BP said that second-quarter profit took a hit from lower crude prices, becoming the latest oil major to issue such a warning.

Shell's robust rejection of these reports appears to have, for now, thrown cold water on a potential takeover bid for BP.

BP will slash over 5% of its global workforce as part of CEO Murray Auchincloss’ efforts to reduce costs and rebuild investor confidence after the energy giant was rocked by scandal, the company ...

Shell has denied it. No plans to buy BP. No talks. Nothing to see. Still, when your biggest domestic rival has to publicly ...

BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity 20-fold between 2019 and 2030 to 50 gigawatts.

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while refusing to comment on an analyst’s question about whether he’s had ...

The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principal aim” was increasing earnings.

The announcement means that Shell will not be able to make a formal takeover approach for BP for six months, under City rules ...

Shell, the massive oil company based in London, said Thursday it has “no intention” of buying out BP, after a report by The Wall Street Journal claimed Shell ...

The striking part of the statement is that it was made under what is known as 2.8 of the UK City Code on takeover and mergers. That might seem dull, but in theory, it means Shell has barred itself ...

Oil giant BP has appointed former Shell finance chief Simon Henry to its board amid concern among investors about the performance of the ...

LONDON] Shell said it has no intention of making a takeover offer for BP, refuting an earlier report that two of Europe’s biggest companies were in active merger talks. Read more at The Business Times ...