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The Latest Breaking News from British Petroleum

World’s largest oil companies have made $281bn profit since invasion of Ukraine

Global Witness says the five ‘super-majors’ are the ‘main winners of the war’ while many struggle to heat their homes

The Guardian - UK

First electric vehicle announced for Bathurst 500 race

A powerful electric Porsche has been tapped to take part in this year's Supercars season, including the Bathurst 500, as the safety vehicle.

AAP

From Tourism To Energy, Senegal Economy Braces For Fallout

Senegal's hotels have seen a wave of cancellations since political unrest hit the West African country and many foreign companies are nervous about the deadly troubles.

International Business Times

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Tory MP failed to declare wife’s BP shares during oil and gas debates, standards commissioner finds

Watchdog finds three debates in which £50,000 shares ‘might reasonably’ have been thought to influence David Duguid’s actions

The Guardian - UK

Arm becomes Britain's sixth most valuable company after shares rise 50%

FTSE stalwarts BP, GSK and Diageo have been left in the dust by the UK’s biggest Nasdaq-listed firm

Evening Standard

Should You Invest in These 3 Oil & Gas Stocks Before They Surge?

With forecasts pointing to strong global demand for oil and natural gas this year, the energy sector is positioned for prosperity. Given this outlook, should investors own the shares of three oil and gas companies, BP p.l.c. (BP), Western Midstream Partners (WES), and Global Partners LP (GLP)? Read more to…

StockNews.com

Use Points At BP and Amoco To Help Pay for Gas. Here's How

uChoose rewards members can use points at BP and Amoco directly at the pump to save up to 50 cents/gal.

Kiplinger

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BP’s new boss should be clearer on green strategy – fudging pleases no one

Shareholders on all sides want to know where the oil giant stands on renewables, yet Murray Auchincloss opts for ambiguity

The Guardian - UK

BP Bags Bumper 2023 Profits, Rewards Investors

British energy giant BP logged multi-billion-dollar annual profits Tuesday despite lower oil prices and following boardroom turmoil, sending its share price rallying thanks also to more big payouts to investors.

International Business Times

BP Reports Billion Profit in 2023 Despite Falling Energy Prices

BP reports earnings of billion in Q4 2023, surpassing expectations. Amid falling energy prices, the company remains confident in its strategy for growth...

Top News

FTSE 100 Live 6 February: Index closes up 0.9% with BP topping risers

Barratt Developments is poised to buy Redrow after the housebuilders unveiled a surprise deal this morning.

Evening Standard

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The Guardian - UK

Bank of England’s Dhingra warns of ‘downside risks’ for UK economy; Adam Neumann ‘seeking to buy WeWork out of bankruptcy’ – as it happened

Rolling coverage of the latest economic and financial news, as BoE dove pushes for early cuts to UK interest rates to support economy

Newcastle Herald

Man jailed over Valentine service station hold-up

Nathan McBride held-up the Valentine BP service station in 2022.

The Guardian - UK

Minister consulted BP over incentives to maximise oil production, FoI reveals

Exclusive: Meeting took place days after BP reported record profits while households were squeezed by high energy bills

The Guardian - UK

BP’s green agenda all at sea as sinking profits forecast renews fossil fuel call

With gloomy financial results predicted, the company must weigh its net zero targets against demands for more oil and gas production

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The Guardian - UK

BP under pressure from hedge fund to ditch clean energy strategy

Bluebell Capital Partners says strategy has depressed share price and is ‘unrealistic’ about decline in oil and gas demand

The Guardian - UK

Are UK employers going too far with strict rules on workplace relationships?

After Bernard Looney at BP and Phillip Schofield at ITV, tendency to ‘overcompensate’ could create other serious problems, say HR experts

Newcastle Herald

Hometown disaster, faith, spurs fight to make fossil fuel companies accountable

Opinion: Negligent fossil fuel companies take the money and run

InsideEVs

Tesla Expanded Its Supercharging Network To Roughly 6,000 Stations

During the fourth quarter of 2023, Tesla continued to expand its Supercharging network around the world at a near-record rate.

The Guardian - UK

Give BP’s ‘continuity candidate’ time to succeed or fail on net-zero strategy

There is method in the oil conglomerate’s decision that the best candidate for CEO is the one already doing the job

International Business Times

BP Picks New CEO Following Looney Sacking

British oil giant BP on Wednesday named veteran employee Murray Auchincloss as chief executive officer following a period as interim boss in the wake of Bernard Looney's sacking.

Evening Standard

BP names Murray Auchincloss as permanent CEO after shock departure of disgraced Bernard Looney

The move adds to a long tradition at the firm of appointing insiders to the CEO role rather than looking elsewhere – an approach that has had mixed results in the past

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