BP will come under pressure at its annual meeting this week to explain how its decision to take a 20% stake in Russia's biggest oil company Rosneft is going to be affected by the country's standoff with the west over Crimea.
BP has been sucked into the row over Russia's annexation of Crimea with calls for the delisting from the London Stock Exchange of Rosneft, the Moscow-based oil company in which the British group has a 20% holding.
BP is closer to restoring its operations and reputation in the US after agreeing a deal with environmental protection authorities that it will enable the oil firm to bid for new drilling rights in the Gulf of Mexico.
Oil giant BP reported a drop in fourth-quarter profit due to lower profits in its refining and production business.
BP CEO Bob Dudley has denied the energy giant was in talks with Iran, two days after an international deal took effect which could see oil sanctions lifted on the country.
Global greenhouse gas emissions are set to rise by nearly a third in the next two decades, putting hopes of curtailing dangerous climate change beyond reach, a new report by BP has found.
BP has won permission to drill in the clear waters off Greenland, just three and a half years after abandoning similar plans to apply for a licence in the aftermath of the Deepwater Horizon blowout.
BP and Shell have been forced on the defensive by new allegations of price-rigging made in a US lawsuit brought by four oil traders.
Four traders sue.
Class action lawsuits like the ones BP is facing in the U.S. are a "business model" that serves only to benefit attorneys, the chief executive of BP told CNBC.
Transocean CEO Steven Newman said the company’s crew on the Deepwater Horizon “should have done more” to prevent the rig’s 2010 explosion in the Gulf of Mexico.