BP Plc will leave three U.S. oil-industry lobby groups due to differences on climate policy, after the company’s new chief pledged to eliminate its greenhouse gas emissions by 2050.
February 26, 2020BusinessFuel
BP’s New CEO Needs to Steer Company Through World Wary of Oil
In a world that’s increasingly wary of fossil fuels, BP’s newly appointed CEO Bernard Looney will have to prove the company can keep up with the times.
October 4, 2019BusinessFuel
BP Exits Alaska After 60 Years in $5.6 Billion Hilcorp Sale
BP Plc agreed to sell its entire business in Alaska to closely held Hilcorp Energy Co. for $5.6 billion, ending a six-decade presence in the state as oil production there declines.
August 27, 2019BusinessFuel
Oil Trades Near Two-Week High on Tighter Supply, Mideast Risks
Oil traded near a two-week high in New York amid signs of a further drop in U.S. stockpiles and ongoing concerns that political friction in the Persian Gulf could disrupt exports.
July 31, 2019BusinessFuel
BP Bucks Trend of Big Oil Earnings Misses as Output Rises
BP bucked the trend of disappointing oil and gas earnings, beating expectations and increasing its cash flow as higher production offset the effect of lower energy prices.
July 30, 2019BusinessFuel
BP, Shell Both Claim to Be No. 1 in Investor Returns
Both BP Plc and Royal Dutch Shell Plc are claiming the top spot for investor returns within their peer group from 2016 to 2018. That’s an important metric — taking first place was a significant element in the doubling of Shell CEO Ben van Beurden’s pay last year.
March 29, 2019