BP is tearing up its own “fundamental reset” plan after just six months and cutting 1,500 more jobs as the struggling oil giant faces intense pressure to improve financial performance.

BP CEO Murray Auchincloss said the company was open to selling a portion of its Kaskida project in the U.S. Gulf of America—for a good deal.

The announcement was made alongside second-quarter results. BP reported adjusted profits of $2.4bn for the period, a third higher than analysts expected, and raised its quarterly dividend by 4 per ...

BP could sell off more assets in a fresh costs review, as the energy giant continues its push to improve profitability.

JERA form JERA Nex bp, a UK-based offshore wind venture with 13 GW in capacity, deepening UK-Japan ties and expanding clean ...

A potential partnership with Petrobras in developing BP's major oil find in Brazil’s Bumerangue block may hinge on carbon ...

Divestments are viewed as a key element of the overhaul. BP has made progress on a series of small disposals, and said it still expects to raise as much as $4 billion this year. However, it’s yet to ...

BP has unveiled plans to look for further cost cuts and conduct a “thorough” review of its portfolio, as pressure from shareholders intensifies. Chief executive Murray Auchincloss pledged that the oil ...

For too long, British oil company BP Plc denied, obfuscated and played down its troubles. The market and the media, rather than the company, was the issue. On Tuesday, the oil major took the first ...

Tightness in the market for refined fuels has been evident this summer in the Atlantic Basin, particularly in diesel.

BP gained after topping expectations for Q2 adjusted earnings and revenues, while continuing to cut costs and launching a fresh review of its business, saying it "can and will do better." ...

Shell has rejected reports its in talks to buy BP, but speculation continues to mount over potential bids. CEO Murray Auchincloss’s strategy reset in February has so far failed to impress investors.