Former BP CEO Bernard Looney is forfeiting about $40 million in severance because the company’s board determined he engaged in “serious misconduct” for not fully disclosing his relationships ...

UK oil giant BP said its new, interim CEO is in a romantic relationship with a co-worker — days after Bernard Looney was ousted as chief executive over his failure to disclose his own personal ...

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.

(Bloomberg) — Shell Plc (SHEL.L) is working with advisers to evaluate a potential acquisition of BP Plc (BP.L), though it’s waiting for further stock and oil price declines before deciding ...