Tag Archives: profits

Shell’s second-quarter net profit plunged by almost 32% on Thursday, impacted by a drop in oil prices, weaker gas trading results, and losses linked to an outage in its chemicals operations. However, despite these challenges, the oil major exceeded analysts’ expectations with a reported $4.26 billion in adjusted earnings, significantly …

Saudi Aramco (TADAWUL:2222), the world’s largest oil company, announced on Tuesday that it expects to declare $85.4 billion in total dividends in 2025, a notable decrease from the $124.25 billion distributed in 2024. Financial Performance: Declining Profitability in 2024 The oil giant reported a 12.4% drop in full-year 2024 net …

Saudi oil giant Aramco (TADAWUL:2222) reported a 15.4% year-over-year decline in its third-quarter profits, attributing the drop to lower crude prices and weaker refining margins. However, Aramco reaffirmed its commitment to a substantial dividend, maintaining a $31.1 billion payout for the quarter. Profit Performance and Market Reaction For the quarter …

Higher consumer interest rates continued to hurt profitability in the US banking sector, as Bank of America said on Tuesday that its Q2 profit decreased 6.8% from the same period last year. Nonetheless, as total earnings exceeded analysts’ projections, the stock surged more than 4%, surpassing the S&P 500’s 0.2% …

Tesla has postponed the launch of its highly anticipated robotaxi by approximately two months to October, according to a Bloomberg News report. This delay stems from a directive for the design team to rework certain elements of the vehicle. Following the news, Tesla’s shares experienced an 8% decline, closing at …

Tesla has topped the auto industry in profit per vehicle for the year through March, with Tesla’s net profit being the highest among top automakers. Nine of 12 top global automakers made more money per vehicle in the year ended March than the previous year due to recovering supply chains …

Amid difficulties in Russian refining and shipping across the Red Sea, Shell reported a $7.7 billion profit for the first quarter, exceeding estimates and driving higher oil trading and liquefied natural gas production. Over the following three months, Shell intends to repurchase $3.5 billion worth of shares, continuing at the …

Disney (DIS) delivered robust fiscal first-quarter earnings on Wednesday, outperforming analyst expectations and announcing a significant boost in its cash dividend. The company’s streaming losses narrowed, further buoying investor confidence. Earnings Beat and Fiscal Outlook Adjusted earnings per share stood at $1.22, surpassing analyst estimates of $0.99, as polled by …

Bitcoin demonstrated a notable surge on Tuesday, registering a three percent increase and surpassing the $45,000 barrier. This marks a significant milestone for the world’s largest and most renowned cryptocurrency, representing a robust commencement to the new year. Bitcoin reached a 21-month high at $45,386 earlier today, experiencing a two …

Bitcoin’s price fell sharply, nosediving by 5.67% to $41296. However, technical indicators and on-chain data indicate that Bitcoin remains strong as bulls attempt to push it back above $44,000. According to on-chain data, Bitcoin has reached its Crosby Ratio golden ratio multiplier near-term target. Above $40,000, the price has reached …