The Latest Breaking News from British Petroleum

BP plc (NYSE:BP) announced Friday that it will sell its entire U.S. onshore wind energy portfolio to LS Power, a New York-based energy infrastructure firm. This move is part of a broader strategy to streamline operations and prioritize targeted low-carbon investments.

BP said green energy still has a ‘role to play’ in the slimmed-down group as it continues to offload parts of the business.

Figures showed the UK economy shrank again in May, confounding expectations for a modest rise.

Oil prices initially spiked when the Gulf War began on August 2, 1990, as investors feared a global supply shutdown. However, as those fears subsided throughout the conflict, oil prices began steadily...

BP p.l.c. (NYSE:BP) On Friday offered a preliminary snapshot of its second-quarter performance ahead of its full earnings release scheduled for August 5, 2025. The company anticipates varied results across its businesses, shaped by declining oil prices, robust refining margins, and seasonal demand shifts.

The energy giant told investors that upstream production is now expected to be higher between April and June.

Earlier in the week, US President Donald Trump announced a new August 1 deadline for negotiations on tariffs.

Average performance figures can mask critical difference between how AI systems work and how people think.

The oil giant recently denied speculation it was considering making a bid for rival BP.