BP (BP) joint venture, Azule Energy, and its partners, SSI Fifteen Limited and Sonangol E&P, have discovered an offshore oil well that could hold nearly 500M barrels of crude off the coast of Angola.

The Algaita-01 results build on a long successful track record of 22 discoveries, once again confirming the exceptional effectiveness of the petroleum system in Block 15/06'.

Big Oil’s renewable energy pivot was an expensive mistake. The British oil giant took a $5.4 billion write-down on its green energy portfolio in 2025, including $3.5 billion on solar developer ...

The British energy giant expects to start the drilling campaign next year, with plans to use existing West Nile Delta production facilities. Image by frentusha via iStock BP PLC has signed a ...

Noting uncertainty at this preliminary stage, bp still expressed confidence in the discovery and its plan to begin an appraisal plan by yearend.

BP is upgraded to Buy, driven by a strategic pivot to value, high-margin hydrocarbon production, and disciplined capital allocation. Click for more on BP stock.

BP's safety and operational reliability have markedly improved since 2019, with process safety events dropping to 27 in 2025.

BP is considering selling a minority stake in its offshore wind business, the latest effort by chief executive Murray Auchincloss to reduce the company's focus on renewables. The UK supermajor is ...

BP plc BP reported fourth-quarter 2025 adjusted earnings of 60 cents per American Depositary Share on a replacement-cost ...