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BP now anticipates a decrease in net debt at the end of the quarter. Brent averaged $74.73/bbl in the fourth quarter of 2024 compared to $80.34/bbl in the third quarter of 2024.
BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on plans to slash oil and gas output and reduce carbon ...
Long before BP became associated with oil-drenched pelicans and Twitter talk of an oilpocalypse, some critics winced at the company's sunburst logo and decade-old green marketing campaign that ...
BP's worst environmental catastrophe was the 2010 Deepwater Horizon oil spill, the largest accidental release of oil into marine waters in history, which leaked about 4.9 million barrels (210 million US gal; 780,000 m 3) of oil, [14] causing severe environmental, human health, and economic consequences [15] and serious legal and public ...
Rumaila Operating Organization was founded by BP, PetroChina, the State Oil Marketing Organization (SOMO) and Basra Oil Company (BOC) (formerly South Oil Company (SOC)) in order to operate the 20-year rehabilitation and expansion of Rumaila oil field in southern Iraq, [1] which was discovered in 1953 and has been in operation since 1954, with extensive exploration and production since the late ...
BP took control of the refinery in 1988 when its wholly owned subsidiary Sohio received the plant from Mobil Oil in exchange for $152.5 million and crude oil inventories. [2] [3] In 1993, Tosco Corp, a California-based downstream and marketing corporation, bought the refinery from BP. The deal included BP’s retail stations and marketing ...
A BP gas station in Surrey, England, in October 2023. (Jason Alden/Bloomberg via Getty Images) The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs this year.
This is a list of oil and gas fields operated by BP. ... All fields in British territory are operated as part of the BP's North Sea Strategic Performance Unit from ...