All the updated news related to BP

All the news related to BP updated in real time

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City

BP and Shell to face pressure as profits set to soar

London’s biggest oil companies will face an odd dilemma next week as they present what is likely to be their best set of results for years while facing calls to cough up more in tax. The businesses are predicted to report a combined 13 billion ...

29 Apr 2022 at 16:25

City

BP counts cost of Rosneft exit, but oil prices send underlying profits soaring

BP has swung to a quarterly loss after taking a mammoth 25.5 billion US dollar (£20.4 billion) hit following its move to quit Russia, but soaring oil prices saw underlying profits hit their highest for more than a decade. The group plunged to ...

03 May 2022 at 09:25

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 ...

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 ...

25 Feb 2022 at 15:25

Government puts pressure on BP over Russian interests

BP is under pressure from the Government to cut its ties with Russian oil giant Rosneft, which the British-based company holds a 20% stake in. Business Secretary Kwasi Kwarteng held a virtual call with BP’s chief executive Bernard ...

25 Feb 2022 at 19:25

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 ...

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 ...

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 ...

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 ...

10 Mar 2022 at 12:55

City

BP expected to report soaring profit days after Shell and Centrica slammed

Bosses at BP will likely be nervously eyeing the headlines that fellow energy giants Shell and Centrica generated this week as they prepare to present their own set of bumper profits. The oil giant is expected to ...

29 Jul 2022 at 15:42

City

BP sees earnings hit 14-year high amid anger over energy firm profits

BP has revealed second-quarter profits more than trebled to a 14-year high as it joined rival Shell in reaping the benefits of soaring oil and gas prices. The oil giant reported underlying replacement cost ...

02 Aug 2022 at 14:41

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 ...

02 Aug 2022 at 16:33

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