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The Latest Breaking News from Meg ONeill

BP names new chairman after removing Albert Manifold over conduct

Former Balfour Beatty boss Ian Tyler has been the interim chairman since May and joined the BP board as a non-executive director last year.

Evening Standard

BP to develop offshore gasfield in Venezuela with firms linked to Trump administration

Move will be one of first large-scale foreign investments in country since US ousted leader Nicolás Maduro in January

The Guardian - UK

BP Is Selling Another Green Energy Business. Strong Oil Prices Help Drive Best Profit Since 2022

In its earnings statement, CEO Meg O'Neill said BP is taking a fresh look at the business to improve performance, reduce complexity and strengthen areas that generate stronger financial returns,

International Business Times

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BP boss is unsentimental in pruning portfolio and clear on North Sea advice to Burnham

Meg O’Neill is overseeing rapid clearing of the decks at BP after strategic muddle of recent years, with ‘message’ for new PM

The Guardian - UK

Miners prosper while oil drops on new Middle East peace hopes

The FTSE 100 index closed up 21.68 points, or 0.2%, at 10,879.38.

Evening Standard

BP’s Q2 Profit Doubles Amid Middle East Conflict, but It Cuts Production, Capex Outlook

BP p.l.c. (NYSE:BP) stock is trading lower on Tuesday after the energy major reported second-quarter results that surpassed Street estimates.

Benzinga

BP’s £4.2bn Iran ‘war bonus’ fuels anger over UK soaring energy bills

BP has been slammed for raking in billions from a “war bonus” boosted by the US-Iran conflict, while UK households face soaring energy bills

The National (Scotland)

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BP profit more than doubles as Middle East conflict boosts oil prices

British energy giant BP said on Tuesday that its net profit more than doubled in the second quarter as the Middle East war roiled oil and gas markets.

Euronews

BP profits soar to four-year high after boost from Iran war

Campaigners have accused the company of being ‘price shock profiteers’ during the conflict.

Evening Standard

BP slammed as profits more than double during Iran war

Campaigners have also accused BP of ‘profiteering’ from a ‘climate crisis’

The Independent UK

BP boss urges Burnham to prioritise UK oil and gas even as firm exits North Sea

Meg O’Neill says ‘where we generate jobs, we generate tax revenue’, as company’s profits more than double

The Guardian - UK

British oil giant BP prepares to sell North Sea business

Amid higher windfall taxes and volatile global energy markets, BP's proposed sale could bring an end to around 60 years of North Sea production under the British energy giant’s ownership.

Euronews

BP puts North Sea oil and gas business up for sale

Move will end six decades of production in area, as new CEO tries to simplify company and cut debt

The Guardian - UK

FTSE 100 on track for best month since first US attacks on Iran five months ago – as it happened

Live, rolling coverage as London’s biggest companies defy Middle East disruption and UK petrol prices rise to around £1.60 per litre, the highest since Donald Trump ordered renewed strikes

The Guardian - UK

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Fortune

BP's new CEO Meg O'Neill rips up the energy giant's playbook—and the 'green' era with it

O’Neill, who took over on April 1, is the only woman to serve as CEO of a traditional Big Oil supermajor in Europe or the U.S.

Evening Standard

New BP boss overhauls structure to simplify operations

BP said it will be reorganised into two business divisions – upstream and downstream – from the start of July.

The Guardian - UK

The BP drama will fade: boards are allowed to ditch the chair

Rather than a continuation of the company’s recent issues, isn’t this an example of the board doing what it is supposed to do?

The Guardian - UK

Fired BP chair disputes oil company’s claims of poor conduct

Albert Manifold says he was removed without warning and ‘will not allow a false narrative to go unchallenged’

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Fortune

Inside Citi CEO Jane Fraser’s 5-year grind to restore the bank's credibility

Also: All the news and watercooler chat from Fortune.

Euronews

BP sacks chairman Manifold in a fresh blow to the troubled energy giant

Albert Manifold is the third senior BP leader to exit under a cloud in three years, as the British energy giant's boardroom turmoil shows no sign of abating.

The Guardian - UK

BP plans to sell shares in flagship carbon projects as it pulls back from green agenda

Oil firm seeks to reduce stake in carbon capture and storage projects in north-east of England after schemes fail to win over shareholders

The Guardian - UK

UAE quits Opec in ‘pivotal moment’ for oil producing group – as it happened

It’s UAExit as the United Arab Emirates will leave Opec on 1 May, in a blow to the group of oil producers

Evening Standard

What impact will soaring oil prices have on BP’s earnings?

The FTSE 100 firm said earlier this month it was heading for an ‘exceptional’ oil trading result in the first three months of the year.

The Guardian - UK

BP board suffers triple climate rebellion from shareholders

More than 50% of voters at first AGM under new leadership oppose plans to scrap climate reporting

The Guardian - UK

BP is operating in a world of ‘significant complexity’, new boss tells staff

Meg O’Neill’s memo comes as company tries to rebuild strategy amid oil shock of Iran war and after failed green pivot

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