BP begins search for new CEO with no clear front-runner BP CEO Bernard Looney's abrupt resignation has thrown the British oil major into a leadership crisis with no groomed front-runner to succeed him, company and … Business • 14 Sep
BP's Irish CEO Looney resigns with immediate effect BP CEO Bernard Looney has resigned with immediate effect after accepting he was not "fully transparent" in his disclosures about past relationships with colleagues. Business • 13 Sep
BP boosts dividend even as profit slumps 70% to $2.6bn BP's second-quarter profit slumped 70% from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing … Business • 01 Aug
BP profit rises to $5 billion as share buyback is cut BP made a $5 billion profit in the first quarter of 2023, up from the previous three months on the back of strong oil and … Business • 02 May
BP CEO Looney's 2022 pay more than doubles to £10m BP's chief executive Bernard Looney's total remuneration for 2022 more than doubled to £10.03m from £4.46m in 2021, BP's annual report published today showed. Business • 10 Mar
BP makes record profit in 2022, boosts oil spending BP has today reported a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on plans … Business • 07 Feb
Ukraine war to accelerate shift to clean energy - BP Russia's war in Ukraine is expected to weigh on long-term energy demand and accelerate the world's shift to renewables and low-carbon power as countries boost … Business • 30 Jan
Investors ramp up pressure on Big Oil firms on targets A group of investors has tabled resolutions urging four of the world's top oil and gas companies to set broad climate targets for 2030, reviving … Business • 19 Dec 22
BP doubles down on hydrogen as fuel of the future BP chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major economies stump up cash to develop … Business • 05 Dec 22
Oil giant BP made $8.2bn profit in its third quarter BP has revealed its profits more than doubled for the past three months amid ratcheting calls for stiffer windfall taxes for energy producers. Business • 01 Nov 22
BP to buy US biogas producer Archaea for $4.1bn BP will buy US-based renewable natural gas (RNG) producer Archaea Energy for about $4.1 billion, the companies said today, as the British energy major seeks … Business • 17 Oct 22
BP says Toledo refinery shut after fire, two hurt BP said today that it had shut its 150,800 barrel-per-day Toledo, Ohio refinery after a fire, which injured two. Business • 21 Sep 22
Rosneft H1 profit jumps to $7.2bn despite sanctions Top Russian oil producer Rosneft posted a 13% rise in half-year net profit today to 432 billion roubles ($7.22 billion) which it said was helped … Business • 15 Sep 22
Gas market crisis 'not a one winter deal' - BP's Looney The Chief Executive Officer of BP Bernard Looney has said the current crisis in the European gas market is "not a one winter deal". Ukraine • 05 Sep 22
BP's Looney inducted into Irish Academy of Engineering The Irish Academy of Engineering has formally inducted Kerryman and BP chief executive Bernard Looney as a Fellow of the organisation. Business • 05 Sep 22
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 22
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 22
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 22
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 22
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 22
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 22
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 22
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
