Profit dropped significantly in the fourth quarter of 2023 for British energy giant BP Plc compared to the same period of the previous year. BP reported on Tuesday that its fourth-quarter replacement cost (RC) profit plunged to $1.53 billion from last year's $11.87 billion. Underlying RC profit was $2.99 billion, down from $4.81 billion a year ago. Underlying RC profit per ordinary share was 17.77 cents, compared to 26.44 cents in the prior year. Underlying RC profit per ADS was $1.07, compared
A BP oil refinery in Whiting, Ind., suffered a power outage, forcing evacuations and extra burning that resulted in flaming stacks. Here's what we know.
It has a record of pollution rule violations, reaching settlements in 2019 and 2022 over releases of sooty "particulate matter" linked to asthma and other respiratory diseases.
A major Midwestern oil refinery shut down by a fire should reopen in the next few days, its operators said Monday, and industry experts said the brief shutdown.