BP has been making headlines recently due to a series of significant events. The company's profits for 2023 declined to $13.8 billion from a record $27.7 billion in 2022, with fourth-quarter results surpassing market expectations. Additionally, BP faced challenges as its Whiting refinery in northwest Indiana experienced a power outage, leading to a temporary shutdown and worker evacuation. Furthermore, the appointment of Murray Auchincloss as BP's permanent CEO followed Bernard Looney's resignation over undisclosed relationships with colleagues, adding to the company's recent leadership changes.
BP, formerly known as The British Petroleum Company plc, is a British multinational oil and gas company headquartered in London, United Kingdom. It is one of the world's seven oil and gas "supermajors" and operates in all areas of the oil and gas industry, including exploration, production, refining, distribution, and marketing. BP has a global presence and is involved in various renewable energy initiatives as part of its commitment to transitioning to cleaner energy sources. The company has faced scrutiny and pressure from shareholders and activists regarding its green energy transition and plans for shareholder returns, reflecting the broader industry shift towards sustainability and environmental responsibility.
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Gross domestic product increased 0.6 percent in the first quarter, after shrinking the two previous quarters.
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Although chief executive Murray Auchincloss has left himself room to pump more oil and gas, renewables should start generating greater returns
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A major pipeline that would have moved natural gas through New Jersey and under two bays to New York has been killed
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Left-wing think-tank IPPR said Shell ‘can’t be trusted to drive the green transition’
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Ali died of cancer last year. He was 21. It was the thick smoke from one of the world’s biggest oilfields that made him sick, writes Hussein Julood
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Leigh-Ann Russell, BP’s chief technology and innovation officer, and Anja-Isabel Dotzenrath, head of gas and low-carbon since 2022, are leaving.
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Target is reportedly doubling bonuses for its salaried workers this year in a display of financial strength — despite a challenging year for the retailer during which it reported its first de…
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Tyler Loudon, a Houston man, pleaded guilty to insider trading after making $1.7-1.8 million in illegal profits by purchasing and selling stocks based on his wife's work conversations.
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BP's new CEO, Murray Auchincloss, is facing pressure from shareholders and activists over the company's green energy transition and plans for shareholder returns.
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BP's profits for 2023 declined to $13.8 billion from a record $27.7 billion in 2022, with the fourth-quarter results beating market expectations.
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Power has been restored at BP's Whiting refinery in northwest Indiana following an outage that prompted the company to temporarily shut down the complex and evacuate workers.
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BP appoints Murray Auchincloss as permanent CEO after Bernard Looney's resignation over undisclosed relationships with colleagues.
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Several major shipping firms are still avoiding the route after attacks related to the Israel-Gaza war.
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American ships and jets were called into action to counter a 10-hour-long attack on Red Sea shipping by Iran-backed Houthi forces in Yemen.
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Denmark's wind power will soon be connected to the UK's electricity grid via the Viking Link cable, initially powering up to 1.6 million British homes, with capacity set to rise to 2.5 million homes by 2025.
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The British Museum should be applauded for taking BP’s money
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BP CEO Bernard Looney steps down amid probe into his personal relationships within the company.
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BP's interim boss offers charity handout to pensioners amid dispute over below-inflation pension increases
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Private equity firm KKR has made a billion-dollar takeover bid for Smart Metering Systems, valuing the London-listed firm at about 40% more than its stock market value earlier in the week.
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Delegates at the Global Plastics Treaty talks in Nairobi have been criticized for failing to set legally binding targets and timeframes on plastic production and reduction.