BP

BP boosted its dividend and share buybacks after beating expectations with a $2.8 billion second-quarter profit poweredby higher oil prices and recovering demand. The results bolster CEO Bernard Looney’s plan to shift away from oil and...

BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid...

BP says it is planning to lay off 10,000 jobs following a global slump in demand for oil due to the coronavirus crisis. The company had paused redundancies during the peak of the pandemic but told employees yesterday that around 15%...

British oil and gas giant BP is buying $10.5bn (£8bn) of US shale assets as the higher oil price makes new extraction techniques more attractive again. BP’s purchase is its largest acquisition since the Deepwater Horizon...

BP held out the prospect of a first dividend increase since 2014 on Tuesday, after first-quarter profits beat forecasts thanks to rising oil and gas prices and production. Chief Financial Officer Brian Gilvary said the London-listed...

BP opened seven new oil and gas fields during 2017 and its oil production rose 12% to 247 million barrels of oil per day. BP’s annual profits more than doubled in 2017, largely thanks to the...

BP has large operations in oil and gas production in the Gulf of Mexico and onshore shale operations as well as refineries that can process up to 746,000 barrels per day of crude oil. BP will...

News Hour: Iran has extended a deadline for bids on oil and gas projects, urging Britain’s BP to join major international companies that have already applied, local media reported on Saturday. The bidding round for exploration...

News Hour: Ten global oil and gas companies on Friday announced they will invest $1 billion (900 million euros) in low-carbon-emission technologies to help combat climate change. BG Group, BP, Eni, Pemex, Repsol, Saudi Aramco, Reliance...