Morgan Stanley downgraded its view on shares of BP by one notch from 'overweight' to 'equalweight', predicting that management would continue to prioritise debt reduction over the dividend payout.
Royal Dutch Shell's profit more than doubled in the fourth quarter as the oil company gained from higher oil prices and increased efficiency.
Royal Dutch Shell has given the go-ahead for its first new manned oil and gas rig in the northern North Sea in almost 30 years, as it redevelops the Penguins oil and gas field.
Analysts at Morgan Stanley revised their price targets for a broad swathe of the European oil majors higher, despite 'peak oil demand' concerns in the marketplace, naming BP and Shell as their 'top picks' in the process.
Spire Healthcare Group: Berenberg upgrades to Buy with a target price of 310p.
Big Oil paced gains after Royal Dutch Shell said it would re-start its cash payouts from the fourth quarter of 2017.
Royal Dutch Shell will begin paying a cash dividend again in the fourth quarter of this year as a strategy update from the oil giant saw cash flow targets and pledge to continue cutting debt.
Barclays reiterated its 'overweight' stance and 2,850p target price on shares of Royal Dutch Shell, pointing to the solid outlook for Asian demand of liquified natural gas that the broker said should support long-run prices and provide better trade opportunities.
Ultra Electronics: Berenberg downgrades to Sell with a target price of 1550p.
MITIE: Jefferies upgrades to Buy with a target price of 290p.
Royal Dutch Shell's third-quarter profit beat forecasts, rising by almost half to $4.1bn (£3.1bn) as Britain's biggest oil company benefited from rising oil prices.
One of Royal Dutch Shell's major licensees in Africa is mulling a public listing that could value the firm at over $3bn (£2.27bn).
As Donald Trump plans his massive border wall, Royal Dutch Shell unveiled plans to invest $1bn in a retail-based expansion in Mexico, the fifth biggest consumer of gasoline in the world, after the company opened its first service station in the country this week.
Hikma Pharmaceuticals: Jefferies upgrades to Hold with a target price of 1045p.
Shell announced on Wednesday that it had completed the sale of its 50% share in SADAF, the company's joint venture with SABIC, following regulatory approval from the kingdom of Saudi Arabia.
Analysts at Credit Suisse told clients they were encouraged by the oil majors' progress on those factors which they could control.
A better performance at its upstream division, together with continued asset disposals, buoyed Royal Dutch Shell's bottom line during the second quarter of 2017.
Royal Dutch Shell has declared force majeure on Bonny Light crude oil exports in Nigeria, meaning be temporarily exempt from contractual obligations.
Anglo-Dutch oil giant Royal Dutch Shell has agreed a deal to divest its upstream oil interests in Ireland for up to $1.23bn.
HSBC: Berenberg downgrades to Hold with a target price of 600p.