LONDON (Reuters) - Royal Dutch Shell Plc <RDSa.L> said it planned even deeper cuts to its oil refining and retail operations after downstream weakness caused a 75 percent fall in fourth-quarter profits to $1.18 billion. Chief Executive future Peter Voser pledged $1 billion in cost cuts and ...

LONDON (Reuters) - British oil major BP Plc <BP.L> reported a lower than forecast 33 percent rise in fourth-quarter replacement cost profit as refining margins were squeezed and warned an operational turnaround would slow in 2010. Europe's largest oil company by market capitalization said on Tuesday it ...

BP reports 4th quarter profit of $4.3 billion, up from year-ago loss but down on the quarterBP PLC, Europe's second-largest oil company, on Tuesday reported a net profit of $4.3 billion for the fourth quarter, up from a year-ago loss but short of analysts' estimates, due to ...

KBR to market BP's Veba Combi refining technology under new agreementEngineering and construction company KBR Inc. will promote and market a BP-owned refining technology under an agreement announced Thursday. Veba Combi cracking technology, or VCC, uses hydrogen to upgrade residual oils into high-quality distillates and synthetic crude oil. Houston-based ...