BP and Shell profit set to slide on sluggish oil prices Energy BP and Shell are expected to post lower profits this week as the supermajors grapple with weak oil prices and a global slowdown in demand.
FTSE 100: BP, Shell and oil prices surge on assassination of Hamas leader in Iran Markets The FTSE 100 jumped over a hundred points on Wednesday morning, after the assassinations of two Hamas and Hezbollah leaders caused the index’s energy and commodities constituents to surge. Shares in BP and Shell both rose by between two and three per cent in early morning trading, helping the index as a whole to jump [...]
BP: Oil giant lifts dividend as it beats expectations in second quarter Energy Oil giant BP reported a stronger-than-expected net profit for the second quarter and raised its divided despite earlier warnings of lower refining margins.
BP shares slide four per cent after warning of £1.6bn impairment July 9, 2024 BP also said its second-quarter results, expected on July 30, will include post-tax adverse adjustments around what it called "onerous contract provisions. These are expected to be between $1bn and $2bn.
Disgraced former BP boss Bernard Looney plans Abu Dhabi comeback July 8, 2024 Former BP chief executive Bernard Looney is reportedly plotting a comeback in Abu Dhabi after he was dismissed last year over past relationships with colleagues.
Balfour Beatty: Key projects with BP, Equinor and Rolls-Royce help construction giant trade in line May 9, 2024 Balfour Beatty is forecasting an increase in profit and earnings in 2024 as progress continues on several major UK projects.
BP reports profit drop as lower oil prices hit earnings May 7, 2024 Murray Auchincloss, chief executive officer said: "We've delivered another resilient quarter financially and continued to make progress on our strategy."
Week ahead: JD Wetherspoons, BP, IAG and more train strikes May 6, 2024 The week ahead will also reveal Halifax's house price index, PMI construction figures and an interest rate decision from the Bank of England.
Watch: BP AGM thrown into chaos as climate and Palestine protesters arrested April 25, 2024 Last month, Free Palestine supporters stormed the stage at London's International Energy Week Conference during a panel with BP representatives.
BP to cut top team as major restructure plans revealed April 18, 2024 BP is to cut its executive leadership team as part of a restructure which it said will help "reduce duplication and reporting line complexity".