BP plc News

LONDON-- --Dresser Wayne , a global innovator of retail fuel dispensers and technologies, and BP, PLC , one of the world's largest energy companies, have - STAMFORD, Conn.-- --A group of investors, led by Ben Carpenter, Ron Kripalani, and Jay Levine, recently purchased a controlling interest in CRT Capital Group.

Should oil giants run convenience stores? Some say no. Exxon Mobil Corp. and ConocoPhillips Co.

Filed under: Wal-Mart , Exxon Mobil , Toyota Motor Corp. , Chevron Corp , ConocoPhillips , BP p.l.c. ADS , Oil Who said big oil was a dying business? Fortune has released its Global 500, their "annual ranking of the world's largest corporations," and topping the charts is Royal Dutch Shell , which, much like a Mariah Carey song, bumped up into the ...

The agreement names Dresser Wayne as the primary supplier of fuel dispensers to BPa s retail fuel locations in Europe and North America.

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BP, as operator on behalf of the Tangguh project partners, announced that the first cargo of liquefied natural gas has today been lifted from the Tangguh LNG project in Papua Barat, Indonesia.

BP is continuing with the deflowering of its green machine. The company, which once purported to be the greenest of the major oil companies, has shut down its alternative energy headquarters in London, and the head of that unit has resigned, according to the Guardian newspaper.

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Strategics in the oil sector feeling an economic upturn is in sight have been running to the deal table as valuations are still a bit depressed.

Sutherland's departure was expected last year but was delayed by the decision not to proceed with the appointment of the initial favourite.

We may at last have a chance of winning Wimbledon but it is a bit of a blow to the national self-esteem that we can't find a Brit to chair BP.

Since 2002, David and Tom Gardner have returned 31.61% while the S&P 500 returned -9.67%. Try Stock Advisor free for 30 days.

Oil major BP Group PLC surprised the industry by revealing Thursday it has selected current L.M. Ericsson chief executive Carl-Henric Svanberg as its new chairman, ending a two-year hunt to fill the position.

When Peter Sutherland became chairman at BP 12 years ago, it was still what was sometimes described as a a oetwo pipeline companya , heavily dependent on its fields in the North Sea and Alaska.

Peter Sutherland failed in his aim to keep a low profile as chairman of BP, a role he relinquishes at the end of 2009, but in arousing media interest he won plaudits for taking on a powerful chief executive.

'I'm on a steep learning curve,' says Carl-Henric Svanberg . Fresh off the flight from Sweden on Thursday morning, the newly appointed chairman of BP was understandably reluctant to discuss a company and an industry he knows only sketchily.

BP has finally appointed a new chairman, surprising the City by announcing yesterday that it had poached Carl-Henric Svanberg, chief executive of Ericsson , to replace Peter Sutherland when he steps down in December.

In an Oct. 23, 2007 file photo Ericsson's Chief Executive Carl-Henric Svanberg and Chief Financial Officer Hans Vestberg present the 3rd quarter results during a press conference at the companys headquarters in Kista, north of Stockholm, Sweden, L.M. Ericsson on Thursday, June 26, 2009 said its financial chief Hans Vestberg will take over as chief ...

Oil giant BP plc has appointed Carl-Henric Svanberg, currently the chief executive officer of Swedish telecommunications company Ericsson , to replace Peter Sutherland as chairman.

Ericsson's Board of Directors has appointed Hans Vestberg President and CEO of Ericsson as of January 1, 2010.