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The Latest Breaking News from British Petroleum

FTSE 100 Live: BP profits surge to £7bn in Q2, Brent crude holds $100

BP today racked up profits of $8.5 billion (£6.95 billion), up more than a third on the previous quarter after a continued surge in oil prices.

Evening Standard

BP reports almost £7bn profit as energy prices soar

BP faced a backlash on Tuessday after the oil and gas giant reported near-£7 billion profits between April and June as it cashed in on soaring energy costs.

Evening Standard

BP's profits treble as households face record energy bills and high fuel prices

The company has cashed in on high oil and gas prices

Wales Online

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Anger as BP profits triple to $8.5bn amid soaring household energy bills

Renewed calls for windfall tax as energy firms make ‘eye-watering’ sums as families struggle to afford bills

The Independent UK

BP profits triple to £7bn as oil prices surge because of Ukraine war

Labour says government is ‘totally wrong’ to give tax breaks to oil companies amid cost of living crisis

The Guardian - UK

BP profits hit £6.9BILLION in 14-year high as UK buckles under soaring energy bills

BP's financial performance has gone through the roof thanks to soaring oil and gas prices due to the war in Ukraine as they've already raked in £5billion in profits in the first three months of the year - which is more than double the £2.3bn earned in the same period…

Daily Mirror

BP accused of ‘unfettered profiteering’ as profits triple; company failures surge – business live

Unions criticise oil giant who recorded second-highest profits in its history after Ukraine war drove up energy prices

The Guardian - UK

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BP fatcats set to rake in £18m a year as households struggle to pay energy bills

Chief executive Bernard Looney, 51, could take home an astonishing £11.7m along with finance boss Murray Auchincloss who could trouser up to £6.3m in pay and perks

Daily Mirror

BP Opens Its First Charging Station For Electric Trucks

BP has opened its first fast charging station aimed at medium and heavy-duty electric trucks, as part of preparation for mass electrification.

InsideEVs

Petrol price cut for UK drivers among lowest in Europe, RAC claims

Only Luxembourg has done less than the UK Government, according to the motoring body

Liverpool Echo

How to think about your carbon footprint

It’s been nearly two decades since the oil giant BP released a calculator to help consumers figure out all the ways carbon was creeping into their lives, from commuting to work to buying food. The PR campaign was wildly successful: It popularized the very idea of an individual “carbon footprint.”

Tribune News Service

What Are Whales Doing With BP

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

Can Rolls-Royce’s new boss rev up its fortunes?

A veteran of BP, Tufan Erginbilgic arrives with a reputation for ‘creation of significant value’

The Guardian - UK

Rolls-Royce names former BP boss Tufan Erginbilgic as new chief executive

He will take over from Warren East who is stepping down after eight years at the helm

Birmingham Post

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The Independent UK

Rolls-Royce names former BP executive as new boss

Tufan Erginbilgic will succeed outgoing chief executive Warren East on January 1 next year.

Insider UK

Floating offshore vessel workers set to strike

Around 60 staff are set to take industrial action from 5 August

Nottingham Post

Extinction Rebellion campaigners to protest at Newark and Sherwood petrol stations

They will be peacefully protesting in a variety of ways

The Guardian - AU

Australian super funds include fossil fuels in ‘sustainable’ options, investor activists say

Market forces says its research shows ‘climate wrecker’ companies with interests in coal included in portfolios of ethical offerings

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news in one place.

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The Guardian - UK

Wellcome Trust sells stakes in large oil and mining companies

One of UK’s biggest funders of scientific research will no longer profit from businesses such as BP and Shell

Birmingham Post

The top team running the EG Group empire that was founded by the billionaire Issa brothers

BusinessLive profiles the top team running EG Group

The Guardian - UK

BP admits windfall tax will not affect its North Sea investments after all

Executive tells MPs new clarity on levy’s December 2025 end date means it no longer needs to review investments

Benzinga

Is A Beat In Store For Range Resources (RRC) In Q2 Earnings?

Range Resources Corporation (NYSE: RRC) is set to report second-quarter 2022 results on Jul 25, after the closing bell.

Evening Standard

Londoner’s Diary: Publishing fears for literary prizes as several axed

Today’s Diary: Literary Prizes at risk of becoming a rare breed / Gove takes the blame / Jean Paul Gaultier says there are no fashion mistakes / British Museum feels the heat

Liverpool Echo

Message to Tesco, Asda, BP, Shell and Texaco customers filling up fuel in two weeks

The AA accused retailers of acting too slowly and not going far enough with price cuts

The Guardian - UK

Charging my electric car is a pain as I can’t use BP Pulse credit

At the public charging point my balance is always shown as zero and when it should be £175

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