BP is selling its 50% interest in the Sunrise oil sands project in Canada to Cenovus Energy. For its share BP will receive C$600 million, as well as 35% in the Bay du Nord project for oil production offshore Newfoundland and Labrador. The deal is scheduled to close later in 2022.

The BP Plc Board of Directors announced a quarterly dividend of $0.546 per share. The last day to buy securities to receive the dividend is May 11, 2022. The annual dividend yield may reach 5.38%.

BP will invest up to £18 billion in the energy system of Great Britain by the end of 2030. The investments will be directed to the development of oil and gas production in the North Sea, construction of offshore wind farms and creation of two hydrogen production plants. In addition, BP is going to triple its network of charging stations for electric cars in...

BP's IFRS loss for 3 months of 2022 was $20.07 billion, compared to a profit of $4.9 billion in the previous year. Revenues increased by 40.4% to $51.22 billion from $36.492 billion a year earlier.