Investors are frustrated at the valuation gap between BP and its London-listed rival Shell, as well as US energy giants ...

BP is likely to reduce spending on low-emissions energy technologies like wind and hydrogen and try to boost oil and natural gas production, analysts say.

BP said profit fell more than expected and that it would reset its strategy, days after reports that activist hedge fund ...

The trend will affect oil majors such as Shell, BP and TotalEnergies in Europe and ExxonMobil and Chevron in the US. All five groups have big LNG businesses that have benefited from the whipsawing ...

Among the companies most affected, the analysts named Shell, BP, TotalEnergies, Exxon, and Chevron, all of which have big LNG trading businesses that have benefited significantly from the ...

BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to simplify and focus BP,” the statement noted. “We are strengthening ...

An icon of an mail envelope. A decentered black square over a white square. BP CEO Murray Auchincloss. BP (LON:BP) chief executive Murray Auchincloss sent a letter to all staff on Thursday setting ...

BP said. Abdul Ghani Al-Sawad also met with Shell’s chief executive Wael Sawan during his visit to London, with the Shell chief expressing the company’s “readiness to increase its ...

NEW YORK (Reuters) -A judge has dismissed New York City's lawsuit seeking to hold Exxon Mobil, BP and Shell liable for misleading the public about their products, and their commitment to renewable ...

BP, whose market capitalization was at $84.58 billion as of Thursday, is now valued at less than half of Shell. It also faces increasing competition from rivals that were once significantly ...

A judge has dismissed New York City's lawsuit seeking to hold Exxon Mobil, BP and Shell liable for misleading the public about their products, and their commitment to renewable energy and fighting ...

BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs ...