BP chair Manifold hits back at ‘false’ misconduct claims Energy BP’s ousted chair has hit back at the group’s decision to fire him over governance issues, launching a robust defence of his short-lived tenure on the supermajor’s board and rejecting the “false narrative” surrounding his sudden departure. In a move poised to plunge the London-listed energy giant into a full-blown governance crisis, Albert Manifold defended [...]
BP shares slide as suspends share buybacks and increases cost-cutting goal Business Energy giant BP has suspended its share buyback programme and deepened its cost-cutting target, as it scrambles to bolster its balance sheet amid the anticipation of a weaker oil price. In its final results, the company said the decisions were taken to allow it invest in its oil production business and “fully allocate excess cash” [...]
What could Shell and BP be worth across the pond? Energy Ultimately, Shell and BP's future in London rides on how patient investors are willing to be.
Big Oil commits to Big Returns for shareholders as profits keep flowing February 10, 2024 In an era when big oil needs to keep investors happy - how far can buybacks go?
Shell takes second place behind Exxon in oil supermajor earnings February 2, 2024 US oil heavyweights Chevron and Exxon have beaten a subdued global oil price to post their second-biggest profits in ten years.