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BP's CEO warned that we may have seen 'peak oil' and said demand may never fully recover from its coronavirus crash: 'I would not write that off'

"It's not going to make oil more in demand. It's gotten more likely to have oil be less in demand,"…

Shalini Nagarajan   


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Railroad company Norfolk Southern fired its CEO over his relationship with the company's top lawyer

The company replaced CEO Alan Shaw with the chief financial officer, after an uncovering Shaw's rel…

Lian Kit Wee   


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Tell us if you've had an intimate relationship with a colleague, or you could get fired, oil giant warns staff

BP has introduced a new company relationships policy following the departure of former CEO Bernard …

Polly Thompson   


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BP ex-CEO loses $40 million over relationships with colleagues

BP's ex-CEO Bernard Looney will lose more than $40 million in compensation after the board said he'…

Lakshmi Varanasi   


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BP boss who resigned over undisclosed relationships with colleagues ended his marriage by text message, says ex-wife

Bernard Looney abruptly resigned from BP this week after admitting he failed to disclose relationsh…

Jyoti Mann   


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BP stock jumps as the energy giant slows its ambitious pivot to renewables and vows more spending on oil and gas

Shares of BP climbed Tuesday after the company noted a shift from previous renewable energy spendin…

Brian Evans   


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Anant Ambani, Radhika Merchant's pre-wedding celebrations begin with 'anna seva'

The pre-wedding festivities of Reliance Industries Chairman Mukesh Ambani'who is set to tie the kno…

ANI   


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Even CEOs are joining the 'Great Resignation'

A total of 1,425 CEOs have quit their role this year, up 49% from the 969 CEOs who quit last year, …

Sawdah Bhaimiya   


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Hey, CEOs: Stop dating your employees and trying to cover it up

CEOs keep resigning after investigations find they failed to disclose relationships with employees.…

Madeline Berg   


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Expect as much as 2 million barrels a day of Russian crude to vanish from the market in May as sanctions kick in, BP boss says

Existing sanctions will probably eliminate another 1 million barrels a day, BP's CEO has said, as t…

Karen Friar   


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BP has purged its European refineries of Russian oil and expects to be rid of most long-term contracts with the Kremlin by year's end

"We're working incredibly hard to eliminate Russian molecules from the system," BP CEO Bernard Loon…

Brian Evans   


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BP dumps 20% stake in Russian oil giant, says its partnership with Rosneft 'simply cannot continue' following attacks on Ukraine

The CEO of BP said Russia's attack on Ukraine caused his company to "fundamentally rethink" its bus…

Hannah Towey   


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Matthew Fox   


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'Why are you not Elon Musk?': The new boss of an oil-and-gas titan isn't leaving clean energy to Tesla

"Why is this not better left to Google, Amazon, and Tesla?" she asked. Players outside of oil and g…

Theron Mohamed   


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One of the world's biggest energy firms cut its 30-year forecast for oil prices by 27% as coronavirus turns the industry on its head

British Petroleum also slashed its valuation by almost $18 billion as it adjusts to the impact of t…

Saloni Sardana   


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BP slashed the value of its assets by almost $18 billion as it adjusts to oil's pandemic era new normal

Last week, BP announced it would slash 10,000 jobs in an effort to cope with the global collapse in…

Shalini Nagarajan   


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BP CEO Bob Dudley, who steered the oil giant from bankruptcy after the Deepwater Horizon spill, is stepping down

Dudley said in the statement: "Bernard is a terrific choice to lead the company next. He knows BP a…

Yusuf Khan   


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Chinese oil demand has reportedly almost rebounded to pre-pandemic levels

Gasoline and diesel are leading the oil recovery, as commuters are choosing to drive rather than us…

Saloni Sardana   


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10 things you need to know before the opening bell

8. Stocks tumble after Wuhan coronavirus cases and deaths surge to a new daily high. European equit…

Theron Mohamed   


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Oil giant BP swings to a $17 billion loss and slashes its dividend for the first time in a decade as coronavirus turns the energy sector upside down

BP cut its dividend by 50% for the first time since its 2010 Deepwater Horizon incident — the large…

Shalini Nagarajan