BP CEO Murray Auchincloss discusses the oil major's earnings, the industry more broadly and BP's biggest discovery in 25 years.

BP will review its portfolio of assets and consider further cost cuts as part of a drive to do better for shareholders, the oil major said on Tuesday, as it reported a second-quarter profit that ...

BP has been under ongoing pressure from investors for underperforming compared to its rivals in recent years. In February, BP slashed its planned investments in renewable energy projects and said it ...

British energy group BP on Tuesday posted a net profit for the second quarter, in contrast to weaker results from energy rivals, as lower exceptional charges offset falling oil prices.- Sector woes - ...

BP CEO Murray Auchincloss speaks last year at the CERAWeek by S&P Global conference in Houston. On Tuesday, BP discussed its corporate outlook. Mark Felix/AFP via Getty Images ...

To that end, Tuesday's announcement included a rise in its quarterly dividend from 8 cents to 8.32 cents and that BP would keep its share buyback program at $750 million for the second quarter, with ...

Oil giant BP, which recently pivoted away from green energy, posted Tuesday better-than-expected quarterly earnings and announced a fresh review of costs. As did oil giant Saudi Aramco, which on ...

BP has completed $3 billion in divestments towards its $3–$4 billion 2025 goal. Auchincloss said the process to sell Castrol, the biggest piece of its divestment programme, was going "fine".

BP will cut over 6000 jobs this year as part of a new review of its business and cost base, as the UK supermajor remains under pressure from investors to turn around profitability and reinvigorate the ...

CEO Murray Auchincloss’s strategy reset in February has so far failed to impress investors. Former CEO Bernard Looney looked to revamp strategy in 2020 with focus on renewables.

CEO Murray Auchincloss’s strategy reset in February has so far failed to impress investors. Former CEO Bernard Looney looked to revamp strategy in 2020 with focus on renewables.

A strategy “reset” announced in February by CEO Murray Auchincloss got a lukewarm reception, as analysts and investors questioned whether the company could achieve its goals of rising oil and ...