BP has been in a state of flux in the wake of the scandalous exit of former CEO Bernard Looney.. Looney resigned in September 2023 due to his failure to fully disclose past personal relationships ...

BP says “transition businesses” were about 30 percent of $16.3 billion in total investments in 2022. Stanley Reed has been writing from London for The Times since 2012 on energy, ...

BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...

BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...

At its February strategy update, BP said it assumed Brent prices would average $71.5-$74.4 a barrel between 2025-2027, while benchmark Henry hub gas prices would be $4.1-$4.3 per million British ...

A potential Shell (SHEL) and BP (BP) merger is on investors' minds after The Wall Street Journal reported Shell is in early talks to acquire BP, though Shell has denied the report. Tortoise senior ...

BP said it would increase oil and gas investment 20 percent, to around $10 billion per year, helping output to potentially grow modestly by 2030. At the same time, ...

Shell doubled down on its denial of acquiring rival BP, claiming it has “no intention” of making an offer while invoking a U.K. law that forbids Shell from bidding on BP during the next six ...

BP’s statement that it will reduce its carbon footprint in exploration and production by 35% to 40% by 2030 is consistent with its goal of cutting oil production by 40%, or 1.0 million barrels ...

Shell denied that it was in talks to buy BP after the Wall Street Journal reported Wednesday that the oil major was in early discussions over a takeover of its British rival.

The Rumor That Made Sense. When I first saw the headline that there were merger talks about Shell plc (NYSE:SHEL) and BP p.l.c. (NYSE:BP), I didn't roll my eyes.I paused. Because even though the ...