Bob Dudley

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BP announced on Tuesday a third round of spending cuts and more asset sales in the coming years to tackle an extended period of low oil prices after third-quarter profits slumped. (Photograph: BEN STANSALL/AFP/Getty Images)

BP announced on Tuesday a third round of spending cuts and more asset sales in the coming years to tackle an extended period of low oil prices after (...)

BP’s second-quarter profits have been hit by lower crude prices and the cost of the 2010 Gulf of Mexico oil spill. BP reached an $18.7 billion settlement this month to resolve most claims from the oil spill, the largest corporate settlement in US history.

BP’s second-quarter profit slumped by nearly two thirds from a year ago as it grappled with lower crude prices and took a huge $10.8 billion charge re(...)

A brown pelican coated in heavy oil from the BP spill wallows in the surf on June 4th, 2010 on East Grand Terre Island, Louisiana. Photograph: Getty Images

BP will pay a record $18.7 billion (€16.9 billion) to resolve claims by the US and five states along the Gulf of Mexico related to its Deepwater Hori(...)

A section of the BP Eastern Trough Area Project  oil platform is seen in the North Sea. BP reported a sharp fall in profits for its first quarter.

BP, Europe’s second-biggest oil company, reported first-quarter profit that beat analysts’ estimates as earnings from refining and trading offset lowe(...)

The BP chief warned it would be “a long time” before we saw $100 a barrel oil again

Oil prices rallied yesterday as BP revealed the huge damage the rout in the price has done to its business, which crashed into the red by $1 billion ((...)

 BP  became the latest energy giant to say it would slash investment this year as tumbling oil prices cut into the group’s profits.

British oil giant BP reported better-than-forecast fourth- quarter profit even as oil prices slumped, forcing Europe’s third-largest oil company to cu(...)

BP is looking at cutting its non-operations staff, including back-office employees. Photograph: Nick Ansell/PA Wire

BP is preparing to shed several thousand jobs under a cost-cutting programme that will lead to $1 billion (€800m) in restructuring charges over the c(...)

BP said in October that about $1 billion to $2 billion may be cut from the $24 billion to $26 billion of planned capital expenditure in 2015

BP has forecast about $1 billion of restructuring charges through next year as it overhauls its operations amid the crash in oil prices. “The simplifi(...)

BP said it expected fourth-quarter production to be “slightly lower”

Oil major BP’s third-quarter results took a hit from declining oil prices and a sharp drop in income from Russia as Western sanctions on Moscow led to(...)

Profits at oil giant BP have fallen from $3.9bn to $2.8bn. Photo: Bloomberg

BP, Europe’s second-largest oil company, said fourth-quarter profit fell from a year earlier as output declined and refining margins weakened. The oil(...)

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