Money > Energy

BP cuts dividend after record loss: New boss plots green revolution

1 month ago   |   By Daily Mail

The energy giant was hammered by a sharp drop in oil prices, triggered by the pandemic. But shares jumped after chief exec Bernard Looney unveiled some details of its new green strategy.
Read more ...

 

BP just shared a huge strategy update after posting a $17 billion loss. See the 6 key slides that map out the oil giant's future

BP just shared a huge strategy update after posting a $17 billion loss. See the 6 key slides that map out the oil giant's future

1 month ago   |   By Business Insider

Hammered by the oil market collapse, BP lost almost $17 billion in the second quarter of 2020 and cut its dividend by 50%, the company said on Tuesday.
The London-based firm also unveiled much-anticipated details about how it plans to become a net-zero emissions company. The firm's stock rose 7% on the news.
By 2030, BP will spend $5 billion a year on low-carbon energy, 10 times more than it does today. It will also shrink oil and gas production by 40%.
Business Insider compiled the 6 most important slides that detail BP's new strategy.
For more stories like this, sign up here for our...
Read more ...

 


Search by Tags

   Energy      News      Business      Companies      Markets  


Who qualifies for the new job support scheme and how much money you will receive

Who qualifies for the new job support scheme and how much money you will receive

Furlough is ending, instead replaced with a new jobs support scheme - but how does it work, who's paying and what will you get if you're placed on it Read more ...

Newmarket Races: Top tips, latest odds and betting preview for Day 2 of the...

Newmarket Races: Top tips, latest odds and betting preview for Day 2 of the Cambridgeshire Meeting live on ITV

THE Cambridgeshire Meeting rolls on with an excellent betting card on Friday. There are stakes races and competitive handicaps galore. Our man Jack Keene has taken a close look... Read more ...

Pablo Escobar's nephew finds £14million in cash stashed in a wall at one of...

Pablo Escobar's nephew finds £14million in cash stashed in a wall at one of his houses

Nicolas Escobar said he had a 'vision' which showed him where to look for the money in the apartment in Medellin, Colombia. Read more ...

Roman Kemp 'rakes in £1million' since I'm A Celebrity with Gogglebox and deals

Roman Kemp 'rakes in £1million' since I'm A Celebrity with Gogglebox and deals

Roman Kemp has earned a lot of money since he left I'm A Celebrity thanks to his Capital FM Breakfast Show and endless sponsored Instagram posts Read more ...

Money for Nothing presenter EJ Osborne star dies aged 45

Money for Nothing presenter EJ Osborne star dies aged 45

Money for Nothing presenter EJ Osborne has died at age 45, his wife Anne-Marie announced. Read more ...

Trump may have chosen a Supreme Court justice over the stock market

Trump may have chosen a Supreme Court justice over the stock market

Summary List Placement With 41 days until the election, it seems President Donald Trump has unwittingly chosen a Supreme Court Justice over the stock market. The market has... Read more ...

Tesla's 520-mile range Model S Plaid goes on sale in the UK for £131k

Tesla's 520-mile range Model S Plaid goes on sale in the UK for £131k

Order books have opened Tesla's new tri-motor Model S 'Plaid' - which will become the electric car with the longest range available from 2021. Read more ...

Money For Nothing star EJ Osborne dead aged 45

Money For Nothing star EJ Osborne dead aged 45

EJ has died at the age of 45 EJ Osborne, presenter of BBC series Money For Nothing, has died at the age of 45. The star's death was confirmed on his Instagram account by wife... Read more ...

Fresh Covid clampdown derails plan at bus and train operator Go-Ahead 

Fresh Covid clampdown derails plan at bus and train operator Go-Ahead 

David Brown, the boss of Go-Ahead Group, said his company had been hoping to increase capacity on buses - until the Government's work from home U-turn this week. Read more ...

Rolls-Royce on target to test superfast electric plane

Rolls-Royce on target to test superfast electric plane

The FTSE 100 aerospace engineer said it had completed ground testing for all the technology in the plane's core, including a 500 horsepower electric powertrain. Read more ...