Energy giant BP has reported record annual profits as it scaled back plans to reduce the amount of oil and gas it produces by 2030. The company's profits more than doubled to $27.7bn (£23bn ...

The figures add weight to calls for a windfall tax to be imposed on BP and rival Shell. Both made record profits of more than £9 billion last year, with BP's figure the highest ever recorded by a ...

Oil giant BP Amoco today reported a massive rise in ... The rise came days after rival Shell announced record profits - rising 85% during the year to £9 billion. And angry critics warned the ...

But with oil below $80 per barrel in recent weeks and persistent concerns about global oil demand, analysts have started to ...

The energy multinational faced anger from green groups over reports it wants to ditch its 2030 pledge to reduce oil and gas ...

Once, these sorts of corporate pledges were all the rage. Now, companies are starting to admit they weren't serious.

The oil supermajor's chief executive, Murray Auchincloss, is looking to win back confidence among investors concerned about ...

The O&G industry uses dividends and share buybacks to signal financial stability and attract investors, but faces growing ...

Analysts said that major energy companies will borrow billions of dollars to maintain payouts to shareholders or reduce the ...

BP (NYSE:BP) is scaling back its energy transition strategy and will drop its ambitious target of cutting oil and gas ...

Global stock indexes reached record highs on Thursday after chipmaker Micron Technology's upbeat forecast, while oil dropped ...

The deal eclipses Tourmaline Oil Corp.’s $1.3-billion acquisition of Crew Energy Inc. in August as the largest Canadian oil ...