The oil giant also says it is suspending its share buyback programme ahead of the arrival of its new boss.

BP's decision to scrap buybacks may be painful in the short run, but by prioritising production growth over shareholder ...

The Wall Street Journal reported yesterday that Shell (SHEL) was in early-stage talks to acquire BP (BP), a deal that could be the largest oil merger in a generation, potentially surpassing ExxonMobil ...

Shell's firm denial that it's eyeing acquisition of BP may tamp down chatter of a blockbuster deal for now — but it won't end speculation about BP's fate as long as it underperforms its Big Oil rivals ...

Shell doubled down on its denial of acquiring rival BP, claiming it has “no intention” of making an offer while invoking a U.K. law that forbids Shell from bidding on BP during the next six months ...

BP on Tuesday posted fourth-quarter profit in line with expectations, after crude prices dipped below $60 a barrel for the ...

A recent attempt by BP to shift its strategy to focus more on oil and gas production over renewables was not warmly greeted by investors BP's stock rallied on Wednesday, and shares of Shell fell, ...

For weeks, market tongues have been wagging about a potential merger between Britain's oil giants — until, ending weeks of speculation, Shell on Thursday denied reports that it's in talks to acquire ...

The United States has approved new licences allowing major international energy companies — BP plc (LSE: BP), Chevron ...

BP will evaluate hydrocarbon prospects in Messla and Sarir as it reopens Tripoli office by late 2025. Shell will conduct feasibility studies on Libyan oil fields fully owned by the National Oil ...

1124 GMT - Gold futures rise on declining U.S. Treasury yields and a weaker U.S. dollar. Futures are up 0.35% at $3,354.80 a troy ounce. The precious metal has extended its recovery after investor ...

Shell is advancing its Dragon offshore gas project in Venezuela after new U.S. licenses permitted limited energy development under sanctions.