BP has said it has discovered new evidence of fraud and conflicts of interest in the program that is paying billions of dollars to those who claimed they were harmed by the 2010 Gulf of Mexico oil spill.
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.
Bumi, the coal miner co-founded by financier Nat Rothschild, has lined up former BP executive John Manzoni to serve as its chairman once it has split from Indonesia's powerful Bakrie family.
Gay marriage is good for business, former BP chief executive Lord Browne said as the Lords prepare to debate the bill passed in the Commons last month allowing same sex couples to marry.
The government has so far failed to introduce measures from Brussels to crack down on oil and gas market abuse more than 18 months after it was told to and despite a flurry of price-fixing claims.
Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later, European Union regulators may discover energy traders never learned the lessons of the scandal.
BP, Shell and other big oil companies have been raided by European commission officials investigating allegations they "colluded" to rig oil prices.
BP profits outperformed expectations by almost $1 billion in the first quarter of 2013 thanks in part to the high margin nature of new production that came on stream at the end of 2012 and a strong performance from its trading division.
BP has been rebuked by the Norwegian oil and gas safety authority after a leak at one of its major North Sea platforms last year.
BP is inaugurating Earth Day as a markedly less "green" company - highlighting how certain business realities have run headlong into the once lofty expectations surrounding alternative energy.