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 [...]
BP: FTSE 100 giant replaces top boss after just two years Energy 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 [...]
Insurers urged to reassess Russian oil coverage amid UK and EU price cap changes insurance An insurance association has urged its members to assess their exposure to Russian oil as the UK and EU prepare to update their oil price cap regimes