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The Latest Breaking News from British Petroleum

FTSE 100 suffers biggest daily decline since start of pandemic

The index plummeted by 419.75 points, or 4.95%, to close at 8,054.98.

Evening Standard

BP chairman to step down after oil giant retreats from green energy

BP kick-started a search for a new chair after Helge Lund told the board he intends to leave the role ‘in due course’.

The Independent UK

BP Chairman To Step Down After Energy Strategy Reset

BP in February launched a major pivot back to its more profitable oil and gas business, shelving its once industry-leading targets on reducing carbon emissions and slashing clean energy investment.

International Business Times

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BP chair to resign amid pressure from shareholders over green agenda

Helge Lund likely to leave post in 2026, with investor opposition having derailed net zero plans

The Guardian - UK

Rebel Energy goes bust leaving 90,000 customers without supplier

UK energy firm ceases trading, blaming ‘perfect storm’ of soaring wholesale prices and squeezed customers

The Guardian - UK

BP Plc Is Attracting Value Buyers with its 5.69% Dividend Yield and 10x P/E

BP Plc, the oil and gas company, has an attractive 5.69% dividend yield and a low 10x price/earnings multiple. That is attracting value buyers, including short-sellers of out-of-the-money put options.

Barchart

“The six-string bass guitar was a dream – if Leo Fender could come back today I think he would approve”: 10 6-string bassists you need to know

From John Myung to Felix Pastorius to Thundercat, we follow their historic quest for the ultimate extended-range axe

Guitar World

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It’s AGM time, season of free sandwiches and protest fireworks

Corporate backsliding on climate and diversity policies mean this year’s annual meetings may be tough for some of the UK’s biggest companies

The Guardian - UK

US energy industry’s climate retreat is putting profits over people, advocates say

Oil giants retreat on climate pledges, embrace Trump-era fossil fuel policies at CERAWeek in Texas

The Guardian - US

Oil Companies Greet Trump Return, Muted On Tariffs

Oil executives said Tuesday they are bullish on US petroleum investments in the emerging Trump era as some giants back away from renewable energy and beef up fossil fuel developments.

International Business Times

The worst man-made environmental disasters: from Exxon Valdez to Fukushima and beyond

The fallout from the North Sea oil tanker collision on March 10 may have you reflecting on other significant man-made environmental disasters

Evening Standard

BP cuts boss’s pay by 30% after company misses profit targets

Murray Auchincloss paid £5.4m in 2024 as oil company ditched green investment strategy

The Guardian - UK

BP chief takes more than £2.3m pay cut after slump in profit

Murray Auchincloss’s pay fell by one-third last year, ahead of BP making a drastic pullback from its green energy targets.

Evening Standard

Ex-BP boss Bernard Looney takes chairman job at climate AI firm

His appointment comes after BP drastically reduced its spending on renewables last week, rolling back plans made during Mr Looney’s tenure.

Evening Standard

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The Guardian - UK

BP dropping its green ambitions is a travesty. But that’s exactly how capitalism works

The failure to deal with the climate emergency is not a problem of greedy individual companies, but a system rigged against positive change, says Brett Christophers, a professor of economic geography

The Guardian - UK

Hot cross buns are an Easter treat, not a year-round staple

Brief letters: Half-baked idea | Broken promises | Biblical pianist | Positive school reports | Donald Trump

The Independent UK

Museums defend BP sponsorship despite backlash against cuts to climate change funding

The British Museum’s relationship with BP was decried as ‘untenable’ and ‘indefensible’

MarketBeat

3 Stocks With Unusual Call Option Volume – What It Signals

Recently, new call option buying activity has floated into three stocks, signaling to investors that traders are highly convinced of higher prices ahead.

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news in one place.

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The Guardian - UK

Museums defend BP sponsorship after firm abandons climate targets

British Museum and Science Museum said BP’s decision to grow fossil fuel investment would not alter relationship

The Guardian - UK

Dirtier BP is still miles away from resetting its share price

Fossil fuel giant’s strategic U-turn may be far-reaching but even after ditching climate goals the shares fell

The Guardian - UK

Why has BP pulled the plug on its green ambitions?

Oil firm abandons plan to become net zero energy company as its CEO claims strategy went ‘too far, too fast’

Evening Standard

Global stocks rise as investors await Nvidia earnings after DeepSeek knock

The UK’s FTSE 100 moved 62.79 points higher, or 0.72%, to close at 8,731.46.

Evening Standard

BP slashes green energy spending and turns back towards fossil fuels

The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.

Fortune

How BP went from eco poster child to possible takeover target

“In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its strategy.

The Independent UK

Transition to renewables taking longer than thought, senior BP figure tells MPs

Louise Kingham said ‘clarity’ from the UK Government is needed to unlock investment in the North Sea as she reaffirmed BP’s commitment to net zero.

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