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Chevron beats quarterly profit expectations on higher oil output 

Reuters was nearly 17 minutes ahead when Chevron released its third-quarter earnings, beating Wall Street expectations. The results sent the oil major’s shares up almost 4%.  The post Chevron beats quarterly profit expectations on higher oil output  appeared first on Reuters News Agency.

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BP drops oil output target in strategy reset 

Reuters exclusively reported that BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence. When unveiled in 2020, BP’s strategy was the sector’s most ambitious with a pledge to cut output by 40% while rapidly growing renewables by...

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OPEC+ could delay December oil output hike, sources say 

Reuters was first to report that the OPEC+ had agreed to do delay its planned December oil output hike, prompting global oil prices and European oil equity prices to rally.  The post OPEC+ could delay December oil output hike, sources say  appeared first on Reuters News Agency.