BP Removes Chair Albert Manifold with Immediate Effect Amid Governance Concerns
BP has removed Chair Albert Manifold with immediate effect following serious governance and conduct concerns.
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BP Halts Share Buybacks, Takes $4B Green Energy Writedown
BP suspends buybacks to strengthen balance sheet amid struggling renewables, $22B debt, and falling oil prices. Shares drop 5% as company shifts focus.
Shell Decides Against Buying BP Amid Strategic Concerns
Shell leadership rejected an internal plan to buy BP in 2025, choosing shareholder returns over a complex mega-merger despite BP’s earlier struggles.
Shell Challenges Arbitration Loss to Venture Global Over LNG Contract Dispute
Shell appeals arbitration defeat against Venture Global LNG, claiming withheld evidence, after losing case over undelivered gas contracts worth billions during Ukraine war price surge.
Venture Global Shares Plunge as BP Wins Multi-Billion Dollar Potential Contract Breach Case
BP has won its arbitration case against Venture Global over the failure to deliver contracted LNG from the Calcasieu Pass plant. The ruling, which mandates a 2026 hearing for over $1 billion in damages, heightens VG’s financial exposure amid multiple ongoing claims.