BP has proposed a six-year labor contract with United Steelworkers Local 7-1 for its Whiting refinery, aiming to provide stability and aligning wage increases with the National Oil Bargaining Program.
BP completed the sale of its Gelsenkirchen refinery to Klesch Group, reducing annual operating costs by $1 billion as part of a strategic portfolio simplification in the European energy sector.
BP initiated the sale of its North Sea oil and gas assets to raise $20 billion and reduce debt amid energy transition efforts. This move ends over 60 years of operations in the region while ensuring s
BP completed the sale of its Gelsenkirchen refinery to Klesch Group, expecting a $1 billion reduction in operating expenditure. This transaction supports CEO Meg O'Neill's strategy to simplify operati
BP has initiated a formal sale process for its North Sea oil and gas business to streamline operations and reduce debt. This move concludes over 60 years of production in the region under new leadersh
BP and ConocoPhillips announced a partnership to redevelop Iraq's Kirkuk oil fields, targeting over 3 billion barrels of oil equivalent. This deal marks ConocoPhillips' return to Iraq after a decade-l
BP and ConocoPhillips plan to announce billions in new investments in Iraq's energy sector at the U.S.-Iraq Business Summit. The initiative aims to bolster regional energy security and reduce reliance
BP transfers nearly 40% stake in Canada's Bay du Nord oil project to Equinor to simplify its portfolio, with production expected to begin in 2031.
BP confirmed Deputy CEO Carol Howle will retire, succeeded by Sam Skerry in supply and trading. The move follows new CEO Meg O'Neill's appointment amid ongoing leadership restructuring.
BP has started selling minority stakes in its Kaskida and Tiber Gulf of Mexico oil projects, valued at billions, as new CEO Meg O'Neill refocuses on upstream investments. Production from these assets
BP investors seek details on former chair Albert Manifold's ousting due to governance concerns, while CEO Meg O'Neill advances a restructuring plan splitting the company into upstream and downstream u
BP holds advanced talks to sell UK North Sea assets to Ithaca Energy for nearly £2 billion. As part of a broader restructuring, the company aims to divest $20 billion of assets by 2027.
BP agreed to sell a 5% stake in its Browse LNG project to South Korea's GS Energy, reducing its holding to 39% in Woodside's $35 billion development.
BP ousted chairman Albert Manifold reportedly clashed with director Simon Henry over handling of sensitive deal talks, per the Wall Street Journal. Manifold disputes his removal, claiming Henry overst
BP dismissed chairman Albert Manifold after revelations he met activist Elliott Management without informing the board, causing share declines and renewed scrutiny over governance during a critical tu
BP will become the operator of the Babek offshore natural gas field in Azerbaijan following an agreement with SOCAR, scheduled for announcement on June 1. The project holds estimated reserves of 400 b
Ousted BP chair Albert Manifold disputes his removal amid governance concerns, as the company continues its strategic shift toward fossil fuel extraction under interim leadership.
BP has dismissed chairman Albert Manifold citing governance and conduct concerns, appointing Ian Tyler as interim chair. The move comes as the oil supermajor faces falling demand and reduced earnings
BP's board dismissed Chairman Albert Manifold citing governance concerns, appointing Ian Taylor as interim. This follows recent leadership instability and strategic shifts at the energy giant.
BP has removed its chairperson due to unacceptable governance oversight and conduct issues. Meanwhile, UK petrol prices have surged to record highs amid tensions related to the Iran war.
BP removed chair Albert Manifold over governance concerns and appointed Ian Tyler as interim leader. The decision coincides with the company's strategic shift back to fossil fuel extraction.
Former BP Chairman Albert Manifold disputes his sudden dismissal over governance concerns, sending shares down 4%. This leadership change intensifies the oil giant's ongoing turmoil as it attempts to
BP removed Chairman Albert Manifold citing governance and conduct issues. Analysts suggest this leadership churn raises concerns about the company's strategic turnaround and stability following recent
Bayer and BP partner to scale Camelina biofuel production, combining seed tech and refining expertise to meet rising demand for renewable fuels like sustainable aviation fuel by 2040.
BP intends to finish a three-well appraisal for the Bumerangue project in Brazil's Santos basin by H1 2027, scheduling rig movement between late 2026 and early 2027.
BP and Venezuela agreed to explore offshore natural gas, supporting Venezuela's energy revival and BP's reserve growth strategy. The deal reflects growing interest from European oil majors in the regi
BP executives prioritize balance sheet repair over share repurchases despite soaring profits driven by oil trading and market turmoil. The company plans to pay down debt and reduce hybrid bonds, suspe
Shareholders revolted against BP's board, challenging its plan to increase oil and gas production while weakening climate disclosures and alignment with fossil fuel transition goals.
BP's Whiting refinery lockout enters its second month as union negotiations stall over job cuts and wages, potentially exacerbating tight fuel markets amid Middle East conflicts.
Algeria granted BP prospecting rights in its eastern basin to explore underexplored hydrocarbon resources through preliminary surveys. This initiative aims to attract international investment and asse
BP has agreed to sell its Gelsenkirchen refining and petrochemicals complex to Klesch, including the integrated site and two naphtha crackers. The transaction value remains undisclosed.
BP accelerates upstream oil and gas expansion, targeting 500,000 boepd shale production this year amidst a strategic shift from green energy driven by shareholder pressure. Plans include 10 new major
BP sold its majority stake in Castrol lubricants to Stonepeak for $6 billion, valuing the unit at $10.1 billion. The company supplies lubricants to customers in 150 countries.
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