BP Plc may not reach a settlement over civil claims from the 2010 Gulf of Mexico oil spill before a trial this month, analysts said, as U.S. states demand an additional $34 billion in damages.
BP Plc’s temporary ban from new U.S. government contracts is an additional stain on the British oil company’s record that may give competitors an edge in bidding for future federal work.
Volvo AB, the world’s second-largest maker of commercial vehicles, is expected to appoint BP Plc’s Carl-Henric Svanberg as chairman, according to a person with knowledge of the matter.
BP Plc gained the right to carry out a $7.8 billion share swap with state-owned Russian oil producer OAO Rosneft in return for ceding its place in an Arctic oil exploration deal to its TNK-BP venture.
One of the best moments of Tony Hayward’s 28-year career with oil giant BP Plc came before dawn on Christmas 1982.
BP Plc , selling $30 billion assets to pay for President Barack Obama ’s Gulf of Mexico spill fund, will restore dividends at 65 percent below their previous level next year, derivative prices show.
China, the world’s biggest user of natural resources, is pulling back from commodities and energy acquisitions as the rest of the world pursues deals at the fastest pace since the financial crisis.
BP Plc, Europe’s second-biggest oil company, reported earnings that missed analyst estimates after field maintenance in the Gulf of Mexico, Angola and the North Sea cut production.
The following are the day's top business stories:
Oil and gas acquisitions are on track for the weakest quarter since the end of the financial crisis as Asian companies bought fewer assets.
"Every project is very expensive at Shell."
- Christine Tiscareno on Aug 07, 2012