British Petroleum’s new CEO is preparing for significant challenges as the company navigates the complex landscape of energy transition and investor expectations. The ongoing pressure to focus on sustainability and
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BP has announced robust trading results for the first quarter of 2026, attributing this success to significant fluctuations in oil prices resulting from ongoing conflicts in the Middle East and
Meg ONeill steps into the role of Chief Executive at BP as the energy landscape shifts dramatically. Oil prices have surged due to the ongoing conflict in Iran, rising above
Shell and BP are positioned to achieve an additional £5 billion in profit this year, spurred on by escalating tensions in the Gulf that have driven oil prices upward. The
BP has made the decision to suspend its share buyback programme while also increasing its target for cost reductions. This strategic shift comes as the oil major faces mounting pressure
In a recent development, a wind farm project backed by BP has been cancelled, leaving the future of a second project uncertain following the failure to secure government contracts in
Germany’s EnBW has announced its decision to withdraw from the offshore wind projects Morgan and Mona in the Irish Sea. This decision comes in the wake of difficulties in securing
BP has recently informed its shareholders that the company is preparing to account for write-downs amounting to 5 billion dollars on its green energy initiatives. This decision coincides with a
BP has announced the sale of a 65 per cent stake in Castrol, its historic British engine oil business, to New York-based investment firm Stonepeak. The transaction, valued at six
BP is set for a major strategic overhaul as Meg O’Neill is appointed chief executive, succeeding Murray Auchincloss in a surprise change that has triggered fervent investor reactions. The move
BP has withdrawn its plans to develop a significant hydrogen project in Teesside after government officials granted approval for the construction of Europe’s largest data centre on an overlapping plot
The chief executive of BP has asserted his confidence in delivering a long-awaited turnaround for the energy giant, even if oil prices decline further. After a year marked by a
BP has agreed to divest minority stakes in key onshore oil and gas pipeline assets in the United States to investment firm Sixth Street. The deal, valued at £1.2 billion,
Murray Auchincloss’s rise to the top of BP raised eyebrows from the outset. Promoted following Bernard Looney’s sudden departure, Auchincloss was seen by some as an understated numbers man –
BP and its Japanese partner Jera have announced a halt to the Beacon Wind offshore project off the coast of Massachusetts, effectively withdrawing from the US offshore wind sector for
BP is pursuing damages exceeding £1 billion following a significant arbitration victory against the American liquefied natural gas (LNG) producer Venture Global. The case centres on claims that Venture Global
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