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The Latest Breaking News from British Petroleum

Foreign states should not be co-owners of UK newspapers

The definition of an acceptable state stake should be zero if one is serious about protecting press freedom

The Guardian - UK

Should You Buy This High-Yield Dividend Stock Amid Major Takeover Rumors?

BP’s stock price surged amid takeover rumors from major oil companies, sparking interest among investors seeking a potential buying opportunity.

Barchart

BP's chief U.S. economist worries China is winning the global energy war. Here's why

Renewable energy should double worldwide by 2050 while global oil demand is likely to peak in a decade, energy economists said.

Fortune

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BP Buyout Buzz Puts Spotlight on Transocean’s Comeback Potential

There is a new potential bidding war for BP going on, as the broader oil industry seems to be headed to a cyclically low valuation.

MarketBeat

Climate protesters target BP lobbying reception at Holyrood

Extinction Rebellion Scotland protesters have targeted a lobbying reception at Holyrood organised by oil giant BP

The National (Scotland)

Shell doesn’t need to bid for BP

The opportunity to build a European mega-cap firm is tempting, but it’s hard to beat the appeal of share buy-backs

The Guardian - UK

FTSE edges higher amid UK-India trade deal to continue winning streak

The FTSE 100 finished up by 0.01%, or 1.07 points, to close at 8,597.42.

Evening Standard

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BP shares rise amid reports Shell considering takeover offer

The oil major saw its shares lift on Tuesday, following reports its biggest rival is weighing whether to launch a takeover bid.

Evening Standard

Shell reportedly weighing up merits of making move to buy BP

Such a takeover would be one of biggest deals ever in oil and gas industry

The Guardian - UK

Cost of emissions from five major Australian resource companies more than $900bn, study finds

US researchers link BHP, Rio Tinto, Santos, Whitehaven Coal and Woodside Energy to specific climate harms over three decades

The Guardian - AU

Exxon and Chevron hold the line against tariffs, OPEC, and plunging oil prices

Exxon Mobil and Chevron are pushing back on “shortsighted” investors and maintaining their growth plans even as they feud with each other.

Fortune

Shell Net Profit Sinks 35% In First-quarter As Oil Prices Fall

British energy giant Shell on Friday reported a sharp drop in first-quarter net profit as it was hit by weaker oil prices but pushed ahead with shareholder returns.

International Business Times

Australia's Woodside jumps to front of US LNG race with ‘single biggest investment’

Woodside now homes in on new financial partners for its $175 billion project.

Fortune

UK stocks buoyed as ‘optimism’ enters markets amid raft of company earnings

The FTSE 100 rose 46.12 points, or 0.55%, to close at 8,463.46.

Evening Standard

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The National (Scotland)

BP profits tumble after 'planet-wrecking' shift back to oil and gas

BP profits have tumbled in the first quarter of this financial year – as climate campaigners blasted the firm’s move away from green investments…

Euronews

BP sees major downturn as gas trading and refining divisions lag

BP's CEO has reassured investors that BP will be watching market volatility and will be focusing on strengthening its balance sheet to improve shareholder value in the long-run.

International Business Times

BP Profit Drops 70% Amid Pivot Back To Oil And Gas

Britain's BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business.

The Guardian - UK

BP green energy chief to exit as it retreats from low-carbon investments

Oil company says Giulia Chierchia will not be replaced after pressure from investors including Elliott

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Evening Standard

BP makes ‘significant progress’ on fossil fuel strategy as profits slump

The company also reported that its debts swelled to 27 billion US dollars (£20.1 billion).

Euronews

Scientists say they can now calculate the trillions in climate damage caused by fossil fuel giants

Experts believe the research could help bolster climate laws and make polluters pay for their role in global warming.

The Independent UK

The world's biggest companies have caused $28 trillion in climate damage, a new study estimates

A new study estimates that the world’s biggest corporations have caused $28 trillion in climate damage, which is a shade less than the sum of all goods and services produced in the United States last year

The Guardian - UK

NatWest chair thanks UK taxpayers for bailout ahead of return to private ownership

Rick Haythornthwaite said bank was indebted to public for £46bn rescue package that kept it afloat in 2008

The Independent UK

NatWest changes its policy over investing in oil and gas companies

Changing its language around what it can invest in raises serious questions over the bank’s formerly-pioneering green policy, campaigners say

Fortune

The Gulf of Mexico is seeing an oil resurgence, and Chevron just brought another big project online

New technologies and cost savings are unlocking Big Oil projects in the Gulf.

The Independent UK

15 years after Deepwater Horizon oil spill, lawsuits stall and restoration is incomplete

Fifteen years after the Deepwater Horizon disaster off the Gulf Coast, the effects of the largest oil spill in U.S. history are still being felt

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