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The Latest Breaking News from British Petroleum

BP plans to sell shares in flagship carbon projects as it pulls back from green agenda

Oil firm seeks to reduce stake in carbon capture and storage projects in north-east of England after schemes fail to win over shareholders

The Guardian - UK

Shell profits rocket above £5bn for three months amid surging oil prices due to Iran war

The oil giant reported a 24% rise in underlying earnings to 6.92 billion US dollars (£5.09 billion)

The Independent UK

Shell profits soar amid surging oil prices because of Iran war

The oil giant reported a 24% rise in underlying earnings to 6.92 billion US dollars (£5.09 billion).

Evening Standard

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Stocks soar and oil sinks on fresh peace deal hope

The FTSE 100 closed up 219.55 points at 10,438.66.

Evening Standard

Can higher oil prices negate damage to Qatari gas plant for Shell?

Evening Standard

Swinney ‘very concerned’ by reports of BP considering leaving North Sea

Reports suggest the oil giant is considering its position in the North Sea.

Evening Standard

Can higher oil prices negate damage to Qatari gas plant for Shell?

The British oil and gas producer will publish its financial results for the first quarter of 2026 on Thursday.

The Independent UK

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Woman Goes To Pump Gas. Then She Catches The Fuel Station Doing Something Shady: ‘This Is Highly Illegal’

A Michigan woman claims that a BP gas station is charging customers for fuel that they didn't pump. It’d be galling in the best of times, but now, with gasoline prices at new highs, it hits different.

Motor1

Revealed: British ad firm’s billion-dollar greenwash of US oil industry

London-based WPP accused of breaching climate policy after report reveals firm linked to twice as much oil advertising as US rivals

The Guardian - UK

Markets Are Mixed Amid Fed Uncertainty: Stock Market Today

Earnings are still solid, crude oil is still rising, and Jerome Powell is still a member of the Federal Reserve Board until further notice.

Kiplinger

Middle East war boosts oil giants’ profits as 'households pay the price'

Oil giants have posted "exceptional" profits as war in the Middle East drives up crude prices, fuels global supply fears and creates trading opportunities – handing some of the world’s biggest energy companies a financial boon while consumers face rising costs.

Radio France Internationale

Activists call out 'horrifying' soaring oil and gas profits as energy companies cash in on the Iran war

As drivers sour on rising fuel prices, energy firms are making a killing.

Fortune

Rachel Reeves says BP’s huge profits ‘exactly why’ Government extended windfall tax

IN FULL

The Independent UK

How the Iran war boosted profits at BP and Barclays

Barclays' profits rose, but loan losses weighed on its first-quarter results. At the same time, oil giant BP’s earnings jumped, largely driven by an exceptional oil trading boom linked to the Iran war.

Euronews

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Evening Standard

Protesters halt NatWest shareholder meeting as boss defends climate policy

The annual general meeting was being held on Tuesday morning but had to be stopped for about half an hour amid disruption.

The Independent UK

BP slammed as profits more than double during Iran war

IN FULL

The Independent UK

Iran war briefing: Trump meets with national security over Tehran peace plan

Donald Trump discussed Iran's proposal to reopen the Strait of Hormuz and end the Middle East conflict with his national security team on Monday, but a US official told Reuters that the President “doesn’t love the proposal” as he wants a peace plan to address Iran’s nuclear programme. The conflict…

Evening Standard

BP slammed over ‘astronomical’ profits amid oil price spike caused by Iran war

The oil giant saw profits surge by over 130% to a better-than-expected 3.2 billion US dollars (£2.4 billion) in the first quarter.

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The Guardian - UK

BP profits more than double as oil prices soar in Iran war

First-quarter profits of $3.2bn prompt outrage from campaigners, who say figures come at expense of consumers

The Independent UK

BP profits more than double as oil trading booms on soaring crude prices amid Iran war

The FTSE 100 firm’s preferred profit measure soared to a better-than-expected $3.2bn in the first quarter

The Guardian - UK

UAE quits Opec in ‘pivotal moment’ for oil producing group – as it happened

It’s UAExit as the United Arab Emirates will leave Opec on 1 May, in a blow to the group of oil producers

Kiplinger

Nasdaq Notches Another New All-Time High: Stock Market Today

Two of the three main U.S. equity indexes hit new all-time highs at the start of a big week for earnings and interest rates.

Fortune

Shell reverses course in Canada and buys ARC Resources for $14 billion, doubling down on oil and gas

The Montney is emerging as a hot oil and gas play as U.S. shale basins mature.

Evening Standard

Blue chips close lower amid US-Iran stalemate

For the week, the FTSE 100 fell 2.7%, the FTSE 250 also declined 2.7% and the AIM All-Share dipped 1.7%.

Evening Standard

What impact will soaring oil prices have on BP’s earnings?

The FTSE 100 firm said earlier this month it was heading for an ‘exceptional’ oil trading result in the first three months of the year.

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