Latest BP Plc News

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...

Biden increases oil royalty rate, scales back lease sales

Apr. 15, 2022 20:06 PM EDT

BILLINGS, Mont. (AP) — The Interior Department on Friday said it’s moving forward with the first onshore sales of public oil and natural gas drilling leases under President Joe Biden, but will sharply increase royalty rates for companies as federal officials weigh efforts to fight climate...

Democrats accuse oil companies of 'rip off' on gas prices

Apr. 06, 2022 17:41 PM EDT

WASHINGTON (AP) — House Democrats on Wednesday accused oil companies of "ripping off the American people” and putting profits before production as Americans suffer from ever-increasing gasoline prices during the war in Ukraine. "At a time of record profits, Big Oil is refusing to...

TotalEnergies to halt all Russian oil purchases by year-end

Mar. 22, 2022 15:33 PM EDT

PARIS (AP) — French energy giant TotalEnergies said Tuesday it has decided to halt all its purchases of Russian oil and petroleum products by the end of the year at the latest. The French company said in a statement that it will “gradually suspend its activities in Russia” amid...

Baker Hughes joins oil rivals in pausing Russian operations

Mar. 19, 2022 18:25 PM EDT

NEW YORK (AP) — Baker Hughes, a major U.S. oil services company, added its name Saturday to the growing list of U.S. companies that are pulling back from Russia in response to Moscow’s war against Ukraine. Baker Hughes made its announcement one day after similar moves by oil...