BP Sets Ambition for Net Zero by 2050, Fundamentally Changing Organisation to Deliver
BP today set a new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero. The ambition is supported by ten aims: Five aims to get BP to net zero: 1. Net zero across BP’s operations on an absolute basis …
BP Chief Financial Officer Brian Gilvary to Retire and be Succeeded by Murray Auchincloss
The board of BP p.l.c. today announced that Brian Gilvary, BP chief financial officer (CFO), has decided to retire from the company and step down from the BP board on 30 June 2020. Gilvary has had a 34-year career with BP, including over eight years as CFO. He will be succeeded by Murray …
BP’s 3Q 2019 Results
3Q in detail Financial results Underlying replacement cost profit for the third quarter of 2019 was $2.3 billion, compared to $3.8 billion a year earlier. The result was impacted by significantly lower Upstream earnings, resulting from lower prices, maintenance and weather impacts. A divestment-related, non-cash, non-operating after-tax charge of $2.6 …
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 …
Saipem: Wins $145m Contract in Azerbaijan
Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag-Gunashli oil and gas (ACG) field offshore Azerbaijan. Saipem has been a key contractor in this field since the 1990s. Located in the Caspian Sea at …
BP: Sells all Alaskan Assets to Hilcorp for $5.6 Billion
BP today announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP’s interests in the state for a total consideration of $5.6 billion. The sale will include BP’s entire …
Glencore, BP Stuck with Tainted Russian Crude
MOSCOW (Reuters) – BP and Glencore are struggling to sell around 600,000 tonnes of tainted Russian oil more than three months after the contamination was discovered, according to six trading sources. Russia’s oil industry was plunged into a crisis in April after about 5 million tonnes of oil for export …
BP’s 2Q 2019 Results and Webcast Reminder
BP is reporting strong earnings, reliable performance and disciplined growth for the second quarter, along with growth in its lower carbon businesses Stock exchange announcementPDF / 226.3 KB Webcast Bob Dudley, group chief executive and Brian Gilvary, chief financial officer hosted a webcast covering our results for the second quarter. This was …
BP Expects to Discover Oil at New Block
BP, a British oil and gas company, conducts seismic surveys in the Caspian Sea to evaluate perspective hydrocarbon structures within the basin. The cooperation with BP continuing since 1992 is of the utmost importance in the development of oil and gas industry in Azerbaijan. Shortly, the company will begin seismic survey …
Exploratory Drilling at Azerbaijan’s Shah Deniz to Begin in 2020
Exploratory drilling of the deep-lying horizons of the Shah Deniz field will begin in 2020, Gary Jones, Regional President for Azerbaijan, Georgia and Turkey (AGT) at BP, said at the Caspian Oil and Gas conference in Baku, Trend reports. Jones stressed that this field is very important not only for Azerbaijan, but …