BP (BP) concluded the recent trading session at $35.56, signifying a -0.31% move from its prior day's close.
Move comes months after its chief executive was forced to step down after it was learned he maintained inappropriate relationships with colleagues.
BP has tightened its conflict-of-interest policy, requiring employees to disclose any intimate workplace relationships or face potential dismissal, following the high-profile exit of former CEO Bernard Looney.
Companies carrying out share buyback should be taxed at 4% of the value of the issue, a new manifesto pledge by the Liberal Democrats has suggested. In a move echoing a similar levy already in place for the US's top 100 companies, the policy would raise £1.4 billion and pay for free school meals for an additional 900,000 children growing up in poverty, said Ed Davey, the party's leader.
BP has told its managers to own up to thier liaisons with their colleagues or face the sack. After former chief executive Bernard Looney stepped down after an affair with a colleague, the FTSE 100 giant has introduced a new policy ordering staff to come clean about inter-office relationships.
BP employees must disclose any intimate relationships with colleagues or risk losing their jobs, the oil major told staff in a policy update, following the sacking of former CEO Bernard Looney for failing to do so.
BP selects Singapore's Seatrium to handle early engineering for its new floating production unit in the Gulf of Mexico, marking a significant step forward in the Kaskida project.
BP achieves a milestone with the arrival of the FPSO at its GTA project off the coast of Mauritania and Senegal. The project aims to produce 2.3 million tons of LNG annually for more than two decades.
From upstream activities to midstream, prospects for companies are rosy now, enhancing the outlook for the Zacks Oil and Gas Integrated International industry. XOM, CVX, BP & VIST will make the most of the favorable business scenario.
For a consistently cynical take, it's difficult to ignore the viability of oil stocks to watch. In particular, the hydrocarbon sector cooled off, only to spike back up as tensions in the Middle East flared again.
Divesting non-core assets is a strategic tool for oil and gas companies to enhance financial health. This highlights the need to keep an eye on XOM, BP and OXY.
BP and Trinidad's NGC receive a two-year license from the U.S. Treasury Department to develop the Cocuina-Manakin gas fields with Venezuela, marking a strategic shift in energy partnerships.