The charge, along with a warning of lower returns from oil trading, shows the challenges awaiting incoming CEO Meg O’Neill.

The company had been a leader among the oil majors in shifting business away from fossil fuels and toward renewables.

Energy company also under pressure from worse oil trading performance and weaker oil prices ...

BP updates fourth-quarter 2025 and full-year guidance, lifts 2025 tax rate view, flags weaker price realizations, big ...

The expanding global BEV market offers opportunities in reshoring production in the US, reducing EU reliance on Chinese parts, and China's global expansion through partnerships and price competition.

BP has acknowledged for the first time that its struggling green energy businesses are worth far less than previously thought ...

The energy sector is in turmoil as oil prices continue their slide. Brent crude oil is at $61 a barrel, down 6% from last month and almost 27% below last year's price of $83 a barrel. While oil stocks ...

Oil major BP expects to book $4 billion to $5 billion in fourth-quarter impairments, mainly tied to its low-carbon energy ...

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 ...

BP is maintaining its strategy and focus on cost cuts, its interim CEO Carol Howle told an internal town hall meeting on ...

LONDON, ENGLAND — Agricultural chemical and seed company Corteva Inc. and global oil and gas company bp launched Etlas, a new 50/50 joint venture that will produce oil from crops — including canola, ...