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The Latest Breaking News from British Petroleum

South Africa’s largest oil refinery sold for a few cents: will BP and Shell be held accountable for environmental damage?

The sale of the South African Petroleum Refinery (Sapref), jointly owned by multinational energy companies BP and Shell, to the state-owned Central Energy Fund for R1 (five US cents) raises questions about whether the company is evading its social and environmental liabilities.

The Conversation

Tate director Maria Balshaw: ‘I still come into work feeling terrified’

The art gallery boss on the role of museums today, the politics of sponsorship and how Cornelia Parker influenced her decision-making

The Guardian - UK

Why the US oil majors may end up doing more for the green transition than their (slightly) more progressive European rivals

The energy transition is not on track to mitigate the effects of climate change. Take the case of Shell, whose shareholders recently voted to decelerate the UK-based oil giant’s climate targets. Shell had planned to cut its “net carbon intensity” by 20% by 2030 and 45% by 2035, but now…

The Conversation

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Petrol giant pairs with Uber to fuel electric car move

The latest electric vehicle partnership may seem unexpected as Uber and BP team up to offer drivers discount pit stops.

AAP

3 High-Yield Energy Stocks for Smart Investors

The energy sector is poised for robust growth driven by resilient global oil and natural gas demand, supply chain volatility amid geopolitical tensions and extended production cuts, and technological innovation. Hence, it could be wise to invest in high-yield energy stocks Chevron (CVX), TotalEnergies (TTE), and BP (BP) for steady…

StockNews.com

Climate activists lead Shell shareholder rebellion over decarbonization targets. Will it work?

The resolution, co-filed by climate activist investor Follow This, achieved 19% of the vote.

Fortune

"I got my left ring finger shot off. So that was the end of my guitar career pretty much": The incomparable tales of Dr John

Late New Orleans legend Dr John on that time he drank a case of Blue Nun with Frankie Miller, and other stories

Louder

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Top oil firms’ climate pledges failing on almost every metric, report finds

Oil Change International says plans do not stand up to scrutiny and describes US fossil-fuel corporations as ‘the worst of the worst’

The Guardian - US

Iraq Father Begins Legal Action Against BP Over Son's Cancer Death

Hussein Julood is taking legal action against British energy giant BP after he lost his son to leukaemia, which he alleges was caused by gas flaring at Iraq's largest oil field.

International Business Times

UK ‘net zero’ project will produce 20m tonnes of carbon pollution, say experts

Government told Net Zero Teesside gas scheme will be massive polluter despite its carbon capture claims

The Guardian - UK

BP Expanding EV Charging In US Following Tesla Supercharger Changes

BP expands EV charging unit in the US to support sustainability and meet growing EV market demand.

Top News

BP Wants To Snag Abandoned Tesla Supercharger Sites

Tesla suddenly scaled back its EV charging efforts. The competition is swooping in.

InsideEVs

BP right to hold steady on climate targets despite below forecast profits

Although chief executive Murray Auchincloss has left himself room to pump more oil and gas, renewables should start generating greater returns

The Guardian - UK

BP plans cost cutting alongside multi-billion payday for investors as profits miss forecasts

New CEO at FTSE 100 oil multinational points to $2 billion in ‘cash cost savings’

Evening Standard

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Evening Standard

FTSE 100 Live 7 May: Index at yet another record, BP profits down

The momentum for London’s FTSE 100 index is continuing in a session that has also featured BP quarterly results.

The Guardian - UK

BP to cut $2bn in costs as profits miss forecasts

Oil company to maintain pace of share buybacks despite impact of falling gas prices

The Guardian - UK

LockBit ransomware group’s leader unmasked and hit with sanctions; UK house prices inch higher– business live

Leader of major cybercrime group has been unmasked and sanctioned by the UK, US and Australia, authorities say

InsideEVs

Elon Musk’s Supercharger Chaos Could Slow The EV Transition. But It Doesn’t Have To.

Tesla is pumping the brakes on EV charging. That creates opportunities for competitors, industry analysts told InsideEVs.

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The Guardian - UK

Tributes paid to woman found dead in Surrey hotel as man charged with murder

Samantha Mickleburgh, 54, was ‘loved by many’ and an ‘incredible mother’, her family said

Evening Standard

Iraqi father launches legal action against BP over son's death from leukaemia

Hussein Julood alleges his son Ali died after being exposed to pollutants from an oil field near their home in Iraq

International Business Times UK

Tesla Layoff Scandal: Workers Unaware Until Badge Scans Deny Them Entry

Tesla lays off 10 per cent of its workforce, some unaware until denied entry by security badge scans at factories.

Top News

BP's EV Charging Arm Scales Back, Cuts Jobs Amid Challenges

BP's EV charging arm restructures to enhance efficiency and focus on sustainable growth strategies.

The Guardian - UK

Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’

Billionaire says ‘there is nothing I hate more’ than cutting staff as more than 10% of workforce to be affected

The Guardian - UK

Abu Dhabi state oil company reportedly looked at buying BP

Adnoc decided move was not right fit but it is latest sign of foreign buyers circling UK firms

Barchart

2 Energy Dividend Stocks to Buy as Analysts Raise Oil Price Forecasts

With analysts raising oil price forecasts amid high demand and tightened supply, here are two dividend-paying European energy stocks for investors to consider.

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