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The Latest Breaking News from British Petroleum

BP to develop offshore gasfield in Venezuela with firms linked to Trump administration

Move will be one of first large-scale foreign investments in country since US ousted leader Nicolás Maduro in January

The Guardian - UK

BP returns to Venezuela with Gulf partners as post-Maduro energy opening speeds up

Venezuela has awarded BP a licence to develop the offshore Loran gas field alongside state-backed partners from the UAE and Qatar, marking the British company's return to a country whose energy sector has been reopening to foreign investors since US forces captured Nicolás Maduro.

Euronews

No state killing

Re: "Down with the death penalty?", ( BP, Aug 9).

Bangkok Post

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Overwatch's huge "battle pass revamp" is out tomorrow and makes things a lot more complicated but, seemingly, better

New Overwatch battle pass "Tier Hack" lets players unlock old skins

GamesRadar

FTSE 100 ends lower as oil price pushes higher

The FTSE 100 index closed down 38.59 points, 0.4%, at 10,862.50.

Evening Standard

$48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?

Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oil prices surging above $100 a barrel amid US-Iran hostilities. Their combined cash generation hit a record $90 billion, surpassing levels seen after Russia’s 2022 invasion of…

The Economic Times

Man Fuels Up At BP. Then He Catches Them Overcharging For Gas: ‘How Did 15 Gallons Get Charged?’

"Scamming on fuel."

Motor1

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BP Is Selling Another Green Energy Business. Strong Oil Prices Help Drive Best Profit Since 2022

In its earnings statement, CEO Meg O'Neill said BP is taking a fresh look at the business to improve performance, reduce complexity and strengthen areas that generate stronger financial returns,

International Business Times

SNP 'more extreme' on oil and gas than Donald Trump, say campaigners

THE SNP have a “more extreme” position on oil than Donald Trump, according to an environmental pressure group.

The National (Scotland)

BP boss is unsentimental in pruning portfolio and clear on North Sea advice to Burnham

Meg O’Neill is overseeing rapid clearing of the decks at BP after strategic muddle of recent years, with ‘message’ for new PM

The Guardian - UK

Revealed: major oil firms make $93bn profits amid war and climate crisis

Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damage

The Guardian - UK

Miners prosper while oil drops on new Middle East peace hopes

The FTSE 100 index closed up 21.68 points, or 0.2%, at 10,879.38.

Evening Standard

BP’s Q2 Profit Doubles Amid Middle East Conflict, but It Cuts Production, Capex Outlook

BP p.l.c. (NYSE:BP) stock is trading lower on Tuesday after the energy major reported second-quarter results that surpassed Street estimates.

Benzinga

BP’s £4.2bn Iran ‘war bonus’ fuels anger over UK soaring energy bills

BP has been slammed for raking in billions from a “war bonus” boosted by the US-Iran conflict, while UK households face soaring energy bills

The National (Scotland)

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The Independent UK

BP profit doubles to $5.7bn as war between US and Iran drives up oil prices

The five majors, BP, Shell, ExxonMobil, Chevron and TotalEnergies, together made about $46bn between April and June

International Business Times UK

Trump Blasts Exxon, Chevron Over $26B Iran War Windfall, Vows They'll 'Give Some Back'

Donald Trump criticises major oil companies for profiting from the Iran conflict, urging them to reduce consumer prices as Americans face rising fuel costs ahead of midterm elections.

The Guardian - UK

First Thing: Trump chastises oil companies for ‘making too much money’ from his Iran war

US president takes aim at profits as oil companies worldwide benefit from US-Iran conflict

Euronews

BP profit more than doubles as Middle East conflict boosts oil prices

British energy giant BP said on Tuesday that its net profit more than doubled in the second quarter as the Middle East war roiled oil and gas markets.

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The Guardian - UK

Trump accuses oil companies of ‘making too much money’ from his war on Iran

US president hits out at ExxonMobil and Chevron, saying they should ‘give some of that back to the public’

The Independent UK

BP slammed as profits more than double during Iran war

Campaigners have also accused BP of ‘profiteering’ from a ‘climate crisis’

Evening Standard

BP profits soar to four-year high after boost from Iran war

Campaigners have accused the company of being ‘price shock profiteers’ during the conflict.

The Guardian - UK

BP boss urges Burnham to prioritise UK oil and gas even as firm exits North Sea

Meg O’Neill says ‘where we generate jobs, we generate tax revenue’, as company’s profits more than double

The Guardian - UK

Oil profits boom on ‘war bonus’ as Trump blasts energy giants for ‘making too much money’ - as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

Eight London boroughs getting new tech to combat shoplifting in crackdown by Met Police

Pilot of tech used by retailers like Boots and Greggs has helped officers quadruple the number of shoplifters being brought to justice

The Independent UK

Tesco, Boots and Greggs among retailers using new tech to crack down on shoplifting in London

The software has helped detectives track, arrest and build cases against offenders more quickly

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