The company intends to offload the business for an undisclosed sum to LS Power as part of plan to shed US$20 billion in assets.

While the stock has not outperformed its peers over the past five years, the company has become a potential takeover target for larger firms. Even if a takeover doesn’t happen, the activist investor ...

Big oil companies are forecast to post their lowest quarterly profits in four years after geopolitics whipsawed prices and ...

Though new to the energy sector, Manifold is seen as a capable turnaround executive with experience in portfolio restructuring and cost discipline. The move comes after BP backed away from aggressive ...

BP named a new board chair after activist shareholders pressured the company to move in a new direction.

The UK stock market’s flagship index hit a new high this morning, but with investor confidence in the UK waning, will the ...

Muted market response to former CRH chief’s appointment belies reputation as ‘shrewd operator’ and ‘man on a mission’ ...

The bank’s FTSE 100 peer BP has had a little more luck with its search for a new chair, which came to a close on Monday. BP is contending with an activist campaign from Elliott Management, a ...

Irishman Albert Manifold (pictured) has been appointed chairman of BP, sparking a muted response from both investors and analysts.

Albert Manifold, the former chief executive of building materials company CRH, will join the BP board in September and take ...