BP chief Lord Browne's pay falls
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BP chief executive Lord Browne's pay packet shrinks for a second year, the oil giant's annual review shows.
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Energy giant BP, reeling from fatal safety errors and a boardroom scandal, said Tuesday that third-quarter profits slumped owing to lower output, weak US gas prices and refinery outages.
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Oil prices fell to a six-month low  under $60 a barrel on Monday as BP's move to restore output at  Prudhoe Bay earlier than expected added to a sense of healthy,  secure supplies, while demand growth questions loomed large.
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ANCHORAGE, Alaska  - BP unit BP Exploration (Alaska) Inc has agreed to pay $379 million to settle a dispute over outstanding corporate income taxes charged between the years 2000 and 2002, Gov. Sarah Palin said on Monday.
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A deposition will be taken from BP chief executive John Browne in London on Friday related to a fatal 2005 explosion at a Texas refinery run by the British energy giant, a US lawyer said Wednesday.
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Oil giant BP Plc  posted a lower-than-expected 12 percent drop in fourth-quarter profit on Tuesday as production fell and taxes rose but investors were disappointed by scaled back growth plans and rising costs.
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Business & money: Restructuring programme launched last year by chief executive wiped out benefits of record oil prices
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Oil giant BP sees its latest profits slump 45%, hit by a slowdown in production and refinery problems.
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The head of exploration and production at BP has criticised the company's leadership style on BP's internal website, the Financial Times reported.
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BP, the British oil company, said the chief executive of its refining and marketing operations is leaving to run Talisman Energy of Canada. The executive, John Manzoni, had been passed over for the chief executiveâs position at BP when Tony Hayward was named to the job this month. Mr. Manzoni will become president and chief executive of Talisman. He will be succeeded at BP by a fellow executive, Iain Conn, BP said. Mr. Manzoni was criticized for his handling of safety management after an explosion killed 15 workers at a BP refinery in Texas in March 2005.
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The head of the House Energy and  Commerce Committee chided BP Plc.  executives on Thursday  for overlooking corrosion that threatened to shut down the  giant Prudhoe Bay oil field in Alaska, calling the UK-based  energy giant's policies "as rusty as its pipelines."
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LONDON - BP PLC agreed to pay $373 million to resolve charges related to a fatal refinery explosion, market manipulation, and an oil pipeline leak, as Europe's second-largest oil company tries to recover from lapses that dented its share price and image.
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BP reported a 45 percent fall in  third-quarter replacement-cost profit to $3.867 billion due to  lower oil and gas production, problems at its refining division  and fewer asset sales which had flattered the year-earlier  result.
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BP Plc posted a 12 percent fall in fourth-quarter replacement cost (RC) net profit to $3.895 billion on Tuesday as oil and gas production fell and costs and taxes rose but the oil giant still beat forecasts.
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US oil giant Exxon Mobil sees its quarterly profits fall 4.3% after it is hit by falling petrol and natural gas prices.
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Engiant BP said Wednesday that it will cut more than 350 jobs at its North Sea operations in the face of lower output and soaring costs.
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BP  reported a 45 percent fall in third-quarter replacement-cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales which had flattered the year-earlier result.