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BP PLC
BP expects third-quarter 2026 upstream production to be between 2,190 and 2,240 mboe/d and projects a significant reduction in net debt to $13.5–14.5 billion from $22.3 billion in the second quarter. The company redeemed $1.0 billion in hybrid securities on September 30, 2026, and anticipates impairment charges of $3.0–4.5 billion for the third quarter.…more
BP PLC
BP PLC announced that as of September 30, 2026, its issued share capital consists of 15,705,666,807 ordinary shares (excluding treasury shares), with a total of 15,710,749,307 voting rights. This disclosure is provided to assist shareholders in calculating their notification requirements regarding interest changes under the FCA's Disclosure Guidance and Transparency Rules.…more
BP PLC
BP disclosed that its executives and key management personnel acquired company shares through various share plans including ShareSave, ShareMatch, and DRIP during September 2026. Additionally, the company confirmed a second-quarter 2026 interim dividend of $0.0866 per ordinary share ($0.5196 per ADS), which was paid on September 18, 2026.…more
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BP Agrees to Pay $350M to Louisiana Over Deepwater Horizon Settlement
BP has agreed to pay $350 million to the state of Louisiana to resolve outstanding economic damage claims related to the 2015 Deepwater Horizon settlement. This agreement marks the end of long-standing legal disputes and aims to foster a new chapter in their relationship.…more
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TechnipFMC has signed an MOU with BP to cooperate on the supply of 20K subsea tree systems for projects in the Gulf of America. The agreement establishes a framework for early collaboration on technology development and project scheduling.…more
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BP expects its Q3 upstream production to slightly increase from the previous quarter while significantly reducing net debt. However, the company anticipates post-tax impairment charges of $3.0 billion to $4.5 billion, which will impact its financial results.…more
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