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The Latest Breaking News from British Petroleum

Oil Giant BP Reports Tumbling Profits In First Half

BP on Tuesday announced tumbling profits for the first half, with the British oil and gas giant hit by depreciation of assets and falling revenue.

International Business Times

BP to hand investors $7bn this year as it expands oil operations

Oil and gas company to increase dividend and buy-backs as quarterly profit beats forecasts

The Guardian - UK

Germany on brink of recession; eurozone beats forecasts with 0.3% growth; US job openings fall – as it happened

Rolling coverage of the latest economic and financial news, including growth figures from across the eurozone

The Guardian - UK

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Tesla Supercharger Deployment Down 30% In Q2 2024

During the second quarter of 2024, the expansion of the Tesla Supercharging network significantly slowed down.

InsideEVs

New British Museum boss opens door to Parthenon marbles return with ‘lending library’ model

‘I would hope that some form of partnership is possible,’ Nicholas Cullinan said

The Independent UK

Science Museum ends sponsorship deal with oil giant Equinor following pressure from climate change protesters

The Science Museum has encouraged Equinor to put in place targets which align with the Paris Climate Agreement

Evening Standard

My work affair destroyed the lives of four other people

Office romances may be tempting, but they can also go horribly wrong, leaving careers and families in turmoil, as Lucy Holden discovered

Evening Standard

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Audi and BP team up for Formula 1 from 2026

The London oil major will help the German carmaker meet new greener fuel rules

Evening Standard

Audi joins forces with BP for F1 2026 project

Audi has secured a technical partnership with oil and energy giant BP for its upcoming Formula 1 project, which will supply the 100% sustainable fuel set out in the 2026 regulations.

Autosport

London’s Science Museum forced to cut ties with oil giant – and faces pressure over other sponsors

Campaigners welcome ‘seismic shift’ and urge museum bosses to review links with other fossil fuel sponsors

The Guardian - UK

First Thing: Biden defiant despite gaffes as he battles calls to stand aside

US president introduced Volodymyr Zelenskiy as ‘President Putin’ at a Nato summit, but later showed command of thorny foreign policy issues. Plus, the subversive screen presence of Shelley Duvall

The Guardian - UK

BP-owned company is selling carbon credits on trees that aren’t in danger, analysis finds

Satellite analysis looked at credits sold by Finite Carbon, which runs some of North America’s largest offset projects

The Guardian - US

BP predicts global oil demand will peak in 2025, bringing to end rising emissions

Report says peak will bring to end to rising emissions as wind and solar capacity surges, but gas forecasts likely to cause concern

The Guardian - UK

Modern Day Witch Hunt? Business Goes Bust After Being Accused Of Witchcraft

The owner of the Crystal Coven Mystic Cottage has been accused of promoting witchcraft as a religion and giving its town a bad reputation.

International Business Times UK

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The Guardian - UK

BP to take hit of nearly $3bn amid oil refining woes

Shares fall as energy company expects huge writedown on German plant

The Guardian - UK

Shell to take hit of up to $2bn on Rotterdam and Singapore sites

Oil firm’s warning comes after it had to halt work on Europe’s largest biofuel project and sell refinery in Asia

Barchart

3 Mid-Cap Energy Dividend Stocks to Scoop Up Now

Amid predictions of higher oil prices, here are three dividend-paying energy stocks that are worth adding to your portfolio.

Top News

Oil Companies Shell And BP Evacuate Staff Ahead Of Hurricane

Shell and BP evacuate non-essential staff along the Gulf of Mexico in preparation for Hurricane Beryl, pausing some drilling operations.

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Evening Standard

Over 200 ad campaigns from oil and gas firms shown on TfL network since Sadiq Khan set out 'zero carbon' goal

The data comes as the UN Secretary-General urges world leaders to ban adverts from fossil fuel companies

The Guardian - UK

BP has scaled back its green energy plans – don’t be surprised if it happens again

The oil major’s net zero plans have made it a sector leader but have yet to win over investors while fossil fuels are booming

The Guardian - UK

BP imposes hiring freeze and halts new offshore wind projects

New boss Murray Auchincloss reverses move away from fossil fuels, which had weighed on company’s share price

The Guardian - US

Stanford disappoints critics of fossil fuel donations by hiring PR firm with big oil ties

University hires Brunswick Group amid anger from campus organizers at its sustainability school’s funding

The Conversation

Global demand for oil could peak soon – NZ’s plan to revive offshore exploration doesn’t add up

This week’s announcement of the government’s plans to reopen New Zealand’s territorial waters to oil drilling comes as no surprise. All three coalition parties campaigned on reversing the 2018 ban on offshore oil exploration.

Fortune

BP managers told to disclose office romances from the last 3 years or face the sack

BP updated is rules months after sacking its CEO Bernard Looney for "not being fully transparent" about past relationships.

The Guardian - UK

BP staff risk sack if they fail to disclose intimate relationships with colleagues

New policy follows sacking of ex-CEO Bernard Looney with top managers given three months to report all relationships in past three years

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