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Tag: BP


Energy, Industry Focus Areas

BP Profits Are Cut in Half to $2.6 Billion

August 1, 2023

Via: Transport Topics

Energy giant BP said Aug. 1 that it earned nearly $2.6 billion in the second quarter, almost half what it posted in the first three months of the year as oil and natural gas prices that surged after Russia’s invasion […]


Energy, Industry Focus Areas

BP Slows Transition to Renewable Energy as Oil Bonanza Continues

February 7, 2023

Via: The Wall Street Journal

BP PLC said it would slow its shift to lower-carbon energy, increasing spending on the oil-and-gas production that helped push the company to a record profit last year. BP in the fourth quarter joined its peers on both sides of […]


Energy, Industry Focus Areas

BP Buys Renewable Natural Gas Company

October 17, 2022

Via: The Wall Street Journal

Archaea Energy Inc. LFG -4.90%▼ said Monday it is being bought by BP BP -2.63%▼ PLC for $26 a share in cash, or a total enterprise value of $4.1 billion, including $800 million of net debt. The cash consideration represents […]


Energy, Industry Focus Areas

Oil Majors Look to Fill Businesses’ Growing Appetite for Green Power

May 24, 2021

Via: The Wall Street Journal

Businesses are buying more renewable power, and oil majors want a piece of the action. European oil companies including BP PLC and Royal Dutch Shell PLC are building new wind and solar projects and striking deals to supply electricity to […]


Energy, Industry Focus Areas

Oil Companies Endure Brutal 2020, Warn of Slow 2021 Recovery

February 2, 2021

Via: The Wall Street Journal

The big international oil companies are reporting one of their worst annual performances in decades and signaling that the pandemic could continue to challenge their businesses in 2021. Exxon Mobil Corp. and BP PLC on Tuesday disclosed annual losses of […]