Oil major Chevron shifts focus to prioritise profits over production
Business plan unveiled at investor day emphasises need to cut costs and lower capital expenditure
Economic news
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How K-shaped is the economy, really?
Prospects, more than wealth or income, have become more unequal
Elliott seeks to reassure investors as long-term returns fall behind S&P 500
Performance has lagged at Paul Singer’s hedge fund amid concerns that large size is barrier to strong returns
Markets should pay heed to the affordability squeeze
Political pressure in response to public anxiety will demand policy responses
Oil and gas demand to rise for 25 years without global change of course, says IEA
International energy watchdog sets out new pessimistic scenario to reflect fading commitment to climate change
Lukoil faces fire sale and takeover threat after US blocks Gunvor deal
Washington’s move to prevent ‘Kremlin’s puppet’ from buying Russian group’s assets revives prospect of Rosneft power grab