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The Latest Breaking News from British Petroleum

BP will divest stake in Russian oil giant Rosneft

BP CEO Bernard Looney will immediately resign from Rosneft's board.

Axios

BP abandons stake in Russian oil giant Rosneft with up to $25bn charge after Putin orders Ukraine invasion

Chief executive Bernard Looney is resigning from Rosneft’s board with ‘immediate effect’

The Independent UK

Putin signals escalation as he puts Russia’s nuclear force on high alert

Deterrence order given as Zelenskiy says Ukraine delegation will meet Russian officials at Belarus border

The Guardian - UK

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Latest Russia-Ukraine updates: Kyiv to hold talks with Moscow

Ukraine news from February 27: Putin puts Russia’s nuclear forces on high alert as Kyiv agrees to talks.

Al Jazeera

Brent Crude surpassed the $100 per barrel mark yesterday on the news of the Russian invasion of Ukraine. Oil prices can surge even higher due to tight supply. Hence, oil and gas stocks like Exxon Mobil (XOM) and Chevron (CVX) might be good buys. while stocks BP p.l.c (BP) and…

StockNews.com

BP’s ties to Russia draw UK government ‘concern’

Oil firm holds 22% stake in Rosneft, run by Putin’s de facto deputy, and made $2.7bn profit from arrangement last year

The Guardian - UK

BP warned last year of impact on business if Russia hit with sanctions by West

The oil giant owns a nearly 20% stake in Russia’s Rosneft.

The Independent UK

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Could share buybacks be the next big controversy on the FTSE?

Critics say the billion-pound giveaways should be invested in the business instead of being returned to shareholders

Evening Standard

UK politics live: Boris Johnson imposes sanctions against Putin and Lavrov – as it happened

Latest updates: PM also urges leaders to take ‘immediate action’ to ban Russia from Swift payment system; sending Nato forces to Ukraine would risk leading to ‘existential’ threat, says minister

The Guardian - UK

Michigan Witness-Retaliation-by-Threats Law Requires Intent to Threaten Physical Injury (or Crime)

One judge would have held that threats to injure reputation are criminalized by the law, but the other two disagreed.

Reason

Scottish Ballet ends sponsorship deal with BP

The announcement comes as the National Portrait Gallery said its partnership with BP will end this year.

The Independent UK

National Portrait Gallery and BP end 30-year partnership after pressure from climate activists

Cultural centre has collaborated with the oil and gas company for over 30 years

The Independent UK

National Portrait Gallery and BP to cut ties after 30 years

Firm will cease sponsorship of portrait award, in latest boost to campaign against oil involvement in the arts

The Guardian - UK

‘Courageous’ till worker tackled man who set fire to petrol station forecourt

Lahrne Dobbs could have blown up the BP garage in Rogiet

Wales Online

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Liverpool Echo

'Underperforming' BP petrol station to be turned into 24 hour Asda

The convenience store would be across the road from Lidl and close to an Asda superstore

The Guardian - UK

Stonehenge glories are tarnished by British Museum’s oil giant backer

This great cultural institution’s trustees must refuse to renew its sponsorship arrangement with BP

Inverse

Fossil fuel companies own green rhetoric betrays an ugly truth — analysis

Scientists analyzed top fossil fuel companies' rhetoric, business strategies, and investments, and found their clean energy discourse doesn't match their actions.

The Guardian - UK

Oil firms’ climate claims are greenwashing, study concludes

Most comprehensive scientific analysis to date finds words are not matched by actions

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ABC News

Big oil all talk, no action on climate change? Researchers say they've got the proof

Analysis of the investments of Shell, Chevron, BP, and ExxonMobil finds their transition to clean energy companies "is not occurring", despite pledges to the contrary.

Edinburgh Live

Edinburgh's cheapest filling station fuel prices uncovered amid record-high inflation

With the cheapest destinations within Edinburgh coming from supermarket garages, the data also revealed that the difference in price between petrol and diesel is slim compared to previous years

Evening Standard

BP ‘stupidly’ got into Russia, says anti-corruption campaigner Bill Browder

One of the world’s leading anti-Russian corruption campaigners has blasted BP for its investments in the region, saying the British oil giant was “stupid” for going into business there.

Liverpool Echo

Cheapest places for petrol in Merseyside as cost of living surges to record levels

Prices of petrol hit record highs over the weekend

Benzinga

Why BP, Exxon Mobil And Marathon Oil Shares Are Falling

Shares of energy companies, including BP plc (NYSE: BP), Exxon Mobil Corp (NYSE: XOM) and Marathon Oil Corporation (NYSE: MRO

Daily Mirror

UK petrol prices hit all time high at £81 a tank as living costs surge to record levels

The surge comes just a week after oil giant BP posted its highest annual profit in eight years amid mounting pressure on the sector as the cost-of-living crisis deepens

The Guardian - UK

What could be fairer than a tax on oil and gas’s North Sea winnings?

Labour is pushing for a windfall tax on the industry’s bonanza – and Sunak must grasp that this is not even an ‘un-Tory’ idea

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