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BP Surprises Wall Street, as Cost Cutting Trumps Weak Prices

BP Surprises Wall Street, as Cost Cutting Trumps Weak Prices

BP plc, the first supermajor out of the gate to deliver first quarter results, posted a surprising net profit that upended Wall Street forecasts as lower costs more than offset the impact of weaker commodity prices.

April 26, 2016

BP, GE Industrial Internet Project to Connect 4,000 Global Wells

A massive production optimization project is under way by General Electric's (GE) Intelligent Platforms Software that eventually would connect 4,000 of BP plc's wells around the world.

July 9, 2015

BP, GE Industrial Internet Project to Connect 4,000 Global Wells

A massive production optimization project is under way by General Electric’s (GE) Intelligent Platforms Software that eventually would connect 4,000 of BP plc’s wells around the world.

July 9, 2015
BP to Separate Lower 48 Onshore Business

BP to Separate Lower 48 Onshore Business

To improve its innovation and react more swiftly, BP plc plans to separate its U.S. onshore Lower 48 business.

March 4, 2014

BP Targeting Jump in GOM Production by 50% Within Two Years

With a record 10 drilling rigs now working the deepwater Gulf of Mexico (GOM), BP plc is taking aim at increasing output by one-half over the next two years, to 300,000 boe/d from the current 200,000 boe/d, CEO Bob Dudley said Tuesday.

February 4, 2014
BP’s Bid to Drop Some Macondo-Related Payments Rejected

BP’s Bid to Drop Some Macondo-Related Payments Rejected

BP plc’s request to halt some settlement payments related to the Macondo well blowout in 2010 has been rejected by the New Orleans court overseeing the multi-district litigation.

December 26, 2013

BP Pledges $10B More Asset Sales Through 2015

A pledge to sell $10 billion more in assets by the end of 2015 and increase its quarterly dividend excited BP plc shareholders Tuesday, sending the stock price up nearly 5% for the day.

October 29, 2013

Phase Two of BP Trial Underway

The second phase of the multi-district litigation (MDL) against BP plc concerning the Macondo well blowout got underway Monday in New Orleans, with lawyers battling it over the amount of oil spilled into the Gulf of Mexico for 87 days beginning April 20, 2010.

October 1, 2013
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