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.

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

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 ...

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

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 ...

BP has a long way to go, but its quarterly profits show the British oil giant is heading in the right direction.

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

BP considers teaming with Petrobras to develop its biggest oil discovery in 25 years despite high CO2 levels raising ...

The Cook government is working to help salvage a massive green hydrogen play in the Pilbara after energy giant BP pulled out ...

BP will review its portfolio of assets and consider further cost cuts as part of a drive to do better for shareholders, the oil major said on Tuesday, as it reported a second-quarter profit that ...

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 ...