BP has initiated the sale of its North Sea business as part of a strategic move by new CEO Meg O'Neill to simplify the company's portfolio and prioritize investments in higher-return opportunities. While the North Sea remains vital to the UK's energy system, BP believes the business could thrive better under new ownership. The company did not disclose the sale timeline or valuation but assured it will maintain safe and reliable operations during the process. This marks a notable shift away from a region central to BP for decades, though the UK will remain important to BP's future plans.
The FTSE 100 reached a new record high of 10,978.87, driven by strong results and upgrades from major companies like Rolls-Royce and BAE Systems. The Bank of England kept interest rates steady at 3.75%, citing uncertainty from Middle East tensions an...
Shell reported its highest profits since 2022, driven by stronger oil and gas prices and improved trading, leading to $4.2 billion in share buybacks. The company maintained its quarterly dividend and saw income attributable to shareholders nearly tri...
Shell reported a strong second-quarter profit of $9.84 billion, surpassing analyst expectations due to higher oil and gas prices linked to the ongoing Middle East conflict. This marks a significant increase from $4.26 billion a year ago and $6.92 bil...
Shell plc announced an interim dividend for the second quarter of 2026 at $0.3906 per ordinary share, with payment scheduled for September 21, 2026. Shareholders can choose to receive dividends in US dollars, euros, or pounds sterling, with currency ...
Shell plc reported robust second quarter 2026 results, with income attributable to shareholders reaching $10.8 billion, driven by higher prices and trading gains despite volume declines due to Middle East conflicts. The company generated $21.4 billio...
