Oil giant denies decision is result of repeated protests by environmental campaigners
The pay package for BP chief executive Bob Dudley jumped by $3.2m (£2.1m) last year, despite profits plunging at the oil giant and thousands more staff facing the axe.
BP suffered an annual loss of $5.2bn last year compared to the $8.1bn profit the oil major made in 2014, forcing the firm to slash thousands of jobs
Shell said it will push ahead with plans to acquire its smaller rival BG for $52 billion
In 1986, the oil price crashed from a peak of $35 a barrel to below $10
Redundancies come as analysts say crude could bottom out at just $10 a barrel
Parliamentary Business: Sir Nicholas Macpherson should be blocked from appointment at any bank, given the reforms that he helped to oversee
BP has said it will scale back capital spending for the year by about $7 billion
This assumption also means the relative price of oil will not necessarily increase over time
BP in $20bn settlement over oil spill; Trans-Pacific Partnership trade treaty signed off; Microsoft is planning a raft of announcements today
The Department of Justice approved the deal on Monday and said it was an 'historic settlement'
The British oil major will drill around 300 wells over 15 years to produce about a third of Oman’s total daily domestic gas supply
BP has won a key court victory in the US that will limit the amount of compensation the oil giant will have to pay following the Gulf of Mexico oil spill in 2010.
The ‘low hanging fruit’ of government assets considered worthwhile privatisation candidates were sold long ago
Second phase of trial opens with claims of negligence and lack of preparation