BP reports Q2 profit of $8.45 billion, boosts dividend BP's second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins and oil trading helped it boost its dividend … Business • 02 Aug
BP wins shareholder support for climate strategy BP shareholders yesterday backed the energy company's climate strategy, while fewer investors than last year supported a resolution filed by an activist group urging faster … Business • 13 May
BP boosts buybacks as profit soars to highest in decade BP boosted its share buyback programme after its net profit soared to its highest in over a decade on strong oil and gas trading results, … Business • 03 May
Western firms head for the exit in Russia Energy giant BP, global bank HSBC and the world's biggest aircraft leasing firm AerCap joined a growing list of companies looking to exit Russia today, … Business • 28 Feb
BP to exit stake in Russian oil giant Rosneft BP is exiting its 19.75% shareholding in Russian oil giant Rosneft, the firm said in a statement. Business • 28 Feb
BP sticks with Russian business, CEO Looney says BP is sticking with its Russian oil and gas business, which has so far been unaffectd by simmering tensions between Russia and the West, its … Business • 14 Feb
BP records highest profit in eight years in 2021 BP has today reported a profit of $12.8 billion in 2021, the highest in eight years, as natural gas and oil prices soared and the … Business • 08 Feb
BP's third quarter profit beats forecasts BP has today reported a rise in third quarter profit, lifted by oil and gas prices and a strong trading performance, allowing it to expand … Business • 02 Nov 21
BP to stick with oil and gas for decades, CEO says BP will continue producing hydrocarbons for decades to come and will benefit from rising oil prices even as it reduces output as part of its … Business • 23 Jun 21
BP's lobbying for gas shows rifts over emissions path Oil major BP has lobbied for the EU to support natural gas, a move that exposes divergent views among investors and reflects a wider European … Business • 17 May 21
Europe's oil majors leave pandemic blues behind Europe's major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings today, putting the worst of the pandemic … Business • 29 Apr 21
BP profit soars on strong oil and gas trading BP's profit soared in the first quarter to $2.6 billion thanks to stronger oil prices and bumper revenue from natural gas trading as the energy … Business • 27 Apr 21
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 21
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 21
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
