Farm-in Highlights
Orcadian Energy PLC (AIM:ORCA) Share Price Movement Update
Orcadian notes the significant rise in the Company’s share price today. The Board confirms that it is not aware of any specific reason for this increase.
BP’s profit plummets due to poor refining margins; however, it raises dividend.
BP PLC (LSE: BP.) announced a significant plunge in profits due to declining refining margins, yet it increased its shareholder dividend by 10%.
Britishvolt a prospective battery manufacturer hit in police tax raid
Britishvolt, a prospective battery manufacturer based in the UK, is facing additional challenges as its rescuers were targeted in a tax raid by Australian police on Friday.
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
Britishvolt had discussions with the government and funding prospects prior to its collapse
Before collapsing in January, Britishvolt held multiple meetings with the government but was unable to access a promised £100 million public grant.
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
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.
Britishvolt collapsed owing about £160 million to unsecured creditors
Britishvolt, which owed approximately £160 million to unsecured creditors, is expected to provide only a minimal dividend from its insolvent estate.
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.