JERA Nex BP is ending activities in the US after concluding there “is no viable path for development” of its Beacon Wind offshore project. The decision to shutter its American operations ends an ...
A Thursday evening fire at the BP Whiting refinery caused internal sirens and flares to go off, a social media post from the company announced Friday morning. “The BP Whiting refinery responded to an ...
BP p.l.c. (NYSE:BP) is included among the 15 Best Natural Gas and Oil Dividend Stock to Buy Now. BP p.l.c. (NYSE:BP) raised its dividend by 4% to $0.0832 per share in August, in addition to announcing ...
BP: Strategic Realignment And Cost-Saving Initiatives May Expand Profitability And Cash Flow Margins
In 2Q25, BP's revenue declined by 1.4% y/y to $46.62 billion. However, net income grew by 26.5x, and net income margin improved to 4.14%. BP will deprioritize investments in renewables and focus on ...
Global energy giant BP said it would cut thousands more jobs by the end of this year, as the company continues to reduce its renewable energy plans to focus more on its longtime core business of oil ...
BP employs about 4,000 people in the Houston area, more than any other location in its global footprint. While the company hasn't said exactly how many local jobs will be impacted, concerns are ...
The business review comes just a few months after BP said it would save $4bn to $5bn by the end of 2027, relative to 2023 costs. BP surprised investors on Tuesday by reporting stronger-than-expected ...
BP has signalled an accelerated effort to bring down costs ahead, refusing to rule out further job losses as artificial intelligence (AI) technology helps drive efficiencies. The company, which ...
BP p.l.c. (NYSE:BP) reported better-than-expected earnings for the second quarter of 2025, although revenue came in below Wall Street expectations. The energy company posted adjusted earnings of 90 ...
BP has abandoned plans to invest in a huge green hydrogen project in Western Australia, adding to the companies walking away from the clean fuel that was once regarded as a big export opportunity for ...
BP plc (NYSE:BP) announced Friday that it will sell its entire U.S. onshore wind energy portfolio to LS Power, a New York-based energy infrastructure firm. This move is part of a broader strategy to ...
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