British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices. The beleaguered oil and gas major posted ...

Shell's rumored interest in acquiring BP made sense due to BP's underperformance and Shell's stronger financials and strategy. BP's aggressive green energy pivot weakened its core business, while ...

Expected to start operation 2026, the project will rise next to BP's refinery in Castellon and is meant to replace the refinery's gray hydrogen with green hydrogen. BP PLC and Iberdrola SA have begun ...

BP's strategy reset focuses on increasing oil and gas production, reducing low-return green investments, and improving cost efficiency to enhance shareholder returns and reduce debt. The company plans ...

British oil giant BP posted underlying replacement cost profit, used as a proxy for net profit, of $1.4 billion for the first three months of the year. That missed analyst expectations of $1.6 billion ...

The company now sees global oil demand peaking in the mid-2030s instead of before 2030. BP: declines are coming only gradually, driven by efficiency gains and EV adoption but offset by petrochemicals.