BP chief executive Bernard Looney, 49, reiterated his pledge to make his firm a net zero carbon company by 2050, as well as invest £3.8billion in low-carbon projects this decade.
The financial results for the second quarter reflect the biggest shock to global energy markets in decades.
The chief executive of BP says he understands why people view the industry as “bad” and that fossil fuels are becoming the subject of social challenge.
The chief executive of BP says he understands why people view the industry as “bad” and that fossil fuels are becoming the subject of social challenge.
Oil giants' production cuts come to 1 million bpd as they post massive writedowns

MIDAS SHARE TIPS: The Dogs of the Footsie 2020

09:32pm, Saturday, 08'th Aug 2020
In the past six months, half of the FTSE 100 index of Britain's biggest listed companies have cut their dividends on a whim. Even so, there are still plenty of high-yielding stocks in the FTSE 100.
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The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
JOHANNESBURG: South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two y
LONDON: BP is preparing to sell a large chunk of its oil and gas assets even if crude prices bounce back from the COVID-19 crash because it wants to invest more in renewable energy, three sources fami

Microsoft: Frac To The Future (NASDAQ:MSFT)

04:20pm, Friday, 07'th Aug 2020
The digitalization of the oilfield represents a huge opportunity for Microsoft. Estimates are of total addressable market as much as $50 bn annually.
Still looking to make good on a 20-year-old committment to cleaner energy, BP is moving more quickly than ever toward a greener future.
BP released its Q2-2020 results and cut its dividends. The stock still soared.
This huge FTSE 100 player has lost £5.5bn of market value since Wednesday. That's a crazy loss of value. I'd buy and hold its shares today.
Health experts call for action on climate emergency as country braces for record temperatures
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