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The Latest Breaking News from British Petroleum

Alan Sugar confesses whole idea behind The Apprentice didn't work before huge change

Tycoon Lord Alan Sugar says the original format of The Apprentice was that the winner would work for him on a six-figure sum - but this made staff in one of his companies unhappy as they earned less

Daily Mirror

'This winter will be a heck of a shock': The people struggling to survive the cost of living crisis

And it's only set to get harder. Some analysts are predicting average household energy bills of £3,300 in October and persistent high prices throughout next year

Wales Online

Who benefits from renewable energy subsidies? In Texas, it's often fossil fuel companies that are fighting clean energy elsewhere

Texas is known for fiercely promoting its oil and gas industries, but it’s also the No. 2 renewable energy producer in the country after California. In fact, more than a quarter of all the wind power produced in the United States in 2021 was generated in Texas.

The Conversation

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British Gas, Shell, EDF, Scottish Power and more issue latest update on energy crisis

The energy giants have spoken out on what they are doing to ease the concerns of customers who can't pay their bills

Manchester Evening News

Energy companies are bleeding British families dry. Here’s how to fix it

Taking back governmental control would be a long-term solution to a broken system, says Guardian columnist Owen Jones

The Guardian - UK

BP Stock Shows Market Leadership With Jump To 83 RS Rating

BP stock shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 77 to 83.

Investors Business Daily

Today's rugby news as shock eligibility row erupts and major Welsh rugby loss lands new role

The latest rugby headlines and news bulletins from Wales and the rest of the world

Wales Online

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BP Whale Trades For August 03

Someone with a lot of money to spend has taken a bullish stance on BP (NYSE:BP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Telehealth Market News: Braxia Scientific Enters Industry By Acquiring Ketamine Treatment Platform In Florida

A researcher and provider of ketamine-assisted treatments for mental health conditions, Braxia Scientific Corp.

Benzinga

Shell to give staff 8% bonus after record profits

Payout comes after oil firm reported $11.5bn second-quarter profits amid soaring energy prices

The Guardian - UK

New Greggs store prepares to open its doors in Irvine

The finishing touches are being put on the company's new North Ayrshire outlet.

Daily Record

Corporations' profits soaring as inflation skyrockets and real wages fall, report reveals

There are fresh calls for Australia's biggest corporations to rein in record profits in order to provide low wage earners with some cost-of-living relief.

ABC News

BP raked in £880 per second while people couldn't afford both eating and heating

SNP energy spokesman Alan Brown said the cost of living with Westminster "is getting worse by the day".

Daily Record

BP rakes in £880 a SECOND as fatcats' bonanza leaves Brits unable to pay for food

Chief executive Bernard Looney – who called BP a 'cash machine' – could make much as £11.7million from the profits surge while Brits struggle with the cost of living crisis

Daily Mirror

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Benzinga

TechnipFMC plc (FTI) Q2 Earnings Lag Estimates, Sales Beat

TechnipFMC plc (NYSE: FTI) reported second-quarter 2022 adjusted earnings of 2 cents per share, lagging the Zacks Consensus Estimate of 4 cents per share. This underperformance was due to higher product costs and lease expenses, which pushed up the company's total expenses.

The Guardian - UK

Will Sunak or Truss make booming oil and gas firms pay to help consumers?

Energy companies have done themselves few favours by helping investors as they benefit from soaring prices

Evening Standard

The Leader podcast: BP’s record profits and how consumers are fighting back

Plus, support grows for 'don't pay UK' campaign

The Guardian - UK

Big oil’s quarterly profits hit £50bn as UK braces for even higher energy bills

Labour condemns ‘eye-watering’ gains and renews call for windfall tax to ease pressure on household finances

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The Guardian - UK

Oil firms seem more interested in shareholders than net zero

Analysis: Is the energy industry willing to invest in renewables rather than dividends and buybacks?

The Independent UK

Almost £7 billion in profits ‘obscene’ as bills soar, BP told

The oil giant announced its results on Tuesday.

Benzinga

Benzinga Before The Bell: Instagram Head To Relocate To London, SEC Charges 11 for $300M Crypto Ponzi Scheme, Oracle's Layoffs And Other Top Financial Stories Tuesday, August 2

Reuters

Daily Mirror

How are energy companies making so much money? Shell and BP announce whopping profits

As the UK continues to struggle under the cost of living crisis, with energy bills rising and petrol prices at increased costs, energy companies have revealed their multi-billion pound profits

The Independent UK

BP ‘laughing all the way to the bank’ with bumper profits while households face poverty, say campaigners

Oil giant sees profits triple to £6.9bn in second quarter while households struggle with massive bill increases

The Street

Stocks Lower, Pelosi and China, Pinterest, Estée Lauder and Tom Ford - Five Things To Know

Stock futures point to a lower open on Wall Street as House Speaker Nanci Pelosi's visit to Taiwan stokes geopolitical concerns; Pinterest shares soar despite second-quarter earnings and revenue miss; Estée Lauder reportedly courting Tom Ford; high energy prices boost BP earnings; SEC lays charges in crypto Ponzi scheme.

Daily Record

BP profits branded 'obscene' as energy giant rakes in £6.9bn while Scots struggle to pay bills

Climate campaigners warned the UK's energy system was "fundamentally broken" as ordinary people struggle to afford to heat their homes.

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