Oil Refinery Market Swot Analysis by Key Players Shell, BP, Qatar Petroleum dailyherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyherald.com Daily Mail and Mail on Sunday newspapers.
The coronavirus pandemic has wrought economic disruption on a global scale, but one sector has marched on throughout the chaos: big tech. Further evidence of the industry’s relentless progress has come in recent weeks with the news that Apple and Amazon both raked in sales of $100bn (£72bn) over the past three months – 25% more than Tesco brings in over a full year. Amazon also revealed that its founder, Jeff Bezos, is to step down as chief.
1 February 2021 11:42 GMT Updated 2 February 2021 14:56 GMT in London
S&P Global Ratings (S&P) is considering downgrading the credit ratings of nine of the world’s largest oil companies in a move that analysts said could deter them from investing in greener forms of energy or help accelerate spin-offs of their renewable energy businesses.
S&P the largest of the three ratings agencies last week warned companies including Shell, ExxonMobil, Chevron and Total, as well as some subsidiaries, their credit ratings could be downgraded within weeks amid concerns about increased risk due to the energy transition.
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