Back to Oil and Gas The company is refocusing on oil and gas operations, moving away from renewable energy projects. Meg O'Neill, former head of Woodside Energy, will become the first woman to lead a major global oil firm in April. She is expected to continue this strategy. Carol Howle, BP’s interim CEO, said O'Neill’s leadership will help make BP simpler, stronger, and more valuable. Ramped-Up Cost-Cutting BP now aims to save $5.5 billion–$6.5 billion by the end of 2027, up from the previous target of $5 billion. The company also sold a 65% stake in its Castrol business. Analysts praised BP’s decisive steps, including halting the buyback, selling non-core assets, and increasing structural cost savings. BP currently carries $22 billion in debt. Its fourth-quarter profits fell 30% to $1.54 billion, as Brent crude fell below $60 per barrel for the first time in over four years. Shareholders Question Strategy BP’s profits have now declined three years in a row, after peaking at $27.7 billion in 2022. Rival Shell also reported a 22% drop in annual earnings. Some shareholders are questioning BP’s renewed focus on oil and gas. Pension funds filed a resolution for the April AGM, asking whether upstream investments—exploration and extraction—will deliver the best returns. Critics note that upstream operations caused 75% of disposal losses and impairments since 2020. Leadership Challenges Previous CEO Murray Auchincloss stepped down after less than two years, replacing Bernard Looney, who was dismissed in 2023 over undisclosed workplace relationships. Cornelia Meyer, former BP executive, praised O'Neill’s record. “She’s an oil woman, not a renewables woman,” Meyer said. “If anyone can revive BP’s fortunes, she probably can.”
Business

BP Boosts Cost-Cutting Efforts as Profits Fall

Back to Oil and GasThe company is refocusing on oil and gas…

Netflix vs Paramount: The Battle to Acquire Warner Bros
Business

Netflix vs Paramount: The Battle to Acquire Warner Bros

Netflix and Paramount Clash Over Warner Bros Hollywood is witnessing a high-stakes…

New Surveillance Footage Released The FBI has shared images of a masked individual in connection with the disappearance of news anchor Savannah Guthrie’s mother, Nancy Guthrie. Authorities say the person was armed and may have tampered with Nancy’s home security camera. FBI Director Kash Patel said investigators recently recovered footage that had been inaccessible due to damaged or removed recording devices. The videos show the suspect approaching the front door, checking the camera, and covering it with vegetation. Family Urges Public Help Savannah Guthrie shared the footage on Instagram, appealing to anyone who might recognize the suspect. “We believe she is still out there,” Savannah said. “Bring her home.” This marks the first significant development in the case, which has drawn national attention since Nancy, 84, went missing from her Tucson, Arizona, home on January 31. Timeline and Evidence Authorities found that the home’s doorbell camera was disconnected at 1:47 a.m., with motion detected at 2:12 a.m. Around 2:28 a.m., Nancy’s pacemaker app lost connection. Blood found on her porch tested positive as hers. The FBI has also offered a $50,000 reward for information leading to her safe return. Ransom Notes and Investigations Officials are taking a recent ransom email seriously, which included a Monday deadline. Previous ransom demands were in Bitcoin, and one hoax note led to an arrest last week. Nancy’s family has said they are willing to pay for her safe return. White House Press Secretary Karoline Leavitt confirmed that President Donald Trump has reviewed the footage and urged anyone with information to contact authorities. Public Response The case has prompted widespread concern and social media appeals. Savannah continues to share updates, asking the public for help in identifying the suspect and ensuring her mother’s safety.
Business

FBI Releases Images of Masked Suspect in Hunt for Savannah Guthrie’s Mother

New Surveillance Footage Released The FBI has shared images of a masked…

US consumer spending stalled in December, reflecting cautious consumer behavior amid inflation and slower wage growth.
Business

US Consumer Spending Slows in December, Raising Economic Concerns

US Retail Sales Flat During December Holidays Retail sales in the US…

49ers’ Keion White Undergoes Surgery After Ankle Shooting
Sports

49ers’ Keion White Undergoes Surgery After Ankle Shooting

San Francisco 49ers defensive lineman Keion White underwent surgery after being shot…

Clare Connor Announces Exit from ECB Clare Connor, managing director of England women’s cricket, will leave the England and Wales Cricket Board (ECB) following this summer's home Women's T20 World Cup. Connor also serves as the ECB’s deputy chief executive and has spent 18 years shaping English cricket. From Star Player to Influential Administrator Before joining the ECB, Connor had a stellar playing career. She earned 111 caps over ten years and captained England to a historic Ashes win in 2005, ending a 42-year drought against Australia. Alongside cricket, she worked as a teacher. Connor became the first female president of the Marylebone Cricket Club in 2021-22. She also made history by joining the International Cricket Council’s cricket committee and continues to chair its women’s cricket committee. Between 2022 and 2023, she served as ECB interim chief executive. Transforming Women’s Cricket During her tenure, Connor helped move English women’s cricket from amateur status to the professional era. She oversaw multiple reforms in the domestic structure and worked to make the sport more accessible and inclusive for girls and women. Connor said, “Helping to grow women's cricket for the past 18 years has been an absolute privilege. My goal has always been to make cricket as normal for a girl as it is for a boy. Knowing that the sport is now more inclusive and gender-balanced is deeply rewarding.” Departure After the World Cup Connor’s decision to leave is personal. Her exit will come after the Women’s T20 World Cup concludes with the final at Lord's on July 5. Her legacy includes not only her playing achievements but also her lasting impact on women’s cricket administration.
Sports

Clare Connor to Step Down from ECB Role After Women’s T20 World Cup

Clare Connor Announces Exit from ECB Clare Connor, managing director of England…

Itoje Back in Starting XV England captain Maro Itoje is back in the starting lineup for Saturday’s Six Nations clash against Scotland in Edinburgh. Itoje, who came off the bench in England’s 48-7 win over Wales, will start in the second row. Luke Cowan-Dickie starts at hooker, while Jamie George, who captained England in Itoje’s absence, is among the replacements. Fly-half Fin Smith also joins the bench, replacing Marcus Smith. England Aim to Retain the Calcutta Cup After four consecutive losses to Scotland between 2021 and 2024, England reclaimed the Calcutta Cup with a narrow 16-15 victory in London last year. Head coach Steve Borthwick praised Scotland’s strength and talent, highlighting their dangerous backline, including Finn Russell, Sione Tuipulotu, Huw Jones, Darcy Graham, Blair Kinghorn, and Duhan van der Merwe. Borthwick said, “Scotland are a top-quality side. If they bring their phase game, our defence has to be perfect.” Team Changes and Key Players Up until last weekend, Itoje had started every England Six Nations game since 2020. He missed the start of training camp in Girona to attend his mother’s funeral in Nigeria and played as a second-half substitute against Wales. He will partner fellow Lion Ollie Chessum at lock, with Alex Coles on the bench. England’s backline remains unchanged. Henry Arundell keeps his place on the left wing after a first-half hat-trick against Wales. Fraser Dingwall and Tommy Freeman continue in midfield despite Ollie Lawrence being available. Tom Roebuck starts on the right wing after scoring on his return, with Freddie Steward at full-back and George Ford and Alex Mitchell as the half-back pairing. England Team vs Scotland: Steward; Roebuck, Freeman, Dingwall, Arundell; Ford, Mitchell; Genge, Cowan-Dickie, Heyes, Chessum, Itoje, Pepper, Underhill, Earl. Replacements: George, Rodd, Davison, Coles, Pollock, T Curry, Spencer, F Smith England Focused on Murrayfield Despite a 12-match winning streak, England aim to break a six-year drought at Murrayfield. Number eight Ben Earl emphasized the team’s focus on reversing past failures rather than looking ahead to Paris. Earl said, “No one is talking about Paris in our camp. We have got to right some wrongs.” Freddie Steward’s Comeback Full-back Freddie Steward relishes the trip to Scotland after being dropped in 2024 in favour of George Furbank. He admitted the experience taught him resilience and maturity. With Furbank facing injuries, Steward has reclaimed the No 15 shirt, having previously appeared in 28 consecutive Tests and featuring in summer and autumn tours.
Sports

Maro Itoje Returns as England Prepare for Six Nations Clash Against Scotland

Itoje Back in Starting XV England captain Maro Itoje is back in…

Mouat and Dodds Miss Out on Olympic Mixed Doubles Bronze as GB Waits for Medal
Sports

Mouat and Dodds Miss Out on Olympic Mixed Doubles Bronze as GB Waits for Medal

Heartbreak for GB in Mixed Doubles Bruce Mouat and Jen Dodds faced…

Mateta Injury Not as Serious as Feared
Sports

Mateta Knee Injury Not Serious, AC Milan Move Collapsed

Crystal Palace striker Jean-Philippe Mateta’s knee injury is less severe than initially…

Has Gyokeres finally found form or are stats misleading
Sports

Viktor Gyokeres Finding Form at Arsenal – Is He the Real Deal?

Viktor Gyokeres seems to be finding his feet in north London as…

Register Lost your password?