BP shares fall as net zero plans trigger hit of up to $5bn Energy Oil giant BP has warned it will take a hit of up to $5bn in the final quarter of 2025 as the value of green energy projects withered. The FTSE 100 firm said it expects a write-down of between $4bn and $5bn (£3.7bn), as it rethinks its strategy for transition assets and partnerships in the [...]
Shell and BP shares sink as China slams ‘bully’ US over oil dispute Markets Shares in FTSE 100 oil giants took a tumble on Wednesday as President Donald Trump ramped up the pressure on Venezuela to hand over oil. Shell had sunk near four per cent by midday to 2,644.7p whilst BP was down 3.5 per cent to 416.65p. The losses in the oil giants – which make up [...]
FTSE 100 closes above 10,000 after Trump triggers defence rally Markets British defence and mining stocks set the FTSE 100 flying high on Monday after the fallout from the United States’ capture of Venezuelan President Nicolas Maduro heightened investor appetite. The surging stock prices helped the blue-chip index cement its first close over the 10,000 mark, ending the session at 10,004.57 after a 0.5 per cent [...]
BP: FTSE 100 giant replaces top boss after just two years December 18, 2025 FTSE 100 oil major BP has replaced its top boss after just two years in the role as the energy giant targets a major turnaround. BP will swap out incumbent boss Murray Auchincloss, who has been in the role since the start of 2024, for Woodside Energy chief Meg O’Neil. Auchincloss will step down with [...]
BP shares jump after oil major ups dividend and launches buyback August 5, 2025 BP shares jumped on Tuesday despite the firm recording a hit to profit and revenue in the first half of 2025 as weaker oil prices and lower trading performance weighed on takings. The London-listed oil major posted total revenue of $95.6bn (£72bn), down from 2.7 per cent from the same previous last year, while profit [...]
Shell: FTSE 100 giant takes profit beat amid weak oil prices July 31, 2025 FTSE 100 juggernaut Shell posted a dramatic hit to earnings in the second quarter amid a volatile period for oil and gas prices. The London-listed oil major recorded $4.26bn (£3.21bn) marking a 32 per cent fall from the second quarter of 2024, where the firm pocketed $6.29bn. But Shell managed to scrape past an LSEG-compiled [...]
Shell: FTSE 100 giant in line for profit hit after oil woes July 26, 2025 Shell is expected to report lower profits for recent months as the energy giant continues to battle oil price volatility and strives to return cash to its shareholders. The FTSE 100-listed company is predicted to report adjusted earnings of 3.74 billion US dollars (£2.78 billion) for the second quarter, when it publishes its latest figures [...]
Ofgem gives green light to landmark electric grid upgrade July 1, 2025 The UK’s energy regulator has approved a £24bn investment to upgrade the UK’s energy infrastructure as a part of its green transition. The Office of Gas and Electricity Markets (Ofgem) move comes as the government renews its push for cleaner energy, despite backlash around the impact on prices. Over £15bn is set to be deployed [...]
FTSE 100 held back by Shell and BP as pound hits three-year high June 24, 2025 The FTSE 100 edged up and the pound hit a new high as investors flocked back to risk on Tuesday, but London’s blue-chip index’s rebound was held back by the falling price of oil. The UK’s flagship index nudged up 0.3 per cent in early trading to around 8,7883. But significant gains were held back [...]
Lammy: Iran blocking Strait of Hormuz would be ‘catastrophic mistake’ June 23, 2025 Foreign secretary David Lammy has warned Iran that blocking the crucial Strait of Hormuz shipping lane would be a “mistake” after the nation vowed repercussions following the US’ attacks. Lammy told the BBC this morning: “It would be a catastrophic mistake. It would be a mistake to blockade the Strait of Hormuz.” The foreign secretary [...]