After the deal closes, BP will become the sole owner of the industrial-scale sugarcane and ethanol business. This acquisition and focus on key biofuels projects are expected to support BP’s ...

BP (BP) said it expects the Bioenergia acquisition and focus on key biofuels projects will contribute to its 2025 targets of delivering ~$2B in EBITDA from bioenergy and $3B-$4B across all its ...

BP could become the first major energy company to start commercial scale production of cellulosic ethanol in 2010 if all goes according to plan. BP has been partnering with Verenium Corporation to ...

BP is cutting 4,700 jobs, or just over 5 per cent of its workforce, as part of an effort to save $2bn of costs and revive its ...

Philip New, Vice President of BP Biofuels, commented, "This is another significant milestone in BP's global biofuel strategy as we expand our operations base and demonstrate our genuine commitment ...

BP's focus on returning capital to shareholders is attractive, however, lower oil prices could impact the strategy. Read why ...

Opinions expressed by Forbes Contributors are their own. Gaurav Sharma is a London-based analyst who covers energy & ESG. When the news arrived that BP (LON: BP) was scaling down its renewable ...

In the five quarters Auchincloss has presided over since becoming interim chief executive in September 2023, BP has missed consensus expectations for its net debt four times, for revenue and operating ...

bp is making 4,700 staff redundant – more than 5% of its total workforce – and axing 3,000 contractors as it pushes to cut ...