More consolidation of the oil industry appears inevitable, sources say, and $100 billion in deals points to a shift from the boom-and-bust trends of the past.
Seemingly, California is a deeply blue state in which Democrats hold virtually all of the levers of political power, including all statewide offices and three-fourths of the Legislature’s seats.
BP is denying former CEO Bernard Looney, who resigned in September, a payout of more than $40 million, the oil company announced Wednesday. In the announcement, BP said Looney “knowingly misled the board” of the oil company about his personal relationships in July 2022, more than a year before his resignation. The company wrote that this…