Mr. Looney, a longtime BP employee who was named chief executive in 2020, agreed to step down immediately, the board said.

The move is a boost for Britain’s car industry, but uncertainty remains about the sector’s future in the country.

In a potentially troubling sign for the industry, wind farm developers declined to bid. They say rising costs make the terms offered by the government...

The move reflected renewed efforts by the two major exporters to bolster the price of crude.

Supply chain problems and high interest rates are hurting U.S. projects, the Danish company said.

The energy company offset a slide in profit by raising its dividend by 10 percent.

With a general election expected next year, the government said it would issue new licenses for energy exploration in the North Sea.

After a record-breaking profit last year, Shell’s quarterly earnings fell 56 percent. But the energy provider will increase dividend payments.

Chevron finds itself with an abundance of natural gas on Europe’s doorstep. Amid competing regional interests, the question is how to develop it.

The factory, made possible by government subsidies, could produce nearly half of the electric-car batteries needed in Britain by 2030.