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The Latest Breaking News from British Petroleum

BP profits explained and where that money goes

Growing calls for the government to close a ‘loophole’ in its windfall tax on oil and gas companies amid bumper profits

The Independent UK

BP makes £4bn in three months as Labour's calls for windfall tax are fuelled further

BP’s latest profits, between this January and March, were around £560millon more than analysts who follow the company predicted it would make

Daily Mirror

Calls for ‘loophole’ to be closed as BP profits are £500m ahead of expectations

Enormous earnings are the ‘unearned, unexpected windfalls of war’, says Labour shadow energy secretary Ed Miliband

The Independent UK

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SNP and Labour slam Tories after BP profits are £500m more than expected

The oil giant said it made just under £4 billion in underlying replacement cost profit between January and March.

Daily Record

BP posts $5B quarterly profit on strong oil and gas trading

British energy giant BP has posted strong quarterly profit numbers even as energy prices that soared after Russia’s war in Ukraine last year have eased off

The Independent UK

BP reports blockbuster profit for the first quarter but slows from 2022’s record-breaking pace

Shares in the FTSE 100 oil major fall as rate of share buybacks also eases

Evening Standard

Yellen warns of looming June 1 US debt ceiling deadline

US Treasury Secretary Janet Yellen has written to congressional leaders warning that the federal government could run out of cash as early as June 1, unless they agree on raising the debt limit or suspending it. President Joe Biden has invited Republican House leader Kevin McCarthy for talks on May…

France 24

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BP profit more than £500 million higher than expected

Just under £4bn of profit was reported between January and March, due to strong performance in oil trading

Insider UK

Oil giant BP profit more than £500m higher than expected

OIL giant BP’s profit was more than half a billion pounds higher than expected in the first three months of the year as the business continued to…

The National (Scotland)

Oil giant BP makes £4bn profit in three months despite rise in fuel prices

The huge quarterly profit figure has led to critics claiming the profits are undeserved while many are struggling to heat their homes due to rising fuel costs.

Wales Online

BP’s profits labelled ‘heinous’ as calls grow for tougher windfall tax

Oil and gas company beats analysts’ forecasts, with profits reaching $5bn in first three months of year

The Guardian - UK

FTSE 100 Live: FCA unveils new rules to make London listings more attractive

The FTSE 100 index today regained lost ground during a busy session for blue-chip updates.

Evening Standard

Labour calls for energy firms to pay more tax on £60m-a-day profits

Party wants greater taxation on North Sea profits to fund freeze on council tax for cash-strapped UK households

The Guardian - UK

Energy giants raking in £60 million a DAY in profit as Tories ignore windfall tax demands

The Government has been accused of giving these companies “generous and untargeted handouts” by Labour as millions struggle through the cost of living crisis.

Daily Mirror

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Daily Mirror

Energy giants raking in £60 million A DAY in massive Tory tax fail

Firms including BP and Shell are this week set to announce profits of more than £10billion since the start of the year

The National (Scotland)

North Sea oil and gas profits must be reinvested in Scotland, SNP say

The SNP has said profits from North Sea oil and gas must be reinvested in Scotland, accusing Westminster of “hoarding” Scotland’s…

Daily Record

Energy fat cats like BP and Shell should pay more tax amid record profits

Record View says the poor just keep getting poorer and that a fair tax system which ensured energy giants pay their proper share would go a long way to lessening this inequality.

The Guardian - UK

A Play for the Living in a Time of Extinction review – Lydia West takes command

The star narrates an innovative, pedal-powered production that muses on the climate crisis but the wide range of topics limits the storytelling

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InsideEVs

Hertz Now Has 50,000 EVs In Its Fleet

In the first three months of this year, the firm generated $2 billion in revenue, an increase of 13 percent year-over-year (YOY).

The Guardian - UK

Climate protesters disrupt BP’s shareholder meeting in London

Oil company’s decision to water down climate commitments prompts backlash from investors at AGM

Barchart

New “Hydrogen Turbine” Technology Could Decarbonize Air & Sea Travel

Green hydrogen is produced using electrolysis, a process powered by renewable energy. However, it is energy-intensive and could displace renewables from the grid.

The Guardian - UK

Ali died days before he could challenge BP’s CEO on the dangers of gas flaring. Don’t let his death be in vain

The 21-year-old Iraqi, who lived by a smoke-choked oilfield, died of cancer. His message must be heard, says journalist Jess Kelly

StockNews.com

3 Bullish Stocks to Keep on Your Watchlist

As uncertainty clouds the Fed’s impending decision next month, investing in fundamentally sound stocks such as BP p.l.c. (BP), Sumco Corp. (SUOPY), and TORM plc (TRMD), exhibiting solid momentum, could be beneficial. Read on….

The National (Scotland)

Scottish port's revival to create 'thousands of jobs' following major investment

A PORT near Inverness is set to help create “thousands of jobs” after a US private equity fund committed £300 millionn to help with its…

The Guardian - UK

BP facing green rebellion at annual shareholder meeting

Some of UK’s biggest pension funds preparing to demand tougher plans to reduce emissions by 2030

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