BP
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BP's Profits Plunge by 70% in Q2 Amid Weak Oil Prices, but Dividends Hike by 10%
Even the giants are not spared! BP, the British oil behemoth, announced on Tuesday a near 70% drop in profits in the second quarter, due to weaker oil prices compared to the previous year. Even the giants are not spared! BP, the British oil behemoth, announced on Tuesday a near 70% drop in profits in the second quarter, due to weaker oil prices compared to the previous year. -
BP Reports Strong Q3 Profits Amid Biden Warning On 'War Profiteering'
The recent earnings report by oil and gas giants has triggered renewed calls for higher taxes. The recent earnings report by oil and gas giants has triggered renewed calls for higher taxes. -
Shell Exits Russia, Joins BP As Oil Titans Condemn Ukraine Invasion
Shell said exiting Russian joint ventures will result in impairments. Shell said exiting Russian joint ventures will result in impairments. -
Nearly A Third Of UK Gas Stations Are Out Of Fuel
Transport Minister Grant Shapps appealed to the public to avoid hoarding fuel as it is contributing to the lack of supply. Transport Minister Grant Shapps appealed to the public to avoid hoarding fuel as it is contributing to the lack of supply. -
BP Paying $1.1 Billion For 50% Stakes In U.S. Offshore Wind Farm Operators
The deal is the latest by BP as part of its strategic overhaul and plan to reach net-zero emissions by 2050. The deal is the latest by BP as part of its strategic overhaul and plan to reach net-zero emissions by 2050. -
BP Exits Petrochemical Business Through $5 Billion Deal
BP has reached an agreement to sell its entire petrochemical business to UK chemical company Ineos for $5 billion. BP has reached an agreement to sell its entire petrochemical business to UK chemical company Ineos for $5 billion. -
BP Expects Continued Low Global Oil Prices, Writes Off $17.5 Billion In Assets
BP expects oil prices to continue to decline through to 2050 as the world's transitions to low-emission fuel sources and energy systems. BP expects oil prices to continue to decline through to 2050 as the world's transitions to low-emission fuel sources and energy systems. -
BP To Reduce Workforce, Affecting 10,000 Jobs Worldwide
Most of the jobs that will likely be affected by the cost-cutting measure will be redundant positions at BP's headquarters in the UK. Most of the jobs that will likely be affected by the cost-cutting measure will be redundant positions at BP's headquarters in the UK. -
COVID-19 Crisis Leads to 67% Plunge in BP Q1 Net Profit
BP posts a 67% plunge in net profit as COVID-19 batters their margins and cripples its customers. BP posts a 67% plunge in net profit as COVID-19 batters their margins and cripples its customers. -
Oil Giant BP Sees 21% Profit Plunge In 2019
Oil and energy multinational BP sees huge profit plunge as oil prices weaken. Oil and energy multinational BP sees huge profit plunge as oil prices weaken.