Big Oil commits to Big Returns for shareholders as profits keep flowing February 10, 2024 In an era when big oil needs to keep investors happy - how far can buybacks go?
BP eyes value over volume as new chief sets out his ambitions February 6, 2024 BP CEO Murray Auchincloss said the firm will be "super focused" on returns
‘Too early to tell’ the financial hit as BP rig downs tools after pipe goes AWOL February 6, 2024 A gigantic oil rig performing sub-sea drilling for UK supermajor BP has malfunctioned in bad weather, reports suggest. Upstream Online has said that the semi-submersible rig known as Ocean GreatWhite, “unintentionally” dropped its riser to the seabead and subsequently lost it amidst bad weather. A riser is a large-diameter pipe that helps transport mud taken [...]
BP promises bumper share buyback as new boss hails profit beat February 6, 2024 BP has increased its buyback programme to $3.5bn for the start of 2024
Oil giant BP names first female CFO ahead of 2023 results February 2, 2024 Since September last year, Kate Thomson served as interim chief financial officer when the previous incumbent-now chief executive Murray Auchincloss stepped up to the interim leader position.
Yemen’s Houthi Red Sea attacks and fresh Jordan violence weigh on oil as Middle East unease widens January 29, 2024 Trafigura is the latest major commodity shipper to be targeted by Houthi rebels
‘More cash than we know what to do with’: The big questions for BP’s new chief Murray Auchincloss January 17, 2024 Murray Auchincloss, chief executive officer of BP Plc, during a panel session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, on Monday, Oct. 2, 2023. The annual strategic energy conference runs from Oct 2-5. Photographer: Christopher Pike/Bloomberg via Getty Images
Shell vs. BP, which will have the better 2024? December 25, 2023 Both oil majors are facing crucial periods of scrutiny as spotlights return to net zero targets
Petrol prices could jump after Red Sea attacks send oil prices surging December 20, 2023 Longer oil transportation times could affect Christmas motorists
BP’s £50m sponsorship deal with British Museum angers climate groups December 19, 2023 The sponsorship has attracted heavy criticism from climate activist groups