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The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...
Market chatter about a potential Shell-BP merger has intensified, fueled by BP’s weak performance, strategic flip-flops, and ...
Shell denied that it was in talks to buy BP after the Wall Street Journal reported Wednesday that the oil major was in early ...
BP's stock price rose while Shell shares slid on news that the companies are in early talks over a potential merger.
June 4, 2010 — -- BP said today that its latest try to control the oil spilling into the Gulf of Mexico may be working. It has lowered a large cap over the blown-out well, 5,000 feet below ...
BP is planning to slash oil and gas production and pour billions of dollars into clean energy as part of a major strategic overhaul unveiled on Tuesday, alongside a huge second quarter loss and ...
The comments came as BP company joined other big oil companies in reporting record annual profit: $27.7 billion for 2022, almost double the adjusted profit of 2021.
BP now aims to grow oil and gas production to between 2.3 million and 2.5 million barrels of oil equivalent per day (boepd) in 2030. It pumped 2.36 million boepd in 2024.
BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...
BP, Shell, Exxon, and Chevron are boosting fossil fuel investments after disappointing returns on green energy ventures. BP is increasing oil and gas spending by 25% and Shell is prioritizing LNG ...
BP p.l.c. is one of the largest oil companies in the world, with a market cap of more than $80 billion. Find out what makes BP stock a good investment.
BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...