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The Latest Breaking News from British Petroleum

Strong BP profit renews call for energy sector windfall tax

BP posted its highest quarterly profit in more than a decade thanks to surging oil and gas prices

The Independent UK

BP profits skyrocket amid demands for windfall tax to tackle cost of living

BP has notched up its highest quarterly underlying profits for more than a decade thanks to rocketing oil and gas prices as calls grow for a…

The National (Scotland)

Boris Johnson sounds alert over mortgage payment hikes as cost of living crisis grows

Millions of families have been warned that their mortgages could rise even further if Britain is hit by an inflationary spiral.

Evening Standard

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Windfall tax calls intensify as BP reports highest profit in a decade

In a bid to steer off criticism, the oil and gas giant stated it would be paying around £1bn in taxes this year

Insider UK

BP promises to ‘back Britain’ with £18 billion as profits hit highest since 2008

The oil giant made an underlying profit of $6.2 billion in the first three months of the year, far higher than the City was expecting

Evening Standard

Stocks Higher, Tesla, Twitter, Logitech, BP And Roe v Wade - Five Things You Must Know

Stock futures edge higher amid rate hike bets, heighted volatility; Tesla shares higher on report Musk seeking alternatives to Twitter financing; Logitech shares tumble after Q4 earning miss, sales forecast cut; BP shares leap after profit surge offsets Russia exit writedown and leaked opinion suggests Scotus reading to overturn Roe…

The Street

Earnings Scheduled For May 3, 2022

Companies Reporting Before The Bell • Kiniksa Pharmaceuticals (NASDAQ:KNSA) is projected to report earnings for its first quarter.

Benzinga

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Johnson acknowledges ‘more that we can do’ to tackle cost-of-living crisis

Prime Minister Boris Johnson warned about the danger of fuelling an inflationary spiral if Government intervention was not carefully controlled.

The Independent UK

Russia sanctions: Mercedes-Benz and L’Oreal join firms severing ties over Ukraine invasion - see full list

Banks, businesses, oligarchs, politicians and military leaders all targeted with harsh economic penalties by Western democracies as punishment for Vladimir Putin’s actions

The Independent UK

Cost of living support ‘isn’t enough’ to help everyone, admits Boris Johnson

Moves made by chancellor won’t ‘work enough in the short term’, concedes PM

The Independent UK

BP plunges deep into red on pullout from Russia

London (AFP) - British energy giant BP said Tuesday that its decision to pull out of Russia as a result of the war in Ukraine pushed it deep into the red in the first three months of this year.

AFP

BP profits DOUBLE to £5billion as energy and petrol prices trigger cost of living crisis

It comes amid a cost of living crisis that has left millions of households struggling to afford basic essentials such as food and transport due to soaring inflation

Daily Mirror

BP plunges into $20.4-bn loss on Russia exit

London (AFP) - British energy giant BP on Tuesday plunged into a huge net loss in the first quarter after it decided to exit Russia over the country's invasion of neighbour Ukraine.

AFP

FTSE 100 Live: BP pledges £18bn UK investment as profits hit $6.2bn

BP’s profits hit $6.2 billion (£5 billion) in the first three months of this year after benefiting from the soaring price of oil and gas.

Evening Standard

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The Guardian - UK

UK factories raise prices at record pace; windfall tax calls grows as BP earnings swell – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

BP profits double to $6.2bn, fuelling calls for energy windfall tax

Results are ‘obscene’, say unions, after soaring oil and gas prices help company to beat forecasts

Evening Standard

BP’s £5bn profit triggers fresh calls for energy windfall tax

BP posted its best quarterly earnings in more than a decade as the government comes under pressure to do more to ease the cost of living crisis

Investors Business Daily

Oil Stocks Shell, ConocoPhillips Fall Despite Earnings Beat As OPEC Sticks To Modest Output Increase

Shell and ConocoPhillips topped expectations as OPEC sticks to modest output increase.

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Tribune News Service

Gulf of Mexico oil drilling makes too-little, too-late comeback

A new wave of oil platforms is sweeping into the U.S. Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.

Benzinga

BP's Earnings Outlook

BP (NYSE:BP) is set to give its latest quarterly earnings report on Tuesday, 2022-05-03. Here's what investors need to know before the announcement. Analysts estimate that BP will report an earnings per share (EPS) of $1.33.

ABC News

BP to pay more than $65,000 over 2020 jet fuel spill in Adelaide's Port River

Petroleum giant BP will pay a $48,000 fine and other costs for spilling jet fuel into Adelaide's Port River in 2020, triggering complaints to environmental authorities from concerned residents.

The Guardian - UK

Rate of UK dividend growth far outstripping wage increases, says report

Thinktank says workers would have £2,100 a year more on average if wages over past two decades matched shareholder payout rises

The Guardian - UK

High energy prices leave oil giants untroubled by Russia exit or tax hints

BP and Shell are expected to report increased profits this week despite taking a big hit from the war in Ukraine

Benzinga

Disney Communications Chief Geoff Morrell Resigns After Three Months

Geoff Morrell, the Walt Disney Co.’s (NYSE: DIS) chief corporate affairs officer who crafted the company’s public response to Florida’s so-called “Don’t Say Gay” legislation, has left the company after three months on the job.

Bristol Post

M5 service stations: The best and worst rated by TripAdvisor reviews

Customers have ranked the best service stations on the motorway for those driving this bank holiday weekend

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