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The Latest Breaking News from British Petroleum

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

BP earnings and China stimulus boost European stocks

European stocks rise as BP announces strong earnings and China unveils new stimulus measures. Positive momentum in the market at opening bell.

Top News

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BP CEO calls for pragmatism on green aims as profits halve

Murray Auchincloss says BP’s ‘aim’ to reduce oil and gas emissions by 20-30% was not confirmed as a ‘target’

The Guardian - UK

BP surpasses Q4 profit expectations, boosts share repurchases

BP reports better-than-expected Q4 profits, exceeding forecasts and announces plans to increase share buybacks. Find out more about the company's financial...

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

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

The Guardian - UK

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Man jailed over Valentine service station hold-up

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

Newcastle Herald

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

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

The Guardian - UK

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

Opinion: Negligent fossil fuel companies take the money and run

Newcastle Herald

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.

InsideEVs

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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

The Guardian - UK

BP names interim boss Murray Auchincloss as permanent chief executive

Former finance chief to replace Bernard Looney, who departed unexpectedly last year

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Guitar World

“Some bass parts are functional and some are creative: you don’t need to play Rachmaninoff when the band wants Al Green”: The man behind Elvis Costello’s finest albums recalls his life as a main Attraction

Bruce Thomas, once of Elvis Costello’s backing band, the Attractions, recounts his career

Guitar World

“You’re always trying to get rid of buzzes when recording, so I came up with the idea of trying to make them groove instead”: How Victor Wooten created a groove without touching his bass guitar

Victor Wooten gives a track-by-track tour of his second solo album, What Did He Say?

Top News

Biden's offshore wind project canceled due to inflation and opposition

Join Craig Rucker of the Committee for a Constructive Tomorrow as he reacts to the cancellation of a major wind project, dealing a blow to Biden's green ag...

International Business Times

BP And Equinor Scrap Plans For Empire Wind II Project In New York

A 1.3 GW offshore wind project has been cancelled by its developers, dealing a blow to Biden's wind energy targets.

Fortune

Shipping giant Maersk's stock buoyed by halt of Red Sea journeys following Houthi rebel attacks

Global shipping leaders and oil giant BP have decided to hit pause on Red Sea transit until it becomes safer—but costs could increase as a result.

The Independent UK

The destinations we’re most excited about visiting in 2024

From cities flexing their cultural muscles to rugged regions begging to be explored on foot, these are the places The Independent’s travel team can’t wait to uncover this year

International Business Times UK

UK University Students Initiate 'Career Boycott' in Protest Against Barclay's Climate Policies

More than 220 students from Barclays' top recruitment universities won't work for Barclays unless they terminate all financing for oil and gas companies.

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