BP PLC (LSE: BP.) announced a significant plunge in profits due to declining refining margins, yet it increased its shareholder dividend by 10%.
BP profits hit nearly $5bn in three months
BP PLC (LSE: BP.) has reported an increase in first-quarter profit, reflecting strong oil and gas trading. The oil major stated that its underlying replacement cost profit for the first
BP is encountering investor disapproval after changing its stance on green commitments.
According to The Times, BP is currently facing a revolt from shareholders who are seeking to remove Helge Lund from his position as chairman due to the company’s decision to
US regulators have imposed a fine of US$97.8 million on Wells Fargo for violating sanctions.
Wells Fargo & Company (NYSE: WFC) has been fined US$97.8 million by the Federal Reserve and the Treasury Department for violating US sanctions laws.
BP has been accused of committing “serious violations” following a deadly explosion at a refinery in the United States.
According to the safety regulator, inadequate operations and training were factors that led to an accident resulting in the death of two workers.
Bernard Looney, the CEO of BP, saw his pay rise by more than two-fold following the company’s exceptional profits.
BP CEO Bernard Looney’s compensation package more than doubled to £10 million in 2022, as the company recorded record profits due to high oil and gas prices.
BP’s green strategy “has not changed at all,” its US boss has insisted
BP’s US boss has rejected claims that the company is capitalising on surging oil prices by compromising its green ambitions.
BP increases dividends after record profit
BP profits surge amid runaway gas prices
BP warns that oil and gas investments are needed for the next 30 years.
BP warns that investment in oil and gas production is essential if the world wants to avoid more price swings and shortages.
UK: BP declines to reveal how much ‘loophole’ saved it in windfall tax
BP refused to disclose how much windfall tax the company would have paid if it had not created an investment loophole on Tuesday.
BP is paying more tax as it makes more profit
BP (BP.L.) is paying more tax because it is making more profits, Louise Kingham, the UK head of the company, told the Reuters Energy Transition Europe 2022 conference on Wednesday.