bp in the news

BP faces potential conflict with activist investors at its annual meeting amid market competition updates.

BPX CEO Kyle Koontz details how rapid shale drilling cycles enable technology testing, cost reduction, and knowledge transfer across the company.

BP's CEO, Meg O'Neill, is prioritizing debt reduction and disciplined capital investment, with an interest in profitable low-carbon options like biofuels and hydrogen, and opportunities in LNG.

BP is maximizing diesel production at its refineries in response to global supply disruptions and price pressures, while prioritizing debt reduction over increased capital expenditure.

Several energy companies, including bp, OMV Group, Ford Energy, and TenneT, have announced new leadership appointments.

BP has finalized its agreement with Eco Atlantic to operate exploration blocks in Namibia's Walvis basin.

Wells Fargo upgraded BP's stock to Overweight with a higher price target, while downgrading ExxonMobil.

A federal investigation found that a fatal refinery explosion in Oregon, Ohio, that killed two brothers was caused by a series of cascading events, including an overwhelming number of alarms, lack of clear procedures, and a failure to shut down the unit.

Wells Fargo upgraded BP to Overweight and downgraded Exxon Mobil to Equal Weight, while Goldman Sachs upgraded Occidental to Buy.

BP appointed Ben Monaghan as the new head of mergers and acquisitions to reshape its portfolio.

BP appoints Ben Monaghan as M&A chief starting in early 2027, aligning with the company's focus on disciplined, profitable investments and divestments.

BP is trading 12 petrol stations for the right to operate EV charging at more than 30 Roadchef service areas.

Private fuel retailers Jio-bp and Nayara Energy have capped diesel sales due to bulk buyers shifting to cheaper retail pumps, causing inventory strain.

BP is reportedly weighing the sale of its Brazilian biofuels business.

BP is exploring US shale acquisitions, but UBS advises the company to reduce debt first to gain investor confidence for new deals.

BP walked away from a potential $4.5 billion deal to acquire Devon Energy's Eagle Ford Shale assets, impacting Devon's stock and its ongoing investor pressure to streamline its portfolio.

BP is reconsidering U.S. shale acquisitions, including Devon Energy's Eagle Ford assets, as it pivots back to oil and gas growth under CEO Meg O'Neill.

BP is reportedly exploring a multi-billion dollar acquisition of Devon Energy's South Texas shale assets, including the Eagle Ford position, amidst strong stock performance and ongoing cost reduction efforts.