BP Chief Executive Bob Dudley to Retire, to be Succeeded by Bernard Looney
The Board of BP announced today that, after a 40-year career with BP and over nine years as group chief executive, Bob Dudley, 64, has decided to step down as group chief executive and from the BP Board following delivery of the company’s 2019 full year results on 4 February 2020 and will retire …
The Azerbaijan government and co-venturers sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA
This press release is issued jointly by SOCAR and the co-venturers in the ACG PSA in Azerbaijan, including BP The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended and …
BP: Gary Jones Appointed as Regional President for Azerbaijan, Georgia and Turkey
BP announced today the appointment of Gary Jones as the new regional president for Azerbaijan, Georgia and Turkey (AGT), with effect from April 2. Jones will be based in Baku, Azerbaijan, said BP in a message March 13. He is currently BP’s global head of drilling, completions and wells. “Gary …
BP: Q1 Results – Strong Operation Performance, Cost Reductions on Course
BP today reported its results for the first quarter of 2016. Underlying replacement cost profit1 for the quarter was $532 million, compared with $196 million for the previous quarter and $2.6 billion for the first quarter of 2015. Compared with the previous quarter, lower costs throughout the Group more than …
BP Energy Outlook: Transition to a lower carbon future
Despite current weakness in global energy markets and the slowdown in China’s growth, demand for energy will continue to grow over the next 20 years and beyond as the world economy expands and more energy is required to power the higher level of activity. According to the 2016 edition of …
BP Realigns Senior Executive Team
BP today announced the appointment of Lamar McKay to the new position of Deputy Group Chief Executive. McKay, currently chief executive of BP’s Upstream segment and a 35-year veteran of BP, will be based in London and take up the role following a suitable handover period. McKay will be succeeded …
BP: Q3 Results – Targeting $60 a Barrel
BP today reported results for the third quarter of 2015 and set out a medium-term financial frame to balance cash flows by 2017 at around $60 per barrel. – Plans for balanced cash flows by 2017 at around $60 per barrel and growth in sustainable free cash flow beyond – …
BP: Q2 Results – A Challenging Environment
BP today reported its results for the second quarter of 2015. Underlying replacement cost profit1 for the quarter was $1.3 billion, compared with $2.6 billion for the previous quarter and $3.6 billion for the second quarter of 2014. The result reflected the impact of continued low oil and gas prices, …
BP: Q1 Results – Oil Price Hits Profits
BP today reported its results for first quarter of 2015. Underlying replacement cost profit for the quarter was $2.6 billion compared with $3.2 billion for the same period in 2014 and $2.2 billion for the fourth quarter of 2014. – Underlying replacement cost profit 20% down on year earlier, 15% …
BP: Global Energy Outlook 2035: Growing Gas and Shifting Flows
Despite the dramatic recent weakening in global energy markets, ongoing economic expansion in Asia – particularly in China and India – will drive continued growth in the world’s demand for energy over the next 20 years. According to the new edition of the BP Energy Outlook 2035, global demand for …