UK supermajor BP has agreed to sell a 65% stake in its Castrol subsidiary to global investment firm Stonepeak, in a deal giving the lubricants player an enterprise value of $10.1 billion. BP confirmed ...

BP on Thursday made an abrupt shift in leadership, as CEO Murray Auchinloss is stepping down immediately after less than two years on the job. Auchinloss had struggled to win investor backing for his ...

British oil giant BP just announced a new CEO, marking its fourth chief executive shake-up in the last six years alone. The company named Meg O’Neill, who previously led Australia’s top oil and gas ...

BP walked away from plans for a hydrogen hub in northern England, paving the way for a rival project to build a data center at a former steelworks site. The U.K. energy group pulled its application ...

CHONGQING, CHINA - JULY 31: In this photo illustration, a smartphone displays the logo of BP plc (NYSE: BP), a British multinational oil and gas company, in front of a screen showing the company's ...

Global energy giant BP said it would cut thousands more jobs by the end of this year, as the company continues to reduce its renewable energy plans to focus more on its longtime core business of oil ...

BP joins majors betting on Brazil for major future output Santos basin find may be BP's biggest since 1999 Azeri discovery CO2 level could threaten viability, says Petrobras ex-CEO BP is seeking to ...

English is the official language of the West African country, which was founded in part by freed American slaves. By Shawn McCreesh and Zolan Kanno-Youngs Reporting from Washington “Where did you ...

Market chatter about a potential Shell-BP merger has intensified, fueled by BP’s weak performance, strategic flip-flops, and investor dissatisfaction. Shell formally ruled out a bid for BP in the ...

Shell refuted the takeover rumors, yet the speculation emphasizes what investors are beginning to recognize: BP’s significant discount and strategic shift might be due for reevaluation. With shares ...

Shell denied that it was in talks to buy BP after the Wall Street Journal reported Wednesday that the oil major was in early discussions over a takeover of its British rival. “No talks are taking ...