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The Latest Breaking News from British Petroleum

National Portrait Gallery criticised over choice of sponsor to replace BP

New portrait prize sponsor, the law firm Herbert Smith Freehills, has represented the oil company

The Guardian - UK

BP and Spotify bought carbon credits at risk of link to forced Uyghur labour in China

Credits sourced from carbon project that was centred on biomass power plant in Xinjiang, investigation finds

The Guardian - UK

Greens say CSIRO’s independence must be protected after alleged collaboration with BP

Exclusive: Australian scientific agency rejects ‘ghostwriting’ claims made by US law firm representing victims of Deepwater Horizon oil spill

The Guardian - AU

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Why share buybacks are the cowardly option for FTSE-100 bosses

Share buybacks by major companies around the world have almost trebled from $463 billion to $1.3 trillion since 2012

Evening Standard

3 No-Brainer Oil & Gas Stocks to Buy in November

Tight supplies due to production cuts and the expected rise in oil and gas demand drive oil and gas prices, benefiting oil and gas companies. Given this backdrop, it could be wise to buy fundamentally strong oil and gas stocks BP p.l.c (BP), Eni (E), and Koninklijke Vopak (VOPKY). Read…

StockNews.com

BP projects have helped fund Azerbaijan military aggression, say campaigners

Exclusive: Global Witness claims UK firm has indirectly helped fund aggression against ethnic Armenians in Nagorno-Karabakh

The Guardian - UK

There are 74 women in the CFO role at companies on the inaugural Fortune 500 Europe list

Together, the 500 companies brought in revenue of $13.94 trillion in their most recent fiscal year.

Fortune

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McKinsey & Company pushes fossil fuel interests as advisor to UN climate talks, whistleblowers say

The world's top management consultancy McKinsey & Company is using its position as a key advisor to the UN's COP28 climate talks to push the interests of its big oil and gas clients, undermining efforts to end the use of the fossil fuels driving global warming, according to multiple sources…

France 24

Report pokes holes in fuel company plans for net zero

An analysis of net-zero plans released by petrol companies have questioned their green claims, including their reliance on 'dirty' hydrogen and carbon offsets.

AAP

Petrol giant powers more than 100 electric car chargers

Electric vehicle chargers are becoming a more common sight at petrol stations as BP passes its 100-charging point milestone.

AAP

For 21-Year-Old Evan Carter, the Rangers’ Playoff Pressure Is the Least of His Big-League Worries

The outfielder has excelled since being called up from the minors before Texas’s postseason run. But getting used to MLB life off the field might take some time.

Sports Illustrated

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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The Guardian - UK

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

Barchart

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.

InsideEVs

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.

StockNews.com

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….

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Fortune

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.

Salon

California allowing dangerous oil wells

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

Capital & Main

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.

StockNews.com

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.

Newsroom.co.nz

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

The Conversation

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.

Capital & Main

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.

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