Latest BP Plc News

Today in History

Jul. 2, 2020 12:02 AM EDT

Today in History Today is Thursday, July 2, the 184th day of 2020. There are 182 days left in the year. Today’s Highlight in History: On July 2, 1881, President James A. Garfield was shot by Charles J. Guiteau (gee-TOH') at the Washington railroad station; Garfield died the following September. (Guiteau...

BP, Hilcorp say they've closed part of Alaska oil, gas deal

Jul. 1, 2020 2:32 PM EDT

JUNEAU, Alaska (AP) — BP announced Wednesday it has closed part of its planned $5.6 billion sale of assets and operations in Alaska to Hilcorp, including the transfer of leases in the Prudhoe Bay oil field and Point Thomson gas field. William Lin, an executive vice president for BP, in a statement called...

Shell takes $22 billion hit on lower oil, gas prices

Jun. 30, 2020 12:29 PM EDT

LONDON (AP) — Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the COVID-19 pandemic. With the virus outbreak hurting the long-term prospects of the global economy, the company said it continues “to...

FILE - This Tuesday, Aug. 1, 2017 file photo shows the BP logo at a petrol station in London. Energy company BP is writing off as much as $17.5 billion from its oil and gas assets and will review its plans to develop oil wells as the COVID-19 pandemic accelerates its goal of decreasing its reliance on fossil fuels. (AP Photo/Caroline Spiezio, File)

BP sells petrochemicals arm to Ineos for $5 billion

Jun. 29, 2020 8:14 AM EDT

LONDON (AP) — Oil and gas company BP has sold its global petrochemicals business to Ineos for $5 billion, part of its plan to shift activities to renewable sources of energy. The company said in a statement Monday that the overlap of the petrochemicals business with the rest of the company is...

A woman walks past a banner showing Saudi King Salman, right, and his Crown Prince Mohammed bin Salman, outside a mall in Jiddah, Saudi Arabia, Monday, June 15, 2020. This was supposed to be Saudi Arabia's year to shine as host of the prestigious G20 gathering of world leaders. Instead, due to the coronavirus pandemic, the gathering this November will likely be a virtual meet-up, stripping its host of the pomp that would have accompanied televised arrivals on Riyadh's tarmac.  (AP Photo/Amr Nabil)

Saudis see high hopes for 2020 upended by pandemic

Jun. 16, 2020 3:48 AM EDT

DUBAI, United Arab Emirates (AP) — This was supposed to be Saudi Arabia’s year to shine as host of the prestigious G20 gathering of world leaders. The event would have seen Crown Prince Mohammed bin Salman share handshakes and wide smiles with presidents and prime ministers. Instead, the gathering...

Shopify, iRobot rise; Hertz Global Holdings, BP fall

Jun. 15, 2020 4:25 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Monday: iRobot Corp., up $7.19 to $82.39. The maker of robotic vacuums raised its revenue forecast for the second quarter. Moderna Inc., up $4.57 to $66.57. Israel may buy the company's potential coronavirus vaccine, according to media...

FILE - This Tuesday, Aug. 1, 2017 file photo shows the BP logo at a petrol station in London. Energy company BP is writing off as much as $17.5 billion from its oil and gas assets and will review its plans to develop oil wells as the COVID-19 pandemic accelerates its goal of decreasing its reliance on fossil fuels. (AP Photo/Caroline Spiezio, File)

BP takes $17.5B hit as pandemic accelerates emissions cuts

Jun. 15, 2020 12:01 PM EDT

LONDON (AP) — BP says it will cut the value of its oil and gas assets by as much as $17.5 billion and review plans for some oil wells as the COVID-19 pandemic reduces demand for oil and gas and forces major energy companies to speed up the shift away from fossil fuels. The London-based company said Monday...

An Indian priest sanitizes the idol of Lord Shiva and Godess Parvati at a temple, in Prayagraj, India, Monday, June 8, 2020. Religious places, malls, hotels and restaurants open Monday after more than two months of lockdown as a precaution against coronavirus. (AP Photo/Rajesh Kumar Singh)

Signs of life in the RV business; Zoom falls for third day

Jun. 8, 2020 5:35 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the national and global response, the work place and the spread of the virus. ________________________ SALES REPORT: The pandemic has affected companies in vastly...

FILE - This Tuesday, Aug. 1, 2017 file photo shows the BP logo at a petrol station in London. Energy company BP said Monday June 8, 2020, that its global workforce will be trimmed by 10,000 jobs amid the ongoing impact of the COVID-19 pandemic. (AP Photo/Caroline Spiezio, File)

BP to cut 10,000 jobs worldwide amid virus pandemic

Jun. 8, 2020 10:29 AM EDT

LONDON (AP) — Oil and gas company BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the energy industry. Chief Executive Bernard Looney said that the cuts will affect office-based roles in BP's global workforce of 70,000 people and come mostly this...

Energy company BP says it plans to cut 10,000 jobs from its global workforce amid the COVID-19 pandemic

Jun. 8, 2020 8:00 AM EDT
LONDON (AP) — Energy company BP says it plans to cut 10,000 jobs from its global workforce amid the COVID-19 pandemic.