Bob Dudley Tag

BP’s profits in the third quarter took a significant hit after taking a one-off US$2.6 billion charge linked to asset sales, however outgoing chief executive Bob Dudley said underlying cash flow and earnings remained strong in the period. The $2.6 billion charge resulted in a $700...

BP is on the brink of a new era after long-standing chief executive Bob Dudley announced he would be stepping down from the role, to be replaced by the oil major’s current head of exploration and production Bernard Looney. Since taking the top job in the...

BP (LSE:BP) latest financial results have exceeded analyst expectations, despite the British oil major taking a hefty hit on an unsuccessful project in Angola. Profits on a replacement cost basis fell by 5% during the second quarter of 2017 to US$684 million, from $720 million in...

BP announced a return to marginal profits for 2016, a drastic improvement from last year’s numbers. The British oil major reported headline profit of US$115 million compared to the 2015 loss of $6 billion. The earnings impaired by Gulf of Mexico legacy charges of $4.1 billion. It...