Page 2 - Bp Plc

BP reports 2nd-qtr loss after major write downs, halves dividend

BP paired the payout news with more details for investors of its net-zero strategy - bringing forward announcements expected in September

Shell plans to slash value of its oil & gas assets by up to $22 billion

The writedown announcement came after Shell cut its forecast for energy prices into 2023 on expectations that sales will only recover slowly after the pandemic

Working to complete contours of Saudi Aramco deal, says Mukesh Ambani

The deal was to be concluded by March 2020 but has been delayed.

BP wipes up to $17.5 billion from assets with bleaker oil outlook

Like its rivals, the British oil major is set to take a big hit to revenue from an unprecedented collapse in demand due to the pandemic.

Mukesh Ambani's RIL beats BP to make elite club of 6 global energy giants

Reliance has increased 35% this year, compared with BP's 1.2% gain as it works on cutting high debt levels

Joint venture with RIL to get going by end of year: BP chief Bob Dudley

The JV will incorporate and build on RIL's current fuel retailing network across India

BP CEO Bob Dudley to step down next February, Bernard Looney will succeed

Dudley's most notable achievement was rescuing the company in the wake of the Deepwater Horizon catastrophe in the Gulf of Mexico that caused the biggest oil spill in US history and killed 11 people

Reliance Industries, BP take over Niko's 10% stake in KG-D6 block

Reliance and BP split Niko's share in proportion to their existing shareholding in the block

Reliance Industries to earn $990 mn in fuel retail deal with UK's BP Plc

Aramco agreed to buy a 20% stake in Reliance's oil refining and petrochemicals division

Speed of decision making not good for brand India: Robert Dudley, BP chief

He added that though there is a perception that India is challenged with oil and gas resources, it is blessed with a great market and whatever increased production will not be enough to fill it

Govt grants BP Plc licence to set up petrol pumps in India

Private sector operators are limited to Essar Oil and Reliance Industries, who between them have some 3,500 petrol pumps

BP gets govt nod to sell petrol, diesel and ATF

BP entered the Indian exploration and production sector in 2011 by acquiring a 30% stake in 21 blocks of RIL for $7.2 bn

BP India gets licence to sell jet fuel in India: Sashi Mukundan

BP India will soon start local sales of aviation turbine fuel, says Sashi Mukundan

BP plc sells 8.53% stake in Castrol India, holds 51%

Prior to the sale, BP held 29.38 crore shares or 59.42 per cent stake in Castrol India