WASHINGTON (CN) - Fifty-seven senators sent BP a letter Monday urging the company to set up a $20 billion escrow fund to pay for damages and cleanup efforts surrounding the massive Gulf oil spill. "[W ...

BP Plc. said Wednesday it will create a $20 billion fund over the next three years to satisfy “legitimate claims” for damages caused by the Deepwater Horizon oil sill. The payments will be broken out ...

BP plc BP recently signed a memorandum of understanding with Zhejiang Petroleum and Chemical Corporation of China to build an acetic acid plant. The companies are expected to create an equally-owned ...

This ought to make up some for President Obama's lackluster speech. In a development from Obama's big White House meeting with BP CEO Tony Hayward and other officials, BP has agreed to create a $20 ...

Oil company giant Shell’s rumored takeover of BP would create a company with more than $120.4 billion in global retirement plan assets. Shell is working with advisers to evaluate a potential ...

NEW YORK (AP) -- BP plans to create a separate, more competitive business to manage its onshore oil and gas assets, including its shale operations, in the 48 contiguous U.S. states. BP PLC, which will ...