Weather Tonight: 2°c Mostly cloudy Morning: 5°c Cloudy

News

RSS

BP plc

Latest articles

Astra brought low as 'lack of innovation' proves a worry

24.10.11
Investors in AstraZeneca were left with a bitter pill to swallow amid talk that a lack of innovation at the drug-maker could prompt it to shrink and even be taken over... more

BP strikes £2.5bn deal with US partner over Gulf spill

17.10.11
Shares in BP rise 5% as the oil major receives a $4 billion (£2.5 billion) settlement from one of its partners in the Gulf of Mexico to help pay for last year's Deepwater Horizon disaster that killed 11 men... more

Go-ahead for £4.5bn North Sea exploration project

13.10.11
BP is given the green light to press ahead with a new £4.5 billion exploration project west of the Shetland Islands, taking the oil major's development work in the North Sea to the highest level in its history... more

Cheers! The City toasts SABMiller, as BP struggles with the black stuff

06.10.11
Frothy bid chatter meant investors were raising a pint to SABMiller today following rumours suggesting the Grolsch brewer could be in line for a mega-merger... more

Cameron woos Russia in wake of BP setback

12.09.11
Weeks after Kremlin officials crushed BP's hopes of a £10 billion exploration tie-up, David Cameron calls for stronger business ties between Britain and Russia... more

Logica given a fillip as it takes its turn in 'Guess the suitor'

08.09.11
"Guess the suitor" seems to be the top game among traders this week. Yesterday, Regus rocketed on speculation of interest from an unknown party, and today it was the turn of Logica.... more

New Russian blow for BP as officials raid Moscow office

31.08.11
BP reacted with fury today after Russian bailiffs raided its Moscow offices, hours after Kremlin officials crushed the British oil major's hopes of a tie-up by signing an exploration pact with rival ExxonMobil... more

BP struggling in North Sea recruitment drive

15.08.11
A shortage of skilled engineers is threatening to hamper efforts by BP to boost production in the North Sea, a senior executive has said... more

Bowleven still on the slippery slope despite talk of a suitor

08.08.11
Whispers that Bowleven has attracted a suitor weren't enough to stop the sell-off in its shares... more

Shell powers ahead by 77% to turn up the heat on BP

28.07.11
Royal Dutch Shell pile more pressure on struggling rival BP as it unveils a massive 77% surge in profit to $8 billion (£4.9 billion) during the three months to July... more

Bob Dudley's 'honeymoon over' as BP shares fall 30% since spill

26.07.11
BP shares fall as the oil major, which is still suffering the after-effects of the Gulf of Mexico disaster and flailing around for a new strategy, misses second-quarter profit expectations... more

BP's under-par profits fuel demands for a break-up

25.07.11
BP chief executive Bob Dudley is facing growing pressure to consider a radical break-up of the troubled oil giant, whose earnings are set to lag behind rivals... more

Here's how firms can learn from Murdoch

19.07.11
Think of the fortune they must have spent on risk control at News International down the years and look at the mess the company is in now. It is hard to believe they got value for money... more

Tears again soon in this mad rush for quick bucks

18.07.11
The shrinks say it takes seven years for humans to forget a major shock or loss and move on. In the City, that's traditionally meant it takes seven years for investors forget the really dumb stuff they did that led to the last crash... more

Another blow for BP in US as pipe ruptures in Alaska

18.07.11
BP reports yet another pipeline leak at its Alaskan oilfields, frustrating the oil giant's attempts to rebuild its reputation after the Gulf of Mexico oil spill... more

BP begins to slide as Evo mutters that oil giant could break up

15.07.11
Will BP break itself up? That was the debate among analysts today after US crude titan ConocoPhillips decided to divide itself in two, essentially spinning off its refining assets... more

BP in £3bn North Sea investment despite tax

13.07.11
BP today fires the starting gun on one of the biggest investments in the North Sea in the past decade, despite protests from the industry over George Osborne's tax grab in the last Budget ... more

City Spy: Now Tony Hayward gets a role with Numis

11.07.11
Tony Hayward is proving the doubters wrong, landing yet another new role as the first member of the advisory board of City broker Numis... more

Three debs come out in London, but only Ubisense is a delight

22.06.11
If the Queen had not abolished the practice in 1958, today would have been the start of the summer season with three, high-profile debutantes coming out on the London market... more

European shares on the rise with hopes over Greek resolution

21.06.11
European shares rise on expectations that eurozone policymakers will come up with a solution to save Greece from missing its July debt payment... more

Premier Oil pays BP £70m to up its stake in Dorset field

20.06.11
Premier Oil says it will pay BP up to $110 million (£68.1 million) to boost its stake in the Wytch Farm fields in Dorset - the biggest on-shore oil site in western Europe... more

Tony Hayward is back as cash call takes off

17.06.11
Tony Hayward enjoys a phoenix-like recovery in the City as Vallares, the oil investment vehicle he co-founded with financier Nat Rothschild, closes its fundraising two days early after raising £1.35 billion, a third more expected... more

BP in a wrangle on Rosneft deal

07.06.11
BP is on collision course with its Russian partners as the firm readies $15 billion (£9.1 billion) plans to sell half its stake in the TNK-BP joint venture to state-owned behemoth Rosneft... more

President's men fill up 'The Beast' in surprise visit to BP garage

25.05.11
He may be the president of the most powerful nation in the world, but his car still needs filling up with petrol - 'The Beast' stops for fuel in London... more

Complacent, dominant - but Alliance Trust's repentant now

24.05.11
It's impossible for one institution to dominate London. The place is just too big. How different to, say, Dundee, home of marmalade and The Beano, and an agreeable enough town if you don't mind the Scottish weather. Finances there are dominated by the auld Alliance Trust. Such dominance has bred complacency... more

IT dominates City as gossips talk up bids for software firms

23.05.11
Has the software sector ever seemed so exciting? Today, whispers of a possible approach for Misys - a company whose ambition is "to be the world's best application software and services company" (stop yawning) - pushed the shares up 6.6p to 363.5p... more

BP out in the cold as Arctic oil deal with Russians falls apart

17.05.11
BP is left humiliated as its $16 billion Arctic tie-up with Rosneft fails, leaving the strategy new boss Bob Dudley hoped would help it recover from the Gulf of Mexico disaster in tatters... more

BP battles to clinch Kremlin Arctic deal as deadline looms

16.05.11
Talks between BP and its billionaire Russian partner AAR go down to the wire as the British oil giant desperately tries to seal a deal that would allow it to press ahead with its $16 billion Arctic tie-up with the Kremlin... more

BP boss upbeat on solution to Russia dispute

13.05.11
BP chief executive Bob Dudley declares he is confident its Russian row would be resolved despite no sign of a deal ahead of key deadline next week... more

Triple whammy sees BP profits fall

27.04.11
A still-rising bill for the Gulf of Mexico disaster, lower production after selling off assets to help pay for it and a hit from the Budget's tax grab on North Sea oil profits saw BP's profits fall 2% in the first three months of the year... more


Don't Miss