BP
Weakening corporate climate pledges is a symptom of waning momentum
Recent high-profile corporate backtracking from climate commitments shows the fragility of pledges when attention and accountability drift
BP’s low-carbon team axed as company returns to oil and gas
Staff told it is not ‘commercially viable’ to keep unit dedicated to low-emissions vehicles
BP’s chief aims to more than double market value to $200bn
Murray Auchincloss predicts ‘tremendous’ demand for oil and gas beyond 2050
BP to slash renewables spending in pivot back to oil and gas
Shift follows pressure from activist hedge fund Elliott Management
BP to abandon pledge to cut oil and gas output as chief fights for group’s survival
Auchincloss must convince activist investor Elliott Management he can turn around troubled oil major
Big tech firms sought early meetings with Michael McGrath immediately after he took office as an EU commissioner
The best news, analysis and comment from The Irish Times business desk
BP’s future at stake as Elliott circles and the Telegraph mourns
Company’s pivot towards green energy under Bernard Looney certainly alienated investors
Safe, transparent, trustworthy AI? No thanks, say US and UK
Planet Business: Plastic straw update, Elon Musk’s 19-year-old Doge lieutenant and the latest in Gulf of America appeasement
Shares edge up as investors weigh Trump tariffs
Threat of 25% charge on steel imports hit some stocks
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
Crosswords & Puzzles
Crosswords & puzzles to keep you challenged and entertained
Stardust
Inquests into the nightclub fire that led to the deaths of 48 people
Common Ground
How does a post-Brexit world shape the identity and relationship of these islands
Family NoticesOpens in new window
Weddings, Births, Deaths and other family notices