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BP shares dropped Tuesday after the firm flagged it expects to post an impairment of up to $2 billion in the second quarter and warned of lower refining margins weighing on its results.
The wedding of Anant Ambani – youngest son of Reliance Industries Ltd. Chairman Mukesh Ambani – will be attended by luminaries from HSBC Holdings plc Chairman Mark Tucker and Samsung Electronics Co. Ltd. Chairman Jay Lee to political heavyweights like former UK leaders Boris Johnson and Tony Blair, according to people familiar with the guest list who spoke on condition of anonymity.
BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a "significantly weaker" margin in fuels and lower gas and oil prices.
British oil major BP on Thursday trimmed its executive team down to 10 members and announced William Lin as the new head of the firm's oil and low carbon energy business.
BP has cut over a tenth of the workforce in its electric vehicle charging business and pulled it out of several markets after a bet on rapid growth in commercial EV fleets didn't pay off, company sources said.
LONDON — Oil and gas major BP appointed Murray Auchincloss as permanent CEO, the company said Wednesday.