BP signs £8 billion energy deal in Egypt
By Michael Georgy British oil company BP finalised on Saturday a £8.13 billion deal with Egypt to develop five trillion cubic feet of gas resources and 55 million barrels of condensates in the West...
View ArticleBP eyes more spending cuts after 80 per cent profit drop
BP said on Tuesday it could cut capital spending further after reporting an 80 per cent drop in profits in the first quarter of the year, when oil prices touched a near 13-year low. The British oil...
View ArticleStrong role for gas in fast-changing energy outlook
By Charles Ellinas Rising prosperity will drive an increase in global energy demand by 2040, according to BP’s global Energy Outlook, covering energy transition from 2018 to 2040. In its February...
View ArticleRobust growth in renewables, but big challenges remain
BP has warned that while rebalancing of oil production and demand led to a strong recovery of oil prices in 2017 this is a short-term effect that is unlikely to persist. In its annual Statistical...
View ArticleBP’s Review of World Energy reflects rising global concerns
BP published its annual Statistical Review of World Energy report in London on June 11 – this records world energy developments in 2018. In his introduction, Bob Dudley, BP’s chief executive, made a...
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Energy prices lift BP profits to 8-year high
BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and accelerated plans to cut emissions with increased spending on...
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BP quits Russia in up to $25 billion hit after Ukraine invasion
BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move yet by a Western company...
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BP boosts buybacks as profit soars to highest in over decade
BP (BP.L) boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy company took a $24 billion charge after...
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