BP Plc
FILE - In this Wednesday, March 3, 2021 file photo, container cargo ships are seen docked in the Port of Los Angeles. More than 15 months into the coronavirus pandemic, tens of thousands of seafarers vital to the global shipping industry remain stranded at sea or in ports, unable to leave their ships or get to new assignments due to global travel restrictions. Friday, June 25, 2021 is International Seafarers Day, and ships around the world, from Los Angeles to Singapore to Rotterdam, planned to blare their horns in solidarity. (AP Photo/Damian Dovarganes, File)
Merchant ship crews still stuck at sea amid pandemic

By Urooba Jamal And Ivana Bzganovic Jun. 25, 2021 01:22 PM EDT

FILE - In this file photo dated Tuesday, Nov. 12, 2013, a sign at a BP filling station in Lakewood, N.J., USA. Energy company BP said Tuesday April 27, 2021, it will be returning around half a billion dollars to shareholders after “significantly”. (AP Photo/Mel Evans, FILE)
BP to launch share buyback program after big profit spike

By Pan Pylas Apr. 27, 2021 05:01 AM EDT

FILE - In this Wednesday, Jan. 20, 2016 file photo, the Shell logo on pumps at a petrol station in London. Global energy company Shell said it plans to eliminate seven refineries and reduce production of gasoline and diesel fuel by 55% over the next decade as it unveiled new plans for reaching its goal of being carbon neutral by 2050. (AP Photo/Kirsty Wigglesworth, File)
Greener pastures: Shell plans steady drop in oil business

By Danica Kirka Feb. 11, 2021 10:32 AM EST

FILE - This Aug. 4, 2020 file photo shows the logo of British Petroleum in west London. Oil giants Exxon and BP have reported staggering losses for 2020 as the pandemic crushed energy demand and caused oil prices to tumble. (AP Photo/Alastair Grant, File)
Hit by pandemic, oil giants Exxon, BP post huge 2020 losses

By David Koenig Feb. 02, 2021 01:23 PM EST

FILE - In this file photo dated Tuesday, Aug. 4, 2020, the logo of British Petroleum, BP, adorns a petrol station in west London. The London-based oil company, BP said Tuesday Oct, 27, 2020, that third-quarter earnings plunged 96% as the COVID-19 pandemic reduced energy prices and demand. (AP Photo/Alastair Grant, FILE)
BP reports 3Q earnings plunge amid falling demand

Oct. 27, 2020 06:11 AM EDT

The rising sun shines over the Supreme Court building on Capitol Hill in Washington, Monday morning, May 11, 2020. (AP Photos/Mark Sherman)
Supreme Court to review Arizona 'ballot harvesting' law

By Jessica Gresko And Mark Sherman Oct. 02, 2020 11:45 AM EDT

FILE - This Wednesday, Jan. 20, 2016 file photo, shows the Shell logo at a petrol station in London. Royal Dutch Shell said Wednesday Sept. 30, 2020, it is planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in oil prices during the coronavirus pandemic. (AP Photo/Kirsty Wigglesworth, File)
Shell plans to cut up to 9,000 jobs as oil demand slumps

Sep. 30, 2020 03:45 AM EDT

Bernard Looney the CEO of oil and gas company BP walks into 10 Downing Street in London, Friday, Sept. 11, 2020. (AP Photo/Matt Dunham)
OPEC cuts oil demand forecasts, BP sees 'peak oil' in 2020s

Sep. 14, 2020 09:36 AM EDT

Editorial Roundup: Louisiana

By The Associated Press Sep. 09, 2020 12:15 PM EDT
Recent editorials from Louisiana newspapers: ___ Sept. 9 The Advocate on Hurricane Laura aid: ...

BP to cut dividends as it prepares for fossil fuel decline

Aug. 04, 2020 03:12 AM EDT
LONDON (AP) — BP plc says it plans to slash dividends as the global oil company prepares for declining sales of fossil fuels by boosting investment in...

Shell takes $22 billion hit on lower oil, gas prices

By Danica Kirka Jun. 30, 2020 06:39 AM EDT
LONDON (AP) — Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices...

FILE - In this March 7, 2020 file photo, workers disinfect the ground around the Kaaba, the cubic building at the Grand Mosque, in the Muslim holy city of Mecca, Saudi Arabia after authorities emptied Islam's holiest site for sterilization over fears of the new coronavirus. This was supposed to be Saudi Arabia's year to shine as host of the prestigious G20 gathering of world leaders. Instead, due to the pandemic, the gathering this November will likely be a virtual meet-up, stripping its host of the pomp that would have accompanied televised arrivals on Riyadh's tarmac. Even the upcoming hajj pilgrimage faces the possibility of being canceled or dramatically pared down. (AP Photo/Amr Nabil, File)
Saudis see high hopes for 2020 upended by pandemic

By Aya Batrawy Jun. 16, 2020 02:10 AM EDT

Update on the latest in business:

Jun. 15, 2020 01:23 PM EDT
FINANCIAL MARKETS Stocks recover from earlier losses NEW YORK (AP) — Stocks have rebounded at midday after opening...

Global shares sink ... Shops re-open in England ... BP takes $17.5 billion hit

Jun. 15, 2020 06:35 AM EDT
TOKYO (AP) —Global shares sank today as a resurgence of coronavirus cases in China and other countries deepen pessimism over prospects for a global economic...

FILE - This Tuesday, Aug. 1, 2017 file photo shows the BP logo at a petrol station in London. Energy company BP is writing off as much as $17.5 billion from its oil and gas assets and will review its plans to develop oil wells as the COVID-19 pandemic accelerates its goal of decreasing its reliance on fossil fuels. (AP Photo/Caroline Spiezio, File)
BP takes $17.5B hit as pandemic accelerates emissions cuts

By Danica Kirka Jun. 15, 2020 04:35 AM EDT

Update on the latest in business:

Jun. 08, 2020 01:26 PM EDT
FINANCIAL MARKETS Stocks continue gains into a new week NEW YORK (AP) — Wall Street’s rally is spilling into a new week...

Commuters ride uncrowded subways in New York, Monday, June 8, 2020. After three months of a coronavirus crisis followed by protests and unrest, New York City is trying to turn a page when a limited range of industries reopen Monday. (AP Photo/Seth Wenig)
Signs of life in the RV business; Zoom falls for third day

Associated Press Jun. 08, 2020 12:04 PM EDT

Wall Street rally spills into new week ... BP to cut workforce ... Sept trial set for ex-Audi chief

Jun. 08, 2020 10:51 AM EDT
NEW YORK (AP) — Wall Street’s big rally is spilling into a new week as markets continue to ride the high supplied by Friday’s surprisingly encouraging report...

FILE - This Tuesday, Aug. 1, 2017 file photo shows the BP logo at a petrol station in London. Energy company BP said Monday June 8, 2020, that its global workforce will be trimmed by 10,000 jobs amid the ongoing impact of the COVID-19 pandemic. (AP Photo/Caroline Spiezio, File)
BP to cut 10,000 jobs worldwide amid virus pandemic

By Danica Kirka Jun. 08, 2020 08:07 AM EDT

Energy company BP says it plans to cut 10,000 jobs from its global workforce amid the COVID-19 pandemic

Jun. 08, 2020 08:00 AM EDT
LONDON (AP) — Energy company BP says it plans to cut 10,000 jobs from its global workforce amid the COVID-19 pandemic. ...