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The Latest Breaking News from British Petroleum

BP posts record profit, dilutes green target

London (AFP) - British energy giant BP on Tuesday announced record annual profit thanks to soaring oil and gas prices, as it watered down its target for cutting carbon emissions.

AFP

Dow Jones Falls Ahead Of Powell Speech; BBBY Shares Crash 47% On Proposed Equity Offering

The Dow Jones fell Tuesday ahead of Fed Chair Jerome Powell's interview. BBBY shares crashed 47% on an equity offering.

Investors Business Daily

Scots face 'ludicrous' energy bills while BP rakes in 'obscene' £23billion profits

The UK Government is under pressure to impose a fresh windfall tax on energy giants who are earning record profits.

Daily Record

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Crude Oil Prices, Oil Stocks Rally, Lifted By China And Turkey

Crude oil prices rallied for a second day, also lifting Big Oil stocks as well as oil and gas producers and refiners.

Investors Business Daily

BP profits reach £23 billion after spike in oil and gas prices

Oil and gas giant comes in for criticism as it lowers the ambition of its climate change pledges

Insider UK

BP profits more than double amid energy cost crisis

BP has reignited the row over the vast scale of energy company money making since the start of the Ukraine war when it reported record profits of £23 billion last year.

Evening Standard

Oil giant BP 'laughing its way to the bank' as profits DOUBLE

PROFIT more than doubled at oil giant BP last year to hit record highs ...

The National (Scotland)

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NatWest taking ‘pretty hard line’ on crypto; pound below $1.20; UK house prices ‘stable in January’ – as it happened

Dame Alison Rose, the head of NatWest, tells MPs her bank is preventing customers from investing in crypto assets, as part of a crackdown on fraud.

The Guardian - UK

FTSE 100 Live: BP profits surge to £23 billion, house prices stable

BP today racked up an annual profit of $27.6 billion (£23 billion), more than double the previous year’s haul after a surge in oil and gas prices.

Evening Standard

BP scales back climate goals as profits more than double to £23bn

Energy company faces calls for toughened windfall tax as it reaps rewards from high gas prices

The Guardian - UK

BP profits double to record £23bn after spike in oil and gas prices

Friends of the Earth says BP’s profits ‘will be yet more salt in the wound for millions of people who’ve struggled to afford to stay warm and well this winter’

The Independent UK

BP profits double thanks to energy price surge

Chief executive Bernard Looney said the company had its lowest production costs in 16 years

Wales Online

BP profits DOUBLE to record £23billion as millions suffer with sky-high energy bills

BP has reported an annual profit of £23billion which is the highest in its history with a whopping £23billion having been made in the last three months of 2022 alone

Daily Mirror

BP Stock Surges On Mixed Q4 Earnings, Decision To Throttle Back On Renewables

BP stock has rebounded 156% from Oct. 2020 lows of 14.74. Meanwhile, Exxon Mobil stock has ballooned 258% since then.

Investors Business Daily

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Fortune

As the role of the chief sustainability officer explodes, 4 types of leaders are emerging

The role of the chief sustainability officer is still developing.

The Independent UK

How much UK tax does Shell pay after reporting record profits?

Oil giant’s bumper year revives calls for tougher windfall levy on energy companies

Evening Standard

£32bn Shell profits fuel new windfall tax storm

The vast scale of the profit at the multinational is set to trigger calls for an even bigger increase in windfall tax

Insider UK

New Capricorn Energy board to undertake strategic review

Six new board members join the company at the chief executive is ousted

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Daily Mirror

Shell profits soar to £32billion as millions struggling to pay their energy bills

The latest figures follow MPs hearing that around 12 million households are now spending more than 10% of their income on energy bills - the previous definition of fuel poverty

The Guardian - UK

Global carbon emissions forecast cut due to Ukraine war and Biden, says BP

Oil and gas group says countries are pursuing energy security by backing domestic, renewable supplies

The Guardian - UK

Shell and BP face tough job of keeping customers and investors happy as profits roll in

The oil giants will also have to contend with intensifying calls to put more money into clean energy

Daily Mirror

Oil giants making 'obscene' £5,000 profit a second while millions struggle to heat homes

Five of the world's biggest oil companies are expected to reveal profits equating to £5,000 a second between them while millions continue to struggle with rising energy bills

AFP

UK's Royal Opera House ends 33-year BP funding deal

London (AFP) - The UK's Royal Opera House announced on Wednesday that it had ended its 33-year sponsorship deal with energy giant BP following pressure and protests from environmentalists.

Evening Standard

Royal Opera House cuts ties with long-term sponsor BP after 33 years

The oil and gas company has sponsored the opera house for more than three decades.

The Independent UK

Royal Opera House ends sponsorship relationship with BP after 33 years

Major move comes after numerous arts insitutions, from The Royal Shakespeare Company to the National Portrait Gallery, have cut their ties with the oil company

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