10 articles
BP Plc reached its 2027 net debt target early, boosted by soaring oil prices and strong trading and refining performance amid geopolitical tensions. Significant impairment charges were reported in its
BP Plc's North Sea assets attract bidders like Adura and NEO Next+ as the company exits the region amid UK policy challenges, with potential valuation near £2 billion.
BP Plc appointed Ian Tyler as chairman following the abrupt removal of predecessor Albert Manifold amid governance concerns. Senior independent director Amanda Blanc will step down from the board duri
BP Plc plans to sell its UK North Sea business worth $2 billion, marking a critical moment for the country's oil and gas industry. New Prime Minister Andy Burnham faces pressure to balance fossil fuel
BP Plc initiated a sale process for its North Sea business, potentially worth £2 billion, to streamline its portfolio and focus on core operations. The divestment includes plans to cut 700 jobs amidst
BP Plc anticipates a $1 billion writedown on energy transition assets as it pivots back toward core oil and gas operations under new leadership. The company also reported reduced debt despite lower ov
BP Plc has agreed to sell a 5% stake in its Browse natural gas project to South Korea’s GS Energy Corp, retaining a 39.33% working interest. The deal supports Asian liquefied natural gas importers div
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.
Bayer AG and BP PLC formed a strategic alliance to scale camelina production for biofuels, targeting North America first. The collaboration leverages Bayer's seed technology and BP's refining expertis
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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