BP profits hit $5bn in first quarter with more cash for share buybacks
BP (LON: BP) has reported first quarter 2023 profits of $5bn, as more cash is pushed towards shareholder returns.
Bernard Looney
Calls for windfall tax on CEO pay after BP boss Looney pocketed £10m in 2022
Campaigners are calling for a windfall tax on the pay of chief executive after two oil bosses pocketed almost £20 million in 2022.
BP CEO says more oil and gas investment is good for the climate fight
As the sound of climate protesters reverberated through the conference room, BP (LON: BP) Chief Executive Officer Bernard Looney made the case that investment in more oil and gas is crucial for the transition away from those very fuels.
Demonised? BP employee pride is higher than ever
Weeks after a former BP CEO said the sector was being “demonised”, employee pride at the oil giant is, in fact, higher than ever, according to its current boss.
BP hits record profits and rolls back on speed of oil and gas withdrawal
BP (LON: BP) hit record profits in its 2022 results at a whopping $27.7bn, and announced it is slowing down the pace of its withdrawal from oil and gas.
BP tipped to reach next Senegal FID this year
BP and Kosmos Energy will present a plan of development for the Yakaar-Teranga this year and reach a final investment decision, a Senegalese official has said.
BP told it must offload Rosneft stake or ‘risk complicity with Russia’s war crimes’
A senior figure in the Ukrainian Government has urged BP (LON: BP) to severe its relationship with Rosneft (MM: ROSN), or “risk complicity with Russia’s war crimes”.
BP strikes green hydrogen deal with Mauritania
BP has signed a memorandum of understanding (MoU) to explore green hydrogen opportunities in Mauritania, where the company is also working on major LNG export plans.
BP CEO sets out mission of “pay taxes and invest”
The energy industry’s job is to “pay our taxes” and invest, BP (LON: BP) CEO Bernard Looney told attendees at the Adipec conference today.
BP to triple wind-farm workforce as part of renewables push
BP plans to triple its number of offshore wind-farm workers as it expands the business to reach its green goals.
BP boss Looney praises outgoing Shell CEO for helping to ‘shape the future’ of energy
Energy bosses have been paying tribute to “class act” Ben van Beurden after news broke that he would be stepping down as chief executive of Shell (LON: SHEL).
Energy industry pays tribute to Queen Elizabeth II
Figures from the energy industry have added their voice to mourners around the world following the death of the Queen.
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".
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.