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Is Britain back? Five things to watch for the U.K. in 2026
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch A new year brings with it optimism for the coming 12 months The main hope for the U.K. must be that 2026 proves to be better — for the economy, households and individual businesses — than 2025. People visit a lookout point in Greenwich Park, with the Canary Wharf financial…
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Trump administration sends a clear message to the oil and gas industry: 'You're the customer'
HOUSTON — The officials leading President Donald Trump’s energy agenda made clear to oil, gas and mining executives this week that they have an ally in Washington who intends to make it as easy as possible for them to drill in federal lands and waters. Interior Secretary Doug Burgum told executives gathered for the world’s largest energy conference that the Trump administration does not view…
Former BP exec's ex-husband gets prison for insider trading after eavesdropping on her calls
Sam Edwards | Getty Images The ex-husband of a former BP mergers and acquisitions manager was sentenced to two years in federal prison for insider trading that netted him $1.76 million after he eavesdropped on her work calls about the oil giant buying another company. The ex, Tyler Loudon, also was sentenced to one year of supervised release after his prison term and fined $10,000 by U.S.…
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BP misses expectations as profits slip on weaker oil and gas prices
A BP gas station in Madrid, Spain. Sopa Images | Lightrocket | Getty Images BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a “significantly weaker” margin in fuels and lower gas and oil prices. The British energy giant logged underlying replacement cost profit, used as a proxy for net profit, of $2.7 billion. That was down from $3…
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Oil giant Shell beats first-quarter profit estimates despite weaker gas prices
The Shell logo is displayed outside a petrol station in Radstock on February 17, 2024 in Somerset, England. Matt Cardy | Getty Images News | Getty Images British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, despite a sharp downturn in natural gas prices in Europe. Shell reported adjusted earnings of $7.7 billion for the first three months of the year, beating…
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From Bill Gates to the pope, talk of carbon capture and its efficacy is dividing society
This image from 2016 shows a carbon capture project in Texas. Houston Chronicle/hearst Newspapers Via Getty Images | Hearst Newspapers | Getty Images The U.N. Climate Change Conference (COP28) is fast approaching, and businesses, politicians and environmental organizations are weighing up how best to slash emissions and tackle climate change both now and in the future.  From wind turbines and…
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