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The Latest Breaking News from British Petroleum

Ørsted cancels two US offshore windfarm projects at £3.3bn cost

Danish company’s CEO cites escalating costs in global offshore wind industry as shares fall

The Guardian - UK

BP’s interim boss struggles to be heard. But his message is right

‘Nothing’s changed’ stance by Murray Auchincloss needs time despite sceptism of investors

The Guardian - UK

BP shares take a hit on profit miss even after fresh $1.5 billion payday for investors

The UK's fourth most valuable company makes the biggest fall on the FTSE 100

Evening Standard

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BP plays down takeover speculation after lower than expected profits

Oil company’s future in doubt amid US mergers after shock exit of its chief executive Bernard Looney

The Guardian - UK

1 Dividend Stock Set to Fuel Asia's Renewable Energy Transition

In Asia, another 300 million tons of new LNG export capacity will be needed by 2030 to meet demand — roughly a 75% jump from today’s levels. Here's the best stock to play this energy demand trend.

Barchart

BP Buys Tesla Fast Charging Hardware For Its U.S. BP Pulse Network

BP announced a major agreement with Tesla, which will result in $100 million order of Tesla’s ultra-fast chargers for its BP Pulse charging network in the U.S.

InsideEVs

3 Energy Gems for Your Portfolio - Buy Now

The bullish state of the energy market, strengthened by steadfast oil demand and supply concerns, offers a solid opportunity to drive remarkable portfolio returns. To that end, fundamentally strong energy stocks BP p.l.c. (BP), Repsol, S.A. (REPYY) and Ultrapar Participações S.A. (UGP) could be solid buys now. Read on….

StockNews.com

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Chevron boss says his company has changed the quality of life on Earth for the better

Mike Wirth, an industry veteran, even described Chevron as “grounded in integrity and a deep belief in doing the right thing” before brushing off Big Oil critics and making a “real-world” case for fossil fuels.

Fortune

California allowing dangerous oil wells

An idle well fee program is masking vast cleanup costs while harming residents and the climate

Salon

California Lets Companies Keep ‘Dangerous’ Oil Wells Unplugged Forever

An idle well fee program is masking vast cleanup costs while harming residents and the climate.

Capital & Main

3 Energy Stock Buys for Potential Returns

Robust demand for oil and gas amid supply concerns presents a promising outlook for the energy industry. Hence, fundamentally strong energy stocks BP (BP), Ultrapar Participações (UGP) and Transportadora de Gas del Sur (TGS) might be solid buys now. Continue reading.

StockNews.com

Fuel companies increase profit margins in cost-of-living crisis

Who you going to call? There's no ministerial price-buster in the transition between two governments

Newsroom.co.nz

How oil companies put the responsibility for climate change on consumers

The political response to the climate crisis remains largely inadequate in the face of heat waves, hurricanes, floods and forest fires that are accelerating and intensifying.

The Conversation

New Mexico’s Experiment With Recapturing Natural Gas Raises Questions

Meanwhile, banks help fossil fuel giants raise more than $1 trillion via “hidden” financial support.

Capital & Main

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Evening Standard

FTSE 100 Live: Index climbs, Oil giants and Metro Bank shares under pressure, Imperial Brands in £1bn buyback

Figures on US wage and employment growth will today keep the interest rate outlook in focus at the end of a volatile week for markets.

The Guardian - UK

UK universities take £40m in fossil fuel funding since 2022

FoI requests show Shell and BP among firms giving funds to institutions which have pledged to divest

WEKU

Biden calls for up to 3 offshore oil leases in Gulf of Mexico, upsetting both sides

The administration's proposal seeks to strike a balance between energy companies seeking greater oil and gas production and environmental activists who want Biden to shut down new offshore drilling.

The Independent UK

Biden calls for up to three oil and gas lease sales in the Gulf of Mexico, disappointing all sides

President Joe Biden's administration has proposed up to three oil and gas lease sales in the Gulf of Mexico over the next five years but none in Alaska

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The Guardian - UK

Tainted love: is it all over for the workplace romance?

Company values, employment law and fairness at work have changed the politics of office relationships

Evening Standard

OPINION - Dull corporate bores are trying to outlaw the office romance — how hopeless

The corporate world is another country. They do things differently there. Yet another big swinging dick has bitten the dust after the board discovered “historical” romantic liaisons he hadn’t reported to them.

The Guardian - UK

Crisis-hit CBI shelves plans for tie-up with manufacturing body Make UK

Confederation of British Industry tells members it is confident an alternative emergency cash rescue will be found

Fortune

Cboe’s CEO resigns: Yet another chief ousted for undisclosed relationships

Cboe announced Edward Tilly's resignation in a statement on Tuesday following an investigation that determined the CEO's lack of transparency 'stands in stark contrast to the company’s values'.

Fortune

BP names Kate Thomson as interim CFO. Now, 3 major oil and gas companies have women at the helm of finance

Thomson brings deep technical knowledge together with a detailed understanding of the company, says BP's interim CEO Murray Auchincloss.

The Conversation

EV sales growth points to oil demand peaking by 2030 − so why is the oil industry doubling down on production?

Electric vehicle sales are growing faster than expected around the world, and, sales of gas- and diesel-powered vehicles have been falling. Yet, the U.S. government still forecasts an increasing demand for oil, and the oil industry is doubling down on production plans.

WEKU

California's lawsuit says oil giants downplayed climate change. Here's what to know

California accuses oil companies of misleading the public on the dangers of fossil fuels for decades. The state demands they help fund recovery efforts after climate change-fueled disasters.

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