There were also bright spots in the statement, which comes ahead of official second-quarter earnings on Aug. 5.

BP has delayed a New York investor event to allow boss Murray Auchincloss to recover after a medical procedure. The oil giant said: “Mr Auchincloss has recently undergone a planned medical ...

The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not ...

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

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 ...

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 ...

Money; BP; BP boss Murray Auchincloss has medical procedure as oil company faces weaker trading The group confirmed its annual results will go ahead on February 11 as planned, but it will delay a ...

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 ...

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 CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports.

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

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 ...