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The Latest Breaking News from British Petroleum

BP profits more than double to £7.1bn amid windfall tax pressure

Unlike Shell, the UK-listed oil giant will pay £695m via the energy profits levy

Insider UK

BP profits more than double as pressure for greater windfall tax grows

It came as BP confirmed it will be hit by the windfall tax on its UK operations this year, unlike rival company Shell.

The National (Scotland)

BP profits almost tripled to £7.1bn amid high oil and gas prices

Soaring oil and gas prices have contributed to the profits

Manchester Evening News

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BP profits double due to soaring oil and gas prices

It comes week after Shell announced it had doubled profits from same quarter last year

The Independent UK

BP says its profits have doubled as Brits battle high energy and fuel prices

It made £7.1 billion in just a few months

Wales Online

Jobs at risk as Morrisons shuts 132 McColl’s stores; calls grow for broader energy windfall tax – as it happened

Supermarket chain plans to close loss-making McColl’s stores, as it tries to regenerate business

The Guardian - UK

Calls for extension of windfall tax as BP posts ‘eye-watering’ profits

Company under pressure after reporting £7bn profit in third quarter as Ukraine war drives up gas prices

The Guardian - UK

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BP profits more than DOUBLE to £7.1billion as Brits suffer in cost of living hell

The London-listed oil giant reported that underlying profits surged to £7.1billion ($8.2 billion) for July to September, compared with £2.9billion ($3.3 billion) a year earlier

Daily Mirror

FTSE 100 Live: BP profits top £7 billion, house prices fall, Ocado shares soar 33%

BP is the latest oil major to report huge profits after revealing a quarterly surplus of $8.2 billion (£7.1 billion), driven by a surge in prices.

Evening Standard

BP Unusual Options Activity

Someone with a lot of money to spend has taken a bearish 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

Campaigners fear millions in Just Transition funding is going towards wrong efforts

ENVIRONMENTAL campaigners have raised concerns that millions of pounds from the Scottish Government’s Just Transition Fund have been awarded to an…

The National (Scotland)

No middle way

Re: "Coming out swinging", (BP, Oct 23), and "New parties present faint flicker of hope", (Opinion, Oct 22).

Bangkok Post

Profits at world’s seven biggest oil firms soar to almost £150bn this year

Bumper earnings prompt calls for overhaul of UK windfall tax after Shell admission it will not pay any this year

The Guardian - UK

Even Shell can see it is earning too much from this crisis – the energy market needs a profits cap

The government could be doing so much more to protect consumers, says former BP executive Nick Butler

The Guardian - UK

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Benzinga

Check Out What Whales Are Doing With BP

A whale with a lot of money to spend has taken a noticeably bullish stance on BP. Looking at options history for BP (NYSE:BP) we detected 10 strange trades.

Reuters

Russia's Sechin says Taiwan will return to China 'on schedule'

Igor Sechin, chief executive of Russian oil giant Rosneft and one of Vladimir Putin's closest allies, on Thursday heaped praise on China's leaders and said Taiwan would return to its "native harbour" on time.

Dublin Live

Gerry Hutch trial shown CCTV alleged to be of him and Jonathan Dowdall, 15 days after Regency attack

The prosecution said the footage, shown yesterday afternoon, depicts the pair at a BP petrol station on the Newry Road in Armagh on the morning of February 20, 2016

Bangkok Post

Legal versus moral

Re: "Mall zoo prices Thailand's last caged gorilla at B30m", (BP, Oct 21).

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StockNews.com

3 Hot Momentum Stocks to Keep Your Eye On

While the stock market has been rallying recently, with every third-quarter earnings beat encouraging investors, stubbornly high inflation is set to hurt businesses by eroding margins. Hence, to counter fresh bouts of volatility, it would be wise to invest in BP (BP), APA (APA), and Unit Corporation (UNTC), which have…

The Guardian - UK

‘You have to be thick-skinned’: what is it like to lose the status of a top job?

After just 45 days as prime minister, Liz Truss has abruptly lost power. How have others such as Lib Dem leader Vince Cable and Vogue editor Alexandra Shulman coped with life after a high-level role – and can they offer any advice?

The Times of India

Reliance to commission new gas condensate field by year-end

NEW DELHI: Reliance Industries Ltd will commission its deepwater MJ gas condensate field in Bay of Bengal block KG-D6 by year end, boosting natural gas output to 30 per cent of India's total.

The Guardian - US

New Jersey latest state to sue oil companies over climate misinformation

The state is going after five oil companies – ExxonMobil, Shell Oil, Chevron, BP and ConocoPhillips – for their role in the climate crisis

Salon

The oil industry has a talent vacuum

Who wants to work for the brands that brought you climate change?

ABC News

WA government accelerates green hydrogen plans near Geraldton as global players dig in

The West Australian government is fast tracking the development of a hydrogen hub at Oakajee, with BP among major companies with high hopes for the site.

Benzinga

Merger Monday Vindicated This Analyst Who Nailed BP's Offer Price As Energy M&A Heats Up

On Oct. 4, Wells Fargo & Co. (NYSE: WFC) analyst Michael Blum initiated coverage of Archaea Energy Inc.

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