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The Latest Breaking News from British Petroleum

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

Benzinga

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

Daily Mirror

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 Independent UK

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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.

Daily Record

BP earnings triple as energy firm profits from rising prices

BP’s earnings have tripled in the second quarter as the British energy giant profited from oil and natural gas prices that soared after Russia invaded Ukraine

The Independent UK

BP posts eye-watering profits as families fear they have 'nothing left' to cut back on

ENERGY giant BP has posted eye-watering profits of £6.9 billion as ordinary families across the country fear another expected increase in their…

The National (Scotland)

BP announces huge £6.9billion profit amid soaring fuel and energy bills

The company is the latest to announce staggering profits during the cost of living crisis

Manchester Evening News

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BP sees earnings hit 14-year high amid anger over energy firm profits

The oil and gas giant has announced a 10% rise in shareholder dividends

Insider UK

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

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

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The Guardian - UK

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

Daily Mirror

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

InsideEVs

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.

Liverpool Echo

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

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Tribune News Service

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.”

Benzinga

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.

The Guardian - UK

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’

Birmingham Post

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

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

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