Latest BP Plc News

Qatar Energy to cut emissions as methane movement grows

Jun. 27, 2022 16:37 PM EDT

DUBAI, United Arab Emirates (AP) — The state-owned oil and gas company Qatar Energy said Monday it is joining a new industry-led initiative to reduce nearly all methane emissions from operations by 2030. It comes as part of a broader global push to tackle emissions from methane,...

Dredging company to pay $1M for restoration work oil spill

Jun. 22, 2022 14:01 PM EDT

NEW ORLEANS (AP) — A Houston dredging company has been ordered to pay a $1 million fine for an oil spill that occurred when a subcontractor cut through an oil pipeline during barrier island restoration work off Louisiana in 2016. Great Lakes Dredge & Dock Company, which...

Biden tells oil refiners: Produce more gas, fewer profits

Jun. 15, 2022 13:09 PM EDT

President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump. “The crunch that families are facing...

NOT REAL NEWS: A look at what didn't happen this week

Jun. 10, 2022 13:25 PM EDT

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ___ COVID vaccines do not kill more...

NC artist tries new approaches as he recovers from a stroke

May. 08, 2022 00:05 AM EDT

GREENSBORO, N.C. (AP) — When Michael Collins saw the customer at Lowe’s fall to the floor, he rushed to the man’s aid. Collins immediately recognized the signs of a stroke. The man’s speech was slurred. He couldn’t respond to questions about his name or...

UK votes in local polls dominated by cost-of-living crisis

May. 05, 2022 12:52 PM EDT

LONDON (AP) — People in Britain voted Thursday in local elections that will decide the makeup of local authorities across the country — and possibly the fate of embattled Prime Minister Boris Johnson. Polling stations were open from 7 a.m. until 10 p.m. (2100GMT) in contests for...

Shell reports record 1st-quarter earnings as oil prices soar

May. 05, 2022 06:50 AM EDT

LONDON (AP) — Energy giant Shell reported record first-quarter earnings after a surge in oil prices, fueling calls for the British government to impose a tax on energy companies’ windfall earnings to help consumers struggling with the soaring cost of living. London-based Shell...

How major US stock indexes fared Tuesday

May. 03, 2022 16:31 PM EDT

Stocks closed modestly higher on Wall Street Tuesday as investors await Wednesday’s decision by the Federal Reserve on interest rates. The S&P 500, the Dow Jones Industrial Average and the Nasdaq rose. The Fed is expected to raise its benchmark rate by twice the usual amount...

BP, Clorox rise; Chegg, Expedia fall

May. 03, 2022 16:26 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Devon Energy Corp., up $5.93 to $64.28. The oil and gas exploration company reported strong first-quarter earnings and increased its stock buyback plan. Diamondback...

Strong BP profit renews call for energy sector windfall tax

May. 03, 2022 08:01 AM EDT

LONDON (AP) — BP posted its highest quarterly profit in more than a decade thanks to surging oil and gas prices, renewing calls for a U.K. government tax on energy companies' windfall earnings to help households struggling with rising energy bills. The British energy giant said...