, with the index fluctuating at its lowest in three weeks. The FTSE 100 was up just 0.09% at 6,952.66 by midday, with RBS, IAG and Schroders limiting upside after dis

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30 Apr 2015 11:51

Broker tips: RBS, British American, Shell, RPS Group

A quick reaction note from Bernstein on Royal Bank of Scotland praised a "strong beat" on operating expenses and lower restructuring costs than it expected, with its 'outperform' rating maintained and target price moved to 450p. Delivering its investment case, Bernstein said that once the restructur

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30 Apr 2015 11:02

Hargreaves Lansdown hails Shell's business model as Q1 results beat forecasts

Royal Dutch Shell remains a "strong hold" among analysts, according to Hargreaves Lansdown Stockbrokers, after the oil major reported a less-than-expected decline in first-quarter profits. Earnings on a current cost of supplies sank 56% year-on-year when excluding identified items to $3.2bn in the f

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30 Apr 2015 10:09

UPDATE 3-Shell beats profit expectations, rules out another mega-deal

* Q1 profit down 56 pct to $3.2 bln, beats consensus of $2.4 bln * Like at BP and Total, Shell's refining and trading pay bills * Market welcomes 2015 capex cut to $33 bln * CFO says has no resources for another mega-deal after BG (Adds CFO quotes) By Ron Bousso and Dmit

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30 Apr 2015 10:08

Shell pushes on with Arctic exploration as it awaits U.S. permit

LONDON, April 30 (Reuters) - Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups. The Anglo-Dutch oil major is preparing "an armada of 25 vessels" to begin a two-year programme to explore t

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