Chief exec Murray Auchincloss (pictured) is attempting to reverse BP's ill-fated pivot to green energy to close the gap with arch-rival Shell.

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 ...

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 - ...

Chief executive Murray Auchincloss pledged the oil and gas group would do “better for its investors” and said there was “much more to do” under its current three-year plan. BP has been under pressure ...

BP has been under ongoing pressure from investors for underperforming compared to its rivals in recent years. In February, BP ...

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 ...

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 ...

Current CEO Murray Auchincloss made no such references to bean-sourced beverages. “We remain relentless in our aim to deliver improvements right across BP,” Auchincloss said on the earnings call.

A potential partnership with Petrobras in developing BP's major oil find in Brazil’s Bumerangue block may hinge on carbon dioxide levels.

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 ...

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.