BP has been falling behind its peers for years. If it doesn’t narrow the gap, its days as an independent company could be numbered. The world’s fifth-largest oil major, which traces its origins to ...

LONDON, Oct 7 (Reuters) - BP (BP.L), opens new tab has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain ...

BP could book up to $1.5 billion in after-tax impairments across its portfolio as it warned lower gas and oil prices will drag on its results. The British energy major said Friday that it anticipates ...

BP expects to book an impairment of up to $2 billion for the second quarter, and warned that weak oil trading and lower refining margins will hurt earnings. The British energy major said Tuesday that ...

BP (NYSE:BP) said Thursday it plans to sell its mobility and convenience business in Austria, as part of the company's strategy to reshape and focus its downstream businesses. BP (NYSE:BP) said the ...

BP (NYSE:BP) is expected to spend as much as $25B to redevelop four Kirkuk oil and gas fields, Reuters reported Tuesday, citing an unnamed senior Iraqi oil official, as the country seeks to win back ...

(Reuters) - Cameron International Corp agreed a $250 million settlement with BP to help pay for costs associated with the Gulf of Mexico oil spill, raising hopes that deals between the British oil ...