Bernard Looney, who once called the oil firm a "cash machine", has seen profits jump on soaring prices. Critics want the windfall tax to be extended after BP and Shell reported record profits for ...

Ben and Max Morrissey were burned to death in an explosion and fire at the BP Husky oil refinery in Oregon, Ohio, just outside of Toledo. For American capitalism, the life of a worker is very cheap.

Workers are being left out in the cold when it comes to sharing this wealth, according to Unite general secretary Sharon ...

Across the Channel, BP on Tuesday announced net profits of $27.7 billion ... Norway’s Equinor, meanwhile, announced record net profits of $28.7 billion in a year that it replaced Russia as the EU’s ...

The Saudi Arabian Oil Company, commonly referred to as Saudi Aramco, posted a record profit of $161 billion in 2022 amid ...

As BP faces backlash on dialing back on its pledge to reduce carbon emissions by 40% in 2030, the company insists it is ...

BP’s chief US economist Michael Cohen said the oil industry focused too much on cutting greenhouse gases last year, eroding its ability to keep pace with demand. “2022 taught us that too much focus on ...

This climate oil price cap would be designed to increase the relative profitability and so financial appeal of renewables by limiting the upside on oil activities specifically ...

The profits follow similar reports in February from international peers BP, Shell, Exxon Mobil and Chevron which have mostly posted record profits for last year. Oil prices swung wildly in 2022, ...

Chancellor of the Exchequer Jeremy Hunt is considering limiting the windfall tax on the profits of UK oil and gas companies ...

Aramco’s results are consistent with record profits for 2022 reported by the five oil majors –- Shell, Chevron, ExxonMobil, BP and TotalEnergies — which surpassed $150 billion and would have ...

U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide ...