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UNCOVERED: 2 - The Untold Story

BP Is Selling Another Green Energy Business. Strong Oil Prices Help Drive Best Profit Since 2022

In its earnings statement, CEO Meg O'Neill said BP is taking a fresh look at the business to improve performance, reduce complexity and strengthen areas that generate stronger financial returns,

International Business Times

SNP 'more extreme' on oil and gas than Donald Trump, say campaigners

THE SNP have a “more extreme” position on oil than Donald Trump, according to an environmental pressure group.

The National (Scotland)

BP boss is unsentimental in pruning portfolio and clear on North Sea advice to Burnham

Meg O’Neill is overseeing rapid clearing of the decks at BP after strategic muddle of recent years, with ‘message’ for new PM

The Guardian - UK

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Revealed: major oil firms make $93bn profits amid war and climate crisis

Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damage

The Guardian - UK

Miners prosper while oil drops on new Middle East peace hopes

The FTSE 100 index closed up 21.68 points, or 0.2%, at 10,879.38.

Evening Standard

BP’s Q2 Profit Doubles Amid Middle East Conflict, but It Cuts Production, Capex Outlook

BP p.l.c. (NYSE:BP) stock is trading lower on Tuesday after the energy major reported second-quarter results that surpassed Street estimates.

Benzinga

BP’s £4.2bn Iran ‘war bonus’ fuels anger over UK soaring energy bills

BP has been slammed for raking in billions from a “war bonus” boosted by the US-Iran conflict, while UK households face soaring energy bills

The National (Scotland)

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BP profit doubles to $5.7bn as war between US and Iran drives up oil prices

The five majors, BP, Shell, ExxonMobil, Chevron and TotalEnergies, together made about $46bn between April and June

The Independent UK

Trump Blasts Exxon, Chevron Over $26B Iran War Windfall, Vows They'll 'Give Some Back'

Donald Trump criticises major oil companies for profiting from the Iran conflict, urging them to reduce consumer prices as Americans face rising fuel costs ahead of midterm elections.

International Business Times UK

First Thing: Trump chastises oil companies for ‘making too much money’ from his Iran war

US president takes aim at profits as oil companies worldwide benefit from US-Iran conflict

The Guardian - UK

BP profit more than doubles as Middle East conflict boosts oil prices

British energy giant BP said on Tuesday that its net profit more than doubled in the second quarter as the Middle East war roiled oil and gas markets.

Euronews

Trump accuses oil companies of ‘making too much money’ from his war on Iran

US president hits out at ExxonMobil and Chevron, saying they should ‘give some of that back to the public’

The Guardian - UK

BP slammed as profits more than double during Iran war

Campaigners have also accused BP of ‘profiteering’ from a ‘climate crisis’

The Independent UK

BP profits soar to four-year high after boost from Iran war

Campaigners have accused the company of being ‘price shock profiteers’ during the conflict.

Evening Standard

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The Guardian - UK

BP boss urges Burnham to prioritise UK oil and gas even as firm exits North Sea

Meg O’Neill says ‘where we generate jobs, we generate tax revenue’, as company’s profits more than double

The Guardian - UK

Oil profits boom on ‘war bonus’ as Trump blasts energy giants for ‘making too much money’ - as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

Eight London boroughs getting new tech to combat shoplifting in crackdown by Met Police

Pilot of tech used by retailers like Boots and Greggs has helped officers quadruple the number of shoplifters being brought to justice

The Independent UK

Tesco, Boots and Greggs among retailers using new tech to crack down on shoplifting in London

The software has helped detectives track, arrest and build cases against offenders more quickly

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The National (Scotland)

John Swinney meets industry leaders after BP announces sale of North Sea business

John Swinney has met with industry leaders in the north east after oil giant BP announced it was selling its North Sea business

The Economic Times

Iran war ushers in oil refining golden era. It won't last

War-driven supply disruptions have turned oil refining into Big Oil's biggest profit engine, but Reuters columnist Ron Bousso says the windfall may prove temporary as capacity returns and energy transition pressures re-emerge.

The National (Scotland)

Is it time to fire Douglas Alexander and scrap the role of Scottish Secretary?

WHAT exactly is the point of Scottish Secretary Douglas Alexander? That is a question that people in Scotland should be asking anyway ...

Evening Standard

Swinney urges Burnham to scrap windfall tax after BP announcement

BP announced it had put its North Sea operations up for sale on Friday.

The National (Scotland)

John Swinney says UK windfall tax 'hurting Scotland' amid BP sell-off

JOHN Swinney has called on the Labour UK Government to ditch the Energy Profits Levy that is "hurting Scotland" after BP announced it…

Evening Standard

SNP calls for ‘decisive action’ as BP reveals plan to sell North Sea operations

The energy giant has said its North Sea operations would be ‘better positioned as part of another company’.

Euronews

British oil giant BP prepares to sell North Sea business

Amid higher windfall taxes and volatile global energy markets, BP's proposed sale could bring an end to around 60 years of North Sea production under the British energy giant’s ownership.

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