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New report reveals surprising trend for major oil companies: ‘Investors are looking for some reassurance’

“We strongly believe these extra steps should help avoid such incidents in the future,” Mehta said. The board has also begun the process of identifying a new CEO, with the RBI requiring a shortlist by June 30. In the corporate lending segment, the bank opted to let go of some exposures to manage near-term liquidity. “This was a practical decision keeping short-term objectives in mind,” Sen said. Soumitra Sen, Head – Consumer Banking & Marketing at IndusInd Bank, said the lender maintained stable market share across commercial vehicles, construction equipment and passenger cars.

Gas Car Ban Hinges on Upcoming EPA and Supreme Court Decisions

The decrease in profits in 2023 reflects that oil prices have weakened since the Russian invasion of Ukraine. Exxon and Chevron were able to report higher than expected earnings per share during the fourth quarter but fell short of expected revenue. Shell was able to report higher than anticipated earnings for the final quarter and net income for the full year. Three of the largest oil and gas producers this week reported strong combined profits of $85.6 billion in 2023.

Oil India’s board recommended a final dividend of Rs 1.5 per share for FY25.

Their versatility makes them appealing to a diverse range of individuals seeking natural remedies for stress relief, relaxation, and skincare. For example, lavender oil from France is prized for its soothing and floral scent, while eucalyptus oil from Australia is known for its invigorating properties. The regional variations in climate, soil composition, and growing conditions play a significant role in determining the quality and aroma of the final product. This competitive landscape drives producers to innovate and maintain the authenticity of their oils, ensuring that consumers receive pure and effective products. Is the pizza, pair of shoes, extra shot of espresso or other transitory goodies worth it?

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Our Money features writer Brad Young has been exploring what happens to women’s finances after divorce and why they are often left much worse off than men. For those of you preparing to jet off on holiday, we rounded up the data roaming fees being charged by the UK’s major phone providers. One of them is offering the equivalent of £310 for switching – but there are specific criteria you need to meet to qualify. All focus has already turned to what could come next for energy bills, with people cautiously hoping Donald Trump won’t cause any increases…

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For Exxon and Chevron, the resilient profits were partly driven by strong growth in oil and gas production in the United States. The companies’ renewed focus on domestic fossil fuel production has spurred backlash from environmentalist activists. “In 2023, we returned more cash to shareholders and produced more oil and natural gas thanany year in the company’s history,” said Mike Wirth, Chevron’s chairman and chief executiveofficer.