BP boss defends dividend hike, buybacks amid cost-of-living crisis
BP’s (LON:BP) chief executive has defended the company’s share buyback and dividend plans as campaigners criticised its record quarterly profits as "obscene".
Bernard Looney
BP charts $800m windfall tax hit in bumper Q2 results
Oil giant BP (LON:BP) again reported bumper second-quarter profits, which ballooned to more than $8.4 billion, but estimates it will pay an extra $800 million by the end of 2025 in the wake of the UK’s windfall tax.
BP UK boss says windfall tax won’t affect North Sea investment plans
BP’s UK head said the government’s energy profits levy was unlikely to affect its North Sea investment plans, following confirmation that the measures would cease in December 2025.
ADNOC makes first UK investment with 25% stake in BP H2Teesside hydrogen project
ADNOC, the UAE’s largest energy firm, has acquired a 25% stake in the BP H2Teesside project.
BP boss says UK windfall tax would challenge energy investment
A windfall tax could crimp investment in the UK’s energy system, said the chief executive of BP.
BP announces £18 billion investment for UK with North Sea at its heart
BP has announced plans to invest £18 billion in the UK energy system by 2030, with the North Sea at its heart, days after calls were once again raised for an oil and gas windfall tax.
BP reports underlying profits of £4.9bn despite impact of Rosneft exit
“Exceptional” oil and gas trading meant BP (LON:BP) raked in healthy profits in the first three months of 2022.
Big Oil’s big earners: CEO pay ranked
The CEO pay packets of Europe's oil supermajors continue to trail that of their American counterparts, as Energy Voice explores earnings amongst the sector’s top execs.
BP boss more than doubles pay packet to £4.5m
BP (LON:BP) chief executive Bernard Looney has secured a £4.5 million payday in the wake of the supermajor’s bumper 2021 profits.
Boris Johnson hosts oil and gas CEOs on ‘boosting supply’ from North Sea
Boris Johnson has hosted the leaders of the UK oil and gas industry at Downing Street to discuss how to achieve “greater energy independence” for Britain.
BP, Eni to combine Angolan assets in new joint venture
BP and Eni have reached an agreement to combine their Angolan businesses in a 50:50 joint venture.
BP, Total and Conoco talk shop with Libya’s NOC
BP, TotalEnergies and ConocoPhillips executives have held talks with Libya’s National Oil Corp. (NOC) on the sidelines of the CERAWeek conference, in Houston.
BP contributes £15m to support humanitarian efforts in Ukraine
BP (LON: BP) has made good on its pledge to support the relief efforts in Ukraine following the invasion by Russia.
Equinor follows BP in exiting ‘untenable’ Russia joint ventures
Norwegian oil giant Equinor has followed BP in announcing that it will start exiting its joint venture businesses in Russia.
BP boss summoned by UK business secretary over Rosneft ties
BP is under pressure from the Government to cut its ties with Russian oil giant Rosneft, which the British-based company holds a 20% stake in.
BP chief opposes windfall tax: ‘The UK needs more gas, not less, right now’
The chief executive of BP has argued a windfall tax on North Sea operators could hurt investment and production of gas in the region.
BP confirms new interim head of North Sea
A new North Sea boss will be taking up the reins on an interim basis at UK oil and gas giant BP (LON: BP) from next month.
BP fuels calls for windfall tax as oil giant posts £11 billion profits in 2021 results
Oil giant BP has pledged to spend double what it earns in the UK in the coming years - but huge profits in its 2021 results and pressure on consumers have strengthened calls for a North Sea windfall tax
BP drafts in renewables heavy hitter to head up new offshore wind division
BP has made a number of senior appointments as it works to deliver its target of 20 gigawatts (GW) of developed renewables by 2025.
Big Oil wins big in ScotWind – Shell, TotalEnergies and BP land acreage
ScotWind has proved a big boon to Big Oil, with fossil fuels giants BP, Shell and TotalEnergies all winning acreage.
BP launches renewable energy, hydrogen push in Oman
BP has signed a strategic framework agreement (SFA) with Oman, with the plan of delivering a “multiple gigawatt world-class” renewable energy and hydrogen plan by 2030.
Aker, BP sell £480m stake in joint venture
BP (LON: BP) and Aker (OSLO: AKER) have successfully offloaded a 5% stake in their Norwegian joint venture.
‘It would have been a distraction’ – BP CEO on why he’s not at COP26
BP chief executive Bernard Looney says it would have been a “distraction” if he’d attended the COP26 climate summit in person.
BP and Aker exploring potential sale of a stake in Aker BP
BP (LON: BP) and Aker (OSLO: AKER) are exploring a potential block sale of some of their stake in independent oil and gas producer Aker BP (OSLO: AKRBP).
BP ‘not struggling’ to attract graduates to work in oil, says CEO
BP has insisted that it is “not struggling” to convince graduates to enter the oil and gas industry.