Mitchell Ferman

BP Plc said it’s starting a process to market its North Sea business for a potential sale, as part of a wider review of the oil major’s portfolio.

BP is the last remaining global oil major to have its own standalone North Sea business.

ExxonMobil Holdings Corp. and Chevron Corp. plowed blowout profits into debt reduction rather than huge buyback increases in a sign of Big Oil’s caution about how long war-driven price rallies will last.

Europe will start losing energy imports in 2027 when onerous new methane regulation comes into force, according to ExxonMobil Holdings Corp.’s Darren Woods.

BP Plc’s decision to put its UK North Sea business up for sale marks a critical moment for the country’s dwindling oil and gas industry as new Prime Minister Andy Burnham weighs whether to allow new drilling.

BP Plc posted its strongest quarterly profit in more than four years as its refining and trading businesses boomed during the Iran war.

Company posts strongest quarterly profit in more than four years BP posted its strongest quarterly profit in more than four years as its refining and trading businesses boomed during the Iran war.

(Bloomberg) -- BP Plc posted its strongest quarterly profit in more than four years as its refining and trading businesses boomed during the Iran war.

Meg O'Neill strives to streamline the business and rebuild investor confidence Key Takeaways: [Stay on top of transportation news: Get TTNews in your inbox .]

BP Plc Chief Executive Officer Meg O’Neill said it’s “prudent” to stop thinking of the company as a Big Oil supermajor, a significant shift in how she wants investors to judge the oil giant as she works to reverse years of under-performance.