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The Latest Breaking News from British Petroleum

A new natural gas project off Senegal makes fishing communities feel threatened

Fishermen say a new natural gas project off the coast of Senegal has killed their livelihoods

The Independent UK

UK stock markets rise with trading steady while US tariffs ‘in limbo’

London’s FTSE 100 rose 55.93 points, or 0.64%, to close at 8,772.38.

Evening Standard

Wrongful death lawsuit says Big Oil contributed to heat wave and woman's death

A Washington state woman is suing seven oil and gas companies, saying they contributed to an extraordinarily hot day that led to her mother’s fatal hyperthermia in one of the nation’s first wrongful-death claims seeking to hold the fossil fuel industry accountable for its role in the changing climate

The Independent UK

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US woman brings first-ever wrongful death lawsuit against big oil

Misti Leon argues fossil fuel companies’ climate negligence caused her mother’s death during a heatwave

The Guardian - US

Starmer government ‘trying to fix wings of a plane while already in flight’, veteran political adviser says

The cross-bench peer and former boss of BP fears the prime minister does not have a proper plan

The Independent UK

Oil industry funded Girl Scouts and British Museum to boost image, evidence suggests

BP has funded Washington’s National Gallery of Art, UK’s Royal Shakespeare Company and National Portrait Gallery

The Guardian - US

Revealed: European ‘green’ investments hold billions in fossil fuel majors

Exclusive: Funds with names such as ‘Sustainable Global Stars’ have stakes in some of the world’s biggest polluters

The Guardian - UK

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MarketBeat Week in Review – 05/12 - 05/16

Stocks had a strong week on a potential U.S.-China trade deal and cooler inflation data, but volatility may remain as investors shift focus to tax cuts

MarketBeat

Foreign states should not be co-owners of UK newspapers

The definition of an acceptable state stake should be zero if one is serious about protecting press freedom

The Guardian - UK

Should You Buy This High-Yield Dividend Stock Amid Major Takeover Rumors?

BP’s stock price surged amid takeover rumors from major oil companies, sparking interest among investors seeking a potential buying opportunity.

Barchart

BP's chief U.S. economist worries China is winning the global energy war. Here's why

Renewable energy should double worldwide by 2050 while global oil demand is likely to peak in a decade, energy economists said.

Fortune

BP Buyout Buzz Puts Spotlight on Transocean’s Comeback Potential

There is a new potential bidding war for BP going on, as the broader oil industry seems to be headed to a cyclically low valuation.

MarketBeat

Climate protesters target BP lobbying reception at Holyrood

Extinction Rebellion Scotland protesters have targeted a lobbying reception at Holyrood organised by oil giant BP

The National (Scotland)

Shell doesn’t need to bid for BP

The opportunity to build a European mega-cap firm is tempting, but it’s hard to beat the appeal of share buy-backs

The Guardian - UK

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Evening Standard

FTSE edges higher amid UK-India trade deal to continue winning streak

The FTSE 100 finished up by 0.01%, or 1.07 points, to close at 8,597.42.

Evening Standard

BP shares rise amid reports Shell considering takeover offer

The oil major saw its shares lift on Tuesday, following reports its biggest rival is weighing whether to launch a takeover bid.

The Guardian - UK

Shell reportedly weighing up merits of making move to buy BP

Such a takeover would be one of biggest deals ever in oil and gas industry

The Guardian - AU

Cost of emissions from five major Australian resource companies more than $900bn, study finds

US researchers link BHP, Rio Tinto, Santos, Whitehaven Coal and Woodside Energy to specific climate harms over three decades

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Fortune

Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices

Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud with each other.

International Business Times

Shell Net Profit Sinks 35% In First-quarter As Oil Prices Fall

British energy giant Shell on Friday reported a sharp drop in first-quarter net profit as it was hit by weaker oil prices but pushed ahead with shareholder returns.

Fortune

Australia's Woodside jumps to front of US LNG race with ‘single biggest investment’

Woodside now homes in on new financial partners for its $175 billion project.

Evening Standard

UK stocks buoyed as ‘optimism’ enters markets amid raft of company earnings

The FTSE 100 rose 46.12 points, or 0.55%, to close at 8,463.46.

The National (Scotland)

BP profits tumble after 'planet-wrecking' shift back to oil and gas

BP profits have tumbled in the first quarter of this financial year – as climate campaigners blasted the firm’s move away from green investments…

Euronews

BP sees major downturn as gas trading and refining divisions lag

BP's CEO has reassured investors that BP will be watching market volatility and will be focusing on strengthening its balance sheet to improve shareholder value in the long-run.

International Business Times

BP Profit Drops 70% Amid Pivot Back To Oil And Gas

Britain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business.

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