BP shares fall as net zero plans trigger hit of up to $5bn Energy Oil giant BP has warned it will take a hit of up to $5bn in the final quarter of 2025 as the value of green energy projects withered. The FTSE 100 firm said it expects a write-down of between $4bn and $5bn (£3.7bn), as it rethinks its strategy for transition assets and partnerships in the [...]
BP: FTSE 100 giant replaces top boss after just two years Energy FTSE 100 oil major BP has replaced its top boss after just two years in the role as the energy giant targets a major turnaround. BP will swap out incumbent boss Murray Auchincloss, who has been in the role since the start of 2024, for Woodside Energy chief Meg O’Neil. Auchincloss will step down with [...]
Petroineos: Sir Jim Ratcliffe-backed energy giant loses $250m Energy Petroineos, the energy trading company backed by Sir Jim Ratcliffe, lost $250m (£187.5m) in 2024 as it slumped into the red for the first time since 2020, it has been revealed. The Jersey-based business has reported the pre-tax loss after posting a profit of $30m in 2023. The results for the previous financial year were [...]
BP shares jump after oil major ups dividend and launches buyback August 5, 2025 BP shares jumped on Tuesday despite the firm recording a hit to profit and revenue in the first half of 2025 as weaker oil prices and lower trading performance weighed on takings. The London-listed oil major posted total revenue of $95.6bn (£72bn), down from 2.7 per cent from the same previous last year, while profit [...]
Shell: FTSE 100 giant takes profit beat amid weak oil prices July 31, 2025 FTSE 100 juggernaut Shell posted a dramatic hit to earnings in the second quarter amid a volatile period for oil and gas prices. The London-listed oil major recorded $4.26bn (£3.21bn) marking a 32 per cent fall from the second quarter of 2024, where the firm pocketed $6.29bn. But Shell managed to scrape past an LSEG-compiled [...]
Shell and BP: FTSE 100 giants get analyst backing after oil surge June 18, 2025 FTSE 100 oil heavyweights are back in analysts favour after oil prices surged from the intensifying Middle Eastern conflict. BP and Shell shares have jumped around three per cent in the last week and climbed further as President Donald Trump weighed in on the attacks in Israel and Iran. Russ Mould, investment director at AJ [...]
Emergency declared in Crimea as oil spill reaches Sevastopol January 4, 2025 Officials in Moscow-occupied Crimea have announced a regional emergency after oil was detected on the shores of Sevastopol, the peninsula’s largest city. Fuel oil spilled out of two storm-stricken tankers nearly three weeks ago in the Kerch Strait, close to eastern Crimea – some 155 miles from Sevastopol, which lies on the south-west of the [...]