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The Latest Breaking News from British Petroleum

BP plans cost cutting alongside multi-billion payday for investors as profits miss forecasts

New CEO at FTSE 100 oil multinational points to $2 billion in ‘cash cost savings’

Evening Standard

FTSE 100 Live 7 May: Index at yet another record, BP profits down

The momentum for London’s FTSE 100 index is continuing in a session that has also featured BP quarterly results.

Evening Standard

BP to cut $2bn in costs as profits miss forecasts

Oil company to maintain pace of share buybacks despite impact of falling gas prices

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

LockBit ransomware group’s leader unmasked and hit with sanctions; UK house prices inch higher– business live

Leader of major cybercrime group has been unmasked and sanctioned by the UK, US and Australia, authorities say

The Guardian - UK

Elon Musk’s Supercharger Chaos Could Slow The EV Transition. But It Doesn’t Have To.

Tesla is pumping the brakes on EV charging. That creates opportunities for competitors, industry analysts told InsideEVs.

InsideEVs

Tributes paid to woman found dead in Surrey hotel as man charged with murder

Samantha Mickleburgh, 54, was ‘loved by many’ and an ‘incredible mother’, her family said

The Guardian - UK

Iraqi father launches legal action against BP over son's death from leukaemia

Hussein Julood alleges his son Ali died after being exposed to pollutants from an oil field near their home in Iraq

Evening Standard

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Tesla Layoff Scandal: Workers Unaware Until Badge Scans Deny Them Entry

Tesla lays off 10 per cent of its workforce, some unaware until denied entry by security badge scans at factories.

International Business Times UK

BP's EV Charging Arm Scales Back, Cuts Jobs Amid Challenges

BP's EV charging arm restructures to enhance efficiency and focus on sustainable growth strategies.

Top News

Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’

Billionaire says ‘there is nothing I hate more’ than cutting staff as more than 10% of workforce to be affected

The Guardian - UK

Abu Dhabi state oil company reportedly looked at buying BP

Adnoc decided move was not right fit but it is latest sign of foreign buyers circling UK firms

The Guardian - UK

2 Energy Dividend Stocks to Buy as Analysts Raise Oil Price Forecasts

With analysts raising oil price forecasts amid high demand and tightened supply, here are two dividend-paying European energy stocks for investors to consider.

Barchart

Is Shell trying to kill the London stock market?

The biggest company on the market is threatening to leave. That is a different order of seriousness than seeing Flutter and CRH flee

The Guardian - UK

Big Oil vs. Big Tech: Here's the Winning Trade Right Now

Big Oil is beating Big Tech in 2024. The Energy Select Sector SPDR Fund (XLE) was up more than 13% in the first quarter of 2024, while the Nasdaq-100 Index gained just 8.7%. Add to that breakout performance the massive amounts of payouts that the large oil companies are making…

Barchart

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Evening Standard

FTSE 100 Live 9 April: Blue-chips close a little lower as aerospace struggles, £150m private equity takeover

The FTSE 100 is trading slightly higher in a session featuring trading updates by BP and Imperial Brands.

StockNews.com

3 Oil Stocks to Watch for Returns in April

The oil industry’s prospects appear bright, owing to increasing oil demand, geopolitical tensions, and supply-cut expectations driving oil prices up. Against this backdrop, quality oil stocks BP p.l.c. (BP), Petróleo Brasileiro S.A. - Petrobras (PBR), and Cheniere Energy Partners, L.P. (CQP) could be watched for returns in April. Read on….

The Guardian - UK

Just 57 companies linked to 80% of greenhouse gas emissions since 2016

Analysis reveals many big producers increased output of fossil fuels and related emissions in seven years after Paris climate deal

Barchart

Warren Buffett Is Buying This Dividend Aristocrat, Should You?

While Berkshire Hathaway was a net seller of stocks in Q4, chair Warren Buffett added more shares of energy giant Chevron. With a forward dividend yield of more than 4%, CVX looks like a dividend aristocrat worth buying in 2024.

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news in one place.

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The Guardian - UK

Nicholas Cullinan: energetic leader tasked with British Museum overhaul

After overseeing a transformation of the National Portrait Gallery he will need to draw on that experience in his new role

Homes & Gardens

Travis Barker 'blurs the lines between music, fashion, design and creativity' with an innovative interiors collaboration

The Blink-182 drummer created a home accessories collection, bringing his rocker sensibilities into the world of design

Evening Standard

British Museum shuts early after protest by pro-Palestine climate activists

Around 200 protesters took part in the demonstration, said Energy Embargo for Palestine

The Guardian - UK

British Museum closes to visitors as Energy Embargo for Palestine group gathers outside

New protest group is critical of London museum’s sponsorship by BP and seeks to make link with Gaza

Top News

BP Stock Expected To Rise In Long Term

BP plc's growth and strategic shift towards renewable energy amidst market challenges and investment in sustainable solutions.

International Business Times

No Oil And Gas Majors Aligned With Climate Targets: Report

All major oil and gas companies plan fossil fuel expansion incompatible with limiting warming to 1.5 degrees Celsius, a new report said Wednesday.

The Guardian - UK

Emissions connected to top oil and gas firms may cause millions of heat deaths by 2100, study finds

Global witness analysis suggests 11.5 million deaths could be caused by burning of fuel produced by 2050

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