Oil majors reap bumper profits Published 30 Oct, 2026 06:58am LONDON: Oil and gas giants Shell and TotalEnergies on Thursday reported soaring quarterly net profits as the Middle...
Azerbaijan says January-September oil output hit 19.9mn tons Published 15 Oct, 2026 11:29am Exports of oil with condensate were 15.5 million tons
FTSE indexes weighed by banks and energy stocks Published 29 Jun, 2026 02:36am LONDON: London’s FTSE indexes closed lower on Friday, weighed by declines in energy stocks and heavyweight banks,...
Exxon net income falls, output hit by Iran war Published 04 May, 2026 05:20am HOUSTON: Exxon Mobil beat estimates for adjusted earnings on Friday, helped by higher output in Guyana and the...
European shares slide on concerns of US-Iran ceasefire collapse Published 21 Apr, 2026 05:10am FRANKFURT: European shares declined on Monday, following a sharp rebound in the previous session, as investors...
European shares climb 1pc to one-month highs Published 15 Apr, 2026 06:01am FRANKFURT: European shares closed at their highest level in over a month on Tuesday, with investors welcoming signs...
FTSE indexes log worst week in a year Published 09 Mar, 2026 05:05am LONDON: The UK’s main indexes on Friday logged their sharpest weekly decline in almost a year, as the escalating war...
European shares flat as insurance, energy losses offset gains Published 11 Feb, 2026 04:48am FRANKFURT: Europe’s benchmark share index closed flat on Tuesday as investors weighed mixed corporate updates, with...
India’s Reliance Industries says there is no $30 billion claim against company, BP Published 29 Dec, 2025 09:08pm Indian government was seeking over $30 billion in compensation from Reliance and BP
India claims $30 billion from Reliance Industries, BP for underproduction from gas field, sources say Published 29 Dec, 2025 11:05am The three-member tribunal is expected to deliver its verdict in mid-2026, two people aware of the hearing schedule said
BP profit beats expectations, but no news on Castrol sale Published 05 Nov, 2025 05:48am LONDON: Oil major BP reported a smaller than expected fall in third-quarter underlying profit on Tuesday as a strong...
BP reports $2.53 billion second-quarter profit, beating expectations Published 05 Aug, 2025 11:52am LONDON: BP on Tuesday posted a second-quarter underlying replacement cost profit, or adjusted net income, of $2.35...
Shell says it is not considering buying BP, UK rules ban bid for 6 months Published 26 Jun, 2025 12:50pm LONDON: Shell has not bid for BP and is not actively considering such a move, it said on Thursday, adding it was...
Shell in early talks to buy rival BP, WSJ reports Published 26 Jun, 2025 06:02am LONDON: Shell is in early talks to buy rival BP, the Wall Street Journal reported on Wednesday, citing people...
BP signs long-term LNG deal with Zhejiang Energy Published 22 May, 2025 12:03pm BP on Thursday said it has entered into a long-term liquefied natural gas sale and purchase agreement with Zhejiang...
BP reports 48% profit drop as strategy chief leaves Published 29 Apr, 2025 08:30pm LONDON: BP on Tuesday reported a deeper-than-expected 48% drop in net profit to $1.4 billion on weaker gas trading...
BP net profit drops 70% in first quarter to $687 million Published 29 Apr, 2025 12:10pm LONDON: British oil and gas giant BP said on Tuesday net profit plunged in the first quarter due to weaker gas sales...
BP makes oil discovery off US Gulf coast Published 14 Apr, 2025 05:17pm BP has made an oil discovery at the Far South field in the U.S. Gulf of Mexico, it said on Monday, as the energy...
BP chairman to step down after energy strategy reset Published 04 Apr, 2025 06:40pm LONDON: BP on Friday said chairman Helge Lund will step down after a major reset at the British energy giant that...
BP cuts renewable investment and boosts oil and gas in strategy shift Published 26 Mar, 2025 07:54am LONDON: BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas...
Iraq, BP agree to develop four Kirkuk fields Published 26 Feb, 2025 08:25am DUBAI: Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a...
Elliott builds $5 billion stake in BP Published 13 Feb, 2025 06:08pm Activist investor Elliott Management has disclosed a near 5% stake of about 3.8 billion pounds ($4.75 billion) in...
BP’s quarterly earnings at four-year low as weak margins dent refining business Published 11 Feb, 2025 12:28pm BP’s fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four...
Oil giant BP cuts thousands of jobs to slash costs Published 20 Jan, 2025 05:31am LONDON: British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its...
Big Oil backtracks on renewables push as climate agenda falters Published 27 Dec, 2024 12:18pm LONDON: Major European energy companies doubled down on oil and gas in 2024 to focus on near-term profits, slowing...
BP profit slumps to near four-year low as oil demand sags Published 29 Oct, 2024 02:45pm LONDON: BP on Tuesday reported a 30% drop in third quarter profit to $2.3 billion, the lowest in almost four years,...
BP drops oil output reduction target in strategy reset, sources say Published 07 Oct, 2024 05:12pm LONDON: BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s...
BP to sell its US onshore wind business Published 17 Sep, 2024 06:33am WASHINGTON: BP plans to sell its US onshore wind energy business, it announced on Monday, saying the assets were not...
BP to develop new oil and gas fields in Iraq Published 02 Aug, 2024 06:41am BAGHDAD: Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and ...
Shell, Total, BP take stakes in UAE gas project Published 10 Jul, 2024 06:45pm DUBAI: Energy majors TotalEnergies, Shell and BP will each take a 10 percent stake in a liquefied natural gas...