Energy giants BP and Shell unveiled sharp downturns in their usual earnings last week in a rocky third quarter for the sector, with the oil and gas industry failing to match last year’s record profits.
Compare and contrast Shell’s shares soar as BP endures rocky journey on London Stock Exchange Wael Sawan, Shell’s new chief executive, has even described any further radical reductions as “dangerous and irresponsible.” BP has, instead, tried to present itself as offering the best of both worlds – backing green energy while doing its bread-and-butter production of oil and gas, which has seen the company caught between two stalls.
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