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The Latest Breaking News from British Petroleum

BP suffers investor rebellion at first AGM since climate strategy U-turn

Nearly a quarter of shareholders vote against the chair, Helge Lund, as green protesters are blocked from entering

The Guardian - UK

BP set for shareholder clash over climate goals as AGM season kicks off

The oil major’s board is likely to face conflicting pressures from shareholders against a backdrop of confusion and uncertainty for investors.

Evening Standard

BP dropped its green pledges and turned back to oil. Now the price of crude has collapsed

At its AGM this week, the company will face not only the activist investor at its heels, but a global economy being changed from the White House

The Guardian - UK

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Inside activist investor Elliott's proxy fight to break up Phillips 66

Elliott aims to replace much of the board and break up Phillips 66 into parts to potentially maximize value.

Fortune

FTSE lifts again in calmer session for global markets

The FTSE 100 finished up by 0.64%, or 50.93 points, to close at 7,964.18.

Evening Standard

Global warming isn't funny. But more comedians are using humor to bring awareness to it

Comedians have long used jokes to raise awareness of serious problems, and many are now turning the gaze to climate change

The Independent UK

BP lowers outlook for gas production in first quarter and flags ‘weak’ trading

The energy giant said net debt will be about £3.1 billion higher at the end of the first quarter of 2025.

The Independent UK

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‘One big backlash’: Why is a green shareholder activist group pausing its climate resolutions?

A “changing political landscape” and global trade tensions are partly to blame, according to the Netherlands-based group.

Euronews

Inside Berckmans Place, Augusta National’s Ultra-Exclusive Masters Enclave

From must-have merchandise to impeccable service, two insiders share their experience at the famed VIP hospitality playground.

Sports Illustrated

How to Trade a Tariff Tantrum: Barchart Experts Weigh In

After a historically volatile week for U.S. stocks, here’s some insight on how investors should assess the markets now.

Barchart

Shell cuts gas production outlook due to maintenance and bad weather

The oil and gas company reduced its expectations for natural gas and liquefied natural gas (LNG) volumes for the first quarter of this year.

Euronews

These are the businesses conducting the most lobbying in Holyrood

Fossil fuel giants, influential PR firms and the short-term lets industry are among the top lobbyists of the Scottish Government since John Swinney…

The National (Scotland)

FTSE 100 suffers biggest daily decline since start of pandemic

The index plummeted by 419.75 points, or 4.95%, to close at 8,054.98.

Evening Standard

BP chairman to step down after oil giant retreats from green energy

BP kick-started a search for a new chair after Helge Lund told the board he intends to leave the role ‘in due course’.

The Independent UK

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International Business Times

BP Chairman To Step Down After Energy Strategy Reset

BP in February launched a major pivot back to its more profitable oil and gas business, shelving its once industry-leading targets on reducing carbon emissions and slashing clean energy investment.

The Guardian - UK

BP chair to resign amid pressure from shareholders over green agenda

Helge Lund likely to leave post in 2026, with investor opposition having derailed net zero plans

The Guardian - UK

Rebel Energy goes bust leaving 90,000 customers without supplier

UK energy firm ceases trading, blaming ‘perfect storm’ of soaring wholesale prices and squeezed customers

Barchart

BP Plc Is Attracting Value Buyers with its 5.69% Dividend Yield and 10x P/E

BP Plc, the oil and gas company, has an attractive 5.69% dividend yield and a low 10x price/earnings multiple. That is attracting value buyers, including short-sellers of out-of-the-money put options.

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Guitar World

“The six-string bass guitar was a dream – if Leo Fender could come back today I think he would approve”: 10 6-string bassists you need to know

From John Myung to Felix Pastorius to Thundercat, we follow their historic quest for the ultimate extended-range axe

The Guardian - UK

It’s AGM time, season of free sandwiches and protest fireworks

Corporate backsliding on climate and diversity policies mean this year’s annual meetings may be tough for some of the UK’s biggest companies

The Guardian - US

US energy industry’s climate retreat is putting profits over people, advocates say

Oil giants retreat on climate pledges, embrace Trump-era fossil fuel policies at CERAWeek in Texas

International Business Times

Oil Companies Greet Trump Return, Muted On Tariffs

Oil executives said Tuesday they are bullish on US petroleum investments in the emerging Trump era as some giants back away from renewable energy and beef up fossil fuel developments.

Evening Standard

The worst man-made environmental disasters: from Exxon Valdez to Fukushima and beyond

The fallout from the North Sea oil tanker collision on March 10 may have you reflecting on other significant man-made environmental disasters

The Guardian - UK

BP cuts boss’s pay by 30% after company misses profit targets

Murray Auchincloss paid £5.4m in 2024 as oil company ditched green investment strategy

Evening Standard

BP chief takes more than £2.3m pay cut after slump in profit

Murray Auchincloss’s pay fell by one-third last year, ahead of BP making a drastic pullback from its green energy targets.

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