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The Latest Breaking News from Murray Auchincloss

Oil Giant BP Returns To Profit In Second Quarter

British energy group BP on Tuesday posted a net profit for the second quarter, in contrast to weaker results from energy rivals, as lower exceptional charges offset falling oil prices.

International Business Times · Aug 5, 2025

BP reveals plans for group-wide costs and business review as profits fall

The oil giant has been under pressure from shareholders to boost profits and cut costs.

Evening Standard · Aug 5, 2025

Tesla’s UK sales fall almost 60% in July as BYD surges; Neil Woodford fined and banned over fund collapse – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · Aug 5, 2025

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FTSE 100 Live 05 August: BP and Diageo results cheer, Domino’s Pizza shares slide

Results-day cheer for under-pressure BP and Diageo today helped the FTSE 100 index in a session when the value of Smith Nephew surged by 15%.

Evening Standard · Aug 5, 2025

BP appoints new chair to oversee shift back to fossil fuels

Albert Manifold, ex-boss at buildings material company CRH, to take over from embattled Helge Lund

The Guardian - UK · Jul 21, 2025

BP agrees to sell US onshore wind business as it shifts back to oil

Company to sell business for undisclosed sum to LS Power as part of plan to offload $20bn in assets

The Guardian - UK · Jul 18, 2025

Shell denies reports of BP megamerger of Big Oil rivals

A Shell-BP deal would represent the biggest energy deal of the century—if not ever.

Fortune · Jun 25, 2025

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Shell reportedly weighing up merits of making move to buy BP

Such a takeover would be one of biggest deals ever in oil and gas industry

The Guardian - UK · May 4, 2025

BP sees major downturn as gas trading and refining divisions lag

BP's CEO has reassured investors that BP will be watching market volatility and will be focusing on strengthening its balance sheet to improve shareholder value in the long-run.

Euronews · Apr 29, 2025

BP Profit Drops 70% Amid Pivot Back To Oil And Gas

Britain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business.

International Business Times · Apr 29, 2025

Major shareholder revolt against BP chairman amid climate clash

Shareholders delivered a massive rebuttal for Helge Lund’s reappointment amid tensions.

Evening Standard · Apr 17, 2025

BP cuts boss’s pay by 30% after company misses profit targets

Murray Auchincloss paid £5.4m in 2024 as oil company ditched green investment strategy

The Guardian - UK · Mar 6, 2025

BP chief takes more than £2.3m pay cut after slump in profit

Murray Auchincloss’s pay fell by one-third last year, ahead of BP making a drastic pullback from its green energy targets.

Evening Standard · Mar 6, 2025

Dirtier BP is still miles away from resetting its share price

Fossil fuel giant’s strategic U-turn may be far-reaching but even after ditching climate goals the shares fell

The Guardian - UK · Feb 26, 2025

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The Guardian - UK · Feb 26, 2025

Why has BP pulled the plug on its green ambitions?

Oil firm abandons plan to become net zero energy company as its CEO claims strategy went ‘too far, too fast’

Evening Standard · Feb 26, 2025

BP slashes green energy spending and turns back towards fossil fuels

The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.

Fortune · Feb 26, 2025

How BP went from eco poster child to possible takeover target

“In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its strategy.

The Independent UK · Feb 26, 2025

BP to slash spending on net zero ventures as it focuses on oil and gas again

British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production

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Evening Standard · Feb 26, 2025

BP slashes net-zero spending by nearly £4bn in renewed oil and gas focus

The fossil fuels giant said it would increase oil and gas investment by about 20% to £7.9 billion a year as part of a major strategy update.

Evening Standard · Feb 26, 2025

BP takes the axe to investment in green energy in "shocking" strategy U-turn

Rethink comes five years after BP set ambitious targets to cut production of oil and gas by 40% by 2030

Evening Standard · Feb 26, 2025

BP expected to roll back green energy pledges to boost profit

The oil giant was criticised by environmental groups amid forecasts that it will roll back pledges made five years ago in a bid to boost profit.

The National (Scotland) · Feb 26, 2025

BP to slash renewable energy generation to pivot to fossil fuels

OIL and gas company BP is expected to ditch a target to ramp up renewable energy generation by 2030 in a bid to pivot back towards fossil fuels and…

The Guardian - UK · Feb 24, 2025

BP expected to scrap renewables target in shift back to fossil fuels

Goal of increasing renewable energy generation 20-fold to be ditched, shareholders to be told this week

Evening Standard · Feb 13, 2025

Hedge fund’s BP stake worth £3.8bn as firm expected to ditch green promises

Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.

The Guardian - UK · Feb 13, 2025

Activist hedge fund reportedly amasses £3.8bn stake in BP

Elliott Management expected to demand strategy changes including pushing to abandon green energy pledge

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