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The Latest Breaking News from British Petroleum

The wrong time for a windfall tax on big oil

City Comment: Let Shell and BP secure our energy supplies

Evening Standard

The growing list of companies boycotting Russia

BP, Apple, McDonald’s, Netflix and Ford are among the growing number of companies to either cut back, suspend or shutdown operations and trade with Russia in response to its invasion of Ukraine

Evening Standard

‘We Could Lose It All’: BP’s Bet on Russia Was Always a Gamble

The company will eat a $25 billion loss with its forced exit from the country—but higher oil prices will ease the pain.

Businessweek

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read the most diverse news in one place.

How much oil do Pacific Northwest refineries get from Russia?

Washington's five Puget Sound refineries in 2021 imported $700 million of Russian crude oil, equal to just under 5% of their annual processing capacity, according to an analysis of federal import information by the Seattle-based Sightline Institute.

Tribune News Service

BP And Shell Shares Step On The Gas: What's Fueling The Move?

BP PLC (NYSE: BP) and Shell PLC (NYSE: SHEL), are trading higher Tuesday amid continued strength in oil prices in the wake of Russia's invasion of Ukraine.

Benzinga

East Lothian biker thanks good samaritans after crash with deer at BP garage

Colin was heading out on Saturday for a game of golf but got a massive shock when his motorbike and a deer collided on the road throwing him off the bike.

Edinburgh Live

Dozens of firms have cut ties with Russia in the past week

The companies have cut ties with Russia in an act of solidarity against Vladimir Putin's invasion of Ukraine

Wales Online

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Co-op, Morrisons, H&M, M&S and more cut ties with Russia amid Ukraine invasion

Shell, BP and British Gas have all taken steps to condemn and sever ties with Russia's economy

Manchester Evening News

Full list of UK sanctions placed on Russia as businesses begin to boycott the country

As well as UK Government sanctions, a number of large firms have also stepped in and cut ties with Russia.

Daily Record

Shell, BP and ExxonMobil have done business in Russia for decades – here's why they're leaving now

In response to Russia’s invasion of Ukraine, British energy giant BP announced on Feb. 27, 2022, that it will sell its nearly 20% ownership in Russian state-owned energy giant Rosneft. BP’s rival Shell is also pulling out of all of its operations in Russia, as are U.S. energy giant ExxonMobil…

The Conversation

Russia's War Spurs Corporate Exodus, Exposes Business Risks

Auto shipments stopped, beer stopped flowing, cargo ships dropped port calls and oil companies cut their pipelines. Russia’s invasion of Ukraine has thrown business plans into disarray and forced a growing number of the world’s best known brands — from Apple to Ford and BP — to pull out of…

Asharq Al-Awsat

Sydney spared worst of rain but Newcastle still under threat – as it happened

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The Guardian - AU

John Lewis, Sainsbury's, H&M and 25 more firms that have cut ties with Russiain past week

British Gas, Morrisons and PayPal are just some of the huge companies suspended ties with Russia in an act of solidarity against Vladimir Putin's war on Ukraine

Daily Mirror

Oil price jumps to nearly $114; natural gas prices reach record highs – as it happened

US and European shares push higher, while rouble drops 8% and Moscow stock exchange stays shut for third day, as Russia bombards Ukrainian cities

The Guardian - UK

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Mic

Oil companies are fine with destroying the planet, just not like this

Despite initially lobbying for lighter sanctions and loosened regulations, Big Oil firms including BP and Shell are now pulling out of Russia.

The Independent UK

British Gas owner Centrica to exit Russia gas supply contracts

It comes after a number of UK energy companies, including BP and Shell, moved to sever their ties to Russia because of the conflict.

The Guardian - UK

British Gas owner follows BP and Shell in cutting Russia ties

Centrica announces end of gas supply agreement with Kremlin-controlled Gazprom

Benzinga

What 4 Analyst Ratings Have To Say About BP

Analysts have provided the following ratings for BP (NYSE:BP) within the last quarter:

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The Guardian - UK

Fund managers ditch Russian assets, global stocks slide, bitcoin rises after latest sanctions – as it happened

European stocks slide further while Moscow stock exchange remains closed for second day; rouble steadies and Brent crude rises above $100 a barrel

ABC News

ASX rises for the third day and Russia doubles interest rates to prop up the rouble amid financial sanctions over Ukraine invasion

The ASX gains ground as the Reserve Bank keeps interest rates at a record low and Russia more than doubles its key interest rate after the West ramped up financial sanctions over the invasion of Ukraine.

The Guardian - UK

BP and Shell lead rush to exit Russia. There can be no going back

Oil is always a political business, and there’s no point pretending otherwise

Asharq Al-Awsat

Western Companies Head For the Exit in Russia as Sanctions Tighten

Energy giant BP, global bank HSBC and the world's biggest aircraft leasing firm AerCap joined a growing list of companies looking to exit Russia on Monday, as Western sanctions tightened the screws on Moscow over its invasion of Ukraine. The West has moved to punish Russia with a raft of…

The Guardian - UK

Shell joins BP in selling Russian assets as pressure on Kremlin-linked firms grows

British oil major to exit joint ventures with Gazprom after BP pledged to sell its 20% Rosneft stake

Nottingham Post

The cheapest petrol stations across Nottingham right now as fuel prices surge

The average cost of a litre of petrol at UK forecourts was 151.67p on Tuesday, March 1

Evening Standard

City comment: Russian gas will keep flowing even if Shell ditches Gazprom

Shell must follow BP and dump Gazprom.

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