BP said that second-quarter profit took a hit from lower crude prices, becoming the latest oil major to issue such a warning.

BP has said lower oil and gas prices will weigh on its earnings in the second quarter, even as the energy major flagged an ...

Shell's robust rejection of these reports appears to have, for now, thrown cold water on a potential takeover bid for BP.

Shell has denied it. No plans to buy BP. No talks. Nothing to see. Still, when your biggest domestic rival has to publicly ...

BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity 20-fold between 2019 and 2030 to 50 gigawatts. LOGIN. SUBSCRIBE.

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while refusing to comment on an analyst’s question about whether he’s had ...

BP will slash over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence after the energy giant was rocked by scandal, the company ...

Murray Auchincloss, who took over as chief executive a year ago after his predecessor, ... Mr. Auchincloss said BP saw “the potential to grow” in oil and gas through the decade.

BP Plc Chief Executive Officer Murray Auchincloss appeared at a key US energy major conference in Houston on Tuesday, talking up his reset for the troubled British oil major.. Under pressure from ...

The striking part of the statement is that it was made under what is known as 2.8 of the UK City Code on takeover and mergers. That might seem dull, but in theory, it means Shell has barred itself ...

The announcement means that Shell will not be able to make a formal takeover approach for BP for six months, under City rules ...

LONDON] Shell said it has no intention of making a takeover offer for BP, refuting an earlier report that two of Europe’s biggest companies were in active merger talks. Read more at The Business Times ...