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...The total includes almost £1mn that Looney will have to pay back to the company. BP and Looney declined to comment....
...Exxon boasts a market value of about $480bn versus $300bn for Chevron, $230bn for Shell and $110bn for BP....
...It said on Thursday its new simplified structure would reduce duplication and reporting line complexity, to deliver “a simpler, more focused and higher value company”....
...Darren Woods received salary, stock options and a bonus amounting to $36.9mn in 2023, the US’s biggest oil company reported in a securities filing on Thursday....
...However, BP has significantly increased the number of women serving in senior roles at the company in recent years....
...Israel’s NewMed said talks over a $2bn bid by BP and the Abu Dhabi National Oil Company for a 50 per cent stake in the natural gas group have been suspended because of “uncertainty”....
...BP’s interest in hydrogen suggests big energy companies see the potential for green hydrogen to generate revenue....
...BP has named Aviva’s chief executive Amanda Blanc as its next senior independent director in the first major shake-up of the energy company’s board since it oversaw the departure last year of boss Bernard...
...BP will form a joint venture in Egypt with the Abu Dhabi National Oil Company as the UK oil major looks to expand its international gas portfolio....
...in other companies to a value of more than $2mn....
...The US Securities and Exchange Commission alleged Tyler Loudon had made $1.76mn in illegal profits after buying up thousands of shares in TravelCenters of America ahead of its $1.3bn acquisition by BP in...
...to fully disclose past relationships with company colleagues....
...companies....
...BP and the Abu Dhabi National Oil Company have suspended talks on a $2bn deal to buy a 50 per cent stake in Tel Aviv-listed NewMed Energy, as Israel’s war with Hamas enters its sixth month....
...Auchincloss confirmed on Wednesday that BP’s transition “from international oil company to integrated energy company . . . does not change”. The overarching principle may not change....
...Prompted by BP’s appointment today of interim boss Murray Auchincloss as its permanent chief executive to replace Bernard Looney, we’ve had a look at how recent gossip around the oil energy company failed...
...Stints in Texas and Scotland as finance chief for the company’s North America gas and North Sea operations, respectively, followed....
...Despite its modest size, Bluebell boasts some success at other big companies, namely Danone. Yet it is unlikely to count a strategic volte-face at BP among its victories....
...“Commercial viability is fundamental for ambitious projects of this size and scale,” said Molly Morris, president of Equinor Renewables Americas....
...The Australian refinery is one of five biofuel projects that BP has planned globally, the company said. But, make no mistake, oil is still king at BP....
...Looney was forced to resign from BP in September in a scandal centred on his failure to disclose past relationships with company colleagues....
...Auchincloss, a Canadian national, joined BP from Amoco in 1998, when the UK-listed company merged with the US business....
...However, among the stakeholders to lose out, in Martin’s analysis, is the company itself in the long term....
...BP has never hired a chief executive from outside the company in its 113-year history. Read more here....
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