BP

Announces further $2.75 bn in share buybacks; annual profit more than doubles to a record $28 bn

The firm more than doubled its third-quarter profit from a year earlier to $8.15 billion and expanded its share buybacks by $2.5 billion

"As part of this partnership, Nexus malls will be installed with 24x7 charging infrastructure for two and four-wheeler EVs," Jio-bp said in a statement.

Volkswagen also has European charging cooperations with Italy's Enel and Spain's Iberdrola, with Diess saying there would soon be an update on the latter alliance

Exxon holds a 30% stake, alongside Rosneft, Japan's SODECO and India's ONGC Videsh, in Sakhalin Island oil and gas fields in Russia's Far East

Companies with Russian assets under pressure; some Russian banks shut out from SWIFT; EU, Canada, Britain shut airspace to Russia

BP is the biggest foreign investor in Russia, and its dramatic exit puts the spotlight on other Western companies with operations in the country amid an escalating crisis between the West and Moscow

BP reports $12.8 billion profit in 2021; BP expands greenhouse gas emission reduction plans

So far, bp ventures only has one Indian investment - it put $13 million into EV ride-hailing firm BluSmart in September - and the country makes up about 2% of its $800 million portfolio

Company posts $3.3 billion third-quarter profit, beating estimates as oil prices surge

BluSmart will use the capital to expand its fleet of electric vehicles (EVs) and charging stations from its home city of Delhi to five additional Indian cities in the next two years

BP Ventures has made its first direct investment in India by pumping in USD 13 million in integrated EV ride-hailing and charging company BluSmart. It led a USD 25 million Series A round that also saw support from Mayfield India Fund, 9Unicorns and Survam Partners, alongside other existing investors, the firm said in a statement. "BluSmart will use the capital to expand its fleet of electric vehicles and charging stations from its home city of Delhi to five additional Indian cities in the next two years," it said. The statement, however, did not say the funding will translate into how much equity holding in BluSmart. Sophia Nadur, managing partner at BP Ventures, will join BluSmart's board. To date, BP Ventures has invested almost USD 800 million in more than 60 companies across seven geographies. BP Ventures was set up more than 10 years ago to identify and invest in private, high growth, game-changing technology companies, accelerating innovation across the entire energy ...

BluSmart, through its all electric fleet, provides zero-surge and zero-tailpipe emission ride-hailing service in the Delhi NCR

The second of the three deep-water gas developments, planned jointly, was expected to start production in mid-2021

The government on Wednesday left the price of natural gas produced by companies such as ONGC unchanged at a decade-low rate of USD 1.79

For the last quarter of 2020, BP reported a profit of $115 million, falling short of analysts' forecasts due to weak oil and gas sales and subdued trading, it said on Tuesday

Reliance and its partner UK's BP invited companies to bid for incremental gas it plans to produce from the second-wave discoveries in the KG-D6 block

The two companies are developing three deepwater gas projects in block KG D6, which together are expected to meet 15 per cent of India's gas demand by 2023

Unlike Air India, the winning bidder for BPCL can easily bank on this revenue churner to recover the cost of acquisition

Compared with a forecast of a loss of $120 million in a company-provided survey of analysts