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 ...

Total pay for BP's CEO more than doubled to $12 million last year, the energy giant said Friday, as soaring energy costs allowed oil and gas companies to rake in record profits while squeezing ...

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 ...

BP plc’s chief US economist Michael Cohen said the oil industry focused too much on cutting greenhouse gases last ...

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

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, ...

Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists. The ...

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 ...

Oil group Saudi Aramco said on Sunday (12) it achieved record profits totaling USD 161.1 billion (BRL 834 billion) in 2022, ...