BP set for slower first quarter profits and revenue amid lower oil prices May 5, 2024 BP is expected to announce slowing profits and revenues for the first quarter of 2024, as it wrestles with lower oil prices and weaker refining margins than this time last year. The oil super major will give its latest quarterly results in an update on May 7, with profit expected to come in at £5.07 [...]
Octopus is the UK’s top home electricity supplier – what powers its success? May 2, 2024 Ofgem recently confirmed that Octopus Energy has edged out British Gas to become the nation’s largest domestic energy supplier. The news follows the company’s takeover of Shell Energy (and its 1.3m customers) in 2023. But the last two years have been a fraught time for energy firms in terms of public opinion: if they’ve earned [...]
Watch: BP AGM thrown into chaos as climate and Palestine protesters arrested April 25, 2024 Last month, Free Palestine supporters stormed the stage at London's International Energy Week Conference during a panel with BP representatives.
BP to cut top team as major restructure plans revealed April 18, 2024 BP is to cut its executive leadership team as part of a restructure which it said will help "reduce duplication and reporting line complexity".
The campaign to divest from BP and Shell isn’t working. Here’s why April 15, 2024 The campaign for institutional investors to divest from oil giants like BP and Shell hasn't made any progress due to the companies' strength on indexes, a new study has found.
What could Shell and BP be worth across the pond? April 13, 2024 Ultimately, Shell and BP's future in London rides on how patient investors are willing to be.
Mark Kleinman: 777 bid for Premier League side Everton should dial 999 for help April 11, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column. This week he tackles the Everton's takeover bid, CVC's float hopes and ex-BP boss Bernard Looney's next destination.
BP: British oil and gas giant to start year strong with boosted activity April 9, 2024 The firm today said that oil, gas and lo-carbon production across its operations is expected to be higher for Q1 2024 compared to the end of last year.
Exxonmobil bets £791m on UK oil sector as other operators pull back April 8, 2024 Exxon's bet on diesel appears contrary to a wider trend amongst its petrogiant peers.
Commodity traders still made bank last year despite calmer markets April 5, 2024 Global commodity trading generated more than £79bn in earnings before taxes (EBIT) in 2023.