BP made a big deal of repositioning itself as “Beyond Petroleum”. Then-CEO John Browne’s attempt to embrace lower-carbon ...

To get an immediate sense of relief, Auchincloss will have to address investors’ most pressing worries: BP’s net debt and share buybacks. The former, at about $50bn when factors such as leases and ...

British Petroleum (BP) might spend up to $25 billion over the course of a project to develop four oil and gas fields in Kirkuk.

BP has been falling behind its peers for years. If it doesn’t narrow the gap, its days as an independent company could be ...

The energy major's 2024 profit came in under forecasts and fell compared with 2023 due to lower oil and gas prices and lower ...

BP, the U.K.-based oil company, is implementing a global cost-saving strategy that includes eliminating 4,700 jobs and cutting an additional 3,000 co ...

Results from Rhino Resources’ well could be unveiled soon as state oil company updates all Orange basin activities ...

It has also run through a few chief executives, the latest being Murray Auchincloss, who has just had to postpone a long-awaited strategy update for investors next month to recover from a medical ...

BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the ...

Sources close to the company say there is growing frustration over the firm's direction, adding that the investor update on February 26 is now a 'huge day for him personally'.

LONDON – BP is eliminating 4,700 positions, about 5 per cent of its workforce, and more than 3,000 contractor jobs, chief executive Murray Auchincloss told staff on Jan 16 as the London-based ...

Stocks broadly got a lift this week from an encouraging report on U.S. inflation, which raised hopes that the Federal Reserve may deliver more interest rate cuts this year. Wall Street has been ...