On April 20, 2010, a blowout caused a huge explosion on the offshore drilling rig operated by BP in the Gulf of Mexico. Eleven people were killed. Two days later, the rig collapsed. Oil began ...

BP is also struggling to reduce its debt levels as it continues to spend on transitioning to low-carbon energy. Read next BI Tech Memo An icon in the shape of an angle pointing down.

The latest speculation about a possible merger between Shell plc SHEL and BP plc BP has reignited discussions about mega-mergers, drawing comparisons to ExxonMobil’s XOM acquisition of Pioneer ...

BP now aims to grow oil and gas production. Across the energy sector, major companies that shifted their position in response to the need to lower carbon emissions and curb climate change have ...

By Stanley Reed Reporting from London BP, the energy giant, said on Wednesday that it would increase spending on oil and gas while sharply paring back investments on various forms of clean energy.