Lacking natural advantages and national support of other energy majors, the companies need to be more nimble.

BP Plc’s company secretary Ben Mathews will leave the oil major at year-end following an extended personal leave that coincided with the unexpected removal of ex-Chairman Albert Manifold.

BP Plc named Ian Tyler chairman following an interim stint leading the board this summer. This decision comes after the unexpected ouster of Albert Manifold in May.

British company BP has secured an offshore licence in Venezuela, marking its return to the country less than nine months after the US government ousted former president Nicolás Maduro. This move aligns BP with other major oil companies re-entering the Venezuelan market following the political changes in Caracas.

Arab Gulf companies are making their debut in Venezuela through an offshore natural gas project to be operated by BP Plc.

Roman Polanski has called for increased taxes on oil and gas profits to support wildfire prevention efforts. This demand comes as both Shell and BP reported their highest quarterly profits in four years.

BP Plc Chief Executive Officer Meg O’Neill said it’s “prudent” to stop thinking of the company as a Big Oil supermajor. This marks a significant shift in how she wants investors to judge the oil giant as she works to reverse years of under-performance.

BP Plc announced it has put its Archaea Energy biogas business up for sale, coinciding with a surge in profits. Chief Executive Officer Meg O’Neill is driving the company's turnaround after years of underperformance.

BP reported a net profit of $5.7 billion for the second quarter, more than doubling its profit from a year earlier. The surge in earnings was attributed to higher oil and gas prices and stronger refining margins due to supply disruptions in the Middle East.

BP's profit more than doubled in the second quarter, coinciding with U.S. President Trump's criticism of Big Oil for making 'too much money' off higher fuel prices. This backlash comes in the context of rising fuel prices linked to the ongoing Iran war.

BP Plc has received approaches for its North Sea business just days into the sale process, according to the company’s chief executive officer.

BP's CEO emphasized the necessity for the company to enhance its balance sheet. This statement highlights the company's focus on financial stability and resilience in the current market environment.