BP has warned it will book pre-tax writeoffs on assets and exploration to the tune of $16-21 billion in its second-quarter results as it revised down its long-term oil price assumption and launched a ...

BP expects to book an impairment of up to $2 billion for the second quarter, and warned that weak oil trading and lower refining margins will hurt earnings. The British energy major said Tuesday that ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Markets gave back their gains from Tuesday in the face of ...

LONDON—BP PLC on Wednesday became the latest natural-resources company to announce cuts during a time of slumping commodity prices and uncertain demand. The U.K. oil-and-gas company said it expects to ...

Random House Books has acquired one of the first books on the Gulf of Mexico oil leak, Spills and Spin: The Inside Story of BP by Reuters oil-industry reporter Tom Bergin. Senior editor Silvia ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Drowning in Oil BP and the Reckless Pursuit of Profit By Loren Steffy McGraw-Hill, $27/£19.99 If journalism is ...

Simply sign up to the Pensions industry myFT Digest -- delivered directly to your inbox. BP is set to book a $700mn windfall due to tax changes aimed at boosting corporate pension fund investment in ...