BP

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

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.

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

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.

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

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

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

The 2010 Gulf of Mexico oil spill continues to haunt BP with the US Justice Department now accusing the British oil giant of “gross negligence and

British energy giant BP faces further troubles as lower oil and gas prices, as well as a decline in production due to maintenance work has a negative