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BP Weighs North Sea Exit Under New CEO

BP Weighs North Sea Exit Under New CEO Authored by Michael Kern via OilPrice.com, BP has started to simplify its portfolio and cut costs, and will make fewer but better choices in which projects to invest, chief executive Meg O’Neill said on Thursday. “We are taking concrete action to grow long-term value for shareholders: simplifying our portfolio, reducing costs, maintaining tight discipline on capex and strengthening the balance sheet,” O’Neill, the first female CEO of a Big Oil company, wrote in a LinkedIn post to reflect on the first 100 days as top executive...
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Sep 2, 2026 / Tyler Durden
Russia Accused Of Helping Iran Develop Carrier-Killing Supersonic Cruise Missiles
Russia Accused Of Helping Iran Develop Carrier-Killing Supersonic Cruise Missiles Yet another major allegation against Russia has emerged this week in the pages of the London-based Financial Times, which says that Moscow has been helping Iran develop supersonic cruise missiles, in a clandestine program that has been ongoing throughout the war with the US and Israel. Early in the conflict, it was widely reported that advanced and ultra-fast weapons were used against Israel, which might help explain why the small Mediterranean country suffered so much damage. The FT cited as part of its...
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May 6, 2026 / Tyler Durden
Deja Vu All Over Again: Futures Surge, Oil Tumbles On Iran Deal Optimism, Tech Rally
Deja Vu All Over Again: Futures Surge, Oil Tumbles On Iran Deal Optimism, Tech Rally US equity futures are up big this morning and making fresh all time highs, led by tech companies, while oil prices and bond yields fell sharply on optimism that the US and Iran are nearing a peace deal. As of 8:00am Nasdaq 100 futures jumped 1.7% while those for the S&P 500 gained 1%, with both gauges set to build on record highs. Iran is evaluating a new proposal from the US to end their near 10-week war, according to an Axios...
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Jul 14, 2026 / Tyler Durden
Billionaire Ken Griffin Has Spent $40 Million To Keep The Senate Red, But Snubs Trump's Favorite Texan
Billionaire Ken Griffin Has Spent $40 Million To Keep The Senate Red, But Snubs Trump's Favorite Texan Ken Griffin has put roughly $40 million into Republican midterm efforts this year and could double that by November, according to the Wall Street Journal. The money runs through nearly every competitive Senate race in the country - except for one... Ken Paxton's run for a seat in Texas, which won't see a dime of it. According to the report, the Citadel founder has no plans to help the Texas Republican nominee - the candidate President Trump...
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