Latest BP Plc News
Dredging company to pay $1M for restoration work oil spill
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
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
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
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
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
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
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
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
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
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...
