BP offers employees shares in cry for low-carbon shift Oil major BP is launching its first share award scheme to rally its more than 60,000 employees around CEO Bernard Looney's plan to shift to ... Business • 17 Feb
BP sinks to first loss in a decade on pandemic hit BP's profit in the last quarter of 2020 sunk to $115m due to weak energy demand and poor trading results, with fuel consumption continuing to ... Business • 02 Feb
BP swings back to small quarterly profit BP swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain and is weighing ... Business • 27 Oct 20
BP halves dividend after record loss in Q2 BP has cut its dividend for the first time in a decade, after reporting a record $6.7 billion loss in the second quarter as the ... Business • 04 Aug 20
BP to sell petrochemicals unit to Ineos for $5 billion BP has agreed to sell its global petrochemicals business to billionaire Jim Ratcliffe's Ineos for $5 billion, pulling out of a sector widely seen as ... Business • 29 Jun 20
BP to write off up to $17.5 billion on lower forecasts BP said it will take a writedown of up to $17.5 billion in its second-quarter earnings after sharply lowering its long-term oil and gas price ... Business • 15 Jun 20
BP to cut 10,000 jobs in renewable energy shift BP will cut about 15% of its workforce in response to the coronavirus crisis and as part of chief executive Bernard Looney's plan to shift ... Business • 08 Jun 20
BP's Looney halves top management roles under new plan BP is more than halving the size of its senior management team as part of chief executive Bernard Looney's drive to make the 111-year-old oil ... Business • 26 May 20
BP's profit tumbles by two-thirds but beats forecasts BP's first-quarter profit tumbled by two thirds and its debt climbed to its highest in at least five years as the coronavirus crisis hammered oil ... Business • 28 Apr 20
BP deepens emissions targets as CEO 'reinvents' firm BP plans deep cuts to its carbon emissions by 2050, setting one of the oil sector's most ambitious targets, as part of the biggest overhaul ... Business • 12 Feb 20
BP temporarily shuts London HQ on new CEO's first day Climate protesters forced BP to temporarily shut down its London headquarters today, the first day in office for the oil and gas company's new CEO ... Business • 05 Feb 20
BP's Looney goes all-in on climate goals Incoming BP chief executive Bernard Looney plans to expand the company's climate targets and is considering overhauling the structure of the oil and gas major ... Business • 22 Jan 20
Premier Oil plans rights issue for buying spree Premier Oil is set to buy stakes in North Sea oilfields Andrew and Shearwater from BP for $625m and increase its stake in the Tolmount ... Business • 07 Jan 20
Incoming BP CEO won't take up Rosneft board seat Incoming chief executive Bernard Looney will not take up either of BP's seats on the board of Rosneft when he takes over in February because ... Business • 19 Dec 19
BP Q3 profits slump on weaker oil prices BP's profits fell sharply in the third quarter, hurt by lower oil prices, but strong refining operations helped the company beat expectations even after taking ... Business • 29 Oct 19
BP taps insider Irish man Bernard Looney as new CEO Oil giant BP today said its upstream business head Bernard Looney will succeed Bob Dudley as chief executive officer when he retires next year after ... Business • 04 Oct 19
Greenpeace activists halt BP North Sea oil rig Greenpeace activists have said they halted the progress of an oil rig destined for BP's North Sea exploration programme off the coast of Scotland. World • 10 Jun 19
BP's profit slump buffered by higher output, trading BP's first quarter profits fell by nearly a third but beat forecasts as lower oil and gas prices and weaker refining margins were offset by ... Business • 30 Apr 19
BP's net profit almost trebles to $9.4 billion in 2018 BP almost trebled its annual net profit to $9.4 billion (€8.2 billion) last year as oil prices soared towards the end of 2018, the British ... Business • 05 Feb 19
BP agrees to buy BHP oil and gas assets BP has agreed to buy US shale oil and gas assets from global miner BHP Biliton for $10.5 billion, expanding the British oil major's footprint ... Business • 30 Oct 18
BP bets on electric car switch with Chargemaster deal BP is buying Britain's top electric vehicle charging firm Chargemaster and will initially roll out its ultra-fast chargers across its filling station network in the ... Business • 28 Jun 18
BP's profit surge 71% on higher oil prices and output BP today reported a 71% jump in first-quarter profit driven by higher oil and gas prices and increased production as it undergoes rapid growth. Business • 01 May 18
BP sees electric vehicles crimping oil demand by 2040 The emergence of self-driving electric cars and travel sharing are set to dent oil consumption by 2040, oil and gas giant BP said, forecasting a ... Business • 21 Feb 18
BP's Q4 results surge on refining and trading BP's profits more than doubled in 2017 to $6.2 billion due to a large increase in oil and gas production as the company resumed share ... Business • 06 Feb 18
BP to take $1.7 billion Deepwater Horizon charge BP said today it would take a new charge over the 2010 Deepwater Horizon spill after again raising estimates for outstanding claims, lifting total costs ... Business • 16 Jan 18
