BP

British energy giant BP reported Tuesday a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion.

The UK's Royal Opera House announced on Jan. 25 that it had ended its 33-year sponsorship deal with energy giant BP following pressure and protests from environmentalists.

British energy giant Shell yesterday said its net profit jumped 26 percent in the first quarter as soaring oil prices offset a sizeable charge linked to its Russia exit.

Profit after tax leapt to $7.1 billion (6.7 billion euros) compared with a year earlier, Shell said in a statement.

British energy giant BP announced on Feb. 27 that it was pulling its 19.75-percent stake in Rosneft following Russia's invasion of Ukraine.

London-based BP has held a 19.75 percent stake in Rosneft since 2013. That stake was valued at $14 billion at the time of the announcement.

British oil giants Shell and BP, U.S, firm ExxonMobil and France's TotalEnergies announced last week 2021 profits totalling a whopping $66.7 billion.

It marked a huge turnaround from 2020, when they posted losses as the pandemic emerged, prompting lockdowns that brought the world economy to a grinding halt and caused crude prices to collapse.

Britain said on July 11 that Iranian military vessels tried to "impede the passage" of a UK oil tanker but were warned off by a British warship in a dramatic escalation of tensions with Tehran in the Gulf.

British petroleum giant BP has started operating a $28-billion pipeline in Azerbaijan to supply gas to Turkey and elsewhere in Europe, the company said July 2.    

Friends of the Earth plans to file a lawsuit against Royal Dutch Shell, accusing the oil company of failing to act on climate change, the environmental activist group said on May 29.

TEXAS CITY, TX (WCMH) -- First responders are investigating after a massive fire and explosion were reported at a Valero refinery in Texas City, Texas, according to KPRC.

Investigators are on scene and are working to learn more.

Valero released the following statement.

The Oil company TransCanada announced on Nov. 16 that it has shut down the Keystone pipeline in South Dakota because it discovered 210,000 gallons of oil has spilled from the pipeline.