For many decades, BP Plc and Shell Plc were the closest of rivals — equivalent in size, with matching clout in energy markets ...

BP ’s investments in low-carbon ventures added to the financial strain. The dismal results coincided with reports that ...

The Justice Department and five states on Monday announced a $20 billion final settlement of claims arising from the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. BP has reached an $18.7 ...

After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

The oil and gas giant is expected to reverse course on renewable energy commitment due to decreased profits and a shifting ...

BP Plc’s dramatic under-performance compared with other oil majors has reached a crunch point — a looming showdown with one ...

At the headquarters of Elliott Management in New York, the hedge fund’s energy team now has T-shirts with “Gulf of America” printed on them, including one with a picture of Donald Trump as a pirate, ...

BP shares have dropped almost 8%, compared with a gain of about a third for its closest rivals Shell and TotalEnergies.

He and other volunteers were tasked with shoveling away the oil-drenched sand, but “the scale is just too big,” he said. Two weeks into the new year, and four weeks after the spill ...

BP has told 39,000 employees that their annual cash bonus will be paid at just 45 per cent of target after a year of poor ...

It is nearly five years to the day since Bernard Looney, the then new chief executive of BP, set out a radical strategy for the oil major to go net zero by 2050. Under that strategy, BP would ...