All the updated news related to BP

All the news related to BP updated in real time

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BP slides over Russia exit as London markets fall again

BP shares dropped sharply as the markets opened lower again in London while oil prices surged. The oil giant dropped by as much as 7% at the start of trading on Monday following its decision to sell its near 20% stake in Russian oil business Rosneft....

28 Feb 2022 at 09:55

BP warned last year of impact on business if Russia hit with sanctions by West

Oil giant BP admitted last year that sanctions on Russia could be problematic for its business, as global leaders are lining up to impose an even more stringent economic retaliation against the Kremlin. The company, which co-owns an oil firm with ...

25 Feb 2022 at 15:25

Local News

Longford Leader Farming: 2022 Basic Payment Scheme opens for applications

Over the coming days, farmers will be receiving a BPS information pack in the post containing their maps and land details for 2022. The pack will also include a useful help sheet. This information will assist farmers and their advisors to make ...

28 Feb 2022 at 21:33

City

Shell to sell all stakes in Gazprom joint ventures

Oil giant Shell has announced plans to sell its stake in all joint ventures with Russian partner Gazprom, calling Russia’s invasion of the country “senseless” and a threat to European security. The company said it will sell its 27.5% stake in ...

28 Feb 2022 at 19:25

‘Think carefully’ about Russian investments, Sunak warns businesses

British firms should “think very carefully” about making any investments in Russia which would support Vladimir Putin’s regime, the Chancellor has said. Rishi Sunak warned there is “no case” for new investment in Russia as he said further ...

13 Mar 2022 at 11:55

City

Shell boss pockets £1m pay rise

The boss of Shell pocketed a £1.1 million pay rise last year after the business reported a record profit that led to strong calls for a windfall tax on the sector. Ben van Beurden took home 7.4 million euros (£6.3 million), up from 5.8 ...

10 Mar 2022 at 12:55

Derry City and Strabane District Council

"Soaring energy company profits a ‘kick in the teeth’ for workers and families"

Sinn Féin MLA Ciara Ferguson has said another hike in profits for a big energy company is a ‘kick in the teeth’ for workers and families who are struggling to heat their homes. Speaking after BP announced that its profits have tripled,...

02 Aug 2022 at 16:33

City

Investors wait to find out how falling oil price hit BP’s summer

Falling oil prices hit Shell in the third quarter of the year, but investors will want to see for themselves on Tuesday whether BP will also post massive profits regardless. Experts are definitely expecting a bumper performance from ...

28 Oct 2022 at 15:07

City

BP boss earns 170 times his average worker as his pay doubles to £10m

The boss of BP earned more than 170 times more than his average employee last year as his pay doubled to around £10 million after the company benefited from the Russian full-scale invasion of Ukraine. New figures from the oil giant ...

10 Mar 2023 at 10:47

City

FTSE 100 rises to new record high as market improves and recession fears calm

The FTSE 100 pushed to fresh record highs on Wednesday amid improving economic sentiment. The index of top UK firms lifted by around 0.9% to 7,934.3 points in morning trading, surpassing the previous peak of 7,906.58 it set last ...

08 Feb 2023 at 17:24

City

Why are oil firms making record profits and how are my energy bills changing?

BP has followed Shell in reporting record annual profits and the businesses are handing billions of pounds to their shareholders. Why is this happening at a time when people are struggling to pay for their energy, what is the ...

07 Feb 2023 at 11:11

BP waters down environmental ambitions after record profit

City

BP profits soar to £23bn after spike in oil and gas prices

Profit hit record highs at oil giant BP last year as the business benefited from runaway oil and gas prices caused by the war in Ukraine. The company also said that it had slashed its emissions reduction targets by a third, ...

07 Feb 2023 at 15:54

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