BP
BP to drill new Gulf of Mexico oil field as profits beat forecasts
Oil major announces expansion plans and pledges to sustain pace of share buybacks
Irish Stock Exchange plans to woo start-ups
Seen & heard: US pressure on airport slots; Dave’s Hot Chicken eyes Ireland; a new Dublin brewery; and BP on peak oil
Bernard Looney plots Abu Dhabi comeback from BP scandal
Adnoc’s Sultan al-Jaber has discussed projects with ex-CEO following exit in disgrace from oil major
They’re tax efficient – but should you invest in trusts?
Investment trusts have historically appealed to investors seeking income as like other public companies they will often pay out dividends
BP toughens workplace intimacy rules in wake of Looney sacking
Oil major updates its conflicts of interest policy after dismissal of CEO over his failure to disclose past relationships to board
European stocks slip as US bond sales struggle amid concerns over Fed rate cuts
Iseq index falls 1.3% amid a large decline for Ryanair shares
Shares jump on positive earnings reports from European banks
Iseq index underperforms, adding just 0.3% amid slump in Ryanair shares
BP promises to cut costs as profit misses forecast
Oil major says it will trim $2bn of cash costs and announces another $1.75bn of share buybacks
US shares advance as markets eye Apple results
Iseq index outperforms its peers, adding 1.5% after positive updates from Smurfit Kappa and Glenveagh Homes
The E in Environmental, Social and Governance is fast becoming a dead letter
Wall Street giants and oil majors continue to roll back support for climate action
Leaving the London stock market won’t cure Shell’s share price woes
The LSE has already lost companies such as CRH, Flutter and Ferguson to the US market in recent times
Greenhouse gases: Major oil and gas companies still the main polluters since 2016 Paris Agreement to cut emissions
Climate change: Database update reveals 57 large multinationals are responsible for 80 per cent of emissions since 2016
Why more CFOs are becoming CEOs
Chief financial officers have been taking more responsibilities in everything from corporate strategy to sustainability
As more companies go quiet about greenness, many people are still distracted from the real issue
Social media content creators are hesitant about producing sustainability material due to the backlash risk
Global markets little changed as investors seek interest rate clues
Hotel group Dalata up 0.8% in Dublin as its share price climbed above pre-Covid levels for first time
Shares pause ahead of key central bank meetings
Paddy Power-owner Flutter surges on Wall Street debut
BP names Auchincloss as new CEO after Bernard Looney scandal
New boss replaces Irishman Bernard Looney forced out in September
Planet Business: A $1 billion mega-tour and other numbers of the year
From flight cancellation misery and forfeited pay to corporation tax hauls and obesity drug bonanzas, everything in 2023 had either a value or a cost
Escalating Houthi attacks making Red Sea a no-go area for shipping
Big firms are ordering their vessels to reroute around the tip of Africa as Yemen’s Houthis step up missile strikes in response to Israel’s military campaign in Gaza
BP memo denies Bernard Looney pay decision was ‘unduly harsh’
Oil major briefed leaders on fielding queries over £32.4m clawback from its ex-chief
ESRI cuts growth forecasts, Esprit’s plan for a 300-bedroom hotel in Dublin 2, and drones as a weapon of war
The best news, analysis and comment from The Irish Times business desk
Former BP boss, Irishman Bernard Looney, to forfeit £32.4m after ‘serious misconduct’
Oil group says it has ‘dismissed’ ex-chief for failing to disclose past relationships with colleagues
How BP’s ‘Sun King’ court enabled the rise and fall of Irishman Bernard Looney
Former employees say oil major has tended to overlook its rising stars’ mis-steps
Is it any of your employer’s business who you are friends with at work?
Some organisations are asking for disclosure of platonic as well as romantic workplace relationships
European shares advance despite data showing contraction of euro area economy
BP tumbles as chief executive plays down takeover talk after disappointing results
BP’s profit falls short as gas trading turns weaker
Third quarter profit rebounded from prior period amid stronger performance in oil trading but failed to live up to expectations
Bernard Looney accused of promoting BP women with whom he had undisclosed relationships
The relationships allegedly occurred before the former CEO took the helm of the oil giant
Sex, lies and magical thinking about CEO behaviour
The departure of Bernard Looney from BP is another example of how boards are stepping up their scrutiny
BP appoints Kate Thomson as interim CFO
Energy company overhauls top management following exit of Bernard Looney
With Looney gone, will BP perform a U-turn on its ambitious clean energy targets?
Investors did not reward Irish executive’s initiative with BP shares lagging those of industry rivals since emissions announcement
BP chair rules himself out as next chief executive after Bernard Looney exit
Helge Lund has sought to reassure investors following Looney’s abrupt departure
European shares dip before ECB decision and BP investors mull shock CEO exit
Traders await European Central Bank’s latest interest rate move
Bernard Looney’s exit leaves vacuum at top of BP
Oil major left with a strategy in flux and no obvious successor
BP’s Irish CEO quits, Apple cuts iPhone prices, and private school costs
Business Today: the best news, analysis and comment from The Irish Times business desk
Bernard Looney resigns as BP chief over ‘past relationships with colleagues’
Executive who joined company in 1991 aged 21 has led UK oil major since 2020
Offshore wind runs into rising costs and delays
Decision to halt wind farm project off UK coast points to wider issues
European shares edge higher ahead of Federal Reserve decision
Energy stocks among the fallers, while Dublin’s Iseq closes lower
European shares fall to one-month low as oil stocks slide, Pearson plummets
Traders look to interest rate decisions later this week
Eye-popping executive pay rewards luck, not managerial wizardry
In a sane world CEO pay would be primarily in cash with equity used only for exceptional performance
LGIM votes against pay awards at CRH, Greencore and Flutter
UK money manager se its ownership of companies to push for greater ESG (environmental, social and governance) standards
Irish CEO of BP sees his pay double to €11.3m in 2022 on back of record profit
Bernard Looney is latest energy boss to enjoy huge rewards boost as oil and gas industry records bumper profits
European stocks gain on hopes of measured Fed rate hikes
Iseq rises, supported by Smurfit Kappa and AIB
Cutting oil and gas production is ‘not healthy’, says Shell’s new chief
BP, Shell’s closest peer, said last month that it would slow the planned decline in its oil and gas production
Shell bosses explored quitting Europe and moving to the US
New boss part of executive review that discussed potential shift in effort to close value gap with American rivals
BP defends transition strategy after curbing retreat from oil and gas
Top executive says ‘no link’ between revised strategy and lower returns from renewables
Fears growing over future of Credit Suisse’s Irish business
Seen & Heard: Deliveroo drivers and tax, a BP-backed company plans for a refinery in Cork, and a hotel’s plans for Dublin apartments
BP’s value tops £100bn for first time in three years after retreat to fossil fuels
UK oil giant up almost 19% in London trading since announcing record annual profit earlier in week
European shares rise after gains for energy and chemicals stocks
Microsoft among the climbers on Wall Street as it unveils new AI-powered version of search engine Bing
BP reports record $28bn profit, rows back on cutting oil output
Profit surges amid rocketing energy prices
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