BP’s chief executive, Bernard Looney, said on Tuesday that the company would pare back its plans to reduce oil and gas production in the coming years, a move that would result in higher-than ...

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 ...

BP's second-quarter profit slumped 70% from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy giant to boost its ...

BP named Looney CEO in February 2020 and, three months later, the board said, it learned he had previous personal relationships with company colleagues. The information, the company said, came ...

“BP has lost its way in recent years,” wrote Mr. Kelty, who is also a former BP employee. The most recent series of missteps followed the appointment of Bernard Looney as chief executive in 2020.

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.

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's stock price jumped as much as 10% after the Wall Street Journal reported that rival Shell is in early talks to acquire the British oil company. Shares of BP jumped $3.11, or 10%, to $32.94 in ...