All the updated news related to bernard looney

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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 profits – its preferred measure – jumping ...

02 Aug 2022 at 14:41

BP to sell stake in Russian oil giant Rosneft after Ukraine invasion

BP will sell its 14 billion dollar (£10.4 billion) stake in oil producer Rosneft, which it co-owns with the Kremlin, after facing pressure from the Government. The oil firm’s chief executive Bernard Looney is also resigning from the Rosneft board ...

27 Feb 2022 at 19:55

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 Looney for ...

25 Feb 2022 at 19:25

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

City

Johnson urges Shell and BP to keep investing in Britain

Prime Minister Boris Johnson has urged the bosses of BP and Shell to keep investing in wind farms and hydrogen to drive down energy bills in the UK. Asked why he will not introduce a windfall tax on the companies’ bumper profits, he ...

06 May 2022 at 14:55

City

BP profits highest for more than 10 years as windfall tax calls grow

BP has notched up its highest quarterly underlying profits for more than a decade thanks to rocketing oil and gas prices as calls mount for a windfall tax on the sector. The oil giant saw underlying replacement cost profits – its ...

03 May 2022 at 10:55

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 ...

03 May 2022 at 09:25

City

BP profit more than £500m higher than expected

Oil giant BP’s profit was more than half a billion pounds more than expected in the first three months of the year as the business continued to benefit from elevated energy prices. Bosses revealed on Tuesday that the company ...

02 May 2023 at 07:57

City

Calls for ‘loophole’ to be closed as BP profits are £500m ahead of expectations

Opposition parties have renewed their calls for the Government to close a “loophole” in its windfall tax on energy giants after BP said it made more than half-a-billion pounds more than expected in just three months. The ...

02 May 2023 at 09:09

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 ...

10 Mar 2023 at 10:47

City

Shell slammed for ‘outrageous’ pay and bonuses package of up to £21m for ex-boss

Shell has fuelled calls for a higher windfall tax on the sector after the oil giant revealed that its ex-boss saw his pay package soar to £9.7 million last year and is in line for further potential payouts of more ...

09 Mar 2023 at 12:58

City

BP shares shrug off shock boss departure, but attention turns to successor

BP has seen its shares weather the storm caused by the shock departure of boss Bernard Looney after he admitted failing to disclose the extent of past relationships with colleagues. Shares in the FTSE 100 oil ...

13 Sept 2023 at 09:36

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