Falling oil price puts BP’s profits at risk of 20% drop, say analysts

The dramatic effect of falling oil prices on profits in the energy sector will be underlined this week as BP unveils third quarter earnings that could be as much as 20% lower than the same period last year.

US justice system was always going to find BP guilty

BP has spent years waiting to hear its punishment for the Gulf of Mexico disaster. On Thursday, the verdict it regarded as its worst case scenario landed with thudding predictability.

Tony Hayward's interim chairman role at Glencore could become permanent

Tony Hayward, the former boss of BP best remembered for being forced to resign from the oil group over his handling of the Gulf of Mexico disaster, has been revealed as a surprise candidate for the next permanent chairman of mining-cum-trading group GlencoreXstrata.

Oil giant may need EGM over TNK-BP sale

BP could be forced to hold its first extraordinary general meeting in more than a decade to gain approval for selling out of TNK-BP.

BP and Transocean 'dropped the ball' on safety ahead of Gulf disaster

BP and Transocean "dropped the ball" on safety ahead of the Gulf of Mexico disaster, failing to focus on the risks of major accidents on the Deepwater Horizon rig, US regulators said.