A massive hurricane that ripped through the Gulf of Mexico took a big chunk out of BP’s production while boosting its tax rate, the oil giant warned on Friday.
The BP boss brought in to turn around the oil giant following the Deepwater Horizon disaster is retiring after 40 years in the industry.
Lower oil prices offset an otherwise good performance for BP in the first half of the year, while major projects such as Culzean in the North Sea came online.
BP chief executive Bob Dudley pocketed £11.2million in 2018, amid an “exceptional year” for the energy giant.
BP’s boss praised the oil major’s “steady progress” as profits soared in the first-half of 2018. UK-headquartered BP chalked up pre-tax profits totalled £6.7 billion, up 190% year-on-year, while revenues increased to £111bn from £86bn. The firm’s underlying replacement cost profits more than doubled to £4.1bn. >> Read more on Energy Voice here <<
BP chief executive Bob Dudley’s pay package was approved without fuss at the UK oil giant’s annual general meeting in Manchester yesterday.
BP chief executive Bob Dudley was poisoned by Russian security services and forced to flee the country, according to a news report.
A North Sea union boss lashed out last night after it emerged BP chief executive Bob Dudley’s pay package for 2017 soared by more than £1million to £9.5million.
Energy giant BP has predicted global oil demand could peak by the late 2030s.
BP chief executive Bob Dudley has hailed 2017 as one of the strongest years in the company’s recent history.
The oil industry must have an open dialogue with young people to avoid repeating the mistakes of the 80s, when a generation of innovators was lost, according to BP’s chief executive.
BP’s top boss said the oil major would double its North Sea production as he hailed the region as one of the company’s “crown jewels”. Bob Dudley sat down exclusively with Energy Voice in his first trip to Aberdeen since 2011. To read the full story visit our sister site Energy Voice.
Two shareholder-advisory firms recommended investors vote against the Royal Dutch Shell Plc Chief Executive Officer Ben Van Beurden’s pay, saying his bonus is “excessive.” A third adviser said shareholders should give “qualified support.”
North-east oil workers have started pulling out of Iraq as Islamic militants marching on Baghdad attacked the country's biggest energy terminal.