Big Oil commits to Big Returns for shareholders as profits keep flowing February 10, 2024 In an era when big oil needs to keep investors happy - how far can buybacks go?
FTSE 100 close: Strong BP results powers London markets higher February 6, 2024 London's FTSE indexes posted strong gains on Tuesday morning as a bumper buyback announcement from BP sent the capital's premier index higher.
BP eyes value over volume as new chief sets out his ambitions February 6, 2024 BP CEO Murray Auchincloss said the firm will be "super focused" on returns
‘Too early to tell’ the financial hit as BP rig downs tools after pipe goes AWOL February 6, 2024 A gigantic oil rig performing sub-sea drilling for UK supermajor BP has malfunctioned in bad weather, reports suggest. Upstream Online has said that the semi-submersible rig known as Ocean GreatWhite, “unintentionally” dropped its riser to the seabead and subsequently lost it amidst bad weather. A riser is a large-diameter pipe that helps transport mud taken [...]
BP promises bumper share buyback as new boss hails profit beat February 6, 2024 BP has increased its buyback programme to $3.5bn for the start of 2024
Week ahead: BP’s strategy under new chief, UBS’ Credit Suisse integration update February 4, 2024 Markets are bracing for full-year results from BP and UBS this week, while several regions will release data on the performance of the services sector.
Oil giant BP names first female CFO ahead of 2023 results February 2, 2024 Since September last year, Kate Thomson served as interim chief financial officer when the previous incumbent-now chief executive Murray Auchincloss stepped up to the interim leader position.
Yemen’s Houthi Red Sea attacks and fresh Jordan violence weigh on oil as Middle East unease widens January 29, 2024 Trafigura is the latest major commodity shipper to be targeted by Houthi rebels
‘More cash than we know what to do with’: The big questions for BP’s new chief Murray Auchincloss January 17, 2024 Murray Auchincloss, chief executive officer of BP Plc, during a panel session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, on Monday, Oct. 2, 2023. The annual strategic energy conference runs from Oct 2-5. Photographer: Christopher Pike/Bloomberg via Getty Images
BP company man Auchincloss named permanent chief January 17, 2024 BP was late on Tuesday night putting the finishing touches to the permanent appointment of interim boss Murray Auchincloss as CEO, according to reports.