Apollo Global Management agreed to pay BP Plc $1 billion for a stake in a key Caspian-region natural gas pipeline.

LONDON — Oil giant BP said it will reward shareholders to the tune of $7 billion this year through the purchase of its own stock, even as it reported a 30% decline in profits in the first half of 2024.

BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network.

WHITING, Ind. — BP’s sprawling oil refinery in northwest Indiana has resumed normal operations more than six weeks after a power outage prompted the energy giant to temporarily shut down.  

LONDON — British oil giant BP said Jan. 17 its interim chief executive, Murray Auchincloss, will be given the job on a permanent basis to replace Bernard Looney.

BP asked U.S. energy regulators to intervene in its fight with Venture Global LNG over liquefied natural gas cargoes, escalating a feud that’s roiled the market for the super-chilled fuel.

BP Plc’s third-quarter profit rebounded from the prior period but fell short of estimates as weak results in gas marketing offset a strong performance in oil trading.

BP Plc CEO Bernard Looney has resigned over the failure to fully disclose past relationships with colleagues.

LONDON — Energy giant BP said Aug. 1 that it earned nearly $2.6 billion in the second quarter, almost half what it posted in the first quarter as oil and natural gas prices have fallen.

Industry analysts reacted favorably to the news that TravelCenters of America is being acquired by BP Products North America, noting that each company brings elements to the table that help the proposed combination align.