Royal Dutch Shell Plc

European equities declined on Thursday as London stocks were sapped after Glencore scrapped its dividend and oil stocks slid, while investors kept a close eye on Washington for progress on U.S. stimulus.

(For a live blog on European stocks, type LIVE/ in an Eikon news window) * BoE now sees recovery to pre-pandemic levels by end-2021 * Glencore scraps dividend, books $3.2 billion charge * Aviva surges on plan to reduce Asia, Europe focus * FTSE 100 down 1.3%, FTSE 250 off...

Glencore <GLEN.L> became the first major mining company to scrap its dividend, saying on Thursday the economic outlook was too uncertain because of the coronavirus pandemic and that it would prioritise cutting debt instead.

* FTSE 100 jumps 1.1%, FTSE 250 surges 1.9% (Updates to close)

Somalia expects to announce the winners of its first oil and gas licensing round early next year, as the country seeks petro dollars to help rebuild its struggling economy, a senior government oil official said on Wednesday.

A group of investors is raising concerns about the treatment of migrant workers in the Gulf, warning that labour practices risk leading to abuses such as modern slavery.

A group of investors is raising concerns about the treatment of migrant workers in the Gulf, warning that labour practices risk leading to abuses such as modern slavery.

BP <BP.L> cut its dividend for the first time in a decade after a record $6.7 billion second-quarter loss, when the coronavirus crisis hammered fuel demand, and it sought to win over investors by speeding up its reinvention as a lower carbon company.

As U.S. lawmakers plot to stop one of Moscow's most important projects in Europe, the Nord Stream 2 pipeline, lobbyists supporting it are busier than ever but disclosing few details of their work, according to government filings and current and former U.S. officials.

Poland's anti-monopoly watchdog UOKiK said on Monday it had fined Gazprom 213 million zloty ($57 million) <GAZP.MM> over a lack of cooperation in its proceedings with regard to the Nord Stream 2 pipeline project.

Royal Dutch Shell's Australia unit <RDSa.L> said on Monday it will buy environmental services firm Select Carbon as it seeks to cut back its emissions and expand its low-carbon and renewable power business.

Chevron Corp <CVX.N> on Friday reported an $8.3 billion quarterly loss, its largest in at least three decades, and joined rival oil producers in writing down billions of dollars in assets due to plunging demand for fuel.

Exxon Mobil Corp <XOM.N> on Friday reported a $1.1 billion second-quarter loss on sharply lower energy demand and prices from the COVID-19 pandemic, and confirmed plans to make deeper spending cuts.

Glencore expects its trading arm to hit the top end of its operating income target this year, the commodities giant said on Friday, after it took advantage of oil market gyrations caused by the COVID-19 pandemic.

ConocoPhillips said on Thursday it expects production curtailments in the current quarter to be roughly half as much as last quarter and will restore most of its output by the end of September, after the oil and gas producer slashed about a third of its output in April as...

Europe's Airbus <AIR.PA> announced a new cut in production of its marquee A350 jet on Thursday as it swung to a larger-than-expected second-quarter loss in the face of the global pandemic.

Exxon Mobil Corp <XOM.N> is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8% shareholder dividend with a multi-billion-dollar quarterly loss looming.

Swiss bank Credit Suisse Group AG will merge its oil and gas banking group with the global infrastructure, utilities and renewables team as part of a broader restructuring announced earlier on Thursday, according to a memo seen by Reuters.

Exxon Mobil Corp is preparing deep spending and job cuts, according to people familiar with the matter, as it fights to preserve a 8% shareholder dividend with a multi-billion-dollar quarterly loss looming.