Members of a BP pension scheme have criticised the supermajor over its decision to block requests for a bump in payments to match soaring inflation, amid fears the fund could be sold off.
BP (LON: BP) has reported first quarter 2023 profits of $5bn, as more cash is pushed towards shareholder returns.
Campaigners are calling for a windfall tax on the pay of chief executive after two oil bosses pocketed almost £20 million in 2022.
As the sound of climate protesters reverberated through the conference room, BP (LON: BP) Chief Executive Officer Bernard Looney made the case that investment in more oil and gas is crucial for the transition away from those very fuels.
Weeks after a former BP CEO said the sector was being “demonised”, employee pride at the oil giant is, in fact, higher than ever, according to its current boss.
BP (LON: BP) hit record profits in its 2022 results at a whopping $27.7bn, and announced it is slowing down the pace of its withdrawal from oil and gas.
BP and Kosmos Energy will present a plan of development for the Yakaar-Teranga this year and reach a final investment decision, a Senegalese official has said.
A senior figure in the Ukrainian Government has urged BP (LON: BP) to severe its relationship with Rosneft (MM: ROSN), or “risk complicity with Russia’s war crimes”.
BP has signed a memorandum of understanding (MoU) to explore green hydrogen opportunities in Mauritania, where the company is also working on major LNG export plans.
The energy industry’s job is to “pay our taxes” and invest, BP (LON: BP) CEO Bernard Looney told attendees at the Adipec conference today.
BP plans to triple its number of offshore wind-farm workers as it expands the business to reach its green goals.
Energy bosses have been paying tribute to “class act” Ben van Beurden after news broke that he would be stepping down as chief executive of Shell (LON: SHEL).
Figures from the energy industry have added their voice to mourners around the world following the death of the Queen.
BP’s (LON:BP) chief executive has defended the company’s share buyback and dividend plans as campaigners criticised its record quarterly profits as "obscene".
Oil giant BP (LON:BP) again reported bumper second-quarter profits, which ballooned to more than $8.4 billion, but estimates it will pay an extra $800 million by the end of 2025 in the wake of the UK’s windfall tax.
BP’s UK head said the government’s energy profits levy was unlikely to affect its North Sea investment plans, following confirmation that the measures would cease in December 2025.
ADNOC, the UAE’s largest energy firm, has acquired a 25% stake in the BP H2Teesside project.
A windfall tax could crimp investment in the UK’s energy system, said the chief executive of BP.
BP has announced plans to invest £18 billion in the UK energy system by 2030, with the North Sea at its heart, days after calls were once again raised for an oil and gas windfall tax.
“Exceptional” oil and gas trading meant BP (LON:BP) raked in healthy profits in the first three months of 2022.
The CEO pay packets of Europe's oil supermajors continue to trail that of their American counterparts, as Energy Voice explores earnings amongst the sector’s top execs.
BP (LON:BP) chief executive Bernard Looney has secured a £4.5 million payday in the wake of the supermajor’s bumper 2021 profits.
Boris Johnson has hosted the leaders of the UK oil and gas industry at Downing Street to discuss how to achieve “greater energy independence” for Britain.
BP and Eni have reached an agreement to combine their Angolan businesses in a 50:50 joint venture.
BP, TotalEnergies and ConocoPhillips executives have held talks with Libya’s National Oil Corp. (NOC) on the sidelines of the CERAWeek conference, in Houston.