BP

BP's exit from the North Sea presents a wake-up call regarding Scottish energy. This transition comes amidst difficulties for the traditional oil and gas industry. Further complicating matters is reports that renewables projects are faltering.

Roman Polanski has called for increased taxes on oil and gas profits to fund wildfire prevention efforts. This demand follows Shell and BP reporting their highest quarterly profits in four years.

Big oil companies are reporting record profits due to rising oil prices driven by conflict in Iran, with European firms earning $22 billion in Q1 and U.S. companies like Exxon Mobil and Chevron nearly doubling or quadrupling profits. The situation has caused fuel shortages in parts of Asia and higher energy costs globally, prompting criticism from U.S. President Donald Trump.

Big oil companies in Europe, the Middle East, and the U.S. report record profits amid rising oil prices driven by conflict in Iran and disruptions at the Strait of Hormuz. U.S. President Donald Trump criticized Chevron and Exxon Mobil for their high profits, while oil prices recently declined following speculation of a potential resolution to the Iran conflict.

Big oil companies in Europe, the Middle East, and the U.S. are reporting record profits amid rising oil prices driven by conflict in Iran and disruptions at the Strait of Hormuz. Companies like BP, Saudi Aramco, Exxon Mobil, and Chevron saw significant profit increases, while President Donald Trump criticized energy firms for high profits despite falling oil prices.

US stocks climbed toward a record as companies reported rising profits and oil prices declined. The S&P 500, Dow Jones, and Nasdaq all rose, with Palantir Technologies surging after strong revenue growth. President Trump criticized oil companies for high profits, while talks with Iran potentially eased tensions and pressured oil prices downward.

BP reported record profits of $5.73bn in Q2 2026 as oil prices rose due to disruptions in Gulf energy exports linked to the US-Israeli war on Iran. US President Donald Trump criticized major oil companies for 'making too much money' amid high prices.

US President Donald Trump criticized oil majors for 'making too much money' following record profits from companies like ExxonMobil, Chevron, Aramco, BP, and Shell amid rising oil prices linked to the Iran war. Trump argued they should 'give some back to the public,' as surging gas prices harm Republican prospects in the midterms, while the US Strategic Petroleum Reserve is at its lowest level since the 1980s.

Chevron's Venezuelan joint ventures increased oil production to 280,000 barrels per day in the first half of 2026, a 15% rise from the prior six months. US Treasury licenses allowed Chevron and other companies like BP, Eni, Repsol, and Shell to re-engage with Venezuela's oil sector.

BP's net profit for the second quarter increased to $3.91 billion from $1.62 billion a year earlier. The profit surge was attributed to the Iran war driving oil prices higher.

US President Donald Trump claims direct negotiations with Iran are ongoing, warning it is Tehran’s 'last chance' to secure a deal. Iran denies direct talks, stating discussions over the Strait of Hormuz remain mediated by Oman, while Pakistan seeks to facilitate a meeting. Iranian military officials threaten 'serious risks' if the US naval blockade continues, and oil companies report soaring profits amid the conflict.

Chevron's Venezuelan oil production has increased to 280,000 barrels a day under a US Treasury licensing framework, with Donald Trump's support enabling BP, Eni, Shell, and Repsol to restart operations. The development marks a return of US major oil companies to Venezuela.

Donald Trump has criticized oil companies for making excessive profits from the US-Iran conflict, particularly targeting ExxonMobil and Chevron for their significant second-quarter profits. European and Saudi oil companies, including Shell and Aramco, also reported substantial profit increases amid the crisis.

BP's net profit surged 144% in the second quarter, reaching $5.7 billion, exceeding Wall Street consensus estimates.

BP's CEO states the company needs to strengthen its balance sheet. The announcement was accompanied by a video.

BP's quarterly profits more than doubled to $5.73bn in the three months to the end of June due to the Middle East crisis disrupting Gulf energy exports. This marks the company's highest quarterly profits since the first year of Russia’s war on Ukraine.

BP's CEO stated that the decision to exit the North Sea was not made lightly. The announcement highlights the company's strategic move away from the region.

BP reported second-quarter net income of $3.91 billion ($1.47 per share) with adjusted earnings of $2.22 per share, exceeding analysts' $1.98 per share estimate. The company generated $70.11 billion in revenue, and its shares have risen 27% year-to-date and 39% over the last 12 months.

BP's profit more than doubled. Trump criticized Big Oil for 'making too much money'.

BP's profits more than doubled due to the Iran war, as explained by Wilfred Frost. The article highlights a significant surge in the oil giant's earnings linked to the conflict.

Kemi Badenoch urges Burnham to end Labour's oil and gas drilling ban as BP announces plans to sell assets in the North Sea. The article highlights pressure to reverse restrictions on drilling amid BP's exit.

The article discusses BP's decision to sell assets in the North Sea, which the author frames as a negative indicator of the nation's decline. Alex Brummer critiques this move as a bleak assessment of the country's economic or industrial trajectory.

Aberdeen, once Britain's biggest concentration of millionaires, is now being abandoned by BP, marking a setback for the former boom town. The city, nicknamed 'Granite City,' faces economic decline as BP exits.

BP is seeking to sell its North Sea business, which includes five production hubs and 1,100 employees, as UK Prime Minister Andy Burnham faces pressure to ease drilling restrictions. US President Donald Trump has urged increased North Sea oil production, while Burnham has emphasized a pragmatic approach to balancing energy security and cost-of-living concerns.

BP is exiting the North Sea after six decades of oil production, citing Labour's windfall taxes and the Net Zero policy as key factors in its decision. The company's withdrawal marks the end of long-term operations in the region.

BP is selling its North Sea business amid political disputes over future drilling licenses. Melrose Industries paused share buybacks due to a leaking chemical tank at its California facility, which affected production of F-35 and commercial aircraft windows. AI companies led a record surge on Korea’s stock market despite soft market activity and geopolitical tensions.

BP is selling its North Sea business amid political disputes over drilling licenses. Melrose Industries paused share buybacks due to a leaking chemical tank at its California facility, which affected production of aircraft windows. AI companies led a record surge in Korea’s stock market.

BP has initiated a formal process to sell its North Sea oil and gas business, marking the end of six decades of production in the region. The move aligns with efforts by new CEO Meg O’Neill to simplify the company and reduce debt.

BP is selling its North Sea business, which marks the end of 60 years of oil and gas production in the region.

BP is putting its North Sea operations up for sale, and the UK government is facing a lawsuit over granting BP a new drilling license in the region.

BP Plc has initiated a process to market its North Sea business for a potential sale. This move is part of a broader review of the company's portfolio.

BP has decided to put its UK North Sea business up for sale following discussions with Ithaca Energy. The move reflects a strategic decision to market the assets after preliminary talks with the energy company.

Ankara could receive 1 million barrels per day of Iraqi oil after Turkish Petroleum stake in BP-run Kirkuk oilfield. The agreement marks a historic step in energy cooperation between Turkey and Iraq.

Oil prices fell as the US and Iran paused hostilities, leading to declines in energy sector stocks like BP and Shell. AstraZeneca exceeded profit forecasts due to successful cancer treatments, while JD Sports and Vodafone saw share price increases.

Misti Leon sued Exxon Mobil, BP, Chevron, Shell, and other oil companies for wrongful death, alleging their climate change deception contributed to her mother's death during a 2021 heatwave in Washington state. A King County judge denied the companies' motion to dismiss the case, signaling its legal viability amid growing climate litigation nationwide.

ConocoPhillips will acquire a 42% stake in BP's contract to redevelop Iraq's Kirkuk oilfield. The move is part of US groups' efforts to counter China's growing influence in Iraq, an OPEC member.

BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday. The move is part of a broader U.S. strategy to weaken Iran's influence in the energy sector.

BP Plc has recorded a $1 billion writedown from its low carbon business. The financial adjustment is linked to the company's low carbon business segment.

The Whiting-Robertsdale Chamber of Commerce has removed BP as a sponsor of Pierogi Fest and will instead raise funds for BP refinery union workers who are locked out.

India is expanding domestic oil exploration to address energy supply shortages caused by the Middle East war. The oil minister announced plans to bid out 250,000 square kilometers of unexplored areas, focusing on regions like the Andaman and Nicobar archipelago, and collaborating with international firms like Petrobras and BP.