Latest BP Plc News

BP CEO Dudley, who managed wake of Gulf oil spill, to retire

Oct. 4, 2019 11:43 AM EDT

LONDON (AP) — BP said Friday that CEO Bob Dudley, the American who steered the oil giant through the aftermath of the massive 2010 Gulf of Mexico spill, will retire next year and be replaced by the head of the company's exploration and production business. Bernard Looney, 49, will become CEO and take...

Royal Shakespeare Company ends partnership with BP

Oct. 2, 2019 9:31 AM EDT

LONDON (AP) — The Royal Shakespeare Company is ending its partnership with BP after student climate demonstrators protested the cultural institution's partnership with the energy company. BP has supported a ticketing discount that made it possible for some 80,000 people between the ages of 16 and 25 to...

Big Tech's eco-pledges aren't slowing its pursuit of Big Oil

Oct. 2, 2019 7:09 AM EDT

Employee activism and outside pressure have pushed big tech companies like Amazon, Microsoft and Google into promising to slash their carbon emissions. But there's another thing these tech giants aren't cutting: Their growing business ties to the oil and gas industry. When Microsoft held an all-staff meeting in...

10 Things to Know for Today

Oct. 2, 2019 6:11 AM EDT

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. WARNINGS OVER TRUMP INQUIRY FLY BETWEEN POMPEO, DEMOCRATS The secretary of state tries to delay five current and former officials from providing documents and testimony, but Democrats have set closed-door...

T. Boone Pickens, oilman and renewables advocate, dies at 91

Sep. 11, 2019 6:39 PM EDT

OKLAHOMA CITY (AP) — T. Boone Pickens, a brash and quotable oil tycoon who grew even wealthier through corporate takeover attempts, died Wednesday. He was 91. Pickens was surrounded by friends and family when he died of natural causes under hospice care at his Dallas home, spokesman Jay Rosser said....

Biden defends campaign fundraiser with natural gas investor

Sep. 4, 2019 11:25 PM EDT

WASHINGTON (AP) — Joe Biden is defending himself against criticism that the co-founder of a liquefied natural gas firm is hosting a fundraiser for him despite his pledge not to accept fossil fuel money for his 2020 presidential bid. The former vice president said Wednesday during a CNN climate town hall...

UK currency volatile as investors try to gauge Brexit risks

Sep. 3, 2019 12:19 PM EDT

LONDON (AP) — The pound on Tuesday touched its lowest level against the dollar since 1985, excluding a brief "flash crash" in 2016 that may have been caused by technical glitches, as international investors fret over a political showdown over Brexit this week. The British currency fell as low as $1.1960,...

EPA moves to revoke rules on oil industry methane leaks

Aug. 29, 2019 5:01 PM EDT

WASHINGTON (AP) — The Trump administration moved Thursday to revoke regulations on methane leaks from oil facilities, a proposal environmental advocates said would renounce key federal authority to regulate the climate-damaging gas. The proposed rule follows President Donald Trump's directions to remove...

BP's departure could leave a big hole for Alaska nonprofits

Aug. 28, 2019 8:47 PM EDT

JUNEAU, Alaska (AP) — BP's plan to pull out of Alaska could leave a big hole for nonprofits and other programs that benefited from the oil giant's donations and its employee volunteers. BP on Tuesday announced it would sell its Alaska assets to Hilcorp in a deal expected to close next year. BP, which has...

BP to shed Alaska assets, sell to Hilcorp Alaska for $5.6B

Aug. 27, 2019 8:33 PM EDT

JUNEAU, Alaska (AP) — BP plans to sell its interests in Alaska's once prodigious North Slope to a company seen as having a reputation of giving new life to aging fields. The sale to Hilcorp Alaska, an affiliate of Texas-based Hilcorp Energy Co., would be worth $5.6 billion, and include interests in the...