Oil giant BP on Tuesday reported forecast-beating profit for the third quarter and hiked its dividend by 5.6 percent.
BP is at the centre of one of the world's biggest gas sales agreements, worth up to $100bn (£62bn) over 25 years, after signing a deal to supply energy from a Caspian Sea project that could reduce Europe's reliance on Russian fossil fuels.
BP has become embroiled in an acrimonious slanging match with one of the US Gulf states most affected by pollution from the Deepwater Horizon blowout in 2010 with the two sides trading blows over the oil company's cleanup record.
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.