Browsing Tag
BP
143 posts
Emma Delaney takes over OMV with shares less than 1% from a 52-week high
Former BP executive Emma Delaney becomes OMV’s first female CEO on September 1, inheriting a company whose second-quarter clean operating result climbed 65% to €1.7 billion and whose 50% interest in Borouge International places it at the centre of a $60 billion-plus global chemicals platform.
Petrobras strikes hydrocarbons in Morpho well, opening Brazil’s Equatorial Margin frontier
Petrobras confirms hydrocarbons at Morpho well in Block FZA-M-59, opening Brazil's Equatorial Margin, but commercial first oil remains a decade away.
Emerson wins BP automation contract for $2.9bn Shah Deniz Compression build
Emerson wins integrated control and safety scope on BP's $2.9bn Shah Deniz Compression platform, extending an automation role that already spans a decade.
Plug Power revenue reaches $178m as cost cuts reshape hydrogen turnaround
Plug Power cut cash burn 58% and pushed gross margin near breakeven while raising 2026 revenue guidance. See what comes next for its turnaround.
ConocoPhillips (NYSE: COP) names Andy O’Brien CEO as Q2 profit doubles and buybacks jump to $2bn
ConocoPhillips doubled Q2 buybacks to $2B and named Andy O'Brien CEO from September 1, tracking a $7B free cash flow inflection by 2029 tied to Willow.
BP posts $5.7bn Q2 underlying profit as new CEO Meg O’Neill orders a reset
BP Q2 underlying RC profit hits $5.7bn and the dividend rises 4%. New CEO Meg O'Neill admits BP wrote off too much value, orders a portfolio and cost reset.
SOCAR buys ITOCHU’s 3.65% stake in Azerbaijan’s Azeri-Chirag-Gunashli field
SOCAR bought ITOCHU's 3.65% stake in Azerbaijan's Azeri-Chirag-Gunashli oil field on 3 August, one plank of a wider ITOCHU pivot to buybacks and aviation.
Brussels clears PSPIB and JERA Nex bp joint control of Taiwan’s Formosa 2
The EU cleared PSPIB and JERA Nex bp's joint control of Taiwan's 376MW Formosa 2 wind farm on 3 August, a capital-recycling signal one day before BP's Q2 results.
Ruwais LNG Project: Abu Dhabi’s 9.6Mtpa export plant advances toward 2028 start-up
The Ruwais LNG Project in Al Ruwais Industrial City, Abu Dhabi is a 9.6Mtpa ADNOC-led export development backed by bp, Mitsui, Shell and TotalEnergies, with commercial operations scheduled to start in 2028.
Scale AI’s new CEO must solve the $29bn company’s biggest problem: Can customers still trust it after Meta’s deal?
Francis deSouza will lead Scale AI’s expansion into enterprise and government applications after Meta Platforms’ investment disrupted its founder-led model and customer relationships.