Bp

BP Energy Co. and affiliates have agreed to pay $102 million in damages to California in a settlement related to allegations that the BP plc unit intentionally overcharged the state for natural gas between 2003 and 2012, California Attorney General (AG) Xavier Becerra said Thursday.

European-based oil majors BP plc and Royal Dutch Shell plc each expect future after-tax earnings in the United States to be impacted positively by recently enacted federal tax reform legislation, but fourth quarter results may see impairments of $1.5-2.5 billion, the operators said.

European-based oil majors BP plc and Royal Dutch Shell plc each expect future after-tax earnings in the United States to be impacted positively by recently enacted federal tax reform legislation, but fourth quarter results may see impairments of $1.5-2.5 billion, the operators said.

BP plc is pouring more investments into its alternative energy business with a $200 million bet on solar development.

BP plc has requested a rehearing of a July 2016 FERC decision that affirmed the findings of an administrative law judge (ALJ) and levied a $20.16 million fine against the London-based supermajor in a 2008 market manipulation case, asking the Commission to consider changes in law based on two recent cases.

BP plc on Tuesday signaled more confidence in its global oil and natural gas businesses, as it doubled year/year earnings and said it has restarted share buybacks.

Natural gas and oil are expected to be central to the supermajors’ business strategy for decades to come, even as their investments in alternative energy escalate.

BP plc has launched an initial public offering for its Houston-based pipeline spinoff BP Midstream Partners LP.

BP plc is taking delivery of six state-of-the-art liquefied natural gas (LNG) tankers to support the Freeport export project on the Texas coast and its expanding global portfolio, as it responds to a “growing demand for lower-carbon energy sources around the world.”