BP BP0.05%increase; green up pointing triangle suspended its share-buyback program and said it would reduce spending this year, part of a broader plan by the British energy giant to overhaul its ...

BP said it was halting stock buybacks as the oil and gas giant said it wanted to rebuild its balance sheet. The London-based energy group UK:BP BP said Tuesday it was trying to reduce net debt by as ...

The United Steelworkers Union announced on Thursday that its workers should prepare for a strike or lockout at the BP Whiting refinery. USW 7-1 members authorized an initial financial transfer from ...

BP needs to demonstrate that higher spending on oil-and-gas production will deliver value for shareholders, a group of investors in the energy major said Tuesday. BP is funneling investments into its ...

BP PLC said Wednesday it expects to book $4-5 billion in write-downs primarily related to its "transition" business for the fourth quarter of 2025. "These charges are primarily attributable to the gas ...

BP p.l.c. is executing a $20B divestment program, highlighted by the $10B Castrol sale to Stonepeak, to accelerate net debt reduction. The Castrol divestment aligns BP with activist demands for higher ...

BP p.l.c. is divesting 65% of its Castrol brand to Stonepeak for $6 billion, accelerating its $20 billion divestment plan. BP will use the $6 billion proceeds to reduce net debt, targeting a $14B–$18B ...

Castrol has been around for 126 years and is one of the largest and most recognizable lubricant companies in the world. However, they have a new owner as Britain’s BP has announced plans to sell a 65 ...

UK supermajor BP has agreed to sell a 65% stake in its Castrol subsidiary to global investment firm Stonepeak, in a deal giving the lubricants player an enterprise value of $10.1 billion. BP confirmed ...

Meg O’Neill’s appointment as BP CEO marks a historic first for Big Oil, making her the first woman to lead a supermajor when she takes over in April 2026. Her arrival has reignited speculation of a BP ...

BP on Thursday made an abrupt shift in leadership, as CEO Murray Auchinloss is stepping down immediately after less than two years on the job. Auchinloss had struggled to win investor backing for his ...