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".
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’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, the UAE’s largest energy firm, has acquired a 25% stake in the BP H2Teesside project.
A windfall tax could crimp investment in the UK’s energy system, said the chief executive of BP.
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.
“Exceptional” oil and gas trading meant BP (LON:BP) raked in healthy profits in the first three months of 2022.
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 (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 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 and Eni have reached an agreement to combine their Angolan businesses in a 50:50 joint venture.
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 (LON: BP) has made good on its pledge to support the relief efforts in Ukraine following the invasion by Russia.
Norwegian oil giant Equinor has followed BP in announcing that it will start exiting its joint venture businesses in Russia.
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.
The chief executive of BP has argued a windfall tax on North Sea operators could hurt investment and production of gas in the region.
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.
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 has made a number of senior appointments as it works to deliver its target of 20 gigawatts (GW) of developed renewables by 2025.
ScotWind has proved a big boon to Big Oil, with fossil fuels giants BP, Shell and TotalEnergies all winning acreage.
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.
BP chief executive Bernard Looney says it would have been a “distraction” if he’d attended the COP26 climate summit in person.
BP has insisted that it is “not struggling” to convince graduates to enter the oil and gas industry.