#bp

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Business
fromwww.theguardian.com
1 week ago

BP to ramp up asset sales as it reports fall in profits

BP will accelerate asset sales and cost-cutting, aiming to dispose of $20bn by 2027 after reporting a $2.2bn quarterly underlying profit.
fromFortune
3 months ago

Embattled BP beats on earnings as it touts selling oil, not cups of coffee, poking fun at its former CEO

"BP is much less interested in telling the public about the number of coffees it sells each year and is now focused on how much oil it can extract," Brooks said, poking at former CEO Bernard Looney.
Business
fromIrish Independent
3 months ago

New BP chair Albert Manifold to 'review entire portfolio'

BP's new chairman, Albert Manifold, will initiate a comprehensive review of the company's portfolio to identify areas for cost reduction and improvement in performance.
Business
Miscellaneous
fromwww.theguardian.com
3 months ago

BP begins costs review as quarterly profits of 1.77bn beat forecast

BP initiates new cost-cutting efforts despite exceeding profit expectations to satisfy shareholder demands and counter pressure from activist investors.
fromwww.theguardian.com
3 months ago

BP appoints new chair to oversee shift back to fossil fuels

BP has appointed Albert Manifold as the new chair of the company. Manifold will join the board on September 1 and take over from Helge Lund on October 1.
Business
fromFortune
3 months ago

BP sells American wind business to LS Power as it continues its renewable retreat

"We have been clear that while low-carbon energy has a role to play in a simpler, more focused BP, we will continue to rationalize and optimize our portfolio to generate value."
US news
fromwww.theguardian.com
3 months ago

BP agrees to sell US onshore wind business as it shifts back to oil

BP's plan involves selling off its onshore wind business and other assets worth $20 billion to streamline operations after their unsuccessful attempt at transitioning to a net-zero energy company.
US politics
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Environment
fromtime.com
6 months ago

There's a Climate Showdown Ahead for Big Oil Investors

Nearly a quarter of BP's shareholders opposed the chairman, highlighting a pivotal moment for corporate climate strategy.
Environment
fromwww.theguardian.com
7 months ago

BP dropped its green pledges and turned back to oil. Now the price of crude has collapsed

BP faces deepening challenges beyond Trump issues, including internal strife and activist investor pressure as it pivots from green energy back to fossil fuels.
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