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The Latest Breaking News from British Petroleum

Gulf of Mexico oil drilling makes too-little, too-late comeback

A new wave of oil platforms is sweeping into the U.S. Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.

Tribune News Service

BP's Earnings Outlook

BP (NYSE:BP) is set to give its latest quarterly earnings report on Tuesday, 2022-05-03. Here's what investors need to know before the announcement. Analysts estimate that BP will report an earnings per share (EPS) of $1.33.

Benzinga

BP to pay more than $65,000 over 2020 jet fuel spill in Adelaide's Port River

Petroleum giant BP will pay a $48,000 fine and other costs for spilling jet fuel into Adelaide's Port River in 2020, triggering complaints to environmental authorities from concerned residents.

ABC News

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Rate of UK dividend growth far outstripping wage increases, says report

Thinktank says workers would have £2,100 a year more on average if wages over past two decades matched shareholder payout rises

The Guardian - UK

High energy prices leave oil giants untroubled by Russia exit or tax hints

BP and Shell are expected to report increased profits this week despite taking a big hit from the war in Ukraine

The Guardian - UK

Disney Communications Chief Geoff Morrell Resigns After Three Months

Geoff Morrell, the Walt Disney Co.’s (NYSE: DIS) chief corporate affairs officer who crafted the company’s public response to Florida’s so-called “Don’t Say Gay” legislation, has left the company after three months on the job.

Benzinga

M5 service stations: The best and worst rated by TripAdvisor reviews

Customers have ranked the best service stations on the motorway for those driving this bank holiday weekend

Bristol Post

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Peering Into BP's Recent Short Interest

BP's (NYSE:BP) short percent of float has risen 3.39% since its last report. The company recently reported that it has 19.74 million shares sold short, which is 0.61% of all regular shares that are available for trading.

Benzinga

Oil and gas industry defends North Sea spending levels as Kwarteng urges more

Business secretary calls for increased investment by energy producers to avoid being hit with tax on soaring profits

The Guardian - UK

Europe: Volkswagen And BP Launch Rapid Rollout Of Fast Chargers

Volkswagen Group and BP announced the launch of their strategic partnership related to electric vehicles across Europe.

InsideEVs

Volkswagen Aims To Install 8,000 EV Fast-Charging Spots In Europe By 2024

Volkswagen Group (OTC: VWAGY) said on Thursday it plans to install up to 8,000 fast charging points for electric vehicles across Europe in partnership with the U.K.-based oil major BP Plc (OTC: BPAQF).

Benzinga

Govt asks state-run petroleum firms to consider buying Russian oil assets

The call on companies to explore buying the stake in Rosneft came after BP CEO Bernard Looney met Petroleum Minister Hardeep Singh Puri in March

The Hindu

Sunak would do well to retain option of windfall tax on oil and gas profits

Firms’ bleating would fade if sum is as little as £3bn, as models suggest, and levy is applied only rarely

The Guardian - UK

How would a UK windfall tax on oil and gas profits work?

Analysis: Sunak hints Labour proposal ‘not off the table’ but criteria suggests very few firms would be penalised

The Guardian - UK

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Benzinga

This Is What Whales Are Betting On BP

Someone with a lot of money to spend has taken a bullish stance on BP (NYSE:BP). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

The Guardian - UK

Rishi Sunak hints at U-turn on UK oil and gas windfall tax

The chancellor says nothing is off the table but fellow Tory ministers remain dismissive of idea

Salon

The long history of oil price shocks

Oil prices were steadily climbing before Russia's invasion of Ukraine

Benzinga

BP Earnings Conference Call Is Coming Up, Here's What You Need To Know

BP (NYSE:BP) will host a conference call at 04:00 AM ET on May 3, 2022, to discuss Q1 2022 earnings results.

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Chronicle Live

Vile yob spat blood in officer's face and kicked another in two separate attacks

Thomas Goldsborough assaulted the first constable after being arrested for shoplifting and driving while disqualified and targeted the other after being detained again three months later

This Is What Whales Are Betting On BP

A whale with a lot of money to spend has taken a noticeably bearish stance on BP. Looking at options history for BP (NYSE:BP) we detected 14 strange trades.

InsideEVs

BP Enters Into Multi-Year Contract For DC Fast Chargers With Tritium

Tritium announced that it has entered into a multi-year contract with BP for the supply of chargers and related services to support BP’s global charging network.

Benzinga

68 Biggest Movers From Yesterday

Gainers Casa Systems, Inc. (NASDAQ: CASA) shares surged 82.5% to close at $7.10 on Monday after the company announced a multi-year contract with Verizon to provide 5G core network functions.

The Guardian - UK

Climate and heritage experts call on British Museum to end BP sponsorship

Culture Unstained put together submission stating oil company ‘falls short’ in response to climate crisis

Benzinga

Mid-Afternoon Market Update: Crude Oil Rises Over 1%; Nektar Therapeutics Shares Slide

U.S. stocks traded higher in volatile session, with the Dow Jones gaining around 60 points toward the end of trading on Monday.

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