Bernard Looney

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BP’s debt pile of $39 billion is expected to rise in the first half of this year as it continues to struggle with a weak business environment. Photograph: Andrew Milligan/PA Wire

BP plunged to a $5.7 billion (€4.74 billion) loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy co(...)

Reducing costs is vital for Shell’s plans to move into the power sector and renewables where margins are relatively low

Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil an(...)

Bernard Looney, chief executive of BP. Photograph: Aaron Chown/PA Wire

UK energy major BP has warned of a peak in oil demand within the next few years, signalling that the coronavirus pandemic is ushering in an earlier th(...)

BP has bought US offshore wind assets from Norway’s Equinor. Photograph:  Paul Ellis/AFP via Getty Images

Oil giant BP, which announced a seismic strategy shift last month, made its first venture into offshore wind power with a $1.1 billion (€928 million) (...)

BP says  over the next decade it aims to increase its annual low carbon investment tenfold, to around $5bn  a year. Photograph: PA Wire

BP slashed its dividend for the first time since the Deepwater Horizon disaster in 2010 as the oil major accelerates a strategic overhaul of its busin(...)

Segway: It’s the end of the road.  Photograph: Ty Wright/Bloomberg

The future of public transportation will shortly be a thing of the past. Later this month, Segway will produce the last of the two-wheeled personal tr(...)

BP raised $5bn in US currency, €4.75bn and Stg£1.25bn in the United States, Europe and the UK, respectively. File photograph: Andrew Milligan/PA

UK oil major BP raised nearly €11 billion of debt with equity-like features on Wednesday, taking advantage of hot corporate credit markets to fortify (...)

BP CEO Bernard Looney is a newcomer to Instagram and a rarity. Only 11% of oil and gas company chief executives are active on social media. Photograph: AFP

Last week David Solomon, the boss of Goldman Sachs, was enjoying a spot of sunshine at a tech conference in San Francisco. Bernard Looney, BP’s new ch(...)

Bernard Looney

BP’s new Irish chief executive Bernard Looney has pledged to cut its greenhouse gas emissions to net zero by 2050 or sooner in one of the most ambitio(...)

BP’s incoming chief executive is Listowelnative Bernard Looney.

Irishman Bernard Looney has been named as incoming chief executive of oil giant BP, the second time this week that an Irish person has taken over at a(...)

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