The Cool Down on MSN13h
Major oil company caves to investor pressure and abandons ambitious goals — here's the new direction
The corporation had already ditched its goal to reduce oil and gas output by 2030. Major oil company caves to investor ...
Shell might be BP and UK government’s white knight
In this new era of energy nationalism, the British government will want to keep an oil and gas company like BP based in the ...
Energy Intelligence1d
BP Sets Pace in Majors’ Divestments Race
The value of the five Western majors' divestments last year rose by one-third from 2023 — and many more assets will be put on ...
Investors Chronicle2d
The commodities buccaneers boosting your dividends
The potential rewards for those high climbers are impressive: Vitol made profits of $13bn (£10bn) in 2023, according to various media outlets, and $15bn in 2022, when Russia’s invasion of Ukraine sent ...
HazardEx2d
BP cuts renewable energy investments to focus on oil and gas
BP announced a “fundamental reset” of its strategy on 26 February whereby it will cut investment in renewable energy and ...
BP Intends to Sell Half of Lightsource BP, Bids Due in June
BP plans to sell 50% of Lightsource BP to a strategic partner, with bids due in June. This is part of its strategy to cut ...
Trump administration sends a clear message to the oil and gas industry: ‘You're the customer'
The officials leading Trump’s energy agenda downplayed climate change and called for more energy production to support ...
Climate action is becoming less of a priority around the world. Trump isn't helping
The emphasis on climate action and transitioning to cleaner energy has waned in recent years as more emphasis is being placed ...
Here's How Oil Demand is Evolving in the Post-Pandemic World
The strong demand for oil and gas has prompted major energy companies like BP, ExxonMobil, and Chevron to reevaluate their ...
BP plans to sell half its solar arm as the oil giant attempts to win over activist investor Elliott
Pressure is building on BP chief exec Murray Auchincloss (pictured) following reports that Elliott was disappointed with his ...
The Trump effect heads abroad. European CEOs are getting ousted.
As President Donald Trump ramps up his trade war with the rest of the world, there’s a message for the CEOs of European companies that have struggled to keep up with U.S. peers: Time’s up.
BP seeks to sell 50% of solar unit to strategic partner, bids due in June
London-listed BP is planning asset sales and partnerships as part of a broader plan to address investor concerns. The energy ...