Business, Technology, Fuel

Clean Energy Fuels, BP Create JV for RNG Fuel Production

Clean Energy refueling Clean Energy Fuels Corp.

Clean Energy Fuels Corp. announced it finalized a joint venture with BP Products North America Inc., a subsidiary of BP, to develop, own and operate new renewable natural gas projects at dairies and other agriculture facilities.

Roger Gilroy | Senior Reporter
March 11, 2021
Business, Fuel

BP Swaps High Returns for a Cleaner Future With Unproven Profits

A train passes a BP Plc petrol station in London A train passes a BP Plc petrol station in London. (Chris J. Ratcliffe/Bloomberg News)

One week and two deals later, BP Plc has cemented the view that for an oil and gas company to go green, it must sacrifice profits.

Laura Hurst | Bloomberg News
February 8, 2021
Business, Fuel

BP to Cut 10,000 Jobs Worldwide Amid Pandemic

A Uniper energy company coal-fired power plant and a BP refinery beside a wind generator in Gelsenkirchen, Germany. (Martin Meissner/Associated Press)

LONDON — Energy producer BP announced June 8 that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the oil and gas industry.

Danica Kirka | Associated Press
June 8, 2020
Business, Fuel

BP Quits Three Oil Lobby Groups on Differing Climate Policy

BP oil tank Matthew Lloyd/Bloomberg News

BP Plc will leave three U.S. oil-industry lobby groups due to differences on climate policy, after the company’s new chief pledged to eliminate its greenhouse gas emissions by 2050.

James Herron and Laura Hurst | Bloomberg News
February 26, 2020
Business, Fuel

BP’s New CEO Needs to Steer Company Through World Wary of Oil

BP CEO BP’s newly appointed CEO Bernard Looney (Jason Alden/Bloomberg News)

In a world that’s increasingly wary of fossil fuels, BP’s newly appointed CEO Bernard Looney will have to prove the company can keep up with the times.

Kelly Giblom | Bloomberg News
October 4, 2019
Business, Fuel

BP Exits Alaska After 60 Years in $5.6 Billion Hilcorp Sale

BP Plc Alaska Daniel Acker/Bloomberg News

BP Plc agreed to sell its entire business in Alaska to closely held Hilcorp Energy Co. for $5.6 billion, ending a six-decade presence in the state as oil production there declines.

Kevin Crowley | Bloomberg News
August 27, 2019
Business, Fuel

Oil Trades Near Two-Week High on Tighter Supply, Mideast Risks

Oil Andrey Rudakov/Bloomberg News

Oil traded near a two-week high in New York amid signs of a further drop in U.S. stockpiles and ongoing concerns that political friction in the Persian Gulf could disrupt exports.

Heesu Lee and Grant Smith | Bloomberg News
July 31, 2019
Business, Fuel

BP Bucks Trend of Big Oil Earnings Misses as Output Rises

Oil Luke Sharrett/Bloomberg News

BP bucked the trend of disappointing oil and gas earnings, beating expectations and increasing its cash flow as higher production offset the effect of lower energy prices.

Kelly Gilblom | Bloomberg News
July 30, 2019
Business, Fuel

BP, Shell Both Claim to Be No. 1 in Investor Returns

Shell Fuel Andrey Rudakov/Bloomberg News

Both BP Plc and Royal Dutch Shell Plc are claiming the top spot for investor returns within their peer group from 2016 to 2018. That’s an important metric — taking first place was a significant element in the doubling of Shell CEO Ben van Beurden’s pay last year.

Kelly Gilblom | Bloomberg News
March 29, 2019