Latest BP Plc News

Exxon Mobil rolls out plan to cut emissions in Permian Basin

Dec. 06, 2021 17:03 PM EST

ALBUQUERQUE, N.M. (AP) — Exxon Mobil says it has a plan for cutting greenhouse gas emissions from its operations in one of the most prolific oilfields in the United States, saying it hopes to achieve its net-zero goal for operations in the Permian Basin by 2030. The company made...

BP oil spill fund: $103M to projects in 3 Gulf states

Dec. 04, 2021 08:33 AM EST

Alabama, Florida and Mississippi are receiving more than $103 million in BP oil spill settlement money for new and continued coastal projects. “These projects, combined with existing investments, continue to advance our goal of protecting and restoring species and...

BP agrees to $500K penalty, soot limits at Indiana refinery

Dec. 02, 2021 17:30 PM EST

Oil giant BP agreed Thursday to pay a $512,450 penalty and reduce soot emissions from its Whiting refinery in Indiana under an agreement with regulators and activists who accused the company of violating an earlier deal. The U.S. District Court...

Biden sets out oil, gas leasing reform, stops short of ban

Nov. 26, 2021 16:42 PM EST

WASHINGTON (AP) — The Biden administration on Friday recommended an overhaul of the nation's oil and gas leasing program to limit areas available for energy development and raise costs for oil and gas companies to drill on public land and water. The long-awaited report...

Companies bid $192 million in 1st Gulf oil sale under Biden

Nov. 17, 2021 17:52 PM EST

NEW ORLEANS (AP) — Energy companies including Shell, BP, Chevron and ExxonMobil offered a combined $192 million for drilling rights on federal oil and gas reserves in the Gulf of Mexico on Wednesday, as the first government lease auction under President Joe Biden laid bare the hurdles he...

Nonprofit plans Mississippi oyster shell recycling program

Nov. 06, 2021 14:06 PM EDT

JACKSON, Miss. (AP) — An environmental group is using fines from the 2010 BP oil spill to plan Mississippi’s first oyster shell recycling program. “It’s very straight forward — take the actual oyster shell and reuse it to help restore the very resource it’s...

Democratic chair issues subpoenas to oil executives

Nov. 02, 2021 19:08 PM EDT

WASHINGTON (AP) — The chairwoman of the House Oversight Committee issued subpoenas Tuesday to top executives of ExxonMobil, Chevron and other oil giants, charging that the companies have not turned over documents needed by the committee to investigate allegations that the oil industry...

BP warns of 'tight' gas market ahead as profits surge

Nov. 02, 2021 09:43 AM EDT

LONDON (AP) — BP reported soaring profits Tuesday on the back of surging oil and gas prices as the global economy recovers from the coronavirus pandemic. The British energy giant also warned that gas markets would remain “tight" over the coming months, which will likely further pressure...

In the middle of a crisis, Facebook Inc. renames itself Meta

Oct. 28, 2021 19:44 PM EDT

OAKLAND, Calif. (AP) — Like many companies in trouble before it, Facebook is changing its name and logo. Facebook Inc. is now called Meta Platforms Inc., or Meta for short, to reflect what CEO Mark Zuckerberg said Thursday is its commitment to developing the new...

Oil giants deny spreading disinformation on climate change

Oct. 28, 2021 17:53 PM EDT

WASHINGTON (AP) — Top executives of ExxonMobil and other oil giants denied spreading disinformation about climate change as they sparred Thursday with congressional Democrats over allegations that the industry concealed evidence about the dangers of global warming. ...