BP Stock News

BP sells 49.9% stake in Indonesian petrol station venture, partner firm says

BP on Friday said representatives from its 440,000-barrel-per-day oil refinery in Whiting, ​Indiana had offered to meet United Steelworkers ‌Local 7-1 next week but had yet to receive confirmation from the union.

Energy investment could rise over the next decade, Baker Hughes CEO Lorenzo Simonelli said. Geopolitical risks, rising costs and uncertain oil prices complicate investment decisions, RWE and BP executives said.

LONDON & NEW YORK--(BUSINESS WIRE)--Stonepeak, a leading alternative investment firm specialising in infrastructure, today announced it has completed the acquisition of a 65% stake in Castrol, a global leader in lubricants, from BP p.l.c. (“bp”) (NYSE: BP) (LON: BP). bp will retain a 35% minority interest in Castrol. With Stonepeak's backing and continued support from bp, Castrol will build on ...

Trump criticized ExxonMobil and Chevron in August for making “too much money” amid tight fuel supplies. Shell, BP, TotalEnergies, ExxonMobil and Chevron have since reported sharply higher refining or downstream earnings.

One slide in ExxonMobil's investor presentation after its third-quarter earnings explains the financial situation for the integrated oil giants very neatly.

The oil major was the latest to smash profit expectations as global conflicts continue to drive energy market volatility.