Oil & Gas

Fitch says Total cuts must be the steepest

French group Total has to make the steepest cuts to investments and shareholder returns among Europe's oil majors if crude prices remain weak, in order to maintain its current credit rating, Fitch said today.

Oil & Gas

BP takes negative rating knock

BP’s rating outlook has taken a hit in the wake of additional Macondo fines. Fitch Ratings downgraded the industry giant’s default outlook from stable to negative. The firm cited outstanding fines and a dipped oil price for the slide.