According to the safety regulator, inadequate operations and training were factors that led to an accident resulting in the death of two workers.
According to the safety regulator, inadequate operations and training were factors that led to an accident resulting in the death of two workers.
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 US boss has rejected claims that the company is capitalising on surging oil prices by compromising its green ambitions.
BP profits surge amid runaway gas prices
BP warns that investment in oil and gas production is essential if the world wants to avoid more price swings and shortages.
BP refused to disclose how much windfall tax the company would have paid if it had not created an investment loophole on Tuesday.
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.
BP posted its largest profit since 2008, thanks to soaring energy prices. The latest forecasts indicated that household bills could rise to more than £3,600 in the winter.
BP’s 2021 profits were the highest since 2008, thanks to soaring oil and gas prices. The company also increased share repurchases and accelerated its plans to reduce emissions through higher
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