BP: Profits double to £23bn as soaring oil and gas prices continue to boost its bottom line February 7, 2023 BP is the latest energy giant to unveil record profits, reporting full-year earnings of £23bn, cashing in on soaring oil and gas prices.
BP, Siemens and PepsiCo branded ‘hypocrites’ for donating to Ukraine while failing to fully exit Russia January 22, 2023 BP, Siemens and PepsiCo have all donated millions to Ukraine while at the same time failing to fully exit Russia, new research shows. The three multinationals have been branded “hypocrites” and sit alongside 13 other top firms that have both given aid to Ukraine while also retaining their links to the Russian Federation. The research [...]
FTSE 100 close: Persimmon and Taylor Wimpey pull index away from record high January 19, 2023 London’s FTSE 100 index registered one of its worst days since the turn of the year, pulling it away from its record high. The capital’s premier index shed 1.07 per cent to drop to 7,747.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell [...]
FTSE 100 close: China reopening boosts Antofagasta and London miners January 9, 2023 London’s FTSE 100 has today extended its robust start to the new year, fuelled by mining giants clinching gains on investors betting commodity prices are on the rise as China dismantles pretty much all of its Covid-19 restrictions. The capital’s premier index jumped 0.33 per cent to close at 7,724.93 points on the opening day [...]
FTSE 100: Anglo American and Glencore power London premier index to 2019 high January 6, 2023 The FTSE 100 has extended its strong start to the year by closing at its highest level since the summer of 2019 today, powered by mining giants in London trading. The capital’s premier index clinched the landmark after a late afternoon surge, finishing up 0.87 per cent at 7,699.49 points. Miners led the FTSE 100 [...]
Oil giant BP completes £2.7bn purchase of US renewable energy firm Archaea December 28, 2022 Oil giant BP has completed the purchase of renewable natural gas (RNG) provider Archaea Energy for almost £3bn. The purchase of the Texas-based firm will help to expand its presence in the US biogas industry, accelerating its bid to decarbintion. It has been agreed for $3.3 billion (£2.7bn) in cash, as well as around $800 [...]
BP oil trader loses employment lawsuit after being stripped of whistleblowing protection November 10, 2022 A BP oil trader has lost an employment lawsuit against the firm after a tribunal ruled he was not entitled to whistle-blower protections. Jonathan Zarembok, who was fired from his job after flagging concerns about potential bribes being paid to Nigerian middlemen, claimed he was forced out unfairly. He raised concerns about “abnormally large” fee [...]
BP joins profits bonanza with £7.1bn earnings despite £2bn overall losses November 1, 2022 BP revealed losses of £1.9bn for the third quarter of trading this year, but massive underlying profits of £7.1bn for the three month window.
Two BP workers dead after refinery blaze September 22, 2022 Two BP workers have died following a fire at an oil refinery. The unnamed workers were stationed at bp-Husky Toledo Refinery in Ohio, the US. In a statement, BP said: “It is with deep sadness we report that two bp staff injured in a fire at the bp-Husky Toledo Refinery have passed away.” “Our thoughts [...]
BP to pay lower taxes than before Covid pandemic despite massive profits August 8, 2022 BP will pay a lower rate of taxes this year than prior to the pandemic, revealed the company's chief financial officer Murray Auchinloss.