BP downgraded to underweight by JPMorgan
BP BP, -0.24% was downgraded to underweight from neutral at JPMorgan, which cut its target price by 11% to 550 pence. “This year is revealing BP's cashflows as increasingly leveraged to wider stand...
BP (BP) Increases Yet Falls Behind Market: What Investors Need to Know
In the closing of the recent trading day, BP (BP) stood at $35.03, denoting a +0.78% change from the preceding trading day.
Ex-BP CEO Giving Up $40 Million After ‘Serious Misconduct' Led To Exit
Former BP chief executive Bernard Looney will have to forfeit more than $40 million in compensation—and return some of last year's bonus—the oil giant said Wednesday, after the company found he “kn...
BP clawing back $40M from ex-CEO Bernard Looney who had relationships with colleagues
Looney resigned in September after less than four years in the role for failing to fully disclose details of past personal relationships with colleagues.
BP's former boss Looney to forfeit £32m after ‘serious misconduct'
BP PLC (LSE:BP.) has said former Chief Executive Bernard Looney has been dismissed without notice after concluding he had "knowingly misled the board".
BP Questions US Regulator's Venture Global LNG Oversight
BP alleges that Venture Global is violating FERC disclosure rules and operating opaquely, affecting long-term customers.
BP challenges US energy regulator's oversight of Venture Global LNG plant
BP PLC has challenged U.S. energy regulators' approvals of a Venture Global LNG liquefied natural gas export facility, arguing the Federal Energy Regulatory Commission (FERC) has failed to enforce ...
The 3 Best Oil Stocks to Buy in December
If you think now is a bad time to consider adding oil stocks to your portfolio, think again. Sure, oil is currently in a downswing.
Exclusive: Venezuela prods BP, Chevron to revive gas project near Trinidad, Guyana
Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana, five people clo...
Oil price tests six-month lows as US production soars
Oil prices traded around six-month lows on Friday, with the talk of $100/barrel seeming a distant memory. Brent crude was trading around $75/barrel while West Texas Intermediate has pushed back ab...
BP Drills Oil Well at New Azeri-Chirag-Gunashli Platform
The latest achievement allows BP to meet its first oil production target for ACE and deliver it in early 2024.
BP starts drilling oil production well at new platform of Azeri-Chirag-Gunashli project
BP has started drilling the first oil production well from the new Azeri Central East (ACE) platform in the Azeri sector of the Caspian Sea, the company said on Tuesday.
Trinidad's Atlantic LNG restructuring to shrink Shell's stake, boost BP's -sources
Shell's ownership in Trinidad and Tobago's Atlantic LNG facility will shrink, while BP and Trinidad's state-owned National Gas Co [RIC:RIC:NGCTT.UL] will increase their stakes in a restructuring ag...
Why Is Brazil Joining OPEC+ and What Does It Mean?
Since the election of President Luiz Inácio Lula da Silva last year, Brazil has been working to repair the damage done to its economy by former leader Jair Bolsonaro. Yesterday, though, the country...
BP takes full control of solar subsidiary Lightsource in deal worth $254 million
BP has struck a £254 million deal ($321 million) to take full control of its renewables subsidiary Lightsource BP by buying up the remaining 50.3% stake in the company, which is now Europe's bigges...
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