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BP

Business

BP hit worse than Shell by low oil prices

BP's latest quarterly earnings were almost halved while Shell announced its highest profit in five quarters thanks to the purchase of rival BG Group.

BP's latest quarterly earnings were almost halved while Shell announced its highest profit in five quarters thanks to the purchase of rival BG Group.

Business

BP's profit down 45% in Q2, cuts investment budget

British oil major reporting a 45 percent drop in second-quarter earnings and will cut its 2016 investment budget to below $17 billion.

British oil major reporting a 45 percent drop in second-quarter earnings and will cut its 2016 investment budget to below $17 billion.

Business

BP considers more spending cuts after 80 percent profit drop

BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year.

BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year.

Business

Shareholders burn Bob's bonus at BP AGM

Shareholders at BP gave the boss’s bonus the thumbs down on Friday, wiping 17.7 million euros from Bob Dudley’s package for 2015. It was a rare

Shareholders at BP gave the boss’s bonus the thumbs down on Friday, wiping 17.7 million euros from Bob Dudley’s package for 2015. It was a rare

Business

Oil price slump hits BP and Exxon

The bad news keeps pouring out of the oil industry. BP suffered its biggest loss in 20 years and Exxon Mobil has reported its smallest quarterly profit in more than a decade.

The bad news keeps pouring out of the oil industry. BP suffered its biggest loss in 20 years and Exxon Mobil has reported its smallest quarterly profit in more than a decade.

Business

UK oil giant BP cuts jobs

UK oil company BP is set to pay the price for plummeting prices. It has announced it is to shed 4,000 jobs globally, 600 of which will be lost from

UK oil company BP is set to pay the price for plummeting prices. It has announced it is to shed 4,000 jobs globally, 600 of which will be lost from

Business

BP to tighten belt further as oil price slump hits profits

BP has announced a third round of spending cuts and more asset sales to offset an extended period of low oil prices, following a slump in

BP has announced a third round of spending cuts and more asset sales to offset an extended period of low oil prices, following a slump in

News

BP finally agrees record breaking Deepwater Horizon settlement

US Attorney General Loretta Lynch has announced BP is to pay over $20 billion arising from the 2010 Deepwater Horizon oil spill in the Gulf of

US Attorney General Loretta Lynch has announced BP is to pay over $20 billion arising from the 2010 Deepwater Horizon oil spill in the Gulf of

Business

BP profits hit by low oil prices and high compensation

British oil and gas giant BP’s second-quarter profits slumped by almost two thirds due to a combination of lower crude prices and ongoing charges

British oil and gas giant BP’s second-quarter profits slumped by almost two thirds due to a combination of lower crude prices and ongoing charges

News

BP agrees €16-bn settlement over Gulf of Mexico rig explosion

BP has agreed a to pay an estimated record 16-billion euro settlement over human casualties and environmental damage caused by the 2010 Gulf of

BP has agreed a to pay an estimated record 16-billion euro settlement over human casualties and environmental damage caused by the 2010 Gulf of

Business

BP hires Britain's former spymaster

Energy giant BP, increasingly exposed in some of its exploration and extraction facilities to potentially fatal risks has added a heavyweight

Energy giant BP, increasingly exposed in some of its exploration and extraction facilities to potentially fatal risks has added a heavyweight

Business

Oil giants BP and Total defy price drop to contain profits

A fall in profits but a resilient business. That’s the message from oil giant BP’s data for the three months to the end of March. Underlying profit

A fall in profits but a resilient business. That’s the message from oil giant BP’s data for the three months to the end of March. Underlying profit

Business

BP is latest to suffer profit hit from lower oil prices

BP is the latest energy firm to report lower profits and say it will spend less on exploration because of falling oil prices. Full year profit was

BP is the latest energy firm to report lower profits and say it will spend less on exploration because of falling oil prices. Full year profit was

Business

BP to cut workforce and spending as oil prices slide

A big downsizing has been announced at BP. As oil prices continue to fall, the British energy firm is to cut hundreds of jobs worldwide. The

A big downsizing has been announced at BP. As oil prices continue to fall, the British energy firm is to cut hundreds of jobs worldwide. The

News

BP faces billions more in fines for Deep Water Horizon disaster

BP is facing additional fines of $18 billion relating to the 2010 Deep Water Horizon oil spill. Describing the oil giant’s role in the disaster, a

BP is facing additional fines of $18 billion relating to the 2010 Deep Water Horizon oil spill. Describing the oil giant’s role in the disaster, a

Business

BP warns on Russian sanction effects

BP, the giant British energy producer that has strong links with Russian state oil company Rosneft, has warned of harmful effects from further

BP, the giant British energy producer that has strong links with Russian state oil company Rosneft, has warned of harmful effects from further

Business

Sanctions no bar to latest Rosneft deal with BP

Russia’s Rosneft has signed another major deal with Britain’s BP. The five-year agreement will supply BP with up to 12 million tonnes of refined

Russia’s Rosneft has signed another major deal with Britain’s BP. The five-year agreement will supply BP with up to 12 million tonnes of refined

Business

BP gas deal with China

BP has signed a deal worth around 14.7 billion euros to supply China National Offshore Oil Corporation with liquefied gas. BP is expected to source

BP has signed a deal worth around 14.7 billion euros to supply China National Offshore Oil Corporation with liquefied gas. BP is expected to source

Business

BP no longer banned from US government contracts

The US government has lifted a ban on BP bidding for new federal contracts. That came after after the company reached an agreement with Washington

The US government has lifted a ban on BP bidding for new federal contracts. That came after after the company reached an agreement with Washington

Business

BP's earnings beat estimates, ups asset sales and dividend

BP has pleased investors with forecast-beating quarterly profit. It also announced an increased dividend, plus plans for additional asset sales

BP has pleased investors with forecast-beating quarterly profit. It also announced an increased dividend, plus plans for additional asset sales

Business

Brussels opens oil 'price-fixing' probe

The European Commission is looking into whether BP, Royal Dutch Shell and Norwegian company Statoil may have “colluded” to manipulate oil product

The European Commission is looking into whether BP, Royal Dutch Shell and Norwegian company Statoil may have “colluded” to manipulate oil product

News

World leaders voice concern over Algeria raid

The Philippines’ Foreign Affairs department has confirmed that one of its nationals was wounded  while escaping with a Japanese colleague before the

The Philippines’ Foreign Affairs department has confirmed that one of its nationals was wounded  while escaping with a Japanese colleague before the

Environment

Transocean admits guilt over BP spill

Transocean has agreed to pay the equivalent of just over one billion euros to settle US government charges over BP’s massive Gulf of Mexico oil spill

Transocean has agreed to pay the equivalent of just over one billion euros to settle US government charges over BP’s massive Gulf of Mexico oil spill

News

BP banned from new contracts in the US

The oil giant BP has been temporarily suspended from new US government contracts because of its responsibility over the Deepwater Horizon spill in

The oil giant BP has been temporarily suspended from new US government contracts because of its responsibility over the Deepwater Horizon spill in

News

BP handed record fine over Deepwater Horizon spill

It is the biggest criminal fine in US history. BP has been ordered to pay 4.5 billion US dollars as part of the settlement following the fatal

It is the biggest criminal fine in US history. BP has been ordered to pay 4.5 billion US dollars as part of the settlement following the fatal

Business

BP pays record US damages for Deepwater

BP has pleaded guilty to criminal misconduct, including 11 felony charges and will pay a record US criminal penalty of 4.5 billion dollars after a

BP has pleaded guilty to criminal misconduct, including 11 felony charges and will pay a record US criminal penalty of 4.5 billion dollars after a

Business

BP's renewed confidence

BP was the standout gainer on the FTSE100 on Tuesday thanks to its better-than-expected results. In the third quarter, the British oil company’s

BP was the standout gainer on the FTSE100 on Tuesday thanks to its better-than-expected results. In the third quarter, the British oil company’s

Business

BP buys into Rosneft to stay in Russian game

BP is heading towards a fresh start in Russia after the announcement it has sold out its stake in the TNK-BP joint venture to state-owned oil giant

BP is heading towards a fresh start in Russia after the announcement it has sold out its stake in the TNK-BP joint venture to state-owned oil giant

Business

BP looks to Azeri cash to meet production targets

British oil giant BP will need subsidies from Azerbaijan’s government to prevent a further slide in output at its Azeri oil project. Oil executives

British oil giant BP will need subsidies from Azerbaijan’s government to prevent a further slide in output at its Azeri oil project. Oil executives