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The Latest Breaking News from British Petroleum

Oil Giant BP Reports Drop In Third-quarter Net Profit

The group earlier this month flagged to markets that its latest earnings would take a sizeable hit after oil prices have fallen on concerns over Chinese demand and the prospect of higher crude production in 2025.

International Business Times

BP posts weakest quarterly profits in almost four years amid lower oil prices

Energy company says it plans to cut at least $2bn of cash costs from the business by the end of 2026

The Guardian - UK

BP delivers smallest quarterly profit since the pandemic amid shareholder unrest

Oil supermajor to reward investors with a dividend of 8 cents and a $1.75 billion share buyback “as part of our $3.5 billion commitment for the second half of 2024.”

Evening Standard

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BP profits slump as faltering demand hits refining margins

The energy giant said profits were down more than 30% compared with the same period a year earlier, amid faltering oil demand globally.

The Independent UK

FTSE 100 Live 29 October: HSBC shares rally as results beat hopes, BP profits fall

Top marks for Pearson and forecast-beating HSBC today contrasted with a results-day setback for BP near the foot of the FTSE 100 index.

Evening Standard

Oil prices tumble as ‘hopes of de-escalation’ in Middle East rise

The FTSE 100 moved 36.78 points higher, or 0.45%, to close at 8,285.62.

Evening Standard

FTSE 100 Live 28 October: Oil price slide hits BP and Shell, Trainline upgrades guidance

A 5% slide in the price of Brent Crude today ensured BP and Shell led the fallers board during an otherwise resilient session for the FTSE 100 index.

Evening Standard

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BP and Shell to reveal lower profits amid decline in oil refining margins

BP reports third quarter results on Tuesday and Shell on Thursday when faltering oil demand is expected to hit earnings.

The Independent UK

Amazon Prime now includes discounts on gas — how to get yours now

Amazon is giving Prime members a new money-saving benefit that makes the service an even better value.

Tom’s Guide

Amazon Prime members can save 10 cents per gallon at the gas pump

New perk follows similar discount from Walmart.

Fortune

Shell slips from the Fortune 500 Europe list’s top spot, lending its crown to troubled Volkswagen

Shell’s record profits in 2022 catapulted it to the top of the Fortune 500 Europe list last year. Could it win back its crown from Volkswagen next year?

Fortune

Balzac Paris x Barbour is back with another sell-out collection

Cool-girl approved

Marie Claire

‘Very concerning’: BP dilutes net zero targets as global retreat from green standards gathers pace

The oil giant’s new focus on fossil fuels signals another defeat for environmental, social and governance aims and has angered campaigners

The Guardian - UK

Victoria Taylor: Police search river in hunt for missing mother after finding possessions nearby

Missing person Victoria Taylor’s family is experiencing “unimaginable” distress, police said

The Independent UK

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Barchart

This AI Software Stock is Now a Strong Buy, Says Wall Street

This underperforming AI stock just received an upgrade, and is extending its run into positive territory for 2024.

The Guardian - UK

BP ‘abandoning plan to cut oil output’ angers green groups

Reports of strategy reset leave campaigners saying company is prioritising profits over planet

The Guardian - UK

UK’s £22bn carbon capture pledge follows surge in lobbying by fossil fuel industry, records show

Scope of oil and gas influence underscores concerns technology will prolong demand for planet-heating natural gas

Dynamite News

Manipur Police recovers huge cache of arms from Kakching and Thoubal

Manipur Police during search operations in vulnerable areas of hill and valley districts recovered ammunition and other warlike stores. Read further on Dynamite News:

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The Independent UK

Victoria Taylor’s heartbroken fiancé begs missing mother to come home after almost a week missing

Victoria Taylor went missing from her home in Malton, North Yorkshire, on Monday

The Guardian - UK

Labour to commit almost £22bn to fund carbon capture and storage projects

Investment will fund two CCS clusters – but environmental campaigners have criticised plans

The Texas Tribune

Fourteen years after BP oil spill, Galveston scientists are striving to save the Gulf’s deep-sea coral

The massive 2010 oil spill damaged or killed coral in the Gulf of Mexico. Now some of the $20 billion settlement is helping researchers learn how to help the coral recover.

International Business Times

Virginia Man Wearing Ankle Monitor Robbed 2 Stores

Demario Fisher could end up spending the rest of his life behind bars.

The Guardian - UK

Oil pollution in UK waters far worse than reported, says conservation group

‘Opaque’ recording system means recorded volume of everyday oil pollution over the past decade should be increased by 43%, according to Oceana report

The National (Scotland)

True North Sea oil spill levels 'double' official reports, study finds

TOXIC North Sea oil spills have been “grossly” underestimated with the real levels double the officially reported figures in the past three…

Evening Standard

Martin Jackson: Prolific shoplifter who caused 'misery' to Greenwich businesses jailed for three years

Martin Jackson was sentenced to three and a half years in prison

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