BP ditches stake in Rosneft after Russian invasion of Ukraine February 27, 2022 BP will ditch its near 20 per cent stake in Kremlin-backed energy giant Rosneft, following Russia's invasion of Ukraine.
National Portrait Gallery cuts BP sponsorship after 30 years February 22, 2022 The National Portrait Gallery has today announced that it will be cutting its partnership with BP, ending a 30 year relationship with the oil and gas firm. The announcement follows years of growing opposition to BP’s sponsorship of the Gallery, including the BP Portrait Award. Critics have varied from artist Gary Hume speaking out against [...]
London markets turn to cigarettes and gold as geo-politics panics February 14, 2022 It appears investors in the blue-chip index were resorting to gold and cigarettes today, as London markets grapple with the declining geo-political landscape.
Windfall tax plans rubbished by economists after oil giant’s losses last year February 9, 2022 Economists and BP's boss rejected calls yesterday for a windfall tax on energy giant announced healthy profits.
BP recovers from pandemic with £9.5bn profit February 8, 2022 BP has rebounded strongly from the pandemic with hefty annual profits of £9.5bn ($12.8bn), its best yearly result since 2013.
BP rebounds with 30-fold increase in profit amid surging oil prices February 8, 2022 Oil and gas giant BP has rebounded with fourth-quarter profits of $2.3bn and a replacement cost profit of $4.1bn.
Windfall tax looming: BP may end up in firing line if it reports expected 30-fold increase in profits February 7, 2022 Oil giant British Petroleum could end up in the firing line when it reports this week what analysts expect might be a more than 30-fold increase in its profit in the closing months of last year. The oil giant is expected to report an underlying replacement cost profit – its preferred measure – of around [...]
BP snaps up stake in biofuels firm to accelerate shift away from diesel February 3, 2022 BP has snapped up a major stake in the UK’s largest provider of low-emission hydrogenated vegetable oil (HVO) fuels as it looks to accelerate the transition away diesel usage in transport. The British energy giant has taken a 30 per cent stake in Green Biofuels, and will now work with the firm to spur growth [...]
BP earnings spike after energy prices rocket November 2, 2021 BP has reported soaring earnings in its third quarter results after costs of oil and gas skyrocketed this year. The oil giant reported underlying replacement cost profit of $3.3 bn, compared with $2.8bn for the previous quarter. It credited this result to higher oil and gas realisations, higher refining availability and throughout “enabling the capture of [...]
Fuel crisis: City traders circle BP and Shell as they take positions for more price hikes October 4, 2021 Investors are not banking on a swift resolution to the UK fuel crisis against a backdrop of continuing queues on forecourts and the Army being put on standby to help with deliveries, according to data shared with City A.M. this morning. Analysis of investor movements with regards to BP, Royal Shell and Glencore shows that [...]