The energy major is continuing with a strategic reset, cutting costs and selling some assets in a bid to reduce its burdensome debt.

ExxonMobil, BP and Vitol are shipping a record volume of oil products to Australia from the ‌U.S. in March, shipping data from trading sources shows, filling a gap left by the loss of regular volumes from Asia as the Iran conflict disrupts supplies.

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion. The energy company is seeking to boost earnings and shareholder returns and to regain investor ...

BP said its Azule Energy 50-50 joint ​venture in Angola with Eni has started ‌producing natural gas from the Quiluma field, part of the country's New Gas Consortium.

March 19 (Reuters) - BP said on Thursday it would sell its German oil refinery site in Gelsenkirchen to investment firm Klesch Group for an undisclosed sum and raised its cost reduction target, in the latest move to simplify its portfolio and shore up its balance sheet.

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. BP is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than ...

BP, the British oil major, said Wednesday it is refocusing the company on its core oil and gas business and reducing investments in clean energy. In a Wednesday news release, BP officials said the company would "fundamentally reset strategy” to improve ...

March 16 (Reuters) - BP said on Monday its Angola joint venture, Azule Energy, has started producing gas from the Quiluma field, part of the country's New Gas Consortium (NGC). NGC is Angola's first non-associated gas project,

FTSE 100 oil major BP has replaced its chief executive, Murray Auchincloss, after just two years, with Woodside Energy chief Meg O’Neil set to take the helm in April 2026. The appointment of O’Neil comes as BP faces significant pressure, including a £ ...

On February 27, 2025, FERC granted a complaint filed by BP Energy Retail Company California LLC (“BP Energy” or “Company”) under sections 206 and 306 of the Federal Power Act appealing a penalty the California Independent System Operator ...

BP moves back to central London as it chooses Bankside development for new global HQ - Energy giant will occupy at 15 storeys of the Ink building at Timer Square