BP Plc said it will cut oil and gas output more slowly this decade after the supply disruption caused by Russia’s invasion of Ukraine boosted prices and delivered record profits. While the British company said […]
Some of the world’s largest oil and gas companies have declared the highest-ever profits since people started using petroleum, rewarding shareholders with higher dividends and share buybacks while spending relatively little of it on renewable […]
The world wants and needs energy that is secure and affordable as well as lower carbon. That’s what BP Chief Executive Bernard Looney said in a “To tackle that, action is needed to accelerate the […]
LONDON—BP PLC BP 0.58%increase; green up pointing triangle Chief Executive Bernard Looney plans to dial back elements of the oil giant’s high-profile push into renewable energy, according to people familiar with recent discussions. Mr. Looney has said he is disappointed in the […]
The deep rift between Russia and the West will have lasting impacts on the global energy system and result in lower long-term demand for oil and gas, according to a closely watched annual assessment from […]
UK-headquartered energy giant BP has unveiled its new energy outlook, highlighting the main trends and uncertainties surrounding the energy sector and the transition to low-carbon and green energy sources over the next three decades. With […]
ExxonMobil, Chevron, Shell, TotalEnergies, and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for […]
LONDON, Jan 24 (Reuters) – Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to […]
A former BP (LON: BP) chief executive has called for an end to “the demonisation of the fossil fuel industry by activists, politicians and the media”. In an op-ed in The Telegraph newspaper, Tony Hayward, who led the London-listed […]
bp announced today its 134MWdc (107MWac) Arche Solar project in Fulton County, Ohio is beginning construction, helping support the global transition to lower carbon energy. Arche is expected to create around 200 US jobs across the supply chain during […]
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