21 articles
BP CEO Meg O'Neill announced asset disposals including North Sea operations and biogas unit Archaea to accelerate debt reduction amid record oil profits. She advised the UK government that domestic No
BP CEO Meg O'Neill announced a strategic pivot to abandon the 'supermajor' label, focusing on core assets rather than global footprint expansion. The company is simultaneously selling its UK North Sea
BP reports strong buyer interest in its North Sea assets following CEO Meg O'Neill's announcement of the sale process. The decision stems from UK policy changes and capital allocation strategies.
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 plans to sell its UK North Sea oil and gas assets under new CEO Meg O'Neill's strategy to improve profitability amidst declining regional output and tax concerns. This move aligns with broader indu
BP is in advanced talks to sell its solar arm Lightsource to a Kuwait-backed consortium, marking a strategic pivot back to oil and gas. This divestment aligns with CEO Meg O'Neill's $20 billion plan t
BP CEO Meg O'Neill announced a strategic shift to prioritize financial discipline and cut capital spending, refocusing the company on core oil and gas investments following an unsuccessful push into r
BP CEO Meg O'Neill plans to streamline operations by simplifying the company into upstream and downstream units to handle supply disruptions from the Middle East conflict. Elevated oil prices provide
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.
Sarah Bairstow, president of Woodside Energy's $17.5 billion Louisiana LNG project, has abruptly departed shortly after hiring. This leadership shakeup occurs amid global LNG supply tensions and follo
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 CEO Meg O'Neill reorganized leadership structures to refocus the company on oil and gas operations following recent boardroom turmoil. The overhaul aims to clarify accountabilities and accelerate d
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 is reorganizing into upstream and downstream units, prompting gas and low carbon chief William Lin to depart in Q3. CEO Meg O'Neill aims to simplify operations and refocus on core oil and gas busin
BP ousted chairman Albert Manifold denied allegations of misconduct following his removal, while the company reaffirmed its fossil fuel strategy under CEO Meg O'Neill. An interim chair has been appoin
BP Plc removed Chairman Albert Manifold over governance concerns, causing shares to fall 6.4%. The board supports CEO Meg O'Neill's strategy to refocus on core oil and gas operations.
BP is reportedly considering selling natural gas assets in Egypt to cut debt and refocus operations under new CEO Meg O'Neill, following a significant drop in local production volumes.
BP plans to sell stakes in two flagship carbon capture projects and reduce exposure to the Northern Endurance Partnership as it retreats from its green agenda under new CEO Meg O'Neill. This signals a
BP CEO Meg O'Neill announced a restructuring into upstream and downstream units starting in June, refocusing on oil and gas investment. The plan aims to simplify the organization after investor critic
BP is reviewing its UK North Sea upstream operations for potential divestment worth around £2 billion, part of a broader $20 billion asset reduction strategy aimed at improving its balance sheet under
BP Plc reported adjusted net income more than doubled to $3.2 billion in Q1, driven by surging oil trading profits amid the Iran conflict. This financial boost aids CEO Meg O'Neill in addressing debt
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