JERA Nex BP halts development of US Beacon wind project as costs soar
- JERA Nex BP, a joint venture between Japan's top power generator JERA and BP , plans to halt development of the U.S. Beacon offshore wind power project and lay off its U.S. employees in the coming months, the company said in a statement.
- 10/22/2025
|
BP Confirms Significant Hydrocarbon Discovery in the Orange Basin
- BP's Volans-1X well in Namibia's Orange Basin uncovers rich gas condensate with high commercial potential and strong reservoir quality.
- 10/21/2025
|
BP (BP) Suffers a Larger Drop Than the General Market: Key Insights
- BP (BP) reached $33.11 at the closing of the latest trading day, reflecting a -1.75% change compared to its last close.
- 10/14/2025
|
Oil Trading Below $60? Grab 5 Energy Giants With Huge Dividends Now
- Oil prices fell below $60 per barrel recently due to a combination of oversupply and weak demand.
- 10/14/2025
|
BP to Sell Stake in UK North Sea Licenses to Serica Energy for $232M
- BP is set to divest its North Sea assets, selling stakes in key licenses to Serica Energy for $232 million, potentially boosting Serica's production profile.
- 10/14/2025
|
BP guidance 'vague' as concerns around debt suggest more share buyback cuts
- BP PLC's (LSE:BP.) updated guidance ahead of its third-quarter results was not entirely clear but debt continues to be a "large concern", said analysts, and suggests share buybacks may need to be cut back.
- 10/14/2025
|
BP enjoys stronger upstream performance but oil trading was weaker
- BP PLC (LSE:BP.) expects stronger upstream and refining performance in the third quarter of 2025, though oil trading results are likely to be weak.
- 10/14/2025
|
BP Expects Boost from Higher Production, Refining Margins
- Third-quarter upstream production is expected to rise from the previous quarter. The company also anticipates a boost of up to $400 million from higher refining margins.
- 10/14/2025
|
BP guides for higher third-quarter upstream output, weaker oil trading
- BP expects its upstream production to be above last quarter's, the company said in a trading update on Tuesday ahead of results due on November 4, adding that its oil trading result was weak.
- 10/14/2025
|
BP Triumphs Over Venture Global in LNG Supply Arbitration Case
- BP secures an arbitration victory over Venture Global in a $1B LNG supply dispute linked to the Calcasieu Pass facility.
- 10/13/2025
|
Serica share surge as it agrees deal to buy 'world class' asset from BP
- Serica Energy PLC (AIM:SQZ) said it has agreed to acquire BP's entire interest in two UK North Sea licences, including a 32% stake in the Culzean condensate field, under a proposed $232 million transaction. The deal also includes BP's interest in the P2544 exploration licence adjacent to Culzean, and remains subject to the waiver of pre-emption rights by joint venture partners.
- 10/13/2025
|
BP Ramps Up Oil & Gas Focus With the North Sea Murlach Field Startup
- BP boosts its oil and gas output with the Murlach field startup, marking its sixth major upstream project of 2025.
- 10/10/2025
|
Unexpected success for BP could burnish the investment narrative
- BP PLC (LSE:BP.) has scored an unexpected legal victory that adds fresh momentum to its turnaround story.
- 10/10/2025
|
Venture Global Stock Tumbles Almost 20%. It Just Lost This Bust Up With BP.
- The British oil major is seeking damages of more than $1 billion, as well as interest, costs and attorneys' fees.
- 10/10/2025
|
Venture Global shares slide after BP wins arbitration case over LNG cargoes
- Venture Global shares slumped 17% in premarket trading on Friday after BP won its arbitration case against the U.S. supplier over its failure to deliver liquefied natural gas under a long-term supply deal that was due to start in late 2022.
- 10/10/2025
|
BP wins arbitration case against Venture Global over LNG cargoes
- BP has won its arbitration case against Venture Global over the U.S. supplier's failure to deliver liquefied natural gas under a long-term contract that was due to start in late 2022, Venture Global said on Thursday.
- 10/09/2025
|
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 10/09/2025
|
BP (BP) Stock Declines While Market Improves: Some Information for Investors
- BP (BP) closed at $34.52 in the latest trading session, marking a -1.29% move from the prior day.
- 10/08/2025
|
BP (BP) Stock Declines While Market Improves: Some Information for Investors
- BP (BP) closed the most recent trading day at $33.86, moving 1.74% from the previous trading session.
- 10/02/2025
|
BP to seek partner for Brazil Bumerangue block
- BP will seek a partner to evaluate its discovery at Brazil's Bumerangue block, and it could potentially reach a deal before it makes a decision on investing in the project, the oil major's Brazil chief Andres Guevara de la Vega said on Thursday.
- 10/02/2025
|
New BP Chair urges asset sales, faster execution of strategy shift, internal memo shows
- New BP Chair Albert Manifold told BP employees on Tuesday that the group needed to move faster executing its strategy of shifting focus from renewables to oil and gas and consider more asset sales, an internal memo seen by Reuters showed.
- 10/01/2025
|
Markets Keep at All-Time Highs - Lots of Data Expected This Week
- Pending Homes Sales were better than expected, and cannabis stocks got a boost. But there is a lot of grist for the mill coming out in the coming days.
- 09/29/2025
|
BP and TotalEnergies boost US energy investments
- BP PLC (LSE:BP.) and TotalEnergies SE (NYSE:TOT, EPA:TTE) announced on Monday that both companies will be strengthening their commitments to the US, with BP approving a $5 billion offshore oil field and TotalEnergies buying into an onshore gas field, Reuters reported on Monday.
- 09/29/2025
|
WRAPUP BP and Total deepen commitments to US with major projects
- European oil and gas majors BP and TotalEnergies on Monday deepened their commitments to the United States, with BP approving a $5 billion offshore oil field and TotalEnergies buying into an onshore gas field.
- 09/29/2025
|
BP greenlights $5B Gulf of Mexico offshore drilling project
- BP, a British energy major, announced on Monday its decision to proceed with a $5 billion offshore drilling project in the US Gulf of Mexico. This move highlights the company's dedication to rebuilding its oil and gas business in the American region.
- 09/29/2025
|
BP greenlights $5 billion Tiber-Guadalupe drilling project in US Gulf
- British oil major BP said on Monday it will move ahead with a $5 billion offshore drilling project in the U.S. Gulf of Mexico called Tiber-Guadalupe, marking another step in the company's strategy shift to refocus on its core oil and gas business.
- 09/29/2025
|
Why BP (BP) Outpaced the Stock Market Today
- In the most recent trading session, BP (BP) closed at $35.69, indicating a +1.22% shift from the previous trading day.
- 09/26/2025
|
Oil giant BP quietly steps out of the takeover spotlight
- Takeover speculation regarding British oil and gas giant BP appears to have dried up, with shares of the company up more than 32% since early April. BP's strategic reset and a leadership shake-up have been touted as among the key drivers of improving investor sentiment.
- 09/25/2025
|
BP p.l.c. - Special Call
- BP p.l.c. - Special Call Company Participants Spencer Dale - Group Chief Economist Gareth Ramsay Aisha Dhaliwal Presentation Spencer Dale Group Chief Economist Welcome, everyone. I'm Spencer Dale, BP's Chief Economist.
- 09/25/2025
|
BP rolls back oil demand peak by five years
- Oil's twilight may be further away than expected. BP PLC (LSE:BP.
- 09/25/2025
|
BP postpones oil demand peak prediction to 2030 from 2025
- BP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, stressing slowed efforts to increase energy efficiency.
- 09/25/2025
|
The Frankfurt am Main PKO BP branch connecting the Polish and German markets celebrates its 10th Anniversary
- Germany-Poland trade volume rose EUR 4.6billion in H12025 to a record EUR 90billion, up 5.4% year-on-year. With the consistently growing investment activity on both sides of the border, PKOBP's Frankfurt am Main branch has supported Polish and German companies for a decade Germany-Poland trade volume rose EUR 4.6billion in H12025 to a record EUR 90billion, up 5.4% year-on-year. With the consistently growing investment activity on both sides of the border, PKOBP's Frankfurt am Main branch has supported Polish and German companies for a decade
- 09/24/2025
|
BP abandons plans to build Rotterdam biofuels plant
- BP has stopped work on its Rotterdam biofuels plant, a company spokesperson said on Monday, marking the latest in a string of abandoned biofuels projects by oil companies such as BP and Shell in the face of weak demand.
- 09/22/2025
|
BP (BP) Stock Drops Despite Market Gains: Important Facts to Note
- BP (BP) concluded the recent trading session at $34.12, signifying a -1.27% move from its prior day's close.
- 09/19/2025
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 09/19/2025
|
What's Next For BP Stock?
- BP plc stock (NYSE: BP) has increased approximately 15% year-to-date, which is slightly better than the S&P 500's 12% rise. Recently, the stock has attracted attention due to a significant oil discovery at the Bumerangue prospect offshore Brazil—its largest in approximately 25 years, estimated at 2–2.5 billion barrels.
- 09/16/2025
|
BP (BP) Outperforms Broader Market: What You Need to Know
- In the closing of the recent trading day, BP (BP) stood at $34.76, denoting a +1.97% move from the preceding trading day.
- 09/10/2025
|
BP Signs Egypt Deal to Drill Five Mediterranean Gas Wells
- BP secures a deal with Egypt to drill five Mediterranean gas wells as the country pushes to revive falling output.
- 09/09/2025
|
Shell and BP lead oilers higher as crude prices rebound on OPEC announcement
- Oil companies, including Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.), were on the rebound on Monday as crude prices bounced back from one-month lows.
- 09/08/2025
|
Medical Affairs Leader Dr. Kirk Shepard Joins BP Logix's Life Sciences Strategic Advisory Board
- SAN DIEGO--(BUSINESS WIRE)-- #MedicalAffairs--As part of its mission to drive innovation in Medical Affairs automation, BP Logix is pleased to announce the appointment of Dr. Kirk Shepard to the company's Life Sciences Strategic Advisory Board. Dr. Shepard is a globally recognized expert in Medical Affairs who brings more than 30 years of deep operational knowledge and thought leadership to the Advisory Board. He currently serves as Chief Medical Officer at PDS Biotech. His prior roles include Chief Medical Offi.
- 08/26/2025
|
BP's refinery in Whiting, Indiana continues to flare days after severe thunderstorm
- BP's 440,000-bpd refinery in Whiting, Indiana, continued to burn materials in the flares after flooding disrupted its operations earlier this week, the company said.
- 08/21/2025
|
BP's Indiana Refinery Restarts After Severe Flooding Disruption
- BP's Whiting refinery restarts after flooding sent its units offline, with Midwest fuel prices expected to feel the strain.
- 08/21/2025
|
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 08/21/2025
|
BP's stock is cheap and leadership has the potential to unlock value, says Melius' James West
- James West, Melius Research managing director, joins 'Power Lunch' to discuss the firm's thoughts on BP, if the company could be sold off soon and much more.
- 08/20/2025
|
BP's Whiting Refinery Hit by Flooding After Severe Midwest Storms
- BP is working to stabilize operations at its Whiting refinery after severe flooding forced shutdowns, sparking concerns over Midwest fuel supplies in the days ahead.
- 08/20/2025
|
50-Bp Fed Cut? Likely High-Yield Winners (And Losers)
- There is a growing probability of aggressive rate cuts by the Fed in the near future. We discuss the implications that this will have on various sectors of high-yield investments. We share the likely winners and losers and discuss how we are investing.
- 08/19/2025
|
BP says Whiting refinery operations affected by flooding
- BP said on Tuesday operations at its 440,000-barrel-per-day refinery in Whiting, Indiana, were affected due to flooding caused by a severe thunderstorm overnight.
- 08/19/2025
|
BP: Income, Growth And Cheap
- BP delivered strong Q2 results, beating earnings and revenue estimates due to strong profitability in its core business. The energy enterprise makes an attractive value proposition, trading at a significant discount to U.S. energy rivals despite solid profitability and capital returns. BP is planning on spending $10B annually on major projects in the upstream segment which could help the company accelerate its earnings growth in the years ahead.
- 08/16/2025
|
Dividend Harvesting Portfolio Week 232: $23,200 Allocated, $2,467.76 In Projected Dividends
- The Dividend Harvesting Portfolio rebounded strongly, with profitability up 8.06% and total dividend income now at 19.77% of invested capital. I remain bullish on the S&P 500 reaching 7,000 this year, driven by strong corporate earnings, AI productivity, and a likely lower rate environment. Recent additions to the portfolio—BMY, SLB, and AGNC—reflect my focus on undervalued, high-yield opportunities poised to benefit from rate cuts.
- 08/14/2025
|
My Dividend Stock Portfolio: New July Dividend Record - 100 Holdings With 12 Buys
- July saw strong market gains, especially in tech, but finding bargains is tough as indices approach all-time highs. I focused July investments on high-yield BDCs like OBDC, MFIC, and BXSL, maintaining a 7.9% yield on cost. Dividend income hit a July record, up 22% year-over-year, with BDCs set to play an even bigger role in the coming months.
- 08/13/2025
|
Poland's PKO BP posts 13% profit rise for second quarter
- Poland's biggest bank PKO BP reported a 13.2% year-on-year rise in its second-quarter profit on Wednesday, driven by a higher net interest income.
- 08/13/2025
|
BP Eyes Petrobras Partnership for Brazil Pre-Salt Bumerangue Development
- BP considers teaming with Petrobras to develop its biggest oil discovery in 25 years despite high CO2 levels raising viability concerns.
- 08/12/2025
|
BP Logix Appoints Dr. Robert Kaper to Strategic Advisory Board to Accelerate Innovation in Life Sciences
- SAN DIEGO--(BUSINESS WIRE)-- #MedicalAffairs--In a move to strengthen its ties to the life sciences industry, BP Logix has appointed Dr. Robert Kaper to its Strategic Advisory Board. Dr. Kaper brings more than 30 years of global leadership experience in Medical Affairs and Pharmacovigilance, most recently serving as Vice President of Global Medical Affairs at Otsuka Pharmaceutical. As a Strategic Advisor, Dr. Kaper will provide guidance to the BP Logix executive team on product innovation, go-to-market strategy,.
- 08/12/2025
|
Poland's BNP Paribas BP beats profit expectations in Q2
- The Polish unit of BNP Paribas reported a second-quarter net profit of 733.8 million zlotys ($200.4 million) on Tuesday, beating a company-provided consensus of 642 million zlotys, mirroring an upbeat release from its French parent in July.
- 08/12/2025
|
US pressure on Russian oil imports sets stage for short-term volatility, but spare capacity offers a safety net
- UBS is flagging the prospect of volatility in the oil market as the United States ramps up pressure on countries still buying Russian crude, but the bank sees any price spikes as likely to be short-lived thanks to spare capacity and a looming surplus. With an 8 August deadline set by President Trump for a Ukraine ceasefire, the US has vowed to penalise buyers of Russian energy, focusing on India and China, and threatening fresh sanctions on shadow fleets that help Russia move oil.
- 08/07/2025
|
BP's new discovery may be worth as much as $20bn, so why isn't the market bothered?
- BP PLC (LSE:BP.) new discovery offshore Brazil could be worth somewhere between $10 billion and $20 billion, that's according to analysts at Citi.
- 08/07/2025
|
4 Energy Giants With Huge Passive Income Dividends Can Survive an Oil Supply Increase
- Most dividend investors seek solid passive income streams from quality dividend stocks.
- 08/06/2025
|
BP-Petrobras partnership on Bumerangue block hinges on CO2 levels, sources say
- A possible partnership between BP and Petrobras to develop the British firm's oil and gas find in Brazil's pre-salt layer would hinge on carbon dioxide levels in the reservoir, three sources at the Brazilian state-run oil firm told Reuters.
- 08/06/2025
|
BP sees ‘meh' rating as City analysts shrug off expectation beating results
- BP PLC (LSE:BP.) will evidently need more than expectation beating results and a giant oil discovery to impress Royal Bank of Canada.
- 08/06/2025
|
BP Is Acting Like An Oil Company Again (Rating Upgrade)
- BP's renewed focus on oil growth, upstream project execution, and cost discipline is winning back investor confidence and driving outperformance vs. peers. Strategic divestments in renewables and downstream, alongside major new oil discoveries, reinforce the company's pivot back to its core oil business. Operational reliability and cost-cutting should help BP deliver its plan of free cash flow growth and debt reduction, maintaining a dividend yield around 6%.
- 08/06/2025
|
BP makes it's largest discovery in more than two decades
- The new resources were found in Brazil. Transcript: BP made largest oil and natural gas discovery in the last 25 years.
- 08/05/2025
|
Will FTSE 100 Energy Giant BP Finally Give Investors Some Joy?
- After a good few years of disappointment languishing in the shadows of Big Oil rivals, executive departures, costly renewables forays, rumors of a takeover and an activist investor on its back, BP (LON: BP) has finally signalled to the market and its investors that a change might be on the horizon, backed up an improved quarterly performance.
- 08/05/2025
|
BP's big Brazil oil and gas find boosts prospects for Equinor, auction
- BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes well for Equinor's nearby interests and strong appetite for an October auction of oil blocks in the region.
- 08/05/2025
|
Trade Deficit Narrowed More Than Expected
- Pre-market futures are in the green across major indexes this morning, but experiencing a bit of choppiness. The Dow and S&P 500 are both up mere single-digits at this hour, off the early-morning highs, while the tech-heavy Nasdaq stays up +70 points presently.
- 08/05/2025
|
BP p.l.c. (BP) Q2 2025 Earnings Call Transcript
- BP p.l.c. (NYSE:BP ) Q2 2025 Earnings Conference Call August 5, 2025 8:00 AM ET Company Participants Craig Marshall - Group Head of Investor Relations Emeka Emembolu - Executive Vice President of Technology Gordon Birrell - Executive Vice President of Production & Operations Katherine Anne Thomson - CFO & Director Murray Auchincloss - CEO & Director Conference Call Participants Biraj Borkhataria - RBC Capital Markets, Research Division Christopher Kuplent - BofA Securities, Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Henry Michael Tarr - Joh. Berenberg, Gossler & Co. KG, Research Division Irene Himona - Sanford C.
- 08/05/2025
|
BP's Q2 Earnings Beat Estimates, Revenues Decline Y/Y
- BP Q2 earnings beat on stronger oil output, but revenues fall year over year amid weaker price realizations.
- 08/05/2025
|
BP's Bumerangue discovery is a big deal and shouldn't be overlooked - analyst
- Investors shouldn't overlook BP PLC (LSE:BP.) Bumerangue discovery in Brazil, not according to analysts at Citi.
- 08/05/2025
|
BP raises prospect of more job losses as AI drives efficiency
- BP has signalled an accelerated effort to bring down costs ahead, refusing to rule out further job losses as artificial intelligence (AI) technology helps drive efficiencies.
- 08/05/2025
|
BP hits four-month high after committing to UK, promising further portfolio review
- BP PLC (LSE:BP.) shares rose over 2% to a four-month high after the company beat quarterly profit expectations, ruled out a listing move to the US and said it plans to go further on reshaping the company.
- 08/05/2025
|
BP surpasses Q2 expectations with $2.35 billion profit amid upstream strength
- BP on Tuesday reported a stronger-than-expected second-quarter profit of $2.35 billion, exceeding analysts' projections and highlighting a return to form amid ongoing global energy price volatility. The figure, based on BP's preferred measure of underlying replacement cost profit, topped the $1.81 billion consensus forecast compiled by LSEG and marked a sharp recovery from the $1.
- 08/05/2025
|
BP launches $750m buyback as profits beat expectation
- BP PLC (LSE:BP.) beat expectations for second-quarter earnings and unveiled a larger-than-expected dividend and a new $750 million share buyback.
- 08/05/2025
|
BP reports $2.53 billion second-quarter profit, beating expectations
- BP on Tuesday posted a second-quarter underlying replacement cost profit, or adjusted net income, of $2.35 billion, beating the average $1.82 billion in a company-provided poll of analysts.
- 08/05/2025
|
Oil major BP posts second-quarter profit beat despite annual drop
- BP's second-quarter earnings come as the oil and gas company continues to try to rebuild investor confidence. The British energy company recently announced its largest oil and gas discovery in 25 years off the coast of Brazil.
- 08/05/2025
|
Stay Ahead of the Game With BP (BP) Q2 Earnings: Wall Street's Insights on Key Metrics
- Beyond analysts' top-and-bottom-line estimates for BP (BP), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2025.
- 08/04/2025
|
Exploring Analyst Estimates for BP (BP) Q2 Earnings, Beyond Revenue and EPS
- Looking beyond Wall Street's top-and-bottom-line estimate forecasts for BP (BP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2025.
- 07/31/2025
|
BP Set to Report Q2 Earnings: Here's What You Need to Know
- BP set to report Q2 earnings on Aug. 5, with forecasts of lower profits but stronger top-line growth.
- 07/31/2025
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 07/31/2025
|
BP (BP) Sees a More Significant Dip Than Broader Market: Some Facts to Know
- In the closing of the recent trading day, BP (BP) stood at $32.25, denoting a -2.15% move from the preceding trading day.
- 07/30/2025
|
BP: You Didn't Miss The Boat, Buy Pre-Earnings
- BP has outperformed the S&P 500, driven by strong operational execution and disciplined cost management in oil and gas operations. Shareholder returns remain robust, with a 6% dividend yield, ongoing buybacks, and plans for annual dividend increases above inflation. Growth is supported by 10 major projects launching by 2027 and global exploration successes, positioning BP for long-term cash flow expansion.
- 07/30/2025
|
BP Stock: $70 Oil Price Can't Last
- I reiterate my buy rating on BP, driven by expectations of higher oil prices and BP's strong correlation to oil price movements. Key catalysts include ongoing U.S. SPR refilling and historically low U.S. crude inventories. The new U.S.-EU energy export deal could further tighten oil supply and support higher Brent oil prices.
- 07/30/2025
|
LNG Shipping Stocks: Japan Leads Charge As UPI Nears Resistance
- The UP World LNG Shipping Index surged 2.98%, outpacing the S&P 500, driven by higher volume and a return above key support. Japanese shipping companies led gains, with "K" Line, MOL, and NYK Line all approaching or testing resistance levels, signaling sector strength. Technical indicators, including moving averages and Bollinger Bands, point to further growth, supported by the EU-US LNG sales agreement.
- 07/29/2025
|
Why BP Stock Should Be On Your List Now?
- BP BP stock has been recovering recently from its April lows, along with other major oil and gas companies. This recovery is related to the improvement in oil prices lately.
- 07/25/2025
|
BP Pulls Out of Australia Hydrogen Project Amid Oil Pivot
- BP exits $36B green hydrogen mega-project in Australia, doubling down on oil amid investor-driven strategic pivot.
- 07/25/2025
|
BP (BP) Stock Drops Despite Market Gains: Important Facts to Note
- BP (BP) concluded the recent trading session at $32.13, signifying a -1.77% move from its prior day's close.
- 07/24/2025
|
BP's Castrol unit gets One Rock Capital Partners' bid, Bloomberg News reports
- One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP's Castrol lubricants business, Bloomberg News reported on Wednesday, citing people familiar with the matter.
- 07/23/2025
|
BP's new chair appointment revives talk of US listing
- BP PLC's (LSE:BP.) announcement on Monday that Albert Manifold will succeed Helge Lund as chair from 1 October has sparked renewed speculation about a possible US listing for the oil major.
- 07/22/2025
|
Why a new chair at BP is stirring speculation of a U.S. listing move
- The rationale is straightforward: U.S. integrated oil companies trade at a premium to their European rivals, and there also are fewer funds in the U.S. with environmental constraints.
- 07/22/2025
|
BP-chartered tanker leaves port of sanctioned-Nayara Energy without loading oil, sources say
- Oil tanker Talara, chartered by energy major BP , has left the Vadinar port of newly-sanctioned Indian refiner Nayara Energy without loading diesel as planned, according to five industry sources and shipping data on LSEG.
- 07/22/2025
|
Expect 100 BP of rate cuts in next year: JPMorgan's Santos
- Gabriela Santos, JPMorgan Asset Management Chief Market Strategist for the Americas, says the day-to-day is being driven by earnings results and AI rather than policy changes; she also believes the Fed will cut rates by as much as 100 basis points over the next 12 months. She speaks with Romaine Bostick on 'Bloomberg: The Close.
- 07/21/2025
|
Elliott urges new BP chair to tackle operational underperformance
- Elliott Investment Management, one of BP's largest shareholders, on Monday called on the energy giant's new chairman Albert Manifold to "urgently address BP's shortcomings".
- 07/21/2025
|
New BP Chairman's Record Shows How to Make Oil Major More Like Exxon, Chevron
- Incoming Chairman Albert Manifold moved his last company's main listing to New York from London.
- 07/21/2025
|
BP chair appointment gets muted reaction, reignites New York listing speculation
- BP PLC (LSE:BP.) shares only slightly outperformed sector rivals on Monday after the oil group named the successor to chair Helge Lund.
- 07/21/2025
|
BP taps Albert Manifold as new chairman amid strategic crossroads
- On Monday, BP announced Albert Manifold, former head of building materials producer CRH, as its new chairman. This appointment comes as the company navigates a significant strategic shift aimed at improving its struggling share performance.
- 07/21/2025
|
BP chairman Helge Lund to be replaced by ex CRH boss Albert Manifold
- BP PLC (LSE:BP.) chairman Helge Lund is stepping down after almost seven years in the role, with former CRH boss Albert Manifold appointed to succeed him.
- 07/21/2025
|
BP names Albert Manifold as new chair
- BP named Albert Manifold as its new chairman on Monday, succeeding Helge Lund.
- 07/21/2025
|
BP Sells U.S. Onshore Wind Assets, Realigns Focus on Oil & Gas
- BP agrees to sell its U.S. wind business to LS Power after a competitive bid, targeting $3-$4 billion in 2025 divestments.
- 07/18/2025
|
BP sells US onshore wind portfolio to LS Power as part of $20bn divestment drive
- BP PLC (LSE:BP.) has agreed to sell its US onshore wind business, bp Wind Energy, to LS Power as part of its strategic plan to simplify and focus its operations.
- 07/18/2025
|
BP sells US onshore wind business to LS Power
- Energy major BP said on Friday it had agreed to sell its U.S. onshore wind business, bp Wind Energy, to U.S.-based electricity transmission systems operator LS Power.
- 07/18/2025
|
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 07/17/2025
|
BP-Eni JV Strikes Gas Offshore Angola, Estimates Over 1 Tcf Gas Find
- BP and E's joint venture, Azule Energy, drills Gajajeira-01 well in Block 1/14 with gas reserves topping 1 Tcf and 100 million barrels of condensate.
- 07/15/2025
|
MP Materials ($MP) | Apple ($APPL) | Brookfield ($BP) | Google ($GOOG) | Fluence ($FLNC)
- Welcome to the Green Stock News brief for Tuesday July 15th. Here are today's top headlines: MP Materials (NYSE: MP) has signed a $500 Million agreement to supply Apple (NASDAQ: AAPL) with rare earth magnets made entirely from recycled materials.
- 07/15/2025
|
BP (BP) Stock Declines While Market Improves: Some Information for Investors
- In the most recent trading session, BP (BP) closed at $32.1, indicating a -1.65% shift from the previous trading day.
- 07/14/2025
|
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
- The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
- 07/14/2025
|
AstraZeneca drug lowers high BP in late-stage study; shares rise
- AstraZeneca 's experimental drug baxdrostat has been successful in lowering high blood pressure in a late-stage study of people whose condition was hard to control or treat, the Anglo-Swedish drugmaker said on Monday, sending shares up 2%.
- 07/14/2025
|
BP's Q2 Results to Be Hit by Low Prices Despite Higher Production
- BP expects Q2 production to top estimates, but lower oil prices may drag results by up to $800M despite stronger refining margins.
- 07/11/2025
|
BP Sees Higher Oil Production, Trading Helping to Offset Lower Energy Prices
- U.S.-listed shares of BP (BP) rose Friday after the energy giant predicted increased oil production and trading revenue in the current quarter, helping to offset lower fuel prices.
- 07/11/2025
|
BP up 2% as fear over prospects recedes to acceptance
- BP PLC (LSE:BP.) shares rose 2% in afternoon trading after the energy group indicated that its second-quarter numbers and outlook were less bleak than many had feared, despite continued underperformance.
- 07/11/2025
|
BP Says Low Oil Prices Are Hurting. Why the Stock Is Rising as Exxon, Chevron Fall.
- There were also bright spots in the statement, which comes ahead of official second-quarter earnings on Aug. 5.
- 07/11/2025
|
BP production increase but prices were lower in second quarter
- BP PLC (LSE:BP.) guided to higher upstream output and stronger refining margins in the second quarter trading update, offset by lower prices received for oil and gas.
- 07/11/2025
|
BP flags lower gas, oil price hit for second quarter
- BP's second-quarter results will be hit by lower prices it received for its gas and oil, it said in a quarterly trading update on Friday, ahead of full results due August 5.
- 07/11/2025
|
BP to Divest Netherlands-Based Retail & EV Businesses to Catom
- BP is set to sell its Dutch retail and EV charging business to Catom, advancing its $20B divestment plan and strategic shift.
- 07/10/2025
|
Japan's Omron sees big market for BP monitors in India, CEO says
- Japan's Omron is planning to boost its presence in the Indian market, its CEO said on Thursday, as a surge in hypertension cases in the country is expected to create a large market for its blood pressure monitoring devices.
- 07/10/2025
|
Dividend Harvesting Portfolio Week 227: $22,700 Allocated, $2,385.24 In Projected Dividends
- The Dividend Harvesting Portfolio hit new all-time highs in value, profitability, and forward income, with a 29.58% return on invested capital. Consistent weekly investing, diversification, and a focus on income-producing assets have driven strong performance, even through volatile markets and macroeconomic headwinds. I see significant opportunities ahead, especially for big tech, REITs, and energy stocks, as the Fed's delayed rate cuts create a favorable environment.
- 07/10/2025
|
5 Ultra-High-Yield Stocks Can Deliver Decades Of Secure Passive Income
- Ultra-high-yield dividend stocks are a favorite among investors for good reason.
- 07/10/2025
|
Oil Majors Shell and BP Resume Energy Projects Across Libya
- SHEL and BP partner with Libya's NOC to explore and develop hydrocarbon potential across three key oilfields, marking a return to the energy-rich nation.
- 07/09/2025
|
BP sells 300 Dutch petrol stations to Catom
- BP has agreed to sell its 300 Dutch petrol stations to Dutch fuel distribution and trading company Catom as part of its plan to divest $20 billion worth of assets by 2027, BP said on Wednesday, without giving a deal value.
- 07/09/2025
|
BP, Shell return to Libya for hydrocarbon exploration at three locations
- Libya's National Oil Corp (NOC) announced on Monday that agreements have been reached with oil majors BP and Shell. These agreements involve conducting studies for hydrocarbon exploration and development across three Libyan oilfields.
- 07/08/2025
|
BP (BP) Registers a Bigger Fall Than the Market: Important Facts to Note
- BP (BP) closed the most recent trading day at $30.25, moving 2.2% from the previous trading session.
- 07/07/2025
|
BP, Shell to study hydrocarbon potential at three Libyan oilfields
- Oil Majors BP and Shell agreed with Libya's National Oil Corp (NOC) to conduct studies for hydrocarbon exploration and development at three Libyan oilfields, NOC said in a statement on Monday.
- 07/07/2025
|
BP's $8 Billion Castrol Sale Draws Bid From Firm Tied to Chairman
- BP's $8 billion Castrol sale draws interest from CD&R, a firm linked to its chairman, adding intrigue to a high-stakes divestiture.
- 07/07/2025
|
Exxon, Chevron, Shell, BP Stocks Fall. OPEC Oil Plans, Gas Trading Fears Are Biting.
- The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of difficulties affecting others.
- 07/07/2025
|
Shell and BP lead fallers on FTSE after Opec unwinds production cut
- Shares in Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) were the main weights dragging on the FTSE 100 on Monday morning, following a guidance downgrade and an Opec meeting over the weekend.
- 07/07/2025
|
BP's Market Gains Outpace Its Industry: What it Means for Investors
- BP's 13.8% stock gain, 6.14% dividend yield and robust free cash flow outlook set it apart from energy sector peers.
- 07/04/2025
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- Recently, Zacks.com users have been paying close attention to BP (BP). This makes it worthwhile to examine what the stock has in store.
- 07/03/2025
|
BP (BP) Advances While Market Declines: Some Information for Investors
- In the most recent trading session, BP (BP) closed at $30.5, indicating a +1.9% shift from the previous trading day.
- 07/01/2025
|
The AI Revolution in Oil & Gas: A New Era of Smart Energy
- BP, Chevron, ExxonMobil and TotalEnergies are harnessing AI to boost efficiency, cut emissions, and drive smarter energy production.
- 06/30/2025
|
How BP became a potential takeover target
- Shell has rejected reports its in talks to buy BP, but speculation continues to mount over potential bids. CEO Murray Auchincloss's strategy reset in February has so far failed to impress investors.
- 06/30/2025
|
Live Nasdaq Composite: Markets Rev Engines for Potential All-Time Highs
- Live Updates Live Coverage Has Ended So Close and Yet so Far 4:09 pm by Gerelyn Terzo The S&P 500 and Nasdaq Composite indices both crossed over into record territory during today’s trading session but they came off those lofty levels by the market closing. The Nasdaq Composite still closed up about 1% to 20,167.91 while the S&P 500 index finished the day 0.80% higher at 6,141.02. Big Tech Downgrade 12:55 pm by Gerelyn Terzo While Tesla stock received a ringing endorsement from Wall Street analysts today, Apple (Nasdaq: AAPL) is seeing the other side of the spectrum. JPMorgan analysts lowered their price target on the iPhone maker to $230 from $240, keeping their “overweight” rating on the stock. The analysts are worried about demand for the iPhone 17. Apple shares are lower by 0.79% today. The Nasdaq Composite is now up 0.70%. Benchmark Bullish on TSLA 11:01 am by Gerelyn Terzo Wall Street research firm Benchmark is bullish on EV leader Tesla (Nasdaq: TSLA). The firm believes TSLA stock has runway for 45% gains as a result of its competitive edge over rival robotaxi company Waymo. Benchmark lifted its price target on Tesla stock by a massive $125 to $450 per share. Tesla stock is up 0.39% today and is down 18.7% year-to-date. Wall Street Calls 10:00 am by Gerelyn Terzo Wall Street analysts are making some calls on the following stocks this morning: KeyBanc has started coverage of networking giant Cisco (Nasdaq: CSCO) with an “overweight” rating, saying the stock has plenty of runway for growth. Baird analysts are bullish on health stock Haemonetics (NYSE: HAE), beginning coverage with an “overweight” rating. UBS has reiterated its “neutral” rating on Apple (Nasdaq: APPL) stock, citing risks surrounding a potential deal with AI giant Perplexity. This article will be updated throughout the day, so check back often for more daily updates. The markets are showing off as stocks come within grasp of their latest all-time high levels. With the strikes between Israel and Iran seemingly behind, the markets have reason for optimism and they are taking it. All three of the major stock market averages are in the green out of the gate, including a 0.40% advance in the tech-laden Nasdaq Composite. The S&P 500 is eyeing its latest all-time high of 2025, which is in the ballpark of 6,147, its early 2025 intraday high level. After Nvidia (Nasdaq: NVDA) clinched a new record high of approximately $156 per share, bullish sentiment has enveloped technology stocks for the most part. On the economic front, the economy slowed at a steeper pace than originally expected in Q1 2025. U.S. GDP declined by 0.5% in Q1 compared to original estimates of a 0.2% contraction. As the data continues to flow in, the Commerce Department downwardly revised results in areas such as consumer spending and exports. Here’s a look at the performance as of morning trading: Dow Jones Industrial Average: Up 121.40 (+0.37%) Nasdaq Composite: Up 87.92 (+0.40%) S&P 500: Up 21.43 (+0.39%) Market Movers AeroVironment (Nasdaq: AVAV) is gaining 9.2% today, extending its rally after posting impressive Q4 results that were powered by robust military drone demand, fueling a 40% increase in revenue. BP (NYSE: BP) is under pressure today amid reports that it is a takeover target involving industry giant Shell, rumors BP rebuffed. Micron Technology (Nasdaq: MU) is down slightly on the heels of its strong Q3 results, including better-than-expected profits and a positive outlook for the current quarter. The post Live Nasdaq Composite: Markets Rev Engines for Potential All-Time Highs appeared first on 24/7 Wall St..
- 06/27/2025
|
Shell-BP speculation: how we got here
- Shell has doubled down, denying rumors it is in early talks to buy rival U.K. energy giant BP, but it's not the first time the company has been the subject of takeover speculation.
- 06/27/2025
|
3 Energy Stocks With Juicy Dividend Yields
- Given escalating tensions in the Middle East and related uncertainty, investors may want to think about adding some exposure to energy stocks. Although the sector hasn't exactly crushed it in recent years, and talks of a ceasefire between Israel and Iran have kept oil prices down (as of June 24), the region is erratic, and there are plenty of scenarios that could lead to higher oil prices.
- 06/27/2025
|
Shell Won't Buy BP, Should You?
- Shell refuted the takeover rumors, yet the speculation emphasizes what investors are beginning to recognize: BP's significant discount and strategic shift might be due for reevaluation.
- 06/26/2025
|
Why Shell's BP bid doesn't stack up
- The numbers do not stack up convincingly for a Shell PLC (LSE:SHEL, NYSE:SHEL) takeover of BP PLC (LSE:BP.), according to JP Morgan.
- 06/26/2025
|
Shell denies BP takeover talks
- Oil giant Shell has denied a report by the Wall Street Journal that it is in early talks to acquire U.K. rival BP.
- 06/26/2025
|
Shell's denial of BP bid talks fails to quiet City speculation
- A denial from Shell PLC (LSE:SHEL, NYSE:SHEL) this morning of last night's Wall Street Journal report that the oil giant was holding "early stage" talks to acquire BP, has not stopped the buzz of speculation in the City of London on Thursday morning. After the UK market close on Wednesday, the Wall Street Journal reported that Shell was holding "early stage" talks to acquire BP, with the discussions described as "active" with BP "considering the approach carefully.
- 06/26/2025
|
Shell says it is not considering buying BP, UK rules ban bid for 6 months
- Shell has not bid for BP and is not actively considering such a move, it said on Thursday, adding it was bound by UK regulations which mean such a statement ban it from making a bid for BP for the next six months.
- 06/26/2025
|
Shell denies that it has held talks with BP
- Shell PLC (LSE:SHEL, NYSE:SHEL) has rebuffed a Wall Street Journal report that it has been in talks about potentially buying fellow oil heavyweight BP PLC (LSE:BP.). After the WSJ reported on Wednesday that "early stage talks" had taken place, the FTSE 100 and New York-listed oil group said it has "not been actively considering making an offer for BP".
- 06/26/2025
|
BP Stock Rises After Report That It's in Merger Talks With Shell
- Shares of BP jumped Wednesday, lifted by a report that Shell was in talks to acquire it in what would mark a huge deal for the pair of U.K. oil giants, before giving back their gains.
- 06/25/2025
|
Paul Sankey: BP shares are so cheap that the breakup story makes sense
- Paul Sankey, Sankey Research, joins 'Power Lunch' to discuss Sankey's take on reports of Shell's potential acquisition of BP.
- 06/25/2025
|
BP Stock Takes Off On Possibility Of Largest Deal Since The Exxon Mobil Merger
- BP stock soared on reports that it is in discussion with Shell for the biggest industry merger in more than two decades.
- 06/25/2025
|
Shell in talks to acquire BP, WSJ reports
- Shell PLC (LSE:SHEL, NYSE:SHEL) is in early-stage talks to acquire its rival BP PLC (LSE:BP.) in what would be the largest oil deal in decades, according to a Wall Street Journal report.
- 06/25/2025
|
Shell says 'no talks are taking place' after WSJ reports BP takeover discussions
- Shell said on Wednesday that "no talks are taking place" after a Wall Street Journal article cited unnamed sources saying Shell was in early discussions to take over rival BP.
- 06/25/2025
|
BP Stock Jumps After Report That It's in Merger Talks With Shell
- Shares of BP jumped Wednesday, lifted by a report that Shell was in talks to acquire it in what would mark a huge deal for the pair of U.K. oil giants.
- 06/25/2025
|
Shell in early talks to buy rival BP to create oil giant – reports
- Reported megamerger between supermajors would create British oil company worth more than £200bn
- 06/25/2025
|
Shell in early talks to acquire BP in deal valued near $80 billion, reports say
- CNBC's Brian Sullivan joins 'Money Movers' to discuss reports of early talks for Shell to acquire BP.
- 06/25/2025
|
Shell in talks to buy rival BP in potential blockbuster oil deal: report
- BP shares surged nearly 7% on the news.
- 06/25/2025
|
BP's stock jumps on Wall Street Journal report of Shell deal talks. Here's how the deal could work.
- BP's stock rallied on Wednesday, and shares of Shell fell, after the Wall Street Journal reported the two companies were holding merger talks.
- 06/25/2025
|
BP shares jump 8% on report it is in early-stage talks to be acquired by Shell
- BP shares jump 8% on report it is in early-stage talks to be acquired by Shell
- 06/25/2025
|
BP shortlists former Centrica chief Laidlaw as potential chair, Sky News reports
- BP is considering Sam Laidlaw, the former chief executive of British Gas owner Centrica , as a leading candidate to succeed Helge Lund as chair, Sky News reported on Saturday.
- 06/21/2025
|
Is BP Stock A Bargain At $30?
- BP plc stock (NYSE: BP) has increased by about 7% year-to-date, slightly surpassing the S&P 500's 2% increase. Currently trading at around $32 per share, the British oil giant appears relatively inexpensive based on valuation metrics – yet the underlying story is much more complex.
- 06/20/2025
|
Dupixent® (dupilumab) Approved in the U.S. as the Only Targeted Medicine to Treat Patients with Bullous Pemphigoid (BP)
- Approval based on pivotal results showing improvements in sustained disease remission and reductions in itch and oral corticosteroid use compared to placebo in adults with BP
- 06/20/2025
|
Dividend Harvesting Portfolio Week 224: $22,400 Allocated, $2,349.12 In Projected Dividends
- Despite a market pullback, my Dividend Harvesting Portfolio delivered positive returns and increased income, showcasing the benefits of diversification and disciplined reinvestment. I added to VICI, NNN, BSTZ, and MSTY, targeting high-yield, stable, and discounted assets poised to benefit from future Fed rate cuts and sector trends. The portfolio's forward dividend income and YoY growth remain strong, with reinvestment and sector allocation driving compounding income and downside risk mitigation.
- 06/19/2025
|
BP and Shell help cut Footsie losses as oil prices supported by Iran fighting
- BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) were helping the FTSE 100 cut losses compared to other European markets on Thursday, as oil prices remained elevated due to exchanges of missiles and threats between Israel and Iran.
- 06/19/2025
|
Israel and Iran Continue to Escalate – Grab 4 Ultra-High-Yield Dividend Oil Giants
- Although OPEC+ has announced plans to increase production by 411,000 barrels per day starting this month, actual increases may be smaller due to overproduction by some members, such as Kazakhstan and Iraq.
- 06/18/2025
|
BP (BP) Advances While Market Declines: Some Information for Investors
- BP (BP) reached $31.58 at the closing of the latest trading day, reflecting a +1.35% change compared to its last close.
- 06/17/2025
|
Dr. Jethro Ekuta Joins BP Logix Life Sciences Strategic Advisory Board
- SAN DIEGO--(BUSINESS WIRE)-- #MedicalAffairs--BP Logix, a leader in AI-enabled medical affairs automation, announces appointment of Dr. Jethro Ekuta to its Life Sciences Strategic Advisory Board.
- 06/16/2025
|
Oil industry consolidation sparks to life with $19bn Santos offer. Is BP next?
- A takeover tilt at Santos Ltd (ASX:STO) by an Abu Dhabi-led group has jolted the oil sector awake, fuelling talk that energy dealmaking is back, and just getting started. Shares in the Aussie energy group ended the session 11% higher it p confirmed it had received the $18.7 billion takeover approach.
- 06/16/2025
|
Where Money Goes as War Breaks Out in the Middle East
- Last night, Israel launched a direct military strike against Iranian nuclear assets. The move comes after days of escalating rhetoric, ominous signals from Washington, and a clear sense that something was coming.
- 06/15/2025
|
Israel Getting Very Serious With Iran – Grab 4 Ultra-High-Yield Dividend Oil Giants Now
- Although OPEC+ has announced plans to increase production by 411,000 barrels per day starting this month, actual increases may be smaller due to overproduction by some members, such as Kazakhstan and Iraq.
- 06/13/2025
|
BP, Shell and gold miners rally as oil and bullion prices surge
- Energy and mining stocks climbed on Friday as escalating conflict between Israel and Iran sent crude oil and gold prices sharply higher. BP PLC (LSE:BP.
- 06/13/2025
|
BP Tech Ecosystem Company Profile 2025: Digital Transformation Strategy
- Explore BP Plc's technological advancements with insights into its digital transformation strategies, innovation initiatives, and tech themes. Learn about new partnerships, product launches, and major ICT contracts globally, enhancing BP's energy and petrochemical operations. Explore BP Plc's technological advancements with insights into its digital transformation strategies, innovation initiatives, and tech themes. Learn about new partnerships, product launches, and major ICT contracts globally, enhancing BP's energy and petrochemical operations.
- 06/13/2025
|
BP Stock: Still A Compelling Investment Proposition
- BP is deeply undervalued versus US peers, with a wide valuation gap that I expect to close over this decade. The company's strategic reset, refocusing on oil and gas, positions it for significant cash flow growth. Cost reduction initiatives and portfolio rationalization should strengthen BP's balance sheet, despite recent challenges and activist pressure.
- 06/12/2025
|
BP takeover speculation heats up as UAE oil giant ADNOC enters the fray for gas assets
- UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP's highly prized assets. A protracted period of underperformance relative to its industry peers has thrust BP into the spotlight as a prime takeover candidate.
- 06/12/2025
|
BP (BP) Increases Despite Market Slip: Here's What You Need to Know
- In the closing of the recent trading day, BP (BP) stood at $30.81, denoting a +1.92% move from the preceding trading day.
- 06/11/2025
|
BP Takeover Appears Unlikely Due to Size and Complexity
- BP's size, asset complexity and limited buyer interest make a near-term takeover highly unlikely, say Moelis bankers.
- 06/10/2025
|
Investors Heavily Search BP p.l.c. (BP): Here is What You Need to Know
- Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 06/05/2025
|
BP Secures Long-Term LNG Deal With India's Torrent Power
- BP signs decade-long LNG deal with Torrent Power to fuel India's gas plants and distribution push.
- 06/05/2025
|
Dividend Harvesting Portfolio Week 222: $22,200 Allocated, $2,268.90 In Projected Dividends
- The Dividend Harvesting Portfolio rebounded strongly, hitting a new record value and delivering a 25% return on invested capital with robust income growth. I continue to focus on diversification, risk mitigation, and recurring income, adding to NNN REIT, BP, and MSTY for their strong yields and income potential. Dividend income is up significantly year-over-year, and I expect to surpass $2,500 in forward annualized income by year-end, revising projections higher.
- 06/05/2025
|
BP & Partners Greenlight $2.9 Billion Shah Deniz Gas Field Expansion
- BP-led consortium commits $2.9 billion to expand Azerbaijan's Shah Deniz field to access low-pressure gas reserves in the field and boost the field's production capacity.
- 06/04/2025
|
BP says it acquires two exploration and development blocks in Caspian Sea
- BP said on Tuesday that it had completed acquisition of stakes in two offshore exploration and development blocks in the Azerbaijan sector of the Caspian Sea.
- 06/03/2025
|
Oil jumps 1.8% as OPEC+ sticks to slow unwind, lifting Shell and BP
- Brent crude rose 1.8% to over $65 a barrel on Monday afternoon after OPEC+ confirmed it would maintain a gradual approach to increasing oil supply. The news also gave a lift to energy stocks, with shares in Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.
- 06/02/2025
|
Azerbaijan, BP sign agreements on solar power plant in Karabakh
- Azerbaijan and BP signed agreements on building a 240 megawatt solar power plant in Karabakh, an Azerbaijani region retaken in 2023 from breakaway ethnic Armenian authorities.
- 06/02/2025
|
Azeri SOCAR to sign agreements with Exxon Mobil, BP soon, three sources tell Reuters
- Azeri state energy company SOCAR will sign new agreements soon for oil and gas exploration in Azerbaijan, including with Exxon Mobil and BP , three sources told Reuters on Monday.
- 06/02/2025
|
BP Taps Noble Rig for Key Role in UK Carbon Storage Project
- BP picks Noble's Innovator rig to drill six NEP wells, advancing the UK's flagship carbon storage project in the North Sea.
- 05/30/2025
|
BP names US oil and gas veteran Dave Hager as non-executive director
- BP on Friday said it has appointed U.S. oil and gas industry veteran David Hager as a non-executive director effective June 2.
- 05/30/2025
|
BP Appoints Former Devon Energy Chief David Hager as Nonexecutive Director
- The naming of the U.S. oil executive comes at a time when BP is seeking to more than double its production of oil and gas in the country by the end of the decade.
- 05/30/2025
|
confident data center industry will adopt immersion cooling BP Castrol
- Michelle Jou, CEO of bp Castrol, says that relying on air cooling for data centers is "unsustainable", and that she is confident that the transition towards immersion cooling technologies will happen as it is the most efficient solution when it comes to a server's thermal efficiency, safety, and life-cycle management.
- 05/29/2025
|
BP's Castrol unit draws interest from Apollo, India's Reliance, Bloomberg News reports
- BP's Castrol lubricants business is attracting interest from companies such as India's Reliance Industries , Bloomberg News reported on Wednesday, citing people familiar with the matter.
- 05/28/2025
|
BP Deepens Ties With China, Signs LNG Supply Deal With Zhejiang Energy
- BP signs 10-year LNG sales and purchase agreement with China's Zhejiang Energy to supply up to 1 million metric tons per year of liquefied natural gas.
- 05/28/2025
|
BP Begins Sale of Castrol in $20B Asset Divestment Strategy
- BP kicks off sale of Castrol as part of a $20B divestment push, targeting a leaner portfolio and sharper focus under CEO Auchincloss.
- 05/27/2025
|
Here is What to Know Beyond Why BP p.l.c. (BP) is a Trending Stock
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 05/22/2025
|
BP's future is bright — if it can get through the next 6 months, analyst says
- Lydia Rainforth, head of European energy, equity research at Barclays, discusses takeover speculation over a BP takeover and the valuation gap between European and U.S. oil majors.
- 05/22/2025
|
Dividend Harvesting Portfolio Week 220: $22,000 Allocated, $2,213.76 In Projected Dividends
- Markets surged on positive trade deals and Middle East investments, but I see Fed policy lagging and Moody's downgrade as overblown—pullbacks are buying opportunities. My Dividend Harvesting Portfolio hit a record $27,641.59, with a 2.87% weekly gain and forward annualized dividend income now at $2,213.76. Consistent contributions and reinvestment have driven strong dividend growth, with 2025 income up 38% year-over-year and the dividend snowball effect accelerating.
- 05/22/2025
|
BP seeks buyers for Castrol lubricants unit to reach $20 billion divestment goal, sources say
- BP has kicked off the sale of its more than a century-old Castrol lubricants business, according to two people with knowledge of the process, in a key step in the British energy group's divestment plan to boost its share price.
- 05/22/2025
|
Bear of the Day: BP PLC (BP)
- Estimates continue to move lower for BP as oil prices come under pressure and global slowdowns are threatened.
- 05/22/2025
|
If Iran's Nuclear Sites Are Attacked Oil Will Skyrocket – Grab These High-Yield Energy Giants Now
- Major media outlets announced this week that new intelligence suggests that Israel is preparing to strike nuclear facilities in Iran.
- 05/21/2025
|
New Strong Sell Stocks for May 21st
- AMTB, BP and COLM have been added to the Zacks Rank #5 (Strong Sell) List on May 21, 2025.
- 05/21/2025
|
XOM vs. BP: Which Integrated Energy Stock Boasts Better Prospects?
- XOM's clean energy plan is like a side business that???s already set up, while BP is still working out how to make its green projects reliably pay off.
- 05/20/2025
|
Re-elected Shell CEO, asked about BP, says bar for deals is high
- Shell shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for rival BP that the bar for mergers and acquisitions was very high.
- 05/20/2025
|
The Blood Pressure Solution Under Review: Complete Hypertension Support System for High BP
- A Natural, Functional Medicine-Based Blood Pressure Program Offers a Drug-Free Alternative to Hypertension Through Nutrition, Lifestyle, and Root-Cause Reversal Strategies A Natural, Functional Medicine-Based Blood Pressure Program Offers a Drug-Free Alternative to Hypertension Through Nutrition, Lifestyle, and Root-Cause Reversal Strategies
- 05/15/2025
|
BP: Takeover Speculation, Low Valuation, Capital Returns
- BP's shares surged on takeover speculation in May and the company submitted decent Q1 earnings last month, despite lower liquids realizations. BP generated fairly stable results in oil production in the first-quarter and continued to spend a lot of money on buybacks. The energy giant also has a long term capital framework that calls for capital returns equal to 30-40% of its operating cash flow.
- 05/15/2025
|
BP Awards Multi-Year Mauritania-Senegal Gas Field Deal to Oceaneering
- BP awards Oceaneering a 3-year subsea deal at the GTA gas field, with options to extend as field operations begin in Q2 2025.
- 05/13/2025
|
Is a Big Oil Megamerger Brewing? Exxon, Chevron, and Others Are Eyeing This Oil Stock.
- A consolidation wave has washed over the oil patch in recent years. ExxonMobil (XOM 1.11%) kicked things off with its $64.5 billion deal for Pioneer Natural Resources in late 2023.
- 05/11/2025
|
Energy Stocks Got Crushed by Tariff Selling: Buy These 4 High-Yield Dividend Giants Right Now
- Investors love dividend stocks, especially high-yield companies in the energy sector, because they offer a significant income stream and have substantial total return potential.
- 05/09/2025
|
BP Stock Rises. Takeover Rumors Won't Go Away.
- Meanwhile, activist investor Elliott Management is pushing for more aggressive goals to get the company back on its feet.
- 05/09/2025
|
With Or Without BP, Buy Shell
- Shell's potential acquisition of BP could offer substantial synergies and shareholder returns, though it's not confirmed yet. Shell's strong financials include $4.8 billion in quarterly income, manageable $41 billion net debt, and robust FCF and capital investments. Shell's diversified portfolio, especially in LNG, supports strong segment performance and profitable CFFO, even in a weak oil price environment.
- 05/09/2025
|
BP shares rise on report Exxon, Chevron and rivals eyeing oil major
- Chevron, Exxon Mobil and TotalEnergies are among other big oil companies that could be considering a deal for BP, a report said Friday.
- 05/09/2025
|
BP shares rise as FT reports more rivals looking at possible takeover
- Shares in BP edged higher on Friday after the Financial Times reported a number of rivals have "run the numbers" about a possible takeover of the London-listed oil company.
- 05/09/2025
|
3 Stocks to Watch as Trump Reaches Trade Deal with the U.K.: BP, NOMD, RYCEY
- Several British ADRs are standing out and may be worthy of investors' consideration, with President Trump reaching a trade deal with the U.K. on Thursday.
- 05/08/2025
|
4 Stocks With Impressive Shareholder Yield to Safeguard Your Portfolio
- Boost your portfolio with high-yield stocks like BP, CIB, SKM & RITM. Learn how shareholder yield can optimize returns and mitigate risks.
- 05/08/2025
|
Dividend Harvesting Portfolio Week 218: $21,800 Allocated, $2,195.04 In Projected Dividends
- Earnings season saw strong reports from Microsoft, Apple, Meta, and Amazon, boosting the S&P 500 by 2.75% and the Nasdaq by 2.82%. The Dividend Harvesting Portfolio gained 1.98% this week, with a total return of 23.42% and forward dividend income reaching $2,195.04. Added to positions in Bristol-Myers Squibb, Pfizer, and BP, focusing on undervalued stocks with strong dividend yields and growth potential.
- 05/08/2025
|
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 05/07/2025
|
Shell Mulls BP Acquisition to Regain Edge in Global Oil
- SHEL is reportedly assessing a bold takeover of BP, as weak oil prices and activist pressure spark speculation of major energy sector consolidation.
- 05/06/2025
|
Shell's quiet calculus: Why a BP takeover is tempting but not inevitable
- Shell PLC (LSE:SHEL, NYSE:SHEL) isn't pouncing. At least, not yet.
- 05/06/2025
|
BP Returns To Oil: A New Strategy With Old Risks
- BP has shifted its strategy back to oil and gas production under new CEO Murray Auchincloss, aiming for 2.5 million bpd by 2030. Despite a 29% drop in share price, BP's high free cash flow and strong dividends make it a "Buy" with a 12.31% upside. Key risks include market volatility and strategic inflexibility in the global energy transition, but operational efficiency and mature assets remain strengths.
- 05/05/2025
|
BP Taps SBM Offshore for Installing Kaskida FPU in Deepwater GoA
- BP's Kaskida oilfield is slated to be its sixth production hub in the Gulf of America shelf. The FPU for the field has a production capacity of 80,000 barrels of crude oil per day.
- 05/05/2025
|
3 Integrated Energy Stocks to Gain Despite Ongoing Trade Tensions
- Rising demand for renewable energy is adding uncertainty to the prospects of the Zacks Oil and Gas Integrated International industry's outlook. XOM, CVX and BP will probably overcome market challenges.
- 05/05/2025
|
Why a potential Shell blockbuster deal for BP makes sense
- Media reports said over the weekend that Shell may be looking to purchase rival BP. Observers say that could be the answer to lots of BP problems.
- 05/05/2025
|
Oil Prices Drop to Four-Year Low. Big Mergers Like a Shell, BP Combo Could Appeal.
- Increased supply from OPEC and the economic uncertainty of trade wars weighing on demand could be a brutal combination for energy prices.
- 05/05/2025
|
Shell weighs possible BP takeover amid oil sector turbulence
- Britain's oil and gas sector may shrink from two super-majors to just one if weekend reports come to fruition. According to Bloomberg, Shell PLC (LSE:SHEL, NYSE:SHEL) is exploring the feasibility of a takeover bid for BP PLC (LSE:BP.
- 05/05/2025
|
Shell reportedly weighing up merits of making move to buy BP
- Such a takeover would be one of biggest deals ever in oil and gas industry
- 05/04/2025
|
Shell is studying merits of BP deal, Bloomberg News reports
- Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc , though it is waiting for further stock and oil price declines before deciding whether to pursue a bid, Bloomberg News reported on Saturday citing people familiar with the matter.
- 05/03/2025
|
Big Oil earnings show split in production strategy, shareholder returns
- Big Oil's first-quarter earnings have shown a clear split in how companies are positioned to weather the downturn sparked by a slump in oil prices to a four-year low in April.
- 05/02/2025
|
BP's Leaner, Sharper Strategy Could Drive A Rerating--Here's The Case
- BP is undergoing a strategic pivot, focusing on cash returns and debt reduction while divesting non-core assets and maintaining operational reliability above 95%. Valuation metrics like EV/EBITDA, EV/sales, and price-to-cash flow suggest BP is undervalued compared to peers, despite stable revenue and strong cash flow. Market sentiment is muted due to BP's recent strategic shifts and lower Q1 earnings, but stable dividends and buybacks provide a safety net.
- 05/02/2025
|
Should You Stay Invested in BP Stock or Sell it Post Q1 Earnings?
- Along with the first-quarter 2025 transcript, BP announces that it has started producing oil and gas from three key projects, namely, Cypre in Trinidad, Raven infill in Egypt and GTA.
- 05/02/2025
|
BP's Dividend Approaches 7% And A Fundamental Shift Toward Upstream Looks Promising
- BP's share price has declined significantly, but its strategic pivot back to traditional energy sources and strong dividend yield offer a compelling long-term investment opportunity. Despite risks like crude price volatility and operational challenges, BP's low valuation and strong fundamentals position it favorably compared to peers. BP's strategic focus on upstream business, cost reduction, and asset divestitures aims to boost free cash flow and shareholder value.
- 05/02/2025
|
Nvidia, Tesla and BP were the most bought stocks by UK investors in April
- UK retail investors showed an appetite for US tech stocks and home-market staples over the month of April, with Nvidia Corp (NASDAQ:NVDA), Tesla Inc (NASDAQ:TSLA) and BP PLC (LSE:BP.) featuring across multiple platforms as top buys.
- 05/01/2025
|
BP results: A closer look at the struggling oil major that has 200,000 private investors
- BP PLC (LSE:BP.) first-quarter update on Tuesday landed awkwardly, with cash flow well below expectations.
- 04/30/2025
|
Australia's Woodside Energy signs LNG supply deal with BP for Louisiana project
- Australian oil and gas major Woodside Energy said on Wednesday it had signed a supply deal with BP , under which the British energy giant would supply natural gas to its Louisiana liquefied natural gas (LNG) project.
- 04/29/2025
|
BP p.l.c. (BP) Q1 2025 Earnings Call Transcript
- BP p.l.c. (NYSE:BP ) Q1 2025 Earnings Call April 29, 2025 8:00 AM ET Company Participants Craig Marshall - IR Murray Auchincloss - CEO Kate Thomson - CFO Conference Call Participants Biraj Borkhataria - RBC Capital Markets Joshua Stone - UBS Roger Read - Wells Fargo Securities Douglas Leggate - Wolfe Research Lydia Rainforth - Barclays Bank Kim Fustier - HSBC Christopher Kuplent - Bank of America Jason Gabelman - TD Cowen Martijn Rats - Morgan Stanley Michele Della Vigna - Goldman Sachs Matthew Lofting - J.P. Morgan Chase Irene Himona - Sanford C.
- 04/29/2025
|
BP CEO Murray Auchincloss discusses first-quarter results
- BP CEO Murray Auchincloss discusses the company's strategic reset and the outlook for the business amidst geopolitical turmoil and increased need for energy security.
- 04/29/2025
|
BP's results: the good, the bad and the ugly for the 200,000 private investors holding shares
- Around 200,000 private investors hold stock in BP. Here we take a look at the highly anticipated Q1 numbers and what they mean for the forgotten minority.
- 04/29/2025
|
BP's Q1 Earnings & Revenues Miss Estimates on Weak Refining
- Lower liquid price realizations and weaker refining margins hurt BP's Q1 earnings.
- 04/29/2025
|
BP CEO says oil major 'off to a great start' in strategy reset
- BP CEO Murray Auchincloss told CNBC's “Squawk Box Europe” on Tuesday that the firm was “off to a great start” in delivering on its strategic reset.
- 04/29/2025
|
BP Stock Tumbles on Worse-Than-Expected Q1 Results, Reduced Buyback
- U.S.-listed shares of BP (BP) fell in premarket trading Tuesday after the British energy giant posted lower-than-estimated first-quarter earnings and reduced its stock buyback as increased economic uncertainty weighs on oil prices.
- 04/29/2025
|
BP Q1 earnings fall short; analysts cite strong downstream, weak oil, rising debt
- BP posted weaker-than-expected earnings for the first quarter on Tuesday, as lower crude prices and a recent pivot in corporate strategy weighed on performance. The British oil major reported an underlying replacement cost profit of $1.38 billion for the January-to-March period, falling short of analyst expectations of $1.
- 04/29/2025
|
BP strategy chief Chierchia to leave in June after Elliott pressure
- BP's strategy and sustainability chief Giulia Chierchia, the key architect of the group's ill-fated foray into renewables, will step down on June 1, the company said on Tuesday.
- 04/29/2025
|
BP earnings and buyback smaller than expected after oil prices retreat
- BP PLC's (LSE:BP.) first-quarter underlying profits came in well below forecasts, with higher debt and a smaller share buyback than expected.
- 04/29/2025
|
BP Cuts Buyback; Profit Misses Expectations
- BP said it would return less cash to shareholders after its profit came in worse than expected.
- 04/29/2025
|
BP reports lower-than-expected profit of $1.38 billion
- BP on Tuesday reported underlying replacement cost profit, the company's definition of net income, of $1.38 billion in the first quarter, below company-provided analyst expectations of $1.53 billion.
- 04/29/2025
|
Oil giant BP posts 49% drop in first-quarter profit on weaker crude prices
- British oil giant BP posted underlying replacement cost profit, used as a proxy for net profit, of $1.4 billion for the first three months of the year. That missed analyst expectations of $1.6 billion, according to an LSEG-compiled consensus.
- 04/29/2025
|
BP Earnings Will Highlight Elliott Showdown. The Goal Is Catching Exxon, Chevron.
- BP reports first-quarter earnings Tuesday. It's another flashpoint in the battle to get the share price up.
- 04/28/2025
|
Unveiling BP (BP) Q1 Outlook: Wall Street Estimates for Key Metrics
- Get a deeper insight into the potential performance of BP (BP) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
- 04/28/2025
|
Shell and BP higher as Brent price stabilises after tricky week
- BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) edged higher in early trading on Monday as oil prices rebounded after a mildly schizophrenic week.
- 04/28/2025
|
BP Poised to Report Q1 Earnings: Here's What You Need to Know
- Healthier crude oil prices are likely to have aided BP's earnings in Q1.
- 04/25/2025
|
Activist investor Elliott pushes for change in BP strategy chief and structure
- Activist investor Elliott Investment Management wants oil major BP to replace its strategy chief and change its structure to separate upstream and downstream units to aid accountability, a source familiar with the situation said on Friday.
- 04/25/2025
|
Energy Stocks Could Rally as Iran/Russian Sanctions Kick In: 4 Highest-Yielding Dividend Buys
- Investors love dividend stocks, especially high-yield companies in the energy sector, because they offer a significant income stream and have substantial total return potential.
- 04/24/2025
|
Dividend Harvesting Portfolio Week 216: $21,600 Allocated, $2,166.49 In Projected Dividends
- The markets faced volatility due to tariff and trade policy concerns, but the Fed's potential rate cuts could benefit the Dividend Harvesting Portfolio. The Dividend Harvesting Portfolio increased by 2.22% this week, with a total profitability of $4,100.97 and forward dividend income of $2,166.49. I added to positions in ONEOK and Blue Owl Capital Corporation, expecting them to perform well, especially if the Fed cuts rates.
- 04/24/2025
|
BP Stock Jumps. Activist Elliott Raises Stake Above This Key Level.
- The interest puts CEO Murray Auchincloss under pressure to deliver better results quickly.
- 04/23/2025
|
BP shares rise after Elliott reveals 5% stake: here's what it plans to do
- BP shares climbed by more than 5% on Wednesday after hedge fund Elliott Management revealed a 5.006% stake in the British oil major. The stock was up 5.11% at 10:12 a.m.
- 04/23/2025
|
BP shares jump as activist investor Elliott discloses 5% stake build
- BP shares jumped on Wednesday after activist investor Elliott went public with a stake of more than 5% in the struggling British oil major. Hedge fund Elliott Management has built its holding in the British oil major to 5.006%, according to a regulatory filing disclosed late Tuesday.
- 04/23/2025
|
BP share buyback outlook at risk from oil price slump, analysts say
- BP may be forced to cut or even scrap its share buyback programmes over the next year unless oil prices recover, analysts say, adding that would increase pressure on its already underperforming shares.
- 04/23/2025
|
BP 'never really tried' to become a clean energy company, says climate activist investor
- Mark Van Baal, founder of Follow This, discusses activist investment in European oil majors.
- 04/22/2025
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 04/17/2025
|
Oli majors unlikely to blink on dividends despite rising uncertainty
- - Buybacks might take a slight hit, but dividends are safe Citigroup isn't expecting any panic in the oil patch just yet. In a new note on global oil and gas majors, analysts said the current economic uncertainty doesn't come close to the shocks seen during the financial crisis or the pandemic.
- 04/17/2025
|
Dividend Harvesting Portfolio Week 215: $21,500 Allocated, $2,158.06 In Projected Dividends
- Dividend Harvesting Portfolio Week 215: $21,500 Allocated, $2,158.06 In Projected Dividends
- 04/17/2025
|
My Dividend Stock Portfolio: New All-Time Dividend Record In March - 100 Holdings With 15 Buys
- March investments totaled around $1,200, mainly in BDCs like Blue Owl Capital and Ares Capital, boosting annual dividend income by $100. Dividend income hit a new all-time record of $1,404, up 17% Y/Y driven by substantial purchases over the last twelve months. Focus remains firmly on maintaining rising BDC dividends and achieving a monthly increase of at least $100 in dividend income.
- 04/17/2025
|
BP leadership faces shareholder vote amid Elliott campaign, climate ire
- BP's board is up for re-election at its annual general meeting on Thursday as the group faces activist shareholder Elliott Management and climate-focused investors who have called for a vote against Chairman Helge Lund.
- 04/17/2025
|
Oil giant BP braces for shareholder showdown over green strategy U-turn
- Britain's BP is bracing for a shareholder backlash at its annual general meeting on Thursday, with a chorus of disgruntled investors planning to voice their concerns over the firm's green strategy U-turn. Asset manager Legal & General, a leading shareholder in BP, said it intends to vote against the reelection of outgoing Chair Helge Lund, a position that would defy BP's management recommendation.
- 04/17/2025
|
BP Encounters Oil in the Far South Prospect, Gulf of America
- BP, together with its partner CVX, operates the Far South field, situated 4 miles toward the north of the Constellation field.
- 04/16/2025
|
BP begins loading its first LNG cargo from Venture Global's Calcasieu Pass plant
- BP Plc will begin loading its first shipment of liquefied natural gas from Venture Global's Calcasieu Pass plant in Louisiana on Wednesday, according to LSEG data.
- 04/16/2025
|
BP is ‘certainly a takeover target', market expert says
- BP PLC's (NYSE: BP) augmented focus on renewable energy at the expense of its core oil and gas operations has resulted in a sharp downtrend in its stock price over the past 12 months.
- 04/16/2025
|
LNG Shipping Stocks: Week Of Returns
- Market sentiment was surprisingly optimistic, despite political developments, with the UP World LNG Shipping Index gaining 3.03% and several companies achieving double-digit gains. Strong trading volumes in the U.S. and Japan drove significant price movements, with Golar LNG leading the surge at 21.4%. Despite some declines in major gas-oil firms, the overall outlook remains positive due to growing LNG demand and potential new long-term contracts.
- 04/16/2025
|
2 Stocks Likely to Beat on Q1 Earnings Echoing XOM's Upstream Optimism
- Accretive oil and gas prices are likely to have aided upstream operations of BP and SLB in the first quarter of 2025.
- 04/15/2025
|
BP Expects Lower Gas Output & Higher Debt in Q1 Amid Strategy Shift
- BP expects weak gas trading and a $4B rise in debt in Q1. Refining margins and oil output offer partial support amid its shift to fossil fuels.
- 04/15/2025
|
Oil giant BP is seen as a prime takeover target. Is a blockbuster mega-merger in the cards?
- Oil giant BP, which holds its annual general meeting on Thursday, has recently sought to resolve something of an identity crisis by launching a fundamental reset. Britain's Shell and U.S. oil giants Exxon Mobil and Chevron have been touted as possible suitors.
- 04/15/2025
|
Brent crude climbs 1% as BP and Shell track gains; OPEC trims demand outlook
- Brent crude rose 1% on Monday, lifting shares in UK oil majors BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL), even as OPEC lowered its forecast for global oil demand growth in 2025 and cut its economic outlook.
- 04/14/2025
|
BP makes discovery in Gulf of Mexico, highlights focus on US energy production
- BP PLC (LSE:BP.) made a deepwater oil discovery in the Gulf of Mexico/America, which it used to highlight its exposure to the USA.
- 04/14/2025
|
BP makes new oil discovery off US Gulf coast
- BP made an oil discovery in the Far South field in the U.S. Gulf of Mexico, the UK-based oil major said on Monday.
- 04/14/2025
|
BP Discovers Oil at U.S. Far South Prospect in Gulf of Mexico
- Initial data shows high-quality reservoirs and a potentially commercial volume of hydrocarbons, the company said.
- 04/14/2025
|
BP (BP) Rises Yet Lags Behind Market: Some Facts Worth Knowing
- In the latest trading session, BP (BP) closed at $26.59, marking a +1.37% move from the previous day.
- 04/11/2025
|
Trump Revokes Shell, BP Gas Licenses for Offshore Venezuela
- The Trump administration has revoked Shell and BP's Venezuela gas licenses, escalating a crackdown that began with Chevron and now threatens Trinidad's energy security.
- 04/11/2025
|
BP shares decline following weak Q1 gas trading forecast and rising debt
- BP's shares fell in early trading Thursday after the energy group announced it expects weak first-quarter gas marketing and trading earnings and a rise in net debt.
- 04/11/2025
|
BP flags weaker gas trading and higher debt in first quarter update
- BP PLC (LSE:BP.) has warned investors to expect a weaker start to the year from its natural gas trading business and a sharp rise in debt, according to early guidance for the first three months of 2025.
- 04/11/2025
|
BP forecasts lower first-quarter reported upstream production
- British oil and gas producer BP said on Friday that reported upstream production in the first quarter is expected to be lower compared to the previous quarter.
- 04/11/2025
|
BP Expects First-Quarter Upstream Production to Fall
- The company expects upstream production to be lower than the previous quarter due to already announced divestments in Egypt and Trinidad.
- 04/11/2025
|
Dividend Harvesting Portfolio Week 214: $21,400 Allocated, $2,152.32 In Projected Dividends
- Liberation Day saw markets plummet due to reciprocal tariffs, with the S&P 500 and Nasdaq falling by approximately 7.9%, erasing last year's gains. Despite the market's knee-jerk reaction, I believe there isn't enough data to support the rapid descent in equities and remain optimistic. The Dividend Harvesting Portfolio experienced its largest weekly loss but continues to generate significant dividend income, reinforcing my confidence in its long-term strategy.
- 04/10/2025
|
BP Halts Clean Jet Fuel Project at Spain's Castellon Refinery
- BP pauses its Castellon clean jet fuel project in Spain, citing slower-than-expected market growth as it reevaluates low-carbon spending plans.
- 04/09/2025
|
These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
- 04/07/2025
|
BP and Shell slide 8% as oil slump and tariff fears hammer energy stocks
- Shares in BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) fell 8% on Monday, as the oil majors faced a double blow from collapsing crude prices and mounting fears of a global recession triggered by President Trump's sweeping tariffs.
- 04/07/2025
|
BP Kicks Off Cypre Gas Production in the Caribbean, Off Trinidad
- BP's Trinidad and Tobago unit has begun delivering gas from the Cypre project, a key step in its plan to bring 10 major upstream projects online by 2027.
- 04/04/2025
|
BP Chairman Helge Lund to Step Down Amid Pressure From Elliott for Strategy Shift
- Shares of BP (BP), which has been under pressure from activist investor Elliott Investment Management, plunged 8% in recent trading after the energy giant said chair Helge Lund is stepping down.
- 04/04/2025
|
Energy prices sink over tariffs and OPEC announcement
- CNBC's Pippa Stevens joins 'Squawk on the Street' to discuss what's driving energy prices.
- 04/04/2025
|
BP chairman Helge Lund out as green energy strategy collapses
- The chairman of BP, Helge Lund, is set to step down, marking the end of an era defined by the company's ambitious but ultimately unsuccessful foray into green energy. The oil giant announced on Friday that Lund would be relinquishing his role “in due course.
- 04/04/2025
|
Goldman slashes oil price forecasts as supply risks and trade war fears mount
- Goldman Sachs has cut its 2024 oil price forecasts, citing rising supply from OPEC+ and growing fears that a global trade war could tip economies into recession. Brent crude is now expected to average $69 a barrel this year, down 5.5%, while WTI has been revised to $66, a 4.3% cut.
- 04/04/2025
|
BP Chair Helge Lund to Step Down Amid Push for Changes at Oil Major
- The British energy company said Lund is likely to step down sometime next year, as activist investor Elliott Management pushes for changes at the British oil major.
- 04/04/2025
|
Under-fire BP says its chair will leave, but not soon
- BP, under fire from an activist shareholder over its stock-market performance, on Friday said its chair will step down.
- 04/04/2025
|
bp kicks off search for next chair as Helge Lund plans to step down
- BP PLC (LSE:BP.) has begun the process of appointing a new chair after Helge Lund told the board he plans to step down.
- 04/04/2025
|
BP chair Helge Lund to step down after oil major pledges strategic reset
- British oil major BP on Friday said its chair Helge Lund will step down, kickstarting a succession process with support from the wider board.
- 04/04/2025
|
BP chair Helge Lund to step down
- Oil major BP said on Friday its chair Helge Lund intends to step down and the company had kicked off the process to pick his successor.
- 04/04/2025
|
Investors Heavily Search BP p.l.c. (BP): Here is What You Need to Know
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 04/03/2025
|
Dividend Harvesting Portfolio Week 213: $21,300 Allocated, $2,128.72 In Projected Dividends
- Despite market volatility and a -2.8% GDP growth projection, I continue to invest, seeing short-term headwinds as opportunities for long-term gains. The Dividend Harvesting Portfolio's profitability declined by only -0.70% compared to the S&P 500's -2.8%, showcasing its resilience and effective diversification. Weekly capital allocation and reinvestment of dividends have increased the portfolio's forward projected annualized dividend income to $2,128.72, with a 25.18% return on invested capital.
- 04/03/2025
|
BP share price continues to underperform: is it a contrarian buy?
- The BP share price has lagged behind its peer companies in the past few years. Its stock jumped by about 60% in the last five years.
- 04/03/2025
|
BP (BP) Flat As Market Gains: What You Should Know
- BP (BP) reachead $33.81 at the closing of the latest trading day, reflecting no change compared to its last close.
- 04/02/2025
|
Is BP the next Suncor? Elliott's playbook explained by an investor who knows the activist hedge fund well
- Activist investors rarely make quiet entrances, and Elliott Advisors is no exception. The US hedge fund has taken a near 5% stake in BP PLC (LSE:BP.
- 04/02/2025
|
BP Secures Israeli Offshore Gas Licenses With SOCAR, NewMed
- BP expands its natural gas portfolio, joining SOCAR and NewMed in exploring Israel's offshore reserves after winning six key licenses.
- 04/02/2025
|
BP (BP) Stock Declines While Market Improves: Some Information for Investors
- BP (BP) reachead $33.79 at the closing of the latest trading day, reflecting a -0.21% change compared to its last close.
- 03/31/2025
|
BP: When The Facts Change (Rating Upgrade)
- BP's strategic reset addresses previous concerns by boosting oil and gas CAPEX and cutting underperforming renewable investments, aiming to reduce debt through asset disposals. The stock has rebounded since the reset announcement, with activist investor Elliott Management pushing for further strategic changes and board adjustments. BP plans to cut overall CAPEX while increasing oil and gas investments, targeting 2.3-2.5 MMBOE/day production by 2030, reversing its 2020 strategy.
- 03/31/2025
|
BP Approves Ginger Gas Project Offshore Trinidad & Tobago
- BP moves ahead with its Ginger gas project in Trinidad, adding to its growing offshore portfolio and advancing its $10B annual upstream investment plan.
- 03/31/2025
|
BP: Lowering My Price Target, Still Cheap With A Shareholder-Friendly Focus
- BP is undervalued with a low P/E ratio, high yield, and bullish technical indicators, despite recent underperformance and mixed earnings results. BP's management plans a strategic reset, including potential M&A, and has increased dividends by 10%, signaling confidence despite macro challenges. Key risks include refining operation uncertainties, potential macroeconomic slowdown, and activist pressure, but April's seasonal trends are historically positive for BP.
- 03/30/2025
|
BP to Offload 260+ Austrian Retail Sites, EV Assets by Q3
- BP plans to divest its Austrian fuel and EV assets, including 260+ retail sites, as part of a $20B disposal program targeting a sales agreement by Q3 2025.
- 03/28/2025
|
Activist investor Elliott takes short position in Shell after building a stake in rival BP
- U.S. activist investor Elliott Investment Management has taken a short position against British oil major Shell as part of a global hedging program. The move, which was first reported by British newspaper The Times on Thursday, comes shortly after it emerged Paul Singer's hedge fund had taken a near 5% stake in Shell's struggling rival, BP.
- 03/28/2025
|
BP CEO's Plan to Catch Exxon and Chevron: Make More Cash From the Gulf
- The Gulf of Mexico—or, as oil executives now call it, the Gulf of America—is critical to BP CEO Murray Auchincloss's plans to win back investor confidence and fend off a powerful activist in Elliott Management, he told Barron's in an interview in London.
- 03/28/2025
|
BP Gets Final Approval for Iraq's Kirkuk Oil Redevelopment
- BP receives the Iraqi government's final approval to redevelop Kirkuk oil fields, aiming to produce more than 3 billion barrels and boost Iraq's energy sector.
- 03/27/2025
|
Why BP is exiting the Austrian mobility and convenience sector
- BP, the British multinational oil and gas company, announced on Thursday that it intends to divest its mobility and convenience business in Austria. This strategic move is part of BP's broader portfolio restructuring efforts under the leadership of CEO Murray Auchincloss, who has implemented a “reset strategy” for the company.
- 03/27/2025
|
BP to sell over 260 retail stores, EV charging assets and more in Austria
- BP said on Thursday it plans to sell its mobility and convenience business in Austria, as the oil giant reshapes its portfolio under CEO Murray Auchincloss' reset strategy.
- 03/27/2025
|
BP weighs stake sales in two Gulf of Mexico projects, sources say
- BP is weighing the sale of minority stakes in two Gulf of Mexico projects, with each project estimated to be worth billions of dollars to the company, two sources with knowledge of the matter said on Wednesday.
- 03/26/2025
|
BP receives final green light from Iraq government on Kirkuk project
- BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial plan to produce 3 billion barrels of oil equivalent, BP said on Wednesday.
- 03/26/2025
|
BP's Strategy Under Scrutiny as Elliott Pushes for Further Changes
- Elliott Management is pressuring BP for deeper cost cuts, asset sales and leadership changes as the oil giant pivots back to hydrocarbons.
- 03/26/2025
|
Proxy advisor ISS recommends votes for re-election of BP board, executives
- Proxy advisor Institutional Shareholder Services Inc (ISS) recommends that shareholders vote in favour of the re-election of BP's board and management at the April 17 annual general meeting, according to a document seen by Reuters.
- 03/26/2025
|
BP (BP) Stock Sinks As Market Gains: Here's Why
- BP (BP) closed the most recent trading day at $34.11, moving -1.27% from the previous trading session.
- 03/24/2025
|
BP Sells $1B Stake in Key Azerbaijan-Turkiye Gas Pipeline
- BP secures $1 billion from Apollo for a 25% TANAP stake, unlocking capital while maintaining influence in the Azerbaijan-Turkiye pipeline. Closing is expected in Q2 2025.
- 03/24/2025
|
European Stocks Crushing US Rivals: 5 Strong Buy Stocks With Huge Dividends
- At 24/7 Wall St., we have focused on dividend stocks for over 15 years because, despite the ups and downs that always accompany the stock market, the reality for many people is the need to have solid passive income streams that accompany income from employment or other avenues.
- 03/24/2025
|
Activist Elliott meets BP investors to discuss more changes, sources say
- Activist investor Elliott Management has met several large shareholders in BP to try to forge a consensus for more changes at the oil major that could include cost cuts and a potential leadership reshuffle, two shareholders told Reuters.
- 03/21/2025
|
Apollo Funds to buy 25% stake in BP pipelines for about $1 billion
- BP on Friday said U.S.-based asset management firm Apollo Global's managed funds will buy a 25% non-controlling stake in its unit, BP Pipelines (TANAP), for about $1 billion.
- 03/21/2025
|
My Dividend Stock Portfolio: New February Dividend Record - 100 Holdings With 11 Buys
- February investments fell below $1,000, mainly in BDCs like Owl Rock Capital and Ares Capital, boosting annual dividend income by $77. Dividend income hit a new February record of $505, up 5% Y/Y driven by organic dividend growth. Focus remains firmly on maintaining rising BDC dividends and achieving a monthly increase of at least $100 in dividend income.
- 03/20/2025
|
BP activist investor Follow This urges vote against chair Lund over energy transition
- BP activist investor Follow This plans to call for a vote against Chair Helge Lund's reappointment at its April 17 shareholder meeting, claiming he should have offered investors a say on scrapping energy transition targets.
- 03/20/2025
|
Top Wall Street Firms Love 4 Strong Buy High-Yield Dividend Oil Giants
- Investors love dividend stocks, especially the high-yield variety, because they offer a significant income stream and have massive total return potential.
- 03/19/2025
|
Why the Market Dipped But BP (BP) Gained Today
- BP (BP) reachead $34.22 at the closing of the latest trading day, reflecting a +1.36% change compared to its last close.
- 03/18/2025
|
BP and SOCAR Enter Israeli Waters With Gas Exploration Deal
- BP and SOCAR secure offshore gas licenses in Israel, a strategic move as Israel strengthens its role in the global energy market and expands natural gas exports.
- 03/18/2025
|
BP Intends to Sell Half of Lightsource BP, Bids Due in June
- BP plans to sell 50% of Lightsource BP to a strategic partner, with bids due in June. This is part of its strategy to cut costs and boost returns amid investor pressure.
- 03/17/2025
|
BP Stock Eyes Golden Cross: Can Bulls Take Control?
- BP plc BP is flashing strong technical signals, with bullish momentum building just as the stock approaches a Golden Cross — a classic indicator of potential upside.
- 03/17/2025
|
Israel awards natural gas exploration licences to BP, Socar and NewMed
- Israel awarded licences to BP , Azeri national oil firm Socar and local company NewMed Energy on Monday to explore for natural gas in Israeli waters as the country seeks to boost domestic gas reserves and expand exports.
- 03/17/2025
|
Here's How Oil Demand is Evolving in the Post-Pandemic World
- The strong demand for oil and gas has prompted major energy companies like BP, ExxonMobil, and Chevron to reevaluate their strategies.
- 03/14/2025
|
From Southwest to BP, Elliott and other activists are shaking up companies again
- Investors like billionaire Paul Singer have more money than ever to throw around, and they are making their presence felt on Wall Street and Main Street.
- 03/14/2025
|
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 03/14/2025
|
BP plans to explore for new oil in Azeri Caspian Sea
- BP plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told Reuters.
- 03/13/2025
|
BNP Paribas BP's reports 132% surge in full-year net profit
- BNP Paribas BP , the Polish unit of lender BNP Paribas , posted a higher-than-expected jump in its full-year net profit on Thursday, supported by excess banking sector liquidity and persistently high interest rates.
- 03/13/2025
|
Poland's PKO BP fourth-quarter net profit rises 259%
- Poland's PKO BP posted a 259% year-on-year rise in fourth-quarter net profit on Thursday, due to improving income from core activities.
- 03/13/2025
|
CERAWEEK Time has come to ramp up U.S. gas output, BP CEO says
- BP is set to ramp up U.S. natural gas production in its onshore shale operations following the recent rise in domestic gas prices, CEO Murray Auchincloss said on Tuesday.
- 03/11/2025
|
BP must get 'runs on the board' with disposals to keep ahead of its critics, says leading investment bank
- BP PLC (LSE:BP.) shares may be under scrutiny, but RBC Capital believes the oil giant can win back investor confidence — if it can get ‘runs on the board' with its asset sales.
- 03/11/2025
|
BP activist Elliott prepare for battle over strategic plans
- BP PLC (LSE:BP.) and activist investor Elliott Management are both preparing for a potential battle at the annual shareholder meeting next month, both using newspapers to put their side across over the weekend.
- 03/10/2025
|
BP CEO was awarded no bonus pay from oil giant's financial performance
- BP's under-fire chief executive was awarded no bonus from the company's financial performance last year as his overall pay declined, the company said Thursday in its annual report.
- 03/06/2025
|
BP's emissions rose in 2024, annual report says
- BP's emissions under its operational control and the use of its products rose to 33.6 million metric tons and 322 million metric tons of carbon dioxide equivalent respectively in 2024, it said in its annual report on Thursday.
- 03/06/2025
|
Saudi Aramco exploring initial bid for BP's Castrol unit, source says
- Saudi Aramco is in the early stages of considering a potential bid for BP's lubricant business Castrol, according to a person with knowledge of the matter.
- 03/05/2025
|
BP says gas bubbles discovered at Senegal-Mauritania GTA project
- BP said on Wednesday it had detected low-rate subsea gas bubbles at a well in its Greater Tortue Ahmeyim (GTA) project, situated offshore between Mauritania and Senegal.
- 03/05/2025
|
BP Revises Strategy, Prioritizes Profits Over Green Transition
- BP states that annual spending on oil and gas will rise by almost 20%, while the same on renewable energy businesses will be cut by more than $5 billion.
- 02/28/2025
|
3 Stocks With Unusual Call Option Volume – What It Signals
- When investors try to gauge the market's sentiment for a group of stocks, they typically look at who has been buying into them lately with the hopes of understanding the reasoning behind these decisions. However, buying stock is not the only way large traders and market participants express their bullish views on a company's future.
- 02/28/2025
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 02/27/2025
|
BP's strategy overhaul: investment bank analysts see progress, but execution risks loom
- BP PLC's (LSE:BP.) strategy update to investment more in oil & gas and less in renewables was largely in line with expectations for investment banking analysts, but they warned the company faces "execution risks" as it needs to hit the top end of targets to really impress markets.
- 02/27/2025
|
BP: Righting The Ship
- BP's strategy reset focuses on increasing oil and gas production, reducing low-return green investments, and improving cost efficiency to enhance shareholder returns and reduce debt. The company plans to cut capital expenditures, target mid-teen ROI projects, and divest non-core assets like Castrol to strengthen its balance sheet. BP aims for 20% annual free cash flow growth through 2027, driven by new upstream projects and cost reductions.
- 02/27/2025
|
BP Signs Major Oilfield Redevelopment Deal for Kirkuk Oilfields
- BP mentions that the project involves a drilling schedule and the construction of new facilities, including gas expansion projects.
- 02/26/2025
|
BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift
- BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.
- 02/26/2025
|
Five years on from BP's ambitious pledge, the climate has changed in every sense
- Five years ago, BP's chief executive did something very unusual for the boss of an oil and gas company; he pledged to produce less oil and gas.
- 02/26/2025
|
BP Boosts Oil and Gas Spending as Energy Giant Pivots From Low-Carbon Focus
- BP (BP) said it would invest more in oil and gas as it pivots away from its low-carbon strategy.
- 02/26/2025
|
BP to almost double oil and gas production by 2030 in move away from green goals
- Firm will be selective about investing in low-carbon options, slashing more than $5bn from previous green plan
- 02/26/2025
|
BP Reset Falls Short. Why Bid to Catch Exxon Sent Stock Falling.
- The oil and gas major promised to increase investment in oil and gas while reducing investment overall.
- 02/26/2025
|
BP confirms reduction in renewable investment to ramp up oil and gas production
- BP PLC (LSE:BP.) confirmed its "reset" strategy will involve ramping up oil and gas investment to $10 billion a year and making a $5 billion-a-year cut to renewables and other areas of the energy transition.
- 02/26/2025
|
BP slashes renewables investment and boosts fossil fuel production
- Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production.
- 02/26/2025
|
BP's going back to petroleum as it plans more oil spending and production
- Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment while reducing outlays for greener fuels.
- 02/26/2025
|
Oil major BP boosts annual fossil fuel spending to $10 billion in strategy reset
- British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.
- 02/26/2025
|
BP ramps up oil and gas spending to $10 billion as CEO rebuilds confidence
- BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuel, as part of CEO Murray Auchincloss' efforts to boost returns and improve financial performance.
- 02/26/2025
|
BP 'cannot be trusted' campaigners say as CMD expected to bring green U-turn
- As BP PLC (LSE:BP.) prepared for its capital markets day on Wednesday, campaigners took to the streets to pre-emptively accuse CEO Murray Auchincloss of a treacherous U-turn in abandoning its former pivot towards a greener energy mix.
- 02/26/2025
|
Shell-BP Merger Buzz: A Trend Shaping the Future of Big Oil
- As Shell and BP merger rumors swirl, industry giants are consolidating to stay competitive. A new wave of oil mergers is changing the future of global energy.
- 02/25/2025
|
BP: New Bullish Catalyst In Play
- BP: New Bullish Catalyst In Play
- 02/25/2025
|
BP reportedly set to scrap production cuts
- BP PLC's (LSE:BP.) corporate strategy will be under intense scrutiny if, as foretold by the Financial Times, CEO Murray Auchincloss prepares to abandon oil and gas production cuts at the company's investor day.
- 02/25/2025
|
BP reverses course on renewables, focuses on oil and gas amid investor pressure
- BP's Chief Executive Officer has reportedly made a significant strategic shift, opting to refocus on fossil fuels and move away from the previous target of a 20-fold increase in renewable energy generation by 2030. This decision comes in response to investor concerns over earnings and aims to address those concerns directly, Reuters reported on Monday.
- 02/24/2025
|
Exclusive: BP to ditch renewables goals and return focus to fossil fuels
- BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings, two sources told Reuters.
- 02/24/2025
|
4 High-Yield Dividend Stocks Could Benefit From a Russia-Ukraine Ceasefire
- The full-scale invasion of Ukraine by Russia on February 24, 2022, was the expansion of a war between the two countries that had begun in February 2014, when disguised Russian troops covertly invaded and took control of the Ukrainian autonomous republic of Crimea.
- 02/23/2025
|
BP disposals and spin-offs may ‘make sense' on activist pressure - analysts
- BP PLC has emerged at the centre of activist pressure in several directions in recent days, leaving speculation over the likes of disposals or spin-offs. Citing reports that hedge fund Elliot Management had become a top three shareholder, RBC analysts flagged growing uncertainty around BP's next move to appease activists.
- 02/20/2025
|
My Dividend Stock Portfolio: New January Dividend Record - 100 Holdings With 14 Buys
- January saw solid investment activity with $1,500 in net capital added, primarily into Business Development Companies like Owl Rock Capital, Goldman Sachs BDC, and Blackstone Secured Lending Fund. Dividend income hit a record $814 in January, up 21% Y/Y, driven by ongoing investments in high-yield BDCs, aiming for $11,000 annual net dividends. Focus on maintaining steady BDC dividends and achieving a monthly increase of $100 in dividend income.
- 02/19/2025
|
BP: 5 Levers To Pull At The Investor Day
- We identify 5 levers which management should pull in order to improve BP's value and adress recent underperformance. Building partially on Shell's playbook, we believe key items to watch will be how management will improve BP's bloated cost structure and a resolute fix-sell-close strategy across the portfolio. Openness to changes in the advisory board and targeted divestments to strengthen the balance sheet could further help regain investor appreciation, in our view.
- 02/18/2025
|
Lightsource bp secured 10 power purchase deals totalling 1.3 GW last year
- Renewable energy developer Lightsource bp, a unit of British oil company BP , secured 10 power purchase agreements (PPAs) last year totalling 1.3 gigawatts (GW) of renewable energy capacity globally, the firm said on Wednesday.
- 02/18/2025
|
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports
- Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people familiar with the matter.
- 02/18/2025
|
Dupixent® (dupilumab) sBLA Accepted for FDA Priority Review for the Targeted Treatment of Bullous Pemphigoid (BP)
- If approved, Dupixent would be the first and only targeted medicine to treat BP in the U.S.; FDA decision expected by June 20, 2025
- 02/18/2025
|
BP: The Strategic Shift Investors Want
- BP's strategic shift toward core hydrocarbon assets and Elliott Management's involvement have made investors more bullish, despite weaker-than-expected Q4 profitability. BP's valuation remains undemanding, with a potential for significant upside if it aligns more closely with American peers like XOM. BP's strong cash flow, aggressive share buybacks, and high dividend yield offer top-tier shareholder returns, enhancing its investment appeal.
- 02/14/2025
|
Elliott discloses nearly $5 billion stake in BP, FT reports
- Activist investor Elliott Management has disclosed a stake of about 3.8 billion pounds ($4.75 billion) in BP , making it the oil giant's third-largest shareholder, the Financial Times reported on Thursday, citing people close to the matter.
- 02/13/2025
|
BP: Strategy Shift, Stock Buybacks, Cheap P/E
- BP p.l.c.'s Q4 earnings dropped 61% Y/Y due to lower petroleum prices and refining margins. The energy company announced a strategic shift, prioritizing fossil fuel projects over renewable energy investments, aiming for faster production growth. BP repurchased $1.75B in stock and reduced net debt by $1.0B in Q4, enhancing shareholder value.
- 02/12/2025
|
BP Q4 Earnings & Revenues Miss Estimates on Lower Price Realizations
- BP Q4 earnings and revenues decline year over year due to lower commodity price realizations and weaker contributions from its customers and products business segment.
- 02/11/2025
|
BP Promises Big Changes After Attracting An Uninvited Guest
- British major integrated company BP announced plans on Monday for what it calls a “new beginning” in its continuing efforts to regain its footing and become more competitive with peer companies like Shell, Chevron, and ExxonMobil.
- 02/11/2025
|
BP results heighten expectations around strategy update later this month
- BP PLC (LSE:BP.) shares struggled for direction after the oil giant reported its lowest quarterly profit for four years but promised to "fundamentally reset" its strategy.
- 02/11/2025
|
2 Oil Stocks in Focus Amid Earnings, Investments
- The shares of energy giants BP plc (NYSE:BP) and Phillips 66 (NYSE:PSX) are moving in opposite directions this morning.
- 02/11/2025
|
BP p.l.c. (BP) Q4 2024 Earnings Call Transcript
- BP p.l.c. (NYSE:BP ) Q4 2024 Earnings Conference Call February 11, 2025 8:00 AM ET Company Participants Craig Marshall - Investor Relations Murray Auchincloss - Chief Executive Officer Kate Thomson - Chief Financial Officer Conference Call Participants Josh Stone - UBS Peter Low - Redburn Biraj Borkhataria - RBC Doug Leggate - Wolfe Al Syme - Citi Irene Himona - Bernstein Lydia Rainforth - Barclays Lucas Herrmann - Exane BNP Matt Lofting - JPMorgan Chris Kuplent - Bank of America Roger Read - Wells Fargo Alejandro Vigil - Santander Michele Della Vigna - Goldman Sachs Paul Cheng - Scotia Giacomo Romeo - Jefferies Craig Marshall Welcome, everybody, to bp's Fourth Quarter and Full Year Results Call. We'll be focusing today's call on the fourth quarter and 2024 performance and the contents of the video that I hope many of you will have seen by now.
- 02/11/2025
|
BP Faces Declines in EPS, Revenue
- BP (BP 6.66%), a global oil and gas company, released its fourth-quarter earnings on Feb. 11, 2025, showing results below expectations. The company reported an EPS of $0.44, which fell short of the $0.46 forecast.
- 02/11/2025
|
BP Plans to 'Fundamentally Reset' Strategy Amid Reports of Elliott Stake
- BP (BP) announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a "significant" stake in the British oil giant.
- 02/11/2025
|
BP Earnings Miss. How Elliott Stake News Is Affecting the Stock.
- The oil and gas major now has an influential activist investor. That puts even more pressure on CEO Murray Auchincloss.
- 02/11/2025
|
BP plans six new gas wells to sustain output from Azeri Caspian Sea field
- BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable production in the years ahead, a senior manager at the international energy major told Reuters.
- 02/11/2025
|
BP says it will review buybacks and capex as part of strategy update
- BP PLC (LSE:BP.) released fourth-quarter results that look mostly better than expected, with its remaining $1.75 billion quarterly buyback still in place, but the oil giant said it intends to review buybacks and capex as part of its strategy update later this month.
- 02/11/2025
|
British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset
- British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled energy company's strategy.
- 02/11/2025
|
BP's fourth-quarter earnings drops to four-year low
- BP's fourth-quarter profit fell to $1.17 billion on Tuesday, marking the lowest earnings for the oil major in four years as weak margins dented its refining business.
- 02/11/2025
|
BP shares power ahead after activist takes stake; analysts have their say
- BP PLC (LSE:BP.) shares climbed 7% in afternoon trading following reports that activist investor Elliott Management has taken a stake in the company, increasing pressure for strategic and leadership changes.
- 02/10/2025
|
BP Gets an Big Activist Investor. The Stock Is Rising.
- Hedge fund Elliott Management has built a stake, The Wall Street Journal reported, and will push for transformational change.
- 02/10/2025
|
Three key changes Elliott could push BP to adopt
- BP plc (LON: BP) is in focus this morning after activist investor Elliott Management revealed a stake in the energy giant that has lagged its peers in recent years.
- 02/10/2025
|
BP Strikes Oil & Gas in Egypt's King Mariout Offshore Block
- BP's new oil and gas discovery in Egypt's King Mariout block strengthens its Mediterranean presence and aligns with the nation's growing offshore drilling push.
- 02/10/2025
|
BP shares jump 7% after Elliott Management takes stake – will there be leadership changes?
- BP shares surged on Monday, rising nearly 7% in early trading, after reports emerged that activist hedge fund Elliott Investment Management had acquired a stake in the British oil giant. The size of Elliott's holding has not been disclosed, but its involvement is already fuelling speculation about potential changes to BP's strategy and leadership.
- 02/10/2025
|
BP strategy day takes on new significance with Elliott in wings, say analysts
- BP PLC's upcoming strategic review "may have new impetus", analysts at Citi said after it emerged that activist investor Elliott Management is now involved, with other analysts suggesting chairman Helge Lund could be a target. The key strategic update, which was recently pushed back a few weeks to 26 February, "has seemingly taken an even more important turn", oil analysts at the investment bank said in a note to clients on Monday.
- 02/10/2025
|
BP is cheaper than its rivals. Now an activist investor has swooped in.
- BP shares surged in early trade on Monday after the activist investor Elliot was reported to have taken a significant stake in the integrated oil giant.
- 02/10/2025
|
BP shares pop 8% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
- BP shares jumped at the market open, following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major. BP stock was up 8.06% at 8:32 a.m.
- 02/10/2025
|
BP shares hit highest since August after Elliott builds stake
- Shares in oil major BP rose as much as 7% to their highest since August in early trade on Monday after Reuters reported Elliott Management had built a stake in the company, citing a source.
- 02/10/2025
|
BP attracts interest from activist investor Elliott
- BP PLC has attracted the interest of aggressive activist investor Elliott Investment Management ahead of a strategy announcement later this month. Elliott, led by Paul Singer, has built up what Bloomberg reported is a "significant stake" in the oil supermajor.
- 02/10/2025
|
Activist Elliott builds significant stake in BP, Bloomberg News reports
- Activist investor Elliott Investment Management has built a significant stake in oil major BP, Bloomberg News reported on Saturday.
- 02/08/2025
|
BP Pauses Development of Kwinana Biofuels Plant Amid Cost Cuts
- BP's decision to pause the Kwinana Renewables Fuels project is likely to have stemmed from its increasing costs.
- 02/07/2025
|
Zacks Industry Outlook Exxon Mobil, Chevron, BP and Vista Energy
- Exxon Mobil, Chevron, BP and Vista Energy have been highlighted in this Industry Outlook article.
- 02/07/2025
|
4 Integrated Energy Stocks to Benefit From Solid Industry Prospects
- From upstream activities to midstream, prospects for companies are rosy now, enhancing the outlook for the Zacks Oil and Gas Integrated International industry. XOM, CVX, BP & VIST will make the most of the favorable business scenario.
- 02/06/2025
|
Dividend Harvesting Portfolio Week 205: $20,500 Allocated, $1,988.56 In Projected Dividends
- The Dividend Harvesting Portfolio achieved a milestone by generating more than $200 in monthly dividend income, showcasing its ability to mitigate risk through diversification. Despite exiting Walgreens Boots Alliance due to dividend suspension, the portfolio's profitability increased, emphasizing the importance of diversification with over 90 positions. Key additions this week include QQQI, AIPI, ARCC, STWD, and PTY, leveraging opportunities in ETFs, REITs, and high-yield investments amid market volatility.
- 02/06/2025
|
Important Factors to Watch Ahead of BP's Q4 Earnings Release
- Lower commodity prices and reduced production are likely to have weighed on BP's bottom line in Q4.
- 02/05/2025
|
Buy This Cheap 6% Dividend As The S&P 500 Overheats
- We are—unequivocally—bullish on the US economy. We're also big fans of the 6.1% dividend we're going to discuss below, which trades for less than half its annual sales.
- 02/05/2025
|
BP Trails Its Rivals. It Must Work to Stay Independent.
- The company made a big bet on green energy even as its rivals stayed focused on more profitable fossil fuels.
- 02/04/2025
|
Exclusive: BP poised to invest up to $25 billion in Iraq's Kirkuk oil and gas
- Oil major BP is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil official told Reuters, as Baghdad seeks to win back foreign investment.
- 02/04/2025
|
BP: 2025 Will Make Or Break The Stock
- Following another weak quarter, we find BP strongly underperformed both its European and US peers since 2021, with Q4 earnings the lowest since late 2020. Yet, BP remains the primary value opportunity among global majors, trading at 3.1x EBITDA and offering a ~15% FCF yield and >13% in buybacks + dividends. The company is due to hold a highly anticipated investor day in February, we expect mgmt to follow the Shell playbook and remain carefully optimistic, reiterating our Overweight rating.
- 01/30/2025
|
Investors Heavily Search BP p.l.c. (BP): Here is What You Need to Know
- Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 01/29/2025
|
Stock Market Volatility Could Skyrocket – Play It Safe With 4 Large Cap 6% Dividend Giants
- For two years, all we have heard is that NVIDIA Corporation (NASDAQ: NVDA) is destined to rule the world.
- 01/28/2025
|
Never seen better opportunities in the energy transition, infrastructure: Neuberger Berman's Rachlin
- Doug Rachlin, Neuberger Berman senior portfolio manager, joins 'Squawk on the Street' to discuss the opportunity set for the firm's energy transition and infrastructure strategy.
- 01/27/2025
|
5 Large Cap Growth Stocks With Dividend Yields Up to 8% Are Too Cheap to Ignore
- Investors love dividend stocks because they provide dependable passive income streams and an excellent opportunity for solid total return.
- 01/27/2025
|
Dividend Harvesting Portfolio Week 203: $20,300 Allocated, $1,954.13 In Projected Dividends
- The Dividend Harvesting Portfolio generated $35.71 in dividend income and increasing forward annualized dividend income to $1,954.13. My portfolio rules of not exceeding 5% per position or 20% per sector has allowed me to navigate fluctuating market conditions and mitigate downside risk. I believe that market conditions are going to get better as the Fed lowers rates and the price of oil declines, which should allow for margin expansion across the board.
- 01/23/2025
|
BP has big issues to address in results and capital market day, says Canadian bank
- BP PLC (LSE:BP.) has some big strategic questions to answer says Canadian bank RBC and it is hoping that a planned capital markets day on 26 February will clear up a lot of them.
- 01/23/2025
|
Exclusive: BP-Iraq Kirkuk deal must include Kurdistan, region's PM says
- Baghdad and BP's negotiations over a major deal to redevelop Kirkuk's oil and gas fields must include Iraq's semi-autonomous Kurdish region, the Kurdish Prime Minister told Reuters, flagging a potential conflict with the central government.
- 01/23/2025
|
BP Achieves Milestone in GTA Project With First FLNG Gas
- BP's GTA project advances with FLNG Gimi commissioning, unlocking long-term value with 20 years of LNG production.
- 01/22/2025
|
4 Ultra-Safe Dividend Giants That Pay More Than the 10-Year US Treasury Note
- Dividend stocks are a favorite among investors for good reason. They provide a steady income stream of passive income and offer a promising avenue for total return.
- 01/22/2025
|
NYC's Climate Lawsuit Dismissed: Is It a Relief for Big Oil?
- The dismissal of New York City's lawsuit against XOM, BP, and SHEL underscores the complexities of climate litigation.
- 01/21/2025
|
BP Recommences Operations at Azerbaijan's Shah Deniz Field
- BP resumes production at Shah Deniz Alpha in the Caspian Sea after fixing a subsea pipeline issue, ensuring gas supplies to key regions like Serbia and Bulgaria.
- 01/21/2025
|
Trump Revokes offshore drilling bans; faces legal and environmental pushback
- US President Donald Trump, inaugurated on Monday, revoked offshore drilling bans imposed by his predecessor, Joe Biden. The move reopens 625 million acres of coastal waters for potential oil and gas development, reversing restrictions aimed at protecting marine ecosystems.
- 01/21/2025
|
5 Off-the-Radar Blue Chip Dividend Giants Are January Steals: All Yield 5% and More
- Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%.
- 01/18/2025
|
BP (BP) Stock Declines While Market Improves: Some Information for Investors
- In the most recent trading session, BP (BP) closed at $31.69, indicating a -0.28% shift from the previous trading day.
- 01/17/2025
|
BP Announces Layoffs, Aims to Cut At Least $2B in Costs by 2026
- BP announces a 5% reduction in its global workforce, including almost 4,700 employees and 3,000 contractor positions.
- 01/17/2025
|
BP (BP) Advances While Market Declines: Some Information for Investors
- In the most recent trading session, BP (BP) closed at $31.78, indicating a +1.53% shift from the previous trading day.
- 01/16/2025
|
The Big 3: GFI, BP, IBIT
- Crypto, gold and energy are in focus for Alan Knuckman's Big 3. He weighs the bearish and bullish aspects through options trades in the iShares Bitcoin ETF (IBIT), Gold Fields (GFI) and BP PLC (BP).
- 01/16/2025
|
BP cuts nearly 5,000 jobs in wake of ex-CEO Bernard Looney scandal
- BP has been in a state of flux in recent months in the wake of the scandalous exit of former CEO Bernard Looney.
- 01/16/2025
|
Here is What to Know Beyond Why BP p.l.c. (BP) is a Trending Stock
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 01/16/2025
|
Energy Giant BP To Cut Nearly 8,000 Jobs Worldwide
- Energy giant BP (LON: BP) unveiled nearly 8,000 job cuts on Thursday as part of corporate cost cutting measures across its global operations.
- 01/16/2025
|
Dividend Harvesting Portfolio Week 202: $20,200 Allocated, $1,944.48 In Projected Dividends
- The market started 2025 with volatility, but I remain bullish due to favorable macroeconomic conditions and expected Fed rate cuts. The Dividend Harvesting Portfolio mitigated downside risk despite market declines, generating $70.79 in dividend income and increasing forward annualized dividend income to $1,944.48. Diversification rules are crucial, with no sector exceeding 20% and no position over 5%, ensuring stability during market fluctuations.
- 01/16/2025
|
BP to cut 4,700 jobs in cost-cutting drive
- BP PLC has unveiled plans to axe 5% of its workforce in a bid to cut costs. Some 4,700 staff are set to be laid off under the move, while 3,000 contractors will be axed, a Sky News-cited email from chief executive Murray Auchincloss said on Thursday.
- 01/16/2025
|
BP gave a bleak outlook. Now it's reportedly slashing jobs.
- After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.
- 01/16/2025
|
Oil major BP to cut thousands of jobs in cost-cutting drive
- British oil major BP on Thursday said it is planning to cut 4,700 jobs, around 5% of its total workforce, Reuters reported, citing a company spokesperon.
- 01/16/2025
|
BP to cut over 5% of workforce in CEO cost cut drive
- BP announced on Thursday that it will cut around 4,700 staff, or over 5% of its total workforce, as part of CEO Murray Auchincloss' efforts to reduce costs.
- 01/16/2025
|
Is Big Oil Losing Ground in the Supreme Court Climate Fight?
- The likes of XOM and CVX face rising pressure to tackle climate deception claims and brace for the potential financial impact of ongoing lawsuits.
- 01/15/2025
|
BP negatives clear to see in recent update says US bank
- BP PLC (LSE:BP.) trading statement yesterday contained several negatives according to the analysts at US bank Citi.
- 01/15/2025
|
My Dividend Stock Portfolio: $10,000 In Dividends In 2024 - 97 Holdings With 13 Buys
- In December, I invested around $1,200 primarily in Business Development Companies, boosting my annual dividend income by $131 with a full-year total of almost $1,700.
- 01/15/2025
|
BP Warns of Weak Q4 Results and Delays Capital Markets Day
- BP signals a weak Q4, citing lower production and refining margins, while delaying its capital markets day as the CEO recovers from a medical procedure.
- 01/15/2025
|
Shell finances give it edge over BP, broker suggests
- Shell PLC (LSE:SHEL, NYSE:SHEL) has the edge over BP PLC (LSE:BP.) going into 2025 due to their respective balance sheets, according to analysts at JP Morgan.
- 01/15/2025
|
Iraq and BP to sign Kirkuk oil and gas deal by first week of Feb, oil minister says
- Iraq and British oil major BP will sign a mammoth deal covering four Kirkuk oil and gas fields by the first week of February, Oil Minister Hayan Abdel-Ghani told Reuters during a visit to Britain.
- 01/15/2025
|
BP Expands 70-Year Partnership With KBR in Global Energy Deal
- BP signs a three-year global agreement with KBR for engineering and EPCM services, reinforcing their decades-long partnership and global energy ambitions.
- 01/14/2025
|
BP Stock Drops After Company Warns of Impairments of Up to $2 Billion in Q4
- BP (BP) stock is falling in premarket trading Tuesday after the British oil giant said it expects to book impairments of between $1.0 billion to $2.0 billion in the fourth quarter.
- 01/14/2025
|
BP flags drop in upstream production, delays Capital Markets day
- BP PLC (LSE:BP.) has released its trading update for the fourth quarter of 2024, flagging a decrease in upstream production compared to the prior quarter.
- 01/14/2025
|
BP says drop in refining margins to dent Q4 profit
- BP said on Tuesday that lower refining margins would hurt its fourth-quarter profit by $100 million to $300 million and that it expects oil trading to be weak.
- 01/14/2025
|
BP Halts Shah Deniz Output After Pipeline Issue in Caspian Sea
- BP halts production at its Shah Deniz Alpha platform in the Caspian Sea due to a pipeline issue, coinciding with Azerbaijan's suspension of gas deliveries to Serbia and Bulgaria.
- 01/13/2025
|
BP (BP) Increases Despite Market Slip: Here's What You Need to Know
- In the most recent trading session, BP (BP) closed at $31.29, indicating a +0.55% shift from the previous trading day.
- 01/10/2025
|
BP, Shell tick up as oil prices surge on Russian sanction fears
- BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) shares ticked up on Friday in line with a surge in oil prices on fears around new US sanctions against Russia.
- 01/10/2025
|
BP to Help ONGC Boost Mumbai High Oil Production by 60%
- BP looks forward to leveraging its extensive experience in performance optimization and recovery to help increase the output from Mumbai High oil field.
- 01/09/2025
|
Dividend Harvesting Portfolio Week 201: $20,100 Allocated, $1,932.03 In Projected Dividends
- Dividend Harvesting Portfolio Week 201: $20,100 Allocated, $1,932.03 In Projected Dividends
- 01/09/2025
|
BP brought in as technical adviser on India's biggest oil field
- BP PLC (LSE:BP.) has won a contract to help boost production substantially from the largest oil field in India over the next ten years.
- 01/09/2025
|
BP projects 44% jump in oil output from India's largest field, ONGC says
- Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp on Thursday.
- 01/09/2025
|
India's ONGC engages BP to boost production in largest oil field
- India's top explorer Oil And Natural Gas Corp on Wednesday said energy major BP will act as technical service provider to help boost oil and gas output from the country's largest producing field, off India's west coast.
- 01/08/2025
|
Why BP (BP) Outpaced the Stock Market Today
- In the latest trading session, BP (BP) closed at $31.02, marking a +1.81% move from the previous day.
- 01/06/2025
|
Oil Stays Range Bound In 2025 – Buy These 2 Energy Giants That Pay Huge 6% Dividends Now
- Dividend stocks are a favorite among investors for good reason.
- 01/05/2025
|
Dividend Harvesting Portfolio Week 200: $20,000 Allocated, $1,919.68 In Projected Dividends
- After 200 weeks and $20,000 invested, the Dividend Harvesting Portfolio generates $1,919.68 in forward dividend income with a 23.42% ROI. The portfolio includes 99 positions, with a focus on equities, ETFs, REITs, CEFs, and BDCs, aiming for balanced sector representation. I added Crown Castle this week, a telecom infrastructure giant, boosting the portfolio's stability and future dividend income.
- 01/02/2025
|
BP Begins Gas Output From GTA Project in Senegal & Mauritania
- BP's GTA project in West Africa begins producing gas, marking a milestone for Senegal and Mauritania. LNG deliveries are expected soon.
- 01/02/2025
|
BP (BP) Ascends While Market Falls: Some Facts to Note
- BP (BP) closed the most recent trading day at $29.56, moving +1.62% from the previous trading session.
- 12/31/2024
|
BP and Partners to Develop 450 MW Offshore Wind Project in Japan
- BP and its consortium partners state that the project involves the construction, maintenance and operation of a bottom-fixed offshore wind farm.
- 12/31/2024
|
BP Stock Down 14% This Year, What's Next?
- Despite a 14% decline in its stock price this year, bringing it to approximately $29 per share, we believe BP plc stock (NYSE: BP) has the potential for long-term growth. Although the ongoing geopolitical conflict poses risks that may impact oil and gas prices, the U.S. Energy Information Administration anticipates price stabilization in the coming years.
- 12/31/2024
|
BP (BP) Rises As Market Takes a Dip: Key Facts
- BP (BP) reachead $29.09 at the closing of the latest trading day, reflecting a +0.45% change compared to its last close.
- 12/30/2024
|
BP Resumes Normal Operations at Whiting Refinery After Leak
- BP's Whiting refinery in Indiana resumes normal operations after a liquid pipeline leak. The company ensures that air quality is monitored for contaminants.
- 12/30/2024
|
RBC's Helima Croft gives her 2025 energy playbook under Trump
- Helima Croft, RBC Capital Markets head of commodity strategy, joins 'Squawk on the Street' to discuss her 2025 energy outlook under Trump's administration.
- 12/27/2024
|
Start Off the New Year With 5 Blue Chip Dividend Stocks That Pay 6% and Higher Yields
- Investors love dividend stocks, especially the blue-chip variety because they offer a significant income stream and have massive total return potential.
- 12/27/2024
|
Oil majors like BP, Shell shift focus back to oil and gas, delaying clean energy goals
- Major energy companies in Europe focused on profits from oil and gas business in 2024, pushing back climate commitments, Reuters reported on Thursday. According to the report, the trend is likely to continue in 2025 as well.
- 12/27/2024
|
BP Partners With Seatrium for Kaskida Project in Gulf of Mexico
- BP awards Seatrium an EPC contract for its Kaskida FPU in the Gulf of Mexico, advancing deepwater development with cutting-edge 20K technology.
- 12/26/2024
|
Here's Why BP (BP) Gained But Lagged the Market Today
- BP (BP) concluded the recent trading session at $28.75, signifying a +0.52% move from its prior day's close.
- 12/23/2024
|
BP: A Focus On Shareholder Returns
- BP p.l.c. boasts a strong portfolio, with a 6.4% dividend yield, aggressive share buybacks, and robust production and refining capabilities. BP's financial health is solid, with $6.8 billion in operating cash flow, manageable net debt, and substantial capital expenditures of $16 billion. The company is expanding its LNG production and international assets, with significant projects like the Orange basin and Kaskida unlocking potential growth.
- 12/23/2024
|
BP, Iraq Advance Redevelopment of Kirkuk Oil Fields
- BP and Iraq agree on technical terms to redevelop the Kirkuk oilfields, aiming for a deal by early 2025. The project holds the potential for enhanced oil output and renewable energy integration.
- 12/20/2024
|
BP, Iraq agree on technical terms to redevelop Kirkuk oil fields
- British oil major BP said on Thursday it has reached a deal with the Iraqi government on the technical terms to redevelop the Kirkuk oil and gas fields.
- 12/19/2024
|
My Dividend Stock Portfolio: New November Dividend Record - 97 Holdings With 18 Buys
- In November, I invested $1,400 primarily in Business Development Companies, boosting my yearly dividend income by $148, with a YTD total exceeding $1,400. My portfolio achieved all-time highs, driven by a strong earnings season and a dovish Fed, with BDCs like Goldman Sachs BDC and Blackstone Secured Lending Fund as key picks. November's dividend income hit a record $620, a 20% Y/Y growth, mainly due to ongoing investments into Hercules Capital.
- 12/18/2024
|
BP (BP) Ascends While Market Falls: Some Facts to Note
- The latest trading day saw BP (BP) settling at $29.08, representing a +0.45% change from its previous close.
- 12/17/2024
|
BP and XRG Close Deal to Launch Arcius Energy in Egypt
- BP and ADNOC's XRG launch Arcius Energy to develop gas assets in Egypt, addressing energy demand and supporting economic progress.
- 12/17/2024
|
BP: A Cannibal Stock In The Making?
- BP's underperformance stems from the Deepwater Horizon spill, volatile oil prices, and unprofitable alternative energy investments. Optimism arises from stable oil prices above $70/barrel, BP's strong balance sheet, and manageable Deepwater spill settlements. BP's cash balance point is $40/barrel, allowing surplus cash for dividends and buybacks if oil prices remain high.
- 12/17/2024
|
Here's Why North Sea Should Be on Every Investor's Radar in 2025
- The North Sea energy market, led by Shell, BP and Equinor, is poised for growth in 2025, driven by innovation and market stability.
- 12/16/2024
|
BP, ADNOC's XRG agree Egypt gas JV Arcius Energy
- BP and Abu Dhabi National Oil Company's international investments arm XRG said on Monday they have closed a deal for a new natural gas joint venture in Egypt, as ADNOC expands its efforts to grow abroad.
- 12/16/2024
|
The Zacks Analyst Blog Netflix, BP p.l.c., Constellation Energy, Tucows and Bridger Aerospace Group
- Netflix, BP p.l.c., Constellation Energy, Tucows and Bridger Aerospace Group are included in this Analyst Blog.
- 12/12/2024
|
BP (BP) Advances But Underperforms Market: Key Facts
- In the latest trading session, BP (BP) closed at $30.33, marking a +0.76% move from the previous day.
- 12/11/2024
|
Equinor, BP, TotalEnergies seal investment into Britain's carbon capture projects
- Norway's Equinor alongside partners BP and TotalEnergies , have taken the final investment decision for two of the Britain's first carbon capture and storage projects in northern England, they said on Tuesday.
- 12/10/2024
|
BP Forms $5.8B Offshore Wind Joint Venture With JERA
- BP and JERA merge their offshore wind businesses to form JERA Nex BP, investing $5.8 billion by 2030 to become a major player in renewable energy.
- 12/10/2024
|
BP forms offshore-wind joint venture with JERA, in pullback from renewables
- BP has agreed to spin off its its offshore-wind into a newly formed joint venture with Japan's JERA.
- 12/09/2024
|
BP unveils $5.8bn tie-up to complete offshore wind farms
- BP PLC (LSE:BP.) has unveiled a US$5.8 billion (£4.5 billion) deal with Japan's Jera, which will see the oil giant's paused offshore wind projects finished by the end of the decade.
- 12/09/2024
|
North American Morning Briefing : Global Ad Shares Gain as Omnicom, Interpublic Near Merger Deal
- OPENING CALL Stock futures dipped on Monday as investors awaited inflation data later this week. aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); Wednesday's inflation reading will be the last major economic data point of the year, and it could be crucial ahead of the Federal Reserve's meeting next week. Meanwhile, global advertising stocks rallied as Omnicom and Interpublic neared a long-awaited union that would reshape the industry . Interpublic surged premarket, and shares in European rivals Publicis and WPP rose. South Korean markets came under renewed pressure after the leader of the country's ruling party said embattled president Yoon Suk Yeol would no longer be involved in running the country , in a move aimed at stabilizing state affairs. Investors were also assessing developments in the Middle East, where the Assad family dictatorship collapsed over the weekend. Rebel forces claimed control of Damascus and President Bashar al-Assad fled to Russia. Also this week, central banks in Europe and Canada will meet to decide on interest rates. Premarket Movers Apollo Global Management and Workday, will be added to the S&P 500 in the index's quarterly rebalancing, replacing Qorvo and Amentum Holdings, both of which will move to the S&P Small Cap 600 index. Apollo Global was up 6.1% and Workday rose 10%. Qorvo and Amentum fell. AppLovin fell 5.4% after it wasn't added to the S&P 500. Barron's had reported Friday that AppLovin, Apollo, and Coinbase Global were leading candidates that might be added to the index because they have three of the largest market values of any companies not in the S&P 500. Coinbase declined 1.8%. Super Micro Computer said it has been granted an extension from Nasdaq that gives the server marker until Feb. 25, 2025, to file its latest annual report and that it expects to file by the deadline. Shares rose 9.2% Tesla was up 2.1%. Watch For: Oracle 2Q earnings Today's Headlines/Must Reads: - Tapped-Out Private-Equity Investors Decline New Commitments - New York City's Biggest Office Landlord Offers a Glimpse of the Market's Comeback - Why Tariffs Could Really Pinch Retailers This Time MARKET WRAPS Forex: The dollar edged lower as investors bet on the Fed cutting interest rates further this month, Swissquote Bank said. Friday's nonfarm payrolls data boosted market expectations for the Fed to cut rates by 25 basis points at the December 18 meeting, supporting the case for a softer dollar even as investors seek safe haven assets amid global political turmoil. The euro could fall to $1.0500 in the short-term or even lower after the U.S. inflation data and the ECB policy decision later this week, according to ING. Core inflation might have accelerated in November, bringing into question if the Fed would be right to be cutting interest rates and the ECB is likely to cut rates by 25 basis points on Thursday which might open the door to taking rates below the so-called neutral rate that neither spurs nor slows growth, ING said. Sterling rose after China's pledge for more proactive fiscal stimulus Monex Europe said. The announcement was supporting risk appetite and offering tailwinds to sterling, it said. Energy: Oil rose on greater uncertainty in the Middle East after Syrian President Bashar al-Assad's regime fell. "The geopolitical situation in the Middle East is likely to remain tense in the coming days following the collapse of Syria's government," ANZ Research said. Still, gains are capped by persistent concerns over global demand and an impending glut despite OPEC+'s decision to extend a series of production cuts. The weak demand outlook was also underscored by Saudi Arabia's decision to lower its January prices for crude grades it sells to Asia, its main market. Focus this week will be on China's Central Economic Work Conference, as well as monthly reports from OPEC, the IEA and the EIA. DNB Markets said Saudi Arabia's decision to cut official oil selling prices for Asia underscores weaker demand in the continent. Aramco will sell January loadings of its flagship Arab Light grade to Asian buyers at a premium of $0.90 a barrel to the regional Dubai/Oman benchmark, compared with $1.70 in December. "This is the lowest premium to Dubai since the start of 2021, and at the same time as OPEC has extended its production cuts." Metals: Gold futures rose on geopolitical risk and central bank purchases. The precious metal has gained on safe-haven demand after the Syrian rebels seized Damascus. Israel seized the demilitarized buffer zone between Israel and Syria over the weekend. A softer dollar has further enhanced gold's appeal as a safe-haven. China's central bank also resumed purchases of bullions in November after a six-month pause, which should shore up Chinese investor demand. Gold Chart Comex gold futures' bullish setup is still valid, based on the daily chart, RHB Retail Research said. Friday's price movements have reaffirmed that bears are respecting the immediate support pegged at $2,640. TODAY'S TOP HEADLINES Meet the Small AI Chip Maker Now More Valuable Than Intel Matt Murphy has no interest in running a chip company 10 times the size of his current one. It is the smarter move, and actually the more ambitious one. Murphy, who has served as chief executive officer of Marvell Technology since 2016, has been among the few names floated as potential replacements for the recently ousted Pat Gelsinger at Intel's corner office. That led to the rare sight of a CEO using his own earnings call to deny that he is on the market. Apple Tops the List of Best-Managed Companies of 2024 Technology companies continue to hold most of the top spots in the annual Management Top 250 ranking of America's best-run companies, with Apple unseating Microsoft at No. 1. Rounding out the top four are Nvidia, Microsoft-which came in at No. 1 the previous four years-and Intel. BP, Japan's JERA to Invest Up to $5.8 Billion to Create Offshore Wind JV British energy giant BP and Japanese power-generation company JERA will invest $5.8 billion to create a global offshore wind-energy joint venture. The companies said Monday that the standalone company will have 13 gigawatt of potential net generating capacity. China Adopts Crisis-Era Language as Leaders Signal More Forceful Stimulus BEIJING-China's leaders signaled a more forceful policy approach to shoring up the economy as Beijing braces for trade tensions under the incoming Trump administration, employing language they haven't used since the depths of the global financial crisis. The 24-man Politburo, China's top decision-making body, pledged Monday to implement more proactive fiscal policy and to adopt a "moderately loose" monetary policy next year-the first introduction of such language since 2008. Why Tariffs Could Really Pinch Retailers This Time Many retailers came through relatively unscathed by Donald Trump's tariffs imposed starting in 2018. This time around, though, tariffs have the potential to bite more. Trump has proposed a universal tariff of 10% to 20% on all imports to the U.S. and a 60% or more tariff on goods from China. Somewhat confusingly, Trump has also separately threatened 25% tariffs on goods from Canada and Mexico and an additional 10% tariff on China over immigration and drug issues. Trump Says He Has No Plan to Remove Powell at Fed President-elect Donald Trump said he had no plans to remove Federal Reserve Chair Jerome Powell, whose term ends in May 2026. During an interview on NBC's Meet the Press, Trump fielded a question about whether he planned to replace Powell, who has said he would not leave the job even if asked to do so. "No, I don't think so. I don't see it," Trump answered. U.S. Scrambles to Shape Post-Assad Syria but Has to Overcome Years of Disengagement WASHINGTON-The unexpectedly rapid downfall of President Bashar al-Assad in Syria has turned the country's future from a back-burner issue to a suddenly high-stakes concern for the departing Biden administration-and almost certainly for Donald Trump. U.S. officials are scrambling to assess the intentions of the rebel groups that drove Assad into exile, especially Hayat Tahrir al-Sham, which is expected to play a pivotal role in whatever government emerges in Damascus but which is on the U.S. list of foreign terrorist organizations. Israeli Airstrikes Target Syrian Chemical-Weapons Systems TEL AVIV-Israel said it had struck chemical-weapons caches and other missile and air-defense systems in Syria on Monday, taking advantage of the chaos there to destroy what it sees as dangerous assets that could fall into rebel hands. Since the stunning assault by Syrian rebels that brought down the regime of President Bashar al-Assad over the weekend, Israel said it has taken immediate steps to ensure the protection of its border amid the uncertainty engulfing the country. This includes striking targets across Syria and swiftly seizing a demilitarized buffer zone with Syria as well as adjacent points. Inside Ukraine's Battle for the Skies as Russian Bombardments Hit Records POLTAVA, Ukraine-A team of soldiers sat inside a nondescript red bus with their eyes glued to a bank of screens blinking with yellow dots. The shapes represented Russian drones, missiles and planes cutting into Ukrainian skies. Soldiers from Ukraine's 164th Radiotechnical Brigade were trying to quickly identify targets and intercept them before they could sow destruction in towns and cities. Write to clare.kinloch@wsj.com TODAY IN CANADA Earnings: VersaBank 4Q Economic Calendar (ET): Nothing major scheduled Stocks to Watch: (MORE TO FOLLOW) Dow Jones Newswires 12-09-24 0634ET
- 12/09/2024
|
BP, JERA form JV combining offshore wind operations
- BP and Japanese power generator JERA said on Monday they have agreed to form a standalone joint venture combining their offshore wind operations.
- 12/09/2024
|
After a 19% fall year-to-date, is it time to buy BP?
- UBS analysts believe now is the time to invest in BP PLC (LSE:BP.), highlighting the stock's undervalued position and potential for recovery.
- 12/06/2024
|
Exclusive: BP seeks buyers for US natural gas pipeline system stake, sources say
- BP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said.
- 12/06/2024
|
My Favorite Dividend Stock For 2025 Has 25%+ Upside
- It's a tradition unlike any other! Move over, Masters.
- 12/05/2024
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 12/05/2024
|
Wood Group leaps on expansion of BP engineering contracts
- Shares in John Wood Group PLC (LSE:WG.) surged 10% higher to 71.5p after it won three contracts to provide engineering and deliver capital projects for BP PLC (LSE:BP.
- 12/05/2024
|
Cheniere's FERC Nod & APA's Partnership Lead Oil & Gas Stock Roundup
- LNG, APA, EQT, XOM and BP emerge as the energy headline makers during the week.
- 12/04/2024
|
Bangladesh's new LNG purchase policy draws Shell, BP, Glencore and Aramco
- Shell , BP , Aramco and Glencore are among nearly two dozen firms Bangladesh has approved as suppliers of spot liquefied natural gas (LNG) as it seeks to boost competition and cut costs, the country's top energy official told Reuters.
- 12/04/2024
|
LNG Shipping Stocks: An Uncertain Future Amid Spot Rate Pressures
- The LNG shipping sector faces challenges with declining UPI TCE rates and pressured spot rates, exacerbated by rising gas prices and market uncertainties. Tankers are being diverted to Europe and potentially used for floating storage, which may stabilize or reverse spot rate declines. Key players like Tsakos Energy Navigation and Flex LNG experienced significant losses, while New Fortress Energy and Awilco LNG saw gains, indicating a mixed industry outlook.
- 12/03/2024
|
Reasons Why Hold Strategy is Apt for BP Stock Right Now
- BP has a strong presence in refining and marketing spaces, providing support during business turmoil and low oil prices.
- 11/29/2024
|
BP Advances Cypre Gas Project in Trinidad, First Gas Set for 2025
- BP is advancing its Cypre gas project in Trinidad, targeting a 2025 launch to address declining production and enhance energy security.
- 11/28/2024
|
BP: Attractive Investment Setup
- BP shares are undervalued, presenting an attractive risk profile, especially for dividend investors. The energy firm remained, despite a Q/Q drop in liquid price realizations, highly profitable. BP's stock buybacks are a key reason for my bullish view of the company. Buybacks especially make sense when the share price has declined, which is the case for BP.
- 11/26/2024
|
BP: A Buy At The Lows
- BP p.l.c. is undervalued with a low enterprise value to EBITDA multiple of 3.1, offering a high dividend yield of 6.2%. The new $7 billion gas project in Indonesia, featuring carbon capture technology, highlights BP's strategic investments in both traditional and innovative energy assets. Despite higher debt levels, BP's net debt to EBITDA ratio is very manageable at 0.6, ensuring financial stability.
- 11/25/2024
|
The Gold Standard Oil And Gas Companies
- ESG as a theme is probably a fad, yet some aspects of it are useful as risk assessment tools. A big risk for oil and gas stocks is methane emissions, and until now, it has not been easy to assess this. The Oil & Gas Methane Partnership 2.0 is the United Nations Environment Programme's flagship oil and gas reporting and mitigation programme.
- 11/25/2024
|
Former BP boss Looney to chair US data company Prometheus Hyperscale
- Oil major BP's former CEO Bernard Looney is set to chair Prometheus Hyperscale, the U.S.-based data company said on Sunday.
- 11/24/2024
|
Former BP Chief Joins A.I. Data Center Developer
- Bernard Looney will join Prometheus Hyperscale, a Wyoming start-up, to help it address the enormous energy needs of the artificial intelligence industry.
- 11/24/2024
|
World War 3 May Be Back On – Grab These Strong Buy High-Yield Integrated Oil Giants Now
- Over the years, the energy trade has often been considered an old-school relic.
- 11/23/2024
|
BP Invests $7B in Indonesia Gas With First Carbon Capture Tech
- BP approves a $7B investment in Indonesia's Tangguh project, featuring its first-ever carbon capture, utilization, and storage technology while aligning energy expansion with sustainability goals.
- 11/22/2024
|
BP approves expansion of West Papua LNG project at meeting with Indonesia's new president
- The British oil giant approved plans to expand the facility in the troubled Indonesian province of West Papua at a meeting with President Prabowo Subianto.
- 11/22/2024
|
BP and partners to invest $7 billion in carbon capture project in Indonesia's Papua
- BP and partners said they would invest $7 billion in a carbon capture project and gas field development in Indonesia's easternmost Papua region that could unlock 3 trillion cubic feet of additional gas resources.
- 11/21/2024
|
Investors Heavily Search BP p.l.c. (BP): Here is What You Need to Know
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 11/21/2024
|
BP Wins Exploration Rights for Shallow Water Block Offshore Trinidad
- BP's new agreement with Trinidad and Tobago is the second deal aimed at increasing the country's natural gas output.
- 11/20/2024
|
My Dividend Stock Portfolio: New October Dividend Record - 100 Holdings With 15 Buys
- Investment activity in October focused on Business Development Companies, with $1,300 added to the market. Adjusted dividend income in October of $789, up 25% Y/Y and up 11% sequentially. Main picks included Blackstone Secured Lending, Goldman Sachs BDC, and Midcap Financial Investment Corporation.
- 11/20/2024
|
BP's Whiting refinery in Indiana delays return to service, sources say
- The return to service of BP's Whiting, Indiana refinery has been delayed, industry sources said.
- 11/19/2024
|
Green Stock News for November 18th, 2024: $WCN $CTVA $BP $ENPH $GOEV
- Welcome to the green stock news brief for Monday, November 18th. Here are today's top headlines: AMP Robotics has partnered with Waste Connections (NYSE: WCN) to equip and operate a next-generation recycling facility in Commerce City, Colorado, set to open in 2026.
- 11/18/2024
|
Corteva Announces Intent to Partner with bp to Develop Low Carbon Intensity Bio-Feedstock for Aviation Fuel Production
- INDIANAPOLIS , Nov. 18, 2024 /PRNewswire/ -- Corteva Inc. (NYSE: CTVA) announced today a collaboration with bp (NYSE: BP, LSE: BP.L) on the companies' shared intent to form a crop-based biofuel feedstock joint venture (JV). The JV envisaged by Corteva and bp would produce and deliver crop-based biofuel feedstocks to help meet the anticipated growth in demand for 'sustainable aviation fuel' (SAF).
- 11/18/2024
|
4 Integrated Energy Stocks to Watch Amid Industry Challenges
- Rising demand for renewable energy is adding uncertainty to the prospects of the Zacks Oil and Gas Integrated International industry's outlook. XOM, SHEL, BP & E will probably overcome market challenges.
- 11/15/2024
|
TotalEnergies, BP, Equinor and Shell commit $500 mln to boost energy access
- Leading energy companies TotalEnergies , BP , Shell and Equinor announced a $500-million joint investment commitment, aimed at increasing people's access to sustainable modern energy sources.
- 11/15/2024
|
If One Is Betting On Higher Oil Prices, BP Is Not The Company To Bet On
- BP's transition to a green, renewable business model has led to a significant decline in oil production and financial performance. The pivot back into oil will not succeed. BP's 2024 profits plummeted from $14.9 billion to $2.34 billion, with revenues down 9% and net debt increasing by $2 billion. BP's oil output has been declining by about 10% annually since 2017, with only 3.75 billion barrels in proven reserves remaining, which will make it hard to increase production.
- 11/14/2024
|
BP's JV With EnBW to Remain Unaffected Amid Renewables Scale-Down
- The joint venture between BP plc and EnBW is advancing with its projects, and the JV's operations remain unaffected by BP's decision to scale down on renewables.
- 11/13/2024
|
BP Stock: Out Of The Doghouse (Rating Upgrade)
- BP p.l.c.'s recent management changes and strategic moves, including the Travel Centers of America acquisition, signal a renewed focus on profitable capital projects, making the stock a potential buy. The company's strong presence in the Gulf of Mexico and strategic stakes in global projects like ADNOC and Shah Deniz bolster its upstream portfolio. Despite skepticism about renewables, BP's ventures in solar, biogas, and EV charging show promise, with significant growth potential in these areas.
- 11/12/2024
|
High Yield Oil And Gas Ranked By Relative Quality
- With oil near its one-year low and natural gas near its five-year low, oil and gas producers are on sale; with offering yields over 4%. Thirty-nine energy producers were evaluated by means of a multi-factor relative value matrix and ranked from most to least favorable. Based on this evaluation, EQNR, VRN, MGYOY, PCCYF, and CHRD appear to be the best prospects.
- 11/10/2024
|
British Energy Majors May Lean More On Oil And Gas To Boost Profits
- A rather unsubtle change is afoot at the world's two British oil majors - BP (LON: BP) and Shell (LON: SHEL). Having pledged and burnt millions on renewable energy moves under their former bosses, both are now turning to traditional oil and gas plays to earn back more than few millions under current ones.
- 11/08/2024
|
Poland's BNP Paribas BP Q3 profit rises 43%, beating expectations
- Poland's BNP Paribas BP posted a higher-than-expected 43% jump in third-quarter net profit on Friday, supported by strong core revenues and lower provisions for legal risks associated with Swiss franc mortgages.
- 11/08/2024
|
Oil giant BP is killing 18 hydrogen projects, chilling the nascent industry
- Tucked inside a 32-page earnings report, oil and gas giant BP revealed it was killing 18 early-stage hydrogen projects, a move that could have a chilling effect on the nascent hydrogen industry.
- 11/05/2024
|
BP plans to sell all of its Dutch petrol stations
- BP plans to sell all 310 of its petrol stations in the Netherlands, a spokesman for the British oil and gas company said on Tuesday, confirming a report in Dutch newspaper AD.
- 11/05/2024
|
Mideast tensions top risk facing energy markets, says BP CEO
- Tension in the Middle East is the top risk facing energy markets, BP CEO Murray Auchincloss told an industry event in Abu Dhabi.
- 11/04/2024
|
World War 3 on Hold for Now: Grab 5 Ultra-High-Yield Dividend Energy Giants Fast
- 24/7 Wall St. Insights Spot oil dropped almost 7% after Israel did not target Iranian oil.
- 11/01/2024
|
4 Things BP Can Do To Convince Investors They Are An Oil Company Again
- BP is taking the right steps to act like an oil company again, but more work is needed. Until investors see plans for volume growth, improved returns, and better capital allocation, they may continue to punish the stock. The shares are a Hold, at least until the company's strategy update in February gives us more information.
- 10/31/2024
|
BP Faces Price Forecast Cuts As Analysts Flag Weak Earnings And Rising Debt Challenges
- Analysts cut the price target on BP p.l.c. BP following the company's third quarter results reported on Tuesday.
- 10/30/2024
|
BP has the ability to return $1.3bn a quarter, according to US bank
- Jefferies reaffirmed its price target for BP PLC (LSE:BP.) at £5.40 (a 42% premium to the current share price), citing its commitment to balancing shareholder returns against financial prudence.
- 10/30/2024
|
BP p.l.c. (BP) Q3 2024 Earnings Conference Call Transcript
- Start Time: 09:00 January 1, 0000 10:09 AM ET BP p.l.c. (NYSE:BP ) Q3 2024 Earnings Conference Call October 29, 2024, 09:00 AM ET Company Participants Murray Auchincloss - CEO Kate Thomson - CFO Craig Marshall - SVP and Head, IR Conference Call Participants Josh Stone - UBS Giacomo Romeo - Jefferies Irene Himona - Bernstein Biraj Borkhataria - RBC Doug Leggate - Wolfe Lydia Rainforth - Barclays Peter Low - Redburn Roger Read - Wells Fargo Chris Kuplent - Bank of America Ryan Todd - Piper Alastair Syme - Citi Kim Fustier - HSBC Martijn Rats - Morgan Stanley Matt Lofting - JPMorgan Paul Cheng - Scotia Bertrand Hodee - Kepler Craig Marshall Thank you everyone for joining BP's Third Quarter 2024 Results Call.
- 10/29/2024
|
BP's Q3 Earnings Top Estimates Over Higher Liquids Production
- BP's Q3 earnings gain on increased liquids production volumes. However, revenues witness a year-over-year decline due to weaker refining margins.
- 10/29/2024
|
BP update and buy back slowdown hints underwhelm
- BP PLC (LSE:BP.) scraped past forecasts in its third quarter, notes Jefferies with a comment that it will review the scope for buybacks reflecting the underwhelming tone of the statement.
- 10/29/2024
|
Refining margins dismal as China weighs on oil demand, BP CEO says
- Global refining margins are dismal as global oil demand growth remains below average due to sluggish economic activity in China, BP CEO Murray Auchincloss said on Tuesday.
- 10/29/2024
|
BP Profit Plummets on Lower Refining Margins, Oil Trading
- BP (BP) on Tuesday posted third-quarter profit that fell well short of analysts' forecasts, dragged by weaker refining margins and oil trading.
- 10/29/2024
|
Oil Market Volatility Sees BP Post Lowest Quarterly Profits In 4 Years
- Oil and gas giant BP (LON: BP) has unveiled its lowest quarterly profits since Q4 2020, when the industry's performance took a nosedive during the Covid-19 global pandemic.
- 10/29/2024
|
BP Stock Is Falling After Earnings Beat. Here's Why.
- Rival oil majors Exxon, Chevron, and Shell report later this week.
- 10/29/2024
|
BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19
- BP's profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasoline
- 10/29/2024
|
BP's weakest earnings in years: should investors buy the stock amid lower oil prices?
- British oil major BP recently reported its weakest quarterly earnings since the pandemic-driven downturn of 2020, driven by slumping crude prices and slimmer refining margins. Despite a dip in earnings, the company's underlying replacement cost profit of $2.3 billion still surpassed analyst expectations, which stood at $2.1 billion.
- 10/29/2024
|
BP profits fall as CEO says focus on 'value over volume' in oil and gas
- BP PLC (LSE:BP.) reported lower profit and cash flow from a year ago and said its plan for the next decade is to grow its core oil & gas business “with a focus on value over volume” while being more selective about its clean-energy projects.
- 10/29/2024
|
BP third quarter profit slumps to $2.3 bln as oil demand sags
- BP on Tuesday reported higher-than-expected third quarter profits of $2.3 billion, their lowest in almost four years, weighed down by a drop in refining profits and weaker oil trading.
- 10/29/2024
|
British oil giant BP posts $2.3 billion in third-quarter profit, beating expectations
- British oil giant BP posts $2.3 billion in third-quarter profit, beating expectations
- 10/29/2024
|
BP, HSBC, Google, McDonald's line up on big Tuesday
- Tuesday brings updates from HSBC and BP, after the former signalled a split of its Asian and UK businesses recently.
- 10/28/2024
|
Italy's Eni and BP resume onshore drilling in Libya after 10-year hiatus, NOC says
- Italian energy company Eni and British oil giant BP have resumed exploration in Libya after onshore drilling was halted in 2014, Libya's national oil corporation (NOC) said on Saturday.
- 10/26/2024
|
Renewable Energy Pullback By BP Continues To Gather Pace
- The pullback by energy giant BP from renewables and a renewed focus on high margin mainstay oil and gas plays has been relentless this year under its current CEO Murray Auchincloss who was appointed in January.
- 10/26/2024
|
BP (BP) Stock Slides as Market Rises: Facts to Know Before You Trade
- In the latest trading session, BP (BP) closed at $31.30, marking a -0.03% move from the previous day.
- 10/24/2024
|
BP completes takeover of solar power JV Lightsource BP
- British oil giant BP said on Thursday it has taken full ownership of Lightsource BP, after closing the previously announced buyout of the remaining equity in the solar developer.
- 10/24/2024
|
BP Signs New Agreement to Drive Cutting-Edge Subsea Solutions
- BP partners with Subsea Integration Alliance to create a platform for more effective utilization of their expertise in subsea projects across a range of future projects.
- 10/24/2024
|
Is Trending Stock BP p.l.c. (BP) a Buy Now?
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 10/24/2024
|
BP update may clear up green strategy posers
- BP PLC (LSE:BP.) recently said that third-quarter production would be broadly flat compared to the previous three months, so next week's update will be about the impact of the recent drop in crude price.
- 10/24/2024
|
Key Factors to Consider Before BP's Q3 Earnings Announcement
- Lower commodity prices and production are likely to have hurt BP's bottom line in Q3.
- 10/23/2024
|
My Dividend Stock Portfolio: New September Dividend Record - 100 Holdings With 12 Buys
- September's investment activity was minimal, with $1,000 invested mainly in Business Development Companies, while I traveled through Hungary, Albania, and Oman. Traveling highlighted the benefits of lower living costs abroad, reinforcing the idea that financial independence is about where and how you live. My September dividend income hit a record $1,141, driven by Ares Capital and MidCap Financial, with a focus on high-yield BDCs.
- 10/23/2024
|
BP's head of LNG trading to leave at year-end
- BP's head of liquefied natural gas (LNG) trading, Jonty Shepard, will be leaving the company at the end of the year.
- 10/22/2024
|
BP: Finally We See A Catalyst
- According to Reuters, BP's management has abandoned its previous target to reduce production, now aiming to "reset" its strategy in favor of more oil & gas. Essentially following Shell's playbook, we believe the upcoming 2025 strategy update could be a material catalyst for shares. We lower our PT to $42/sh on a likely weaker Q3, yet remain overweight with shares offering ~14% in dividends + buybacks while trading at a best-in-class ~15% FCF yield.
- 10/20/2024
|
BP (BP) Increases Yet Falls Behind Market: What Investors Need to Know
- In the most recent trading session, BP (BP) closed at $31.33, indicating a +0.03% shift from the previous trading day.
- 10/18/2024
|
BP Plans to Divest Offshore Wind Stakes, Cut Back on Renewables
- BP remains focused on developing offshore wind projects. However, the company will prioritize its high-margin businesses rather than aggressively reducing emissions.
- 10/18/2024
|
BP reportedly mulling offshore wind stake sale
- BP PLC (LSE:BP.) is reportedly considering selling a minority stake in its offshore wind business under efforts to further scale back renewable energy operations.
- 10/18/2024
|
Exclusive: BP weighs sale of minority stake in offshore wind business, sources say
- BP is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables.
- 10/17/2024
|
BP Faces Headwinds Over Weaker Refining Margins & Sluggish Oil Demand
- BP's third-quarter refining margins are expected to drop $400-$600 million sequentially. The company also anticipates higher net debt in the quarter.
- 10/16/2024
|
LNG Shipping Stocks: Cautiously Optimistic For Growth Ahead
- UPI index declined by 0.89% last week, while the S&P 500 gained 1.11%, highlighting a challenging period for LNG shipping stocks. Despite the lack of significant news, long-term contracts averaging $84,000 per day remain a strong point for UPI companies compared to spot rates. Excelerate Energy led gains with a 2.1% rise, while New Fortress Energy saw the largest decline at 7.2%, indicating mixed performance among constituents.
- 10/14/2024
|
Activist Investor Doubles Down on Calls for Executive Changes at BP
- U.K. activist investor Bluebell Capital Partners is pushing BP to remove its chairman and lead independent director.
- 10/14/2024
|
BP (BP) Stock Drops Despite Market Gains: Important Facts to Note
- In the latest trading session, BP (BP) closed at $32.11, marking a -0.71% move from the previous day.
- 10/11/2024
|
Kosmos Energy Loses Arbitration Against BP Over the GTA LNG Project
- A ruling by a Paris-based arbitrator prevents KOS from selling the LNG produced from the GTA LNG project to third parties. BP is the operator of the GTA project.
- 10/11/2024
|
Exxon, Chevron Earnings Face This Risk After BP Profit Warning
- The broader problem is weak demand for refined products such as gasoline and jet fuel amid an economic slump in China, as well as increased supply from new refineries in Asia and the Middle East.
- 10/11/2024
|
BP says lower refining margins will hit profits by up to $600 million
- BP said it expects the global slump in refining margins will see it take a $400 million to $600 million hit to its profits after Shell made a similar warning this week
- 10/11/2024
|
BP refining margins drop sharply as oil price weakens
- BP PLC (LSE:BP.) has warned that weak refining margins and lower oil prices have affected its third-quarter numbers.
- 10/11/2024
|
BP says weak refining margins to hit Q3 profit
- BP said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous three months.
- 10/11/2024
|
Bullish On Oil? Check Out These 5 Energy Dividends
- If you're reading this, I assume you are already bullish on oil. Or at least intrigued by the upside possibility.
- 10/10/2024
|
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
- Recently, Zacks.com users have been paying close attention to BP (BP). This makes it worthwhile to examine what the stock has in store.
- 10/10/2024
|
North Sea regulator sets out blueprint to streamline dealmaking
- The North Sea Transition Authority (NSTA) has unveiled new guidelines aimed at streamlining mergers and acquisitions in the UK's North Sea oil and gas sector, where over 100 deals take place annually. The new blue-print, designed to enhance transparency and efficiency, encourages buyers, sellers, and consenting parties to collaborate early, reduce delays, and ensure transactions run smoothly.
- 10/09/2024
|
Should I 'buy' Shell or BP? Here's what a leading investment bank has to say
- Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC face mixed forecasts as they prepare for third-quarter reports, according to JP Morgan's latest research on the oil and gas sector. Both companies are expected to see lower profits in the upcoming quarter, though Shell's outlook is seen as more stable than BP's, reinforcing its position as a preferred investment.
- 10/09/2024
|
Last Call as Oil Heads Back to $80: Investors Are Buying 5% High-Yield Dividend Giants
- 24/7 Wall St. Insights After a solid start to 2024, the energy sector is up less than 5%.
- 10/08/2024
|
Arbitration rules in favour of BP as sole buyer of Kosmos Energy's Senegal LNG project
- Kosmos Energy said on Tuesday a Paris-based arbitrator has ruled in favour of BP , prohibiting Kosmos from selling to third parties liquefied natural gas from the Greater Tortue (GTA) project offshore Senegal and Mauritania.
- 10/08/2024
|
BP Ditches 2030 Oil Output Cut in Shift Back to Hydrocarbons
- BP abandons its ambitious target to reduce oil and gas production by 2030, refocusing on boosting hydrocarbon output and shareholder returns, while maintaining its 2050 net-zero goal.
- 10/08/2024
|
Aggressive windfall taxes pose risk to UK energy security, says Stifel
- An aggressive increase in windfall taxes could cause a too-rapid decline in UK gas production and could threaten up to 100,000 jobs, Stifel analysts have warned. Stifel's comments came in a research piece analysing the potential impact of Labour chancellor Rachel Reeves increasing the rate of windfall taxes in the upcoming October Budget.
- 10/08/2024
|
Why BP's Elimination Of 2030 Oil Reduction Target Is No Real Surprise
- British oil giant BP advanced efforts to adjust its business plans to make itself more competitive with peer companies Monday, announcing it will abandon a goal of reducing its equity oil production by 2030. Originally set in 2020 at a 40% reduction by former CEO Bernard Looney, current BP management led by CEO Murray Auchincloss had reduced the goal in January to a 25% target.
- 10/08/2024
|
Of course BP scrapped their ‘silly' oil cuts: Steve Milloy
- Junkscience.com editor and publisher Steve Milloy discusses how BP abandoned their plans to cut oil and gas output by 2030 amid investor pressure on ‘The Bottom Line.'
- 10/08/2024
|
BP ‘abandoning plan to cut oil output' angers green groups
- Reports of strategy reset leave campaigners saying company is prioritising profits over planet
- 10/07/2024
|
Analysts identify attractively priced oil levered companies amid Middle East tensions
- Amid geopolitical tensions in the Middle East, Jefferies analysts have highlighted oil levered companies that have underperformed, and therefore are attractively priced. In recent developments, Iran launched an estimated 181 ballistic missiles at Israel last Tuesday, prompting speculation about the potential consequences, with expectations that Israel will respond.
- 10/07/2024
|
BP Adjusts Strategy, Drops 2030 Oil and Gas Reduction Target
- BP has decided to abandon its goal of reducing oil and gas production by 2030, as the company shifts its focus. BP's CEO, Murray Auchincloss, is working on revamping the company's energy transition strategy to rebuild investor confidence.
- 10/07/2024
|
BP Abandoning Oil, Gas Output Cut Target, Report Says
- BP (BP) reportedly has given up on its goal to cut oil and gas output by 2030, as the British energy giant's chief executive seeks to build back investor confidence in the company.
- 10/07/2024
|
bp Introduces earnify™App: Enhancing the Fuel and Convenience Store Experience
- earnify™ aims to simplify and reward fueling and shopping by integrating an intuitive loyalty program and a streamlined user experience. Exclusive introductory offer includes double points for the first 90 days and 250 welcome points after registration.
- 10/07/2024
|
BP shifts gears, scales back renewables to regain investor trust: report
- BP has scrapped its commitment to cut oil and gas production as CEO Murray Auchincloss shifts the focus back to traditional energy sources in response to investor demands for improved returns, according to a report by Reuters.
- 10/07/2024
|
BP to abandon target to reduce oil and gas production
- BP PLC (LSE:BP.) chief executive Murray Auchincloss will unveil a refined strategy early next year that will no longer include a target to cut oil and gas output by 2030.
- 10/07/2024
|
Exclusive: BP drops oil output target in strategy reset, sources say
- BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.
- 10/07/2024
|
Government firms up £22bn support for carbon capture sector
- Britain's carbon capture and storage sector will get just under £22 billion worth of support from the government. Chancellor Rachel Reeves firmed up the plans overnight ahead of a visit to the northeast alongside prime minister Keir Starmer and energy secretary Ed Miliband on Friday, Following reports of the move earlier this week.
- 10/04/2024
|
Carbon capture sector set for £22bn backing from government
- Britain's government is reportedly gearing up to unveil £22 billion worth of backing for the carbon capture and storage sector on Friday. Two so-called carbon capture clusters will be granted funding by the government under the plan, according to the Financial Times.
- 10/03/2024
|
Dividend Harvesting Portfolio Week 187: $18,700 Allocated, $1,744.63 In Projected Dividends
- The Dividend Harvesting Portfolio reached an all-time high, up 24.24% on invested capital, generating $1,744.63 in forward dividend income with a 7.51% yield. I added to positions in Ford and BP, viewing them as undervalued with strong future potential due to favorable macroeconomic conditions. The portfolio's diversification aims to mitigate downside risk, with a focus on dividend-paying equities and funds, maintaining sector thresholds to balance risk.
- 10/03/2024
|
Wellvii™ and B-Secur Announce Strategic Partnership to Integrate Single-Lead ECG into BP Go, Creating the Most Compact At-Home BP/ECG Combination Device
- PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--Wellvii Inc., creators of the FDA-cleared blood pressure from the finger that replaces the traditional NIBP arm cuff, today announced a strategic partnership with B-Secur, a leader in advanced biosensing technology. This collaboration brings B-Secur's cutting-edge single-lead ECG into Wellvii's BP Go, revolutionizing the at-home blood pressure and heart health monitoring market. The BP Go Rhythm BP/ECG device will offer more convenience, comfort, and p.
- 10/02/2024
|
Bunge Global Completes Sale of Its 50% Stake in BP Bunge Bioenergia
- BG completes the sale of its 50% interest in the sugar and bioenergy joint venture to its partner, BP, as it was not core to its long-term strategy.
- 10/02/2024
|
BP and Shell to benefit short-term top picks for leading American investment bank
- Citi has identified BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) as its top short-term picks in the oil sector, citing the potential for a rebound driven by rising demand, particularly from China's economic stimulus.
- 10/02/2024
|
Big oil's big payouts under strain as energy prices fall
- Major energy companies are set to borrow billions to maintain shareholder payouts or cut the rate of share repurchases in the face of a drop in oil prices after more than two years of bumper profits, analysts said.
- 10/01/2024
|
BP (BP) Stock Dips While Market Gains: Key Facts
- BP (BP) closed at $31.39 in the latest trading session, marking a -0.1% move from the prior day.
- 09/30/2024
|
BP Is A European Oil Company With Strong Return Potential
- BP has a market cap over $80 billion, strong EBITDA, and a nearly 6% dividend yield, showcasing robust shareholder returns. The company plans to grow EBITDA by 6% with new projects and LNG expansion, supported by manageable debt and double-digit FCF yield. BP's Gulf of Mexico operations highlight its impressive reserves and production capabilities, with significant investments in growth projects like Kaskida FID.
- 09/30/2024
|
BP: 5.7% Dividend, Buybacks, And A Mid-Single Digit P/E Signal Value
- BP is undervalued compared to its peers, trading at less than 8 times 2024 earnings with a 5.7% dividend yield. BP's strong cash position, share buybacks, and dividend increases make it an attractive investment for income and capital appreciation. Economic growth and lower interest rates are expected to boost energy demand, benefiting BP's profitability and market position.
- 09/30/2024
|
30% Gains Left For BP Stock?
- With the stock down 7% so far this year, at the current price of around $32 per share, we believe BP plc stock (NYSE: BP), a European integrated energy major, could go higher in the long term. BP's underlying replacement cost profit (used as a proxy for net profit) was up 4% year-over-year (y-o-y) to $2.8 billion in Q2 2024.
- 09/27/2024
|
BP Eyes Growth in India, Holds Board Meeting to Explore Options
- BP seeks to expand its footprint in India, focusing on its partnership with Reliance and leveraging its expertise to support the country's energy transition and sustainability goals.
- 09/26/2024
|
Oil majors BP and Shell spooked by fuel price outlook
- A combination of low fuel pump prices and a dip in Brent crude oil forecasts is weighing on big-cap oil stocks this Thursday. BP plc is currently the biggest faller on the FTSE 100, having shed 4.3% from its share price, while Shell PLC (LSE:SHEL, NYSE:SHEL) is currently off 3.7%.
- 09/26/2024
|
My Dividend Stock Portfolio: New August Dividend Record - 101 Holdings With 17 Buys
- Investment activity remained high in August, focusing on BDCs aiming to increase dividend income by at least $100 each month. Main portfolio picks included Ares Capital, Hercules Capital and Goldman Sachs BDC. Adjusted dividend income hit an all-time high in August, up 19% Y/Y.
- 09/25/2024
|
BP scouts for opportunities in India, to hold board meeting
- Global energy major BP said on Wednesday it is holding a board meeting in India this week, as it scouts for more opportunities in the country.
- 09/25/2024
|
Opec forecasts continued growth in energy demand, except for coal
- Oil producers cartel OPEC+ sees global energy demand increasing 24% in the next two and a half decades as a slight drop in power needs of developed countries is offset by a huge swell in usage from India and other non-OECD countries. Oil demand is predicted to grow 9% in that period, reaching roughly 120.1 million barrels a day by 2050, up from around 110 million barrels a day last year.
- 09/25/2024
|
BP (BP) Stock Slides as Market Rises: Facts to Know Before You Trade
- BP (BP) reachead $32.83 at the closing of the latest trading day, reflecting a -0.09% change compared to its last close.
- 09/24/2024
|
BP Stock on the Rise Since Sale of bp Pipelines TAP Stake
- BP partners with APO to grant a non-controlling shareholding in bp Pipelines TAP while retaining control over the strategic asset.
- 09/24/2024
|
This BP Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday
- Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
- 09/24/2024
|
Shell buybacks more secure than BP if oil price weakens, suggests US bank
- Shell PLC (LSE:SHEL, NYSE:SHEL) looks a more resilient bet than BP PLC (LSE:BP.) if the crude price remains at around US$70 a barrel, suggests US bank JP Morgan.
- 09/24/2024
|
BP (BP) Exceeds Market Returns: Some Facts to Consider
- BP (BP) reachead $32.86 at the closing of the latest trading day, reflecting a +0.67% change compared to its last close.
- 09/23/2024
|
Ex BP CEO on Why Russia Sanctions Are Increasing Risks of Oil Spill
- John Browne ran BP for more than a decade, overseeing a period of mergers and expansion to become one of the world's most prominent chief executives. Speaking on Bloomberg's Leaders With Lacqua Goes Green, he reveals why sanctions against Russian oil aren't effective and how the risks of an oil spill have increased.
- 09/22/2024
|
Ex-BP Boss on ESG: Anti-Woke Backlash Is Throwing Out Baby With Bathwater
- Former BP CEO John Browne was lauded as the 'Sun King' of the oil industry and one of the most celebrated British business leaders of his generation. Speaking on Bloomberg's Leaders With Lacqua Goes Green, he discusses his approach to ESG and why he believes society is going backwards in terms of acceptance.
- 09/21/2024
|
BP's Castellon Refinery to Implement 25MW Green Hydrogen System
- BP and Iberdrola's Castellon refinery team with Plug Power to install 25 MW of green hydrogen electrolyzers, reducing emissions by 23,000 tons annually in a step toward cleaner energy.
- 09/19/2024
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 09/19/2024
|
Fed has 'nothing to lose' with 50 bp cut, says Wolfe Research's Stephanie Roth
- Stephanie Roth, chief economist at Wolfe Research, and CNBC's Steve Liesman join 'The Exchange' to discuss expectations for the Fed, why credit card data may be understating consumer spending, and more.
- 09/17/2024
|
BP Plans to Sell U.S. Onshore Wind Division Amid Strategic Shift
- BP plans to sell its U.S. onshore wind energy assets, shifting focus to solar energy with the goal of streamlining its renewable energy portfolio.
- 09/17/2024
|
BP To Divest Wind Unit In Effort To Enhance Competitiveness
- British oil giant bp said Monday it plans to divest its suite of US onshore wind operations as part of its ongoing effort to simplify its business operations and become more competitive with peer companies like ExxonMobil and Chevron going forward. The company said in a release that it plans to sell all of its US projects as a single unit, adding it expects its entire wind-related workforce would move to the buyer along with the assets.
- 09/17/2024
|
Gold (XAU) Price Forecast: Market Bets on 50-bp Cut – What's Next for Gold?
- A 50-bp Fed rate cut could drive gold above $2,600, but a 25-bp cut may trigger a sell-off. Central bank demand and ETFs keep long-term gold outlook bullish.
- 09/17/2024
|
BP cashes out stake in Adriatic pipeline and US wind farms
- BP PLC (LSE:BP.) has sold a 20% stake in its trans-Adriatic pipeline business to private equity group Apollo and put its US onshore wind energy business up for sale.
- 09/16/2024
|
BP Taps ABS for Key Kaskida FPU Services in the Gulf of Mexico
- BP enlists ABS to provide critical engineering services for its Kaskida FPU, which is set to produce 80,000 barrels of oil per day in the Gulf of Mexico by 2029.
- 09/16/2024
|
BP to sell its U.S. onshore wind business
- BP said on Monday it plans to sell its existing U.S. onshore wind energy business, which has interests in ten operating onshore wind energy assets across seven U.S. states.
- 09/16/2024
|
Apollo reaches $1 bln deal with BP to fund stake in gas link, Bloomberg News reports
- Apollo Global Management has signed a $1 billion deal with BP Plc to fund its stake in the Trans Adriatic natural gas pipeline, Bloomberg News reported on Monday, citing a statement seen by them.
- 09/16/2024
|
Gold (XAU) Price Forecast: Will a Super-Sized 50-bp Fed Rate Cut Push Gold to $2,600?
- Gold prices hit record highs as speculation of a super-sized Fed rate cut drives momentum. Will the upcoming Fed decision push gold to $2,600?
- 09/14/2024
|
BP Launches Green Hydrogen Initiative to Promote Decarbonization
- BP's 25 MW green hydrogen project, in partnership with Iberdrola, is set to be developed through their 50-50 joint venture Castellon Green Hydrogen S.L.
- 09/13/2024
|
Iberdrola, BP to build 25-MW green hydrogen project in Spain
- Spanish renewable power company Iberdrola and Britain's BP said on Thursday they had agreed to build a 25-megawatt green hydrogen plant in Castellon, on Spain's eastern coast.
- 09/12/2024
|
BP (BP) Advances But Underperforms Market: Key Facts
- In the closing of the recent trading day, BP (BP) stood at $31.29, denoting a +0.45% change from the preceding trading day.
- 09/11/2024
|
Dupixent® (dupilumab) Is the First and Only Biologic to Achieve Significant Improvements in Disease Remission and Symptoms in Bullous Pemphigoid (BP) Positive Pivotal Trial
- Trial met the primary and all key secondary endpoints in adults with moderate-to-severe disease; five times more patients achieved sustained disease remission with Dupixent than placebo
- 09/11/2024
|
Palantir Stock Soars After S&P 500 Inclusion, AI Deal With BP Fuels Additional Gains – What's Next?
- Palantir Technologies Inc. PLTR is gearing up for a significant milestone: its inclusion in the S&P 500 index, effective Sept. 23.
- 09/09/2024
|
Palantir and bp Agree to 5-Year Strategic Relationship With New AI Capabilities
- DENVER--(BUSINESS WIRE)--Palantir Technologies Inc. (NYSE:PLTR) and bp (NYSE:BP) have announced an enterprise agreement that will extend their strategic relationship and introduce new artificial intelligence capabilities with Palantir's AIP software. The new contract will build on a decade of deep collaboration that has created a firm foundation for bp's oil and gas production operations, using Palantir's industry-leading software. Since 2014, Palantir software has been deployed widely by bp to.
- 09/09/2024
|
BP Divests Trinidad Assets, Refocuses on Shallow and Deepwater Gas
- BP is divesting four mature gas fields in Trinidad & Tobago to Perenco as part of its strategy to refocus on the region's shallow, deepwater and high-growth opportunities.
- 09/06/2024
|
European Luxury Car Makers and Energy Giants Pay Huge Passive Income Dividends
- 24/7 Wall St. Insights It's been confirmed that the Federal Reserve will start lowering interest rates this month.
- 09/06/2024
|
Shell, BP slip as oil heads for worst week in a year
- Shares in FTSE 100 heavyweights Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) slipped on Friday as oil prices appeared to head towards their largest weekly decline in almost a year.
- 09/06/2024
|
Here's Why BP (BP) Fell More Than Broader Market
- In the latest trading session, BP (BP) closed at $32.41, marking a -1.4% move from the previous day.
- 09/04/2024
|
Why ExxonMobil, ConocoPhillips, and BP Stocks Dropped Today
- Weak demand from China is combining with an expected production increase at OPEC to drive oil prices lower today. When oil prices fall, oil stock prices follow them down.
- 09/03/2024
|
BP exits mature fields in Trinidad and Tobago
- BP PLC (LSE:BP.) has agreed a deal to offload its mature assets in Trinidad and Tobago, though it will retain a presence with a focus on newer shallow water fields.
- 09/03/2024
|
These 3 Energy Stock Dividends Are Dirt Cheap
- AI is in and energy is out. As usual. Which is just dandy for contrarian dividend investors like us.
- 09/02/2024
|
BP to Produce Jet Fuel From Crops and Waste at Cherry Point
- BP's Cherry Point refinery is set to produce jet fuel from crops and waste, backed by a $27 million federal grant, creating jobs and boosting green aviation.
- 09/02/2024
|
BP: 15% Earnings Yield, 5% Dividend, Upside Potential
- BP's Q2'24 results showed strong performance with a 7% year-over-year growth in core earnings, driven by higher petroleum prices. BP is enhancing shareholder value through $3.5B in stock buybacks in the second half of the year and a 10% dividend increase, signaling robust capital returns. Expansion projects in the Gulf of Mexico represent a catalyst for earnings growth and share price revaluation.
- 09/01/2024
|
Conrad And Gue On Top Stocks In Energy And Utilities
- Roger Conrad, editor of Conrad's Utility Investor, and Elliott Gue, editor of Energy & Income Advisor, are experts on utility and energy stocks, respectively. They start by explaining why energy demand should hold up despite concerns about China's economy, and why (and by how much) investment in Artificial Intelligence-related data centers is boosting electricity demand. We also discuss investments designed to increase power grid resiliency, the impact of politics on energy companies, the reasons why the energy transition will take a long time – and how investors can profit from these trends.
- 08/31/2024
|
Here's Why Retain Strategy is Apt for BP Stock Right Now
- BP has a strong presence in refining and marketing spaces, providing support during periods of business turmoil and low oil prices.
- 08/30/2024
|
5 market sectors and 9 stocks to keep on your radar in September
- September is the market's cruelest month — except in presidential election years.
- 08/30/2024
|
BP Awards FEED Contract to Technip Energies for H2Teesside
- BP's H2Teesside project is aimed at producing approximately 1.2 gigawatts (GW) of low-carbon hydrogen. Technip Energies will conduct a FEED study for the project.
- 08/30/2024
|
U.S. Life Coach Insights Report 2024: A $2.75+ Bn Market by 2029 Dominated by Benchmark, BetterUp, BP, Endless Possibilities, Noomii, Pacific Life Coach, Sunny, Thriveworks and Robbins Research
- Dublin, Aug. 29, 2024 (GLOBE NEWSWIRE) -- The "U.S. Life Coach Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering. The U.S. life coach market is expected to reach a value of $2.76 billion by 2029 from $2.07 billion in 2023, growing at a CAGR of 4.95%
- 08/29/2024
|
My Dividend Stock Portfolio: New July Dividend Record - 101 Holdings With 24 Buys
- Investment activity in July focused on Business Development Companies, with $2,000 added to the market. Adjusted dividend income in July of $709, up 19% Y/Y and down 4% sequentially. Main picks included Blackstone Secured Lending, Ares Capital and Owl Rock Capital.
- 08/28/2024
|
Zacks Industry Outlook Chevron, Shell, BP and Eni SpA
- Chevron, Shell, BP and Eni SpA have been highlighted in this Industry Outlook article.
- 08/26/2024
|
Exxon forecasts 2050 oil demand to match today's, 25% above BP estimate
- Exxon Mobil said on Monday it expects crude demand to stay above 100 million barrels per day (bpd) through 2050, similar to today's levels, a forecast 25% higher than top European rival BP.
- 08/26/2024
|
BP: Are Buybacks Really In Danger? No
- Despite the above-consensus Q2 results, BP came under pressure recently as several brokers downgraded shares. Concerns about a lack of distribution resilience seem overblown in our view, with our calculations implying full buyback coverage down to $66 Brent. Even as we acknowledge recent concerns, with shares trading at 17% 24E FCF yield and offering >13% in shareholder distributions, we continue to see BP offering an attractive risk/reward.
- 08/25/2024
|
BP: Getting Really Cheap
- BP plc's shares have declined recently, making the stock even cheaper than before. Despite offering an above-average dividend yield and strong buybacks, strategic shifts introduce uncertainty for some investors. BP trades at a very undemanding valuation right now.
- 08/23/2024
|
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 08/23/2024
|
4 Integrated Energy Stocks to Watch Amid Industry Turbulence
- Weak refining is hurting the Zacks Oil and Gas Integrated International industry's outlook. XOM, SHEL, BP & E will probably overcome market challenges.
- 08/23/2024
|
BP Partners China's Jiaao for Sustainable Aviation Fuel
- BP joins Chinese biofuel firm Jiaao, investing $49.56M for a 15% stake in its sustainable aviation fuel unit, enhancing its green energy portfolio.
- 08/23/2024
|
These 3 Stocks Pay You More Than 5% to Own Them
- Dividend stocks are a valuable addition to any investment portfolio, offering a reliable income stream that can provide stability in both bullish and bearish markets. High dividend yields are particularly attractive, especially when paired with fundamentally sound and potentially undervalued stocks.
- 08/22/2024
|
BP Taps Houston Firms for Gulf of Mexico Production Unit Design
- BP has chosen Audubon and Exmar Offshore to design the topside and hull for its new Gulf of Mexico floating production unit, set to start in 2029.
- 08/22/2024
|
Bert's July Dividend Income Summary (2024)
- In July 2024, we received $1,683.75 in dividend income. We have been buying at least 4 shares of SCHD every single week. I accepted a long time ago that Leggett & Platt's dividend cut was terrible.
- 08/22/2024
|
BP hidden value highlighted by 7 Eleven bid says Citi
- BP PLC (LSE:BP.) could get an unexpected boost to its value from the takeover toing and froing currently underway for Japanese owned-7 Eleven owner Seven & I, according to US bank Citi.
- 08/22/2024
|
Poland's top lender PKO BP Q2 profit quadruples on core business, low provisions
- Poland's biggest bank PKO BP said on Thursday second-quarter net profit quadrupled year-on-year, beating market expectations, mainly fuelled by a strong uptick in core business performance, as well as a drop in legal provisions for Swiss franc mortgage loans.
- 08/22/2024
|
Audubon Chosen for FPU Engineering on bp Kaskida Project in the Gulf of Mexico
- HOUSTON--(BUSINESS WIRE)-- #FPU--bp has selected Audubon for engineering the topside of its Kaskida FPU in the Gulf of Mexico.
- 08/20/2024
|
3 Large Cap Energy Stocks Gaining From Automated Drilling
- Automated drilling leads to substantial cost savings. Thus, BP, ExxonMobil (XOM) and SLB are well-poised to gain.
- 08/20/2024
|
BP and Orlen Reach Crude Supply Agreement for Polish Ports
- BP secures a major crude supply deal with Orlen, providing 6 million metric tons of oil from its Norwegian fields. The first deliveries under the agreement are slated to begin in September.
- 08/20/2024
|
BP-Iraq deal on Kirkuk fields to use profit-sharing model
- BP's deal to develop Iraq's Kirkuk oil and gas fields will be based on a profit-sharing model and a final agreement is expected to be reached by the end of this year, Iraqi oil ministry officials said on Tuesday.
- 08/20/2024
|
BP Presses FERC on Venture Global's LNG Plant Startup Delay
- BP tells U.S. regulators that Venture Global's Calcasieu Pass LNG facility does not require more time for its official startup, challenging the developer's delay in fulfilling long-term contracts while gaining from spot sales.
- 08/16/2024
|
Former Fed Vice Chair Clarida: My inclination is 25 bp September cut, but 50 'could be justified'
- Richard Clarida, PIMCO global economic advisor and former Federal Research Vice Chairman, joins 'Squawk Box' to discuss the Fed's inflation fight, what to expect from Fed Chair Powell at next week's Fed summit in Jackson Hole, rate path outlook, and more.
- 08/16/2024
|
BP, Golar LNG Settle Payment Dispute & Expedite FLNG Operations
- BP and Bermuda-based Golar LNG have resolved a payment dispute over the FLNG Gimi, slated to operate at the Greater Tortue Ahmeyim project off Mauritania and Senegal. The agreement is aimed at accelerating the first LNG production, expected in Q4 2024.
- 08/15/2024
|
3 Major Integrated Firms Leading the Energy Transition
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell (SHEL) and Eni (E).
- 08/15/2024
|
BP, Iraq to Rehabilitate Kirkuk Oilfields After Years of Disputes
- BP has signed a preliminary agreement with Iraq to rehabilitate and develop four oil and gas fields in Kirkuk, aiming to stabilize production and reverse decline in the region's crucial oilfields.
- 08/13/2024
|
Poland's BNP Paribas BP Q2 profit jumps 36% on provisions, deferred tax
- Poland's BNP Paribas BP posted a bigger than expected 36% jump in second-quarter net profit on Tuesday, supported by a one-off positive impact from deferred tax, and lower legal provisions related to Swiss franc mortgages.
- 08/13/2024
|
LNG Shipping Stocks: Market Turbulence Affects Shippers With Mixed Results
- UPI experienced a 2.30% decline, closing at 160.97 points, while the S&P 500 remained stable. Global market downturn influenced by Japan's sharp decline, with some stocks like Capital Product Partners and Golar LNG showing resilience. New Fortress Energy suffered the most, but mostly due to internal challenges.
- 08/12/2024
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 08/08/2024
|
BP downgraded on concerns over stock buyback ability
- BP saw a broker downgrade on Thursday after analysts said its stock buyback is less sustainable than rival integrated oil companies.
- 08/08/2024
|
The Top 3 Oil & Gas Stocks to Buy Now: Summer 2024
- There's trouble brewing in the oil patch. Prices for crude oil in America are below $75 a barrel and at their lowest level in six months amid growing fears of a recession in the U.S. economy.
- 08/07/2024
|
Best Dividend Stocks Yielding Over 5% to Buy Now
- 24/7 Wall St. Insights With inflation starting to be tamed, dividend stocks will be in big demand as rates drop.
- 08/04/2024
|
The Top 7 Stocks to Buy Now: Summer 2024
- Catalysts are forming around a lot of the top stocks right now, making this a good time for investors to buy. Many companies are seeing a boost in their share price following strong earnings reports.
- 07/31/2024
|
BP's High Free Cash Flow Yield And Efficient Capital Improvements Drive Confidence: Goldman Sachs
- BP p.l.c. BP shares are trading higher today. Goldman Sachs analyst Michele Della Vigna revised estimates after the company reported second-quarter FY24 results yesterday.
- 07/31/2024
|
Lloyds Banking Group, BP, Diageo, Greggs – News Defused
- Markets Defused is an easy-to-understand and straightforward recap of the day's most engaging business and stock market news. Lloyds dropped with investors uneasy over motor probe Diageo shares dropped despite surge in Guinness sales BP's latest bumper earnings beat expectations Greggs dividend boon boosted shares Diageo shares dropped despite surge in Guinness sales Diageo PLC (LSE:DGE) shares closed Tuesday's session more than 5% lower, after its full-year financials fell short of market forecasts.
- 07/30/2024
|
BP Beats Q2 Earnings Estimates, Hikes Quarterly Dividend
- Higher volumes and improved liquids realizations aid BP's earnings in Q2.
- 07/30/2024
|
BP p.l.c. (BP) Q2 2024 Earnings Call Transcript
- BP p.l.c. (NYSE:BP ) Q2 2024 Earnings Conference Call July 30, 2024 8:00 AM ET Company Participants Craig Marshall - Group Head, IR Murray Auchincloss - CEO & Director Katherine Thomson - CFO, SVP, Finance for Production & Operations & Director Emma Delaney - EVP Customers & Products Carol Howle - EVP, Trading & Shipping Conference Call Participants Irene Himona - Bernstein Biraj Borkhataria - RBC Capital Markets Paul Cheng - Scotiabank Michele Della Vigna - Goldman Sachs Lydia Rainforth - Barclays Bank Peter Low - Redburn Atlantic Roger Read - Wells Fargo Securities Ryan Todd - Piper Sandler Lucas Herrmann - BNP Paribas Martijn Rats - Morgan Stanley Alastair Syme - Citigroup Christopher Kuplent - Bank of America Merrill Lynch Josh Stone - UBS Doug Leggate - Wolfe Research Craig Marshall A warm welcome to everyone joining us in person at our headquarters today and to those joining online and on the phones. I trust everyone has had a chance to watch the second quarter 2024 video presentation and read our stock exchange announcement, both of which were posted this morning on our website, bp.com.
- 07/30/2024
|
New Strong Sell Stocks for July 30th
- ATEYY, BP and CAE have been added to the Zacks Rank #5 (Strong Sell) List on July 30, 2024.
- 07/30/2024
|
6 Dividend Increases Expected In August 2024
- 6 Dividend Increases Expected In August 2024
- 07/30/2024
|
Big Oil Roundup: BP Earnings, Vitol's Payout to Traders
- Bloomberg's Will Kennedy and James Herron discuss BP's results after the British energy giant reported strong second-quarter earnings. They also talk about Vitol's decision to hand traders a record $6.5 billion payout last year, and the impact of the broader geopolitical situation on energy markets.
- 07/30/2024
|
BP to develop green hydrogen project in Spain
- BP said on Tuesday it has given the green light to development of a green hydrogen facility at its Castellon refinery in Spain.
- 07/30/2024
|
BP Beats on Earnings. Stock Rises After Being Punished for This.
- The higher profit came despite warnings about weaker refining margins and lower oil prices than a few years ago.
- 07/30/2024
|
BP's back-to-basics approach delivers as oil major outperforms
- BP PLC (LSE:BP.) announced a second-quarter profit of $2.76 billion, surpassing market expectations.
- 07/30/2024
|
BP posts forecast beating $2.8 bln quarterly profit, raises dividend
- BP reported second-quarter profit of $2.76 billion on Tuesday, beating expectations as the energy company increased its dividend and extended its share repurchasing programme.
- 07/30/2024
|
Oil major BP raises dividend as second-quarter profit beats expectations
- British oil giant BP posted underlying replacement cost profit, used as a proxy for net profit, of $2.8 billion for the second quarter. That beat analyst expectations of $2.6 billion, according to an LSEG-compiled consensus.
- 07/30/2024
|
2 oil stocks Nicolás Maduro endorses
- After Nicolás Maduro won the presidential elections in Venezuela with strong challenges coming from the opposition, which believes the real results are different, the public has become more interested in which oil stocks he endorses, particularly considering the country's struggling oil industry.
- 07/29/2024
|
BP set for low key half-year update say analysts
- BP PLC (LSE:BP.) flagged weaker oil trading than expected and $1-2bn related to asset impairments in an update two weeks ago.
- 07/29/2024
|
4 Dividend-Paying Energy Stocks to Buy Now
- 24/7 Insights Oil has traded solidly higher this summer and may continue the trend.
- 07/28/2024
|
My Dividend Stock Portfolio: New June Dividend Record - 101 Holdings With 22 Buys
- Investment activity remained high in June, focusing on BDCs aiming to increase dividend income by at least $100 each month. Adjusted dividend income in June is up 27% Y/Y and 5% vs the previous quarter. Main portfolio picks included Ares Capital, Hercules Capital, Goldman Sachs BDC, and MidCap Financial Investment Corporation.
- 07/24/2024
|
BP, PDVSA rush to complete gas deal before Venezuela election
- British oil and gas producer BP , Venezuela's state oil company PDVSA and Trinidad and Tobago's National Gas Company are speeding negotiations for a Venezuelan license to develop natural gas deposits in the Caribbean Sea, four people familiar with the matter said.
- 07/22/2024
|
7 Energy Stocks to Buy as Americans Prioritize Travel More Than Ever
- Here's the simple breakdown for why you need to consider energy stocks. Americans are going through a challenging time with the economy.
- 07/21/2024
|
Investors Heavily Search BP p.l.c. (BP): Here is What You Need to Know
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 07/18/2024
|
BP Secures Funding for Advanced Green Hydrogen Plant in Germany
- BP's Lingen green hydrogen project is set to play a crucial role in developing a hydrogen economy, serving as a building block for a sustainable energy transition.
- 07/17/2024
|
BP (BP) Stock Falls Amid Market Uptick: What Investors Need to Know
- In the latest trading session, BP (BP) closed at $34.89, marking a -0.4% move from the previous day.
- 07/16/2024
|
3 Energy Giants Team Up for Ruwais LNG Project in Abu Dhabi
- Three major European companies, Shell, BP & TotalEnergies, join ADNOC in the Ruwais LNG project to build one of the lowest-carbon LNG facilities.
- 07/16/2024
|
3 Energy Stocks to Buy in Case of a Red Wave this November
- The 2024 election is shaping up to be a massive one for energy stocks. That's because 34 seats are up for grabs in the Senate, plus all 435 are contested in the House alongside 11 gubernatorial elections.
- 07/16/2024
|
BP to partner Audi as it enters Formula One
- BP is throwing its hat into the Formula One ring through a partnership with new team Audi from 2026. From that year onwards, cars must produce 65% less greenhouse gas emissions from the fuel they use via a combination of electric power and sustainable fuel.
- 07/15/2024
|
BP Ups Oil & Gas Demand Forecasts Amid Slow Clean Energy Shift
- BP raises oil and gas demand forecasts, citing a sluggish transition to clean energy. The company warns that delaying the shift to renewables could prove costly.
- 07/15/2024
|
BP's Energy Outlook 2024: Navigating the Future of Energy
- BP plc's (BP) Energy Outlook emphasizes the importance of balancing investments across different energy sectors. We suggest focusing on stocks like SM, LNG and SPWR.
- 07/15/2024
|
This BP Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday
- Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
- 07/15/2024
|
BP Says Oil Demand Is Falling, While OPEC Says It's Rising. What Gives?
- BP released its annual energy outlook Wednesday. Among its conclusions: Oil demand will likely plateau by 2025, after which the decline will depend on how aggressively countries slash carbon emissions. If countries get serious about a “net zero” goal, oil demand could fall to 25 million to 30 million barrels a day in 2050, from 102 million barrels today.
- 07/12/2024
|
BP Partners With Simon to Expand EV Charging Network Across US
- BP's EV charging business, bp pulse, announces the installation of EV charging Gigahubs across Simon Property Group's destinations in the United States.
- 07/12/2024
|
BP Wins Key Ruling In City Of Baltimore Climate Change Lawsuit
- In a ruling that could impact dozens of legal actions in what has become a coordinated lawfare effort to damage the US oil and gas industry, a City Circuit Judge in Baltimore, MD tossed out a local government's lawsuit that sought to hold oil companies financially liable for alleged impacts of climate change on Thursday.
- 07/11/2024
|
BP to Invest $48.5M in Chinese Biofuels Amid SAF Mandate Talks
- BP is set to invest $48.5 million to acquire a 15% stake in Chinese biofuels producer Lianyungang Jiaao New Energy, expanding its renewable energy portfolio.
- 07/11/2024
|
Trading houses lure top talent from BP, Shell
- Several high-profile energy traders have in recent weeks quit oil majors for trading houses, multiple sources told Reuters on Thursday, as talent follows assets swapping hands and as trading houses ramp up bonuses.
- 07/11/2024
|
BP (BP) Advances But Underperforms Market: Key Facts
- In the most recent trading session, BP (BP) closed at $34.90, indicating a +0.29% shift from the previous trading day.
- 07/10/2024
|
BP Faces $3B Hit in 2Q24 Amid Refining Challenges & Low Demand
- BP warns investors of significantly lower realized refining margins, which could slash its earnings by $500-$700 million for the quarter.
- 07/10/2024
|
BP signs deal with mall owner Simon Property for over 900 EV chargers
- A unit of BP signed a deal with mall owner Simon Property Group to install and operate more than 900 high-speed electric-vehicle chargers at 75 sites across the United States, the companies said on Wednesday.
- 07/10/2024
|
BP Energy Outlook: both main scenarios see 2025 oil peak, rapid renewables growth
- BP expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 it published on Wednesday.
- 07/10/2024
|
Why Oil Refinery Stocks' ‘Famine' Could Turn Into a ‘Feast'
- A decline in margins has weighed on refining stocks
- 07/09/2024
|
BP's Q2 Estimates Downgraded, But This Analyst Anticipates 10% Dividend Hike And Continued Buybacks
- RBC Capital Markets analyst Biraj Borkhataria updated estimates of BP p.l.c. BP following its second-quarter trading update release this morning.
- 07/09/2024
|
Oil giant BP warns of Q2 profit decline due to weak refining
- BP (BP) shares dip in pre-market trading after the energy giant anticipates its weak oil refining output to affect its second-quarter profits. BP's forecast comes after ExxonMobil (XOM) warns its own refinery profits could decline by up to $1.5 billion.
- 07/09/2024
|
BP Slides After Projecting Up To $2B in Q2 Impairment Charges
- BP (BP) American depositary receipts (ADRs) fell in premarket trading Tuesday after the energy giant said that it expects lower refining margins and an impairment charge of up to $2 billion will impact its second-quarter results.
- 07/09/2024
|
Indivior Cuts 2024 Outlook, Joins BP And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
- U.S. stock futures were higher this morning, with the Dow futures gaining around 50 points on Tuesday.
- 07/09/2024
|
BP Joins Exxon in Warning About Weaker Margins. What It Means for Chevron.
- The oil giant's warning adds to the gloom hanging over energy stocks.
- 07/09/2024
|
BP joins Exxon in saying weak refining margins will hit second-quarter profits
- BP on Tuesday said it expects weak margins in its refining business will have hit its second quarter profits by up to $700 million after Exxon Mobil on Monday said a similar slump in refining margins could see it take a $1.5 billion hit.
- 07/09/2024
|
Shell preferred over BP at JP Morgan
- Shell PLC (LSE:SHEL, NYSE:SHEL) is ‘a buy' and BP PLC (LSE:BP.) is ‘a sell', that's according to analysts at JP Morgan, who also see upside to the crude oil price in the near term.
- 07/09/2024
|
BP shares drop 3% after warning of up to $2 billion impairment, weak refining margins
- BP on Tuesday said it expects to post an impairment of up to $2 billion in the second quarter, also warning of lower refining margins.
- 07/09/2024
|
BP expects lower upstream gas production in second quarter
- BP plc reiterated previously announced second-quarter guidance in a trading update this Tuesday. Avoiding concrete numbers, the oil supermajor said upstream production in the second quarter is expected to be broadly flat sequentially and “slightly lower” in gas and low-carbon energy.
- 07/09/2024
|
BP expects second-quarter earnings hit on lower refining margins
- BP expects lower realised refining margins to hurt its second-quarter earnings by $500 million to $700 million, the oil firm said on Tuesday.
- 07/09/2024
|
BP (BP) Stock Falls Amid Market Uptick: What Investors Need to Know
- In the latest trading session, BP (BP) closed at $36.55, marking a -1.35% move from the previous day.
- 07/08/2024
|
ADNOC's Ruwais LNG to earmark 40% stake to Shell, Total, BP, Mitsui, sources say
- Abu Dhabi National Oil Company (ADNOC) has earmarked a 40% stake in its Ruwais liquefied natural gas (LNG) project to four energy majors Shell , TotalEnergies , BP , and Japan's Mitsui , sources told Reuters.
- 07/05/2024
|
BP CEO Halts Offshore Wind Projects, Enacts Hiring Freeze
- BP's new CEO Murray Auchincloss has implemented a hiring freeze and paused new offshore wind projects, shifting the company's focus to oil and gas to address investor concerns over its energy transition strategy.
- 07/04/2024
|
BP shares to re-rate as greening initiatives take back seat, suggests UBS
- BP PLC (LSE:BP.) is due for a slow re-rating from this point onwards, suggests UBS, as self-help measures and a steady retreat from its green initiatives feed through into higher earnings.
- 07/03/2024
|
Fuel prices slow in June, but "still too expensive"
- Fuel prices dropped for the second consecutive month in June, but both diesel and petrol prices remain higher than the RAC believes they should be. Petrol prices dropped by 3p to 145p a litre last month, while diesel fell by close to 4p to under 150p, but the automotive service group claimed it was "still too expensive" when compared against wholesale prices.
- 07/02/2024
|
Why A Scaling Down Of Renewable Energy Plans By BP Was Inevitable
- When the news arrived that BP (LON: BP) was scaling down its renewable energy ambitions, it didn't hold much of a surprise. In fact, for market observers there was a certain level of inevitability about it.
- 06/28/2024
|
BP, ExxonMobil Provide A Contrast In Energy Transition Strategies
- Reuters reports that new BP CEO Murray Auchincloss announced this week that his company will impose a hiring freeze and pause investments in new wind energy projects in an effort to make the UK-based major more competitive and attractive to investors. The moves come amid rising dissatisfaction from top BP shareholders over the company's strategies related to renewables and other investments aimed at improving its ESG ratings.
- 06/27/2024
|
Labour's North Sea ban unites union and businesses in opposition
- Businesses and unions in Aberdeen have joined forces to campaign against Labour's plans to ban any new North Sea licences. A joint letter signed by Unite and 200 local firms will be unveiled today in Aberdeen highlighting there is no plan to retrain workers or replace the oil and gas that will be left in the North Sea.
- 06/27/2024
|
BP CEO reportedly imposes hiring freeze, shifts focus back to oil and gas
- BP PLC's (LSE:BP.) new CEO, Murray Auchincloss, has implemented a hiring freeze and paused new offshore wind projects to focus more on oil and gas amid investor concerns over the company's energy transition strategy, according to Reuters, citing sources close to the oil giant.
- 06/27/2024
|
Focus: BP halts hiring, slows renewables roll-out to win over investors
- BP's new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said.
- 06/27/2024
|
BP's Castrol to Invest $50M in Battery-Swapping Leader Gogoro
- BP's lubricant brand Castrol takes a strategic step toward electric mobility with a $50 million investment in Gogoro, aiming to enhance urban transportation solutions and diversify beyond traditional lubricants.
- 06/26/2024
|
On Day of Fatal BP Refinery Blast, 3,712 Safety Alarms and One Unsent Email
- BP supervisors played down workers' concerns about an Ohio refinery spiraling into chaos, missing multiple opportunities to prevent a September 2022 explosion that killed two brothers, federal investigators found in a new report this week.
- 06/26/2024
|
BP (BP) Stock Slides as Market Rises: Facts to Know Before You Trade
- BP (BP) closed at $36.08 in the latest trading session, marking a -0.47% move from the prior day.
- 06/25/2024
|
Arcadis completes charger installation for bp pulse's first high-speed EV Gigahub™ in the US
- Arcadis has delivered more than 7,000 EV charging stations around the world HOUSTON , June 24, 2024 /PRNewswire/ -- Arcadis, a leading global design and consultancy organization for natural and built assets, today announced the completion of bp's (NYSE: BP) latest high-speed EV charging site at the company's North America headquarters in Houston, Texas. The new bp pulse station is the first bp pulse branded Gigahub™ in the US for their EV charging business.
- 06/24/2024
|
BP Stock Flat This Year, What Now?
- With the stock flat so far this year, at the current price of around $35 per share, we believe BP plc stock (NYSE: BP), a European integrated energy major, could go higher in the long term. BP's underlying replacement cost profit was down by almost half in Q1 2024, to $2.72 billion from $4.96 billion from the year-ago quarter.
- 06/24/2024
|
LNG Shipping Stocks: Summer Season Is Near
- UP World LNG Shipping Index gained 1.17% last week, led by FLEX LNG and Golar LNG. UPI outperformed the S&P 500, indicating positive momentum for LNG shipping stocks. The summer season is approaching, potential rise in gas consumption in Asia, investors are advised to consider LNG sector opportunities.
- 06/24/2024
|
BP plans foray into 2G ethanol, sustainable jet fuel with Brazil base
- BP Plc will evaluate expanding and diversifying its biofuel operation in Brazil, looking at new products such as second-generation ethanol and sustainable aviation fuel after buying out Bunge from their joint venture BP Bunge Bioenergia.
- 06/21/2024
|
BP to Acquire Full Control of Biofuels Joint Venture for $1.4B
- BP has agreed to buy Bunge's 50% interest in their joint venture (JV), BP Bunge Bioenergia. The $1.4 billion deal will give BP full ownership of the JV, enabling streamlined operations and a refined focus on profitable biofuel developments.
- 06/21/2024
|
BP management's latest deal is “favourable” - analyst
- BP PLC (LSE:BP.) new management team got the endorsement of analysts at Citigroup, who described two recent transactions as “favourable”.
- 06/21/2024
|
Shell preferred over BP as crude price tipped to return to $90 per barrel
- Analysts at JP Morgan prefer Shell PLC (LSE:SHEL, NYSE:SHEL) over BP PLC (LSE:BP.) whilst seeing upside for both of London's oil majors, with crude prices tipped to head back toward $90 per barrel in the third quarter.
- 06/21/2024
|
BP takes control of Brazilian ethanol business in $1.4bn deal
- BP PLC (LSE:BP.) has agreed to acquire agri-giant Bunge's 50% stake in their Brazilian sugar and ethanol joint venture, BP Bunge Bioenergia, for $1.4 billion.
- 06/21/2024
|
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 06/20/2024
|
BP to buy out Bunge's stake in Brazilian biofuels JV in $1.4 bln deal
- BP has agreed to buy grain trader Bunge's 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for $1.4 billion in a bet on growing demand for low-carbon biofuels.
- 06/20/2024
|
My Dividend Stock Portfolio: New May Dividend Record - 101 Holdings With 22 Buys
- Investment activity remained high in April, focusing on BDCs aiming to increase dividend income by at least $100 each month. Main portfolio picks included Ares Capital, Hercules Capital, Goldman Sachs BDC, and MidCap Financial Investment Corporation. Adjusted dividend income hit an all-time high in May, up 13% Y/Y and 136% sequentially.
- 06/19/2024
|
BP (BP) Outperforms Broader Market: What You Need to Know
- In the most recent trading session, BP (BP) closed at $35.39, indicating a +0.8% shift from the previous trading day.
- 06/18/2024
|
BP tipped to see growth from US shale business
- BP PLC (LSE:BP.) American shale business will be a large part of the group's growth over the remainder of the decade, analysts at RBC today highlighted in a note.
- 06/18/2024
|
BP: After A Big Pullback, It's Time To Lock In A 5% Yield On This Oil Giant
- Energy stocks in correction, new buying opportunities emerging. BP's stock is trading below several moving averages with the potential for strong total returns. BP's low PE ratio, high dividend yield, and strong balance sheet make it an attractive long-term investment opportunity.
- 06/17/2024
|
6 of Wall Street's Favorite High-Yield Blue Chip Dividend Stocks to Buy in June
- 24/7 Insights Quality dividend stocks can generate solid total returns and yield passive income.
- 06/17/2024
|
Here's Why Retain Strategy is Apt for BP Stock Right Now
- BP has a strong presence in refining and marketing spaces, providing support during periods of business turmoil and low oil prices.
- 06/14/2024
|
3 Energy Stocks to Gain From Seismic Imaging Technologies
- Embracing seismic imaging innovations equips oil & gas firms to sustain competitiveness & mitigate operational uncertainties. ExxonMobil (XOM), Chevron (CVX) and BP are thus well poised to gain.
- 06/14/2024
|
Archaea Energy and Republic Services celebrate first RNG plant in landmark partnership
- Lightning Renewables joint venture targets bringing approximately 40 landfill gas-to-renewable natural gas plants online in coming years. Fort Wayne plant is the largest Archaea Modular Design in Indiana, processing up to 6,400 standard cubic feet of landfill gas per minute (scfm), enough energy to heat more than 25,000 homes, according to the EPA Landfill Gas Energy Benefits calculator.
- 06/13/2024
|
BP (BP) Stock Slides as Market Rises: Facts to Know Before You Trade
- BP (BP) concluded the recent trading session at $35.56, signifying a -0.31% move from its prior day's close.
- 06/12/2024
|
BP, Worley Form Alliance to Drive Efficiency and Cost Savings
- BP and Worley have announced a strategic alliance to enhance efficiency and value across BP's Site Projects. This partnership is aimed at saving $40 million over two years by leveraging digital capabilities on a global scale.
- 06/12/2024
|
BP tells employees to reveal office romances or get fired after CEO Bernard Looney's affair scandals
- Move comes months after its chief executive was forced to step down after it was learned he maintained inappropriate relationships with colleagues.
- 06/11/2024
|
BP Enforces Stricter Workplace Relationship Disclosure Rules
- BP has tightened its conflict-of-interest policy, requiring employees to disclose any intimate workplace relationships or face potential dismissal, following the high-profile exit of former CEO Bernard Looney.
- 06/11/2024
|
LibDems advocate 4% buyback tax to boost welfare and investment
- Companies carrying out share buyback should be taxed at 4% of the value of the issue, a new manifesto pledge by the Liberal Democrats has suggested. In a move echoing a similar levy already in place for the US's top 100 companies, the policy would raise £1.4 billion and pay for free school meals for an additional 900,000 children growing up in poverty, said Ed Davey, the party's leader.
- 06/10/2024
|
BP tells managers to own up about office affairs or face sack
- BP has told its managers to own up to thier liaisons with their colleagues or face the sack. After former chief executive Bernard Looney stepped down after an affair with a colleague, the FTSE 100 giant has introduced a new policy ordering staff to come clean about inter-office relationships.
- 06/10/2024
|
Exclusive: BP tightens workplace relationships policy after Looney dismissal
- BP employees must disclose any intimate relationships with colleagues or risk losing their jobs, the oil major told staff in a policy update, following the sacking of former CEO Bernard Looney for failing to do so.
- 06/10/2024
|
BP Taps Seatrium for Early Engineering on Gulf of Mexico FPU
- BP selects Singapore's Seatrium to handle early engineering for its new floating production unit in the Gulf of Mexico, marking a significant step forward in the Kaskida project.
- 06/06/2024
|
BP's FPSO Reaches Mauritania and Senegal for GTA Project
- BP achieves a milestone with the arrival of the FPSO at its GTA project off the coast of Mauritania and Senegal. The project aims to produce 2.3 million tons of LNG annually for more than two decades.
- 06/05/2024
|
BP shares under pressure after S&P Global downgrade over share buyback plans
- BP shares were under pressure on Tuesday after ratings agency S&P Global downgraded its outlook for the British oil company over concerns its share buyback plans will leave it unable to lower its debts.
- 06/04/2024
|
4 Integrated Energy Stocks to Gain From Solid Industry Trends
- From upstream activities to midstream, prospects for companies are rosy now, enhancing the outlook for the Zacks Oil and Gas Integrated International industry. XOM, CVX, BP & VIST will make the most of the favorable business scenario.
- 05/31/2024
|
7 Oil Stocks to Watch as Middle East Politics Take Center Stage
- For a consistently cynical take, it's difficult to ignore the viability of oil stocks to watch. In particular, the hydrocarbon sector cooled off, only to spike back up as tensions in the Middle East flared again.
- 05/31/2024
|
Castrol® Unveils New Branding and Best-in-Class Product Claims Across Its Full Synthetic Range
- WAYNE, N.J.--(BUSINESS WIRE)-- #Castrol--Castrol® unveils new branding for its line of synthetic oils, as well as multiple new, industry-leading claims surrounding performance and protection.
- 05/30/2024
|
Strategic Asset Divestitures: 3 Energy Firms Setting the Trend
- Divesting non-core assets is a strategic tool for oil and gas companies to enhance financial health. This highlights the need to keep an eye on XOM, BP and OXY.
- 05/30/2024
|
BP and NGC Secure License to Develop Cocuina-Manakin Gas Fields
- BP and Trinidad's NGC receive a two-year license from the U.S. Treasury Department to develop the Cocuina-Manakin gas fields with Venezuela, marking a strategic shift in energy partnerships.
- 05/30/2024
|
BP, Trinidad's NGC receive US license for gas development with Venezuela
- British oil major BP and Trinidad and Tobago's state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad's energy minister said on Wednesday.
- 05/29/2024
|
BP and EOG Resources to Develop Major Trinidad Gas Field by 2026
- BP and EOG Resources are in active negotiations to develop the Coconut gas field in Trinidad, targeting first gas production by late 2026 to supply the Atlantic LNG project and boost regional output.
- 05/28/2024
|
Morgan Stanley Has 6 Blue Chip High-Dividend Stocks to Buy in June
- ∴ Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored) Are you ready for retirement?
- 05/28/2024
|
BP, Shell and EOG vie for acreage in Trinidad's oil and gas auction
- Trinidad and Tobago received six bids from BP , Shell and US shale producer EOG Resources on four blocks to explore for oil and gas as its 2023 shallow water auction closed on Monday.
- 05/27/2024
|
4 Energy Companies Announcing Aggressive Buyback Programs
- Energy companies Marathon Petroleum (MPC), BP plc (BP), TotalEnergies (TTE) and Shell plc (SHEL) have all unveiled additional or fresh buyback programs.
- 05/27/2024
|
BP Halts Development Talks on Manakin-Cocuina Gas Project
- BP's interest in the region is part of its broader strategy to boost natural gas production in Trinidad, where it has witnessed a significant decline.
- 05/23/2024
|
3 Hydrogen Stocks to Buy and What Kind of Returns to Expect
- Investors are generally aware of an emerging opportunity in hydrogen stocks but remain curious about what kinds of returns to expect. The answer of course depends upon the individual stock into which an investor directs their capital.
- 05/23/2024
|
Meme Stocks With Value: 7 Strong Buys that Can Rise Without Roaring Kitty
- The return of Keith Gill (aka Roaring Kitty), a prominent figure in the meme stocks saga, may have sparked a brief revival of the investing trend last week. However, the latest latest meme wave has come and gone.
- 05/23/2024
|
Former BP exec's ex-husband gets prison for insider trading after eavesdropping on her calls
- A Texas man illicitly bought stock of a company eyed by oil giant BP after hearing his mergers and acquisitions executive wife discuss the deal on calls.
- 05/22/2024
|
Shell or BP moving to US listing 'counterproductive', says analyst
- European energy companies considering relocating their primary listing to the bright lights of New York may find it "counterproductive", UBS thinks, though undoubtedly there are some short-term valuation benefits. The US market "carries a lower discount on oil & gas assets, provides more access to capital with fewer ESG constraints", the Swiss bank acknowledged.
- 05/22/2024
|
AI & Big Data in Energy: 3 Oil & Gas Stocks to Keep an Eye On
- Investors are advised to monitor three leading energy stocks, namely Shell (SHEL), BP and Chevron Corporation (CVX), as they are leveraging AI and big data.
- 05/22/2024
|
EV Connect and bp pulse Collaborate to Deliver Comprehensive Fleet Management Solution
- EL SEGUNDO, Calif.--(BUSINESS WIRE)--With 5.7 million electric vehicles (EVs) anticipated to be used in fleet applications by 2025, EV Connect, a leading EV charging business platform, and bp pulse, a global leader in charging infrastructure for fleets and public charging, today announced a collaboration to bring key capabilities of Omega, bp pulse's EV charge management software, to the EV Connect platform. Tailored to the diverse charging requirements and duty cycles of EV fleets, Omega deliv.
- 05/21/2024
|
Watch These 3 Energy Stocks Leading the Green Transition
- Investors are advised to monitor three energy companies, namely Eni SpA (E), TotalEnergies SE (TTE), and BP, as these are at the forefront of the energy transition.
- 05/20/2024
|
Amoco Ultimate® with Invigorate® Can Take You Up To 300 Miles Farther per Year¹
- Amoco Ultimate® with Invigorate® can take you up to 300 miles farther yearly, compared to regular fuel in top-selling sedans and car SUVs. bp's "300 Miles Farther" campaign is an unmatched claim that enables drivers to cover more distance between fill-ups with confidence.
- 05/20/2024
|
Turning Trash Into Treasure: These Energy Stocks Are Betting Big on Converting Garbage Into Gas (and Cash)
- BP, Enbridge, and Kinder Morgan are investing heavily in building out RNG platforms. These investments will grow their earnings from a more sustainable, lower-carbon energy source.
- 05/18/2024
|
Here's Why Hold Strategy Is Apt for BP Shares Right Now
- BP's focus on operational efficiency and cost management is set to yield at least $2 billion in cash cost savings by the end of 2026.
- 05/17/2024
|
3 Energy Stocks with Coastal Exposure at Risk from the Upcoming Hurricane Season
- Another year, another hurricane season in the United States. Hurricanes typically develop out in the Atlantic Ocean and make their way to the Gulf of Mexico and the United States' east coast regions.
- 05/16/2024
|
BP Invests in Hysata's $111M Green Hydrogen Technology Round
- BP Ventures and Templewater co-lead a $111M investment in Hysata, aiming to revolutionize green hydrogen with high-efficiency electrolyzers.
- 05/16/2024
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 05/16/2024
|
BP Resumes Caspian Sea Oil Production Ahead of Schedule
- BP's rapid resurgence initiates the resumption of offshore oil operations in Azerbaijan's Caspian Sea before schedule, showcasing prowess in energy sector resilience.
- 05/14/2024
|
My Dividend Stock Portfolio: New April Dividend Record - 101 Holdings With 22 Buys
- Portfolio changes in April focus on BDCs, aiming to increase dividend income by at least $100 each month. Dividend income hit a new all-time record for April of $736, basically flat Y/Y and up 12% sequentially. Gifted Working Time 2024: Around 85 hours, or 10.6 days, of active work have been replaced with passive income in 2024, which is equivalent to more than two entire workweeks.
- 05/14/2024
|
Why You Should Keep an Eye on BP Despite Q1 Earnings Miss
- Despite the weak results, BP expects its reported and underlying upstream production to be slightly higher this year.
- 05/13/2024
|
BP Stock: 9x P/E, 5% Yield, Plus Buybacks - Don't Overthink It
- BP stock offers a high dividend yield of close to 5% and a low forward P/E ratio of 8.58x. The company's dividend is safe with low payout ratios and there is room for dividend increases in the future. The value proposition is further enhanced by its aggressive share buyback program, especially under current P/E.
- 05/12/2024
|
The 3 Most Undervalued Energy Stocks to Buy in May 2024
- Oil prices continue to be volatile and hard to predict, which is why finding undervalued energy stocks can be hard, too. After rising steadily for most of March and April, crude prices just suffered their biggest weekly decline in three months as tensions in the Middle East ratchet down and global demand softens.
- 05/10/2024
|
BP Aims $1B Investment in Tesla Superchargers for U.S. Growth
- BP's ambitious $1 billion investment to acquire Tesla Supercharger sites and install over 3,000 charging points across America signals a shift in the EV landscape.
- 05/10/2024
|
BP looking to buy Tesla's Supercharger sites in US, Bloomberg News reports
- BP's electric charging unit is keen on buying Tesla's Supercharging sites in the United States, Bloomberg News reported on Thursday.
- 05/09/2024
|
7 Blue-Chip Stocks to Sell in May Before They Crash & Burn
- As we enter the tail end of first-quarter earnings season, clear winners and losers have emerged. Many well-known blue-chip companies that were expected to knock the cover off the ball with their prints ended up striking out.
- 05/08/2024
|
BP plans on costs can lift share price, says Barclays
- BP is a standout in an oil sector that on fundamentals has appeal, according to analysts at Barclays. Sticking with a share price target of 1000p or double the current market level, the group's unfashionable return to oil production and cost curing are likely to be the catalyst said analysts at the UK bank “We continue to see significant value in bp shares as the group adds higher-margin upstream volumes and starts to deliver additional profitability from the low-carbon business.
- 05/08/2024
|
BP hints at further distancing from former boss Looney's ESG commitments
- BP plc boss Murray Auchincloss has hinted at a further relaxing of green-transition targets implemented by his predecessor Bernard Looney BP's former chief executive Bernard Looney set a 25% reduction target in daily output to two-million barrels of oil equivalent per day (boepd) by 2030. Though this target remains in place, Auchincloss suggested in a Reuters interview that the target may not be set in stone.
- 05/08/2024
|
BP softens tone on 2030 oil output cut to reassure investors
- BP softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a gaping value gap with rivals.
- 05/08/2024
|
BP, Disney, Peloton, Crocs, Ferrari, Boeing, UBS, Palantir - Markets Defused
- Markets Defused aims to present an easy-to-understand and straightforward recap of the day's most engaging stock market news. BP profits ‘miss' expectations Disney drops but streaming turns first profit Peloton stock rallies on takeover talk Crocs stock stomps higher despite Heydude slippage Ferrari revved up financial results, investor wanted more UBS financials smashed expectations Boeing on back foot again as FAA launches investigation Palantir's 2024 revenue forecast got a big AI boost BP profits ‘miss' expectations London-listed oil major BP PLC (LSE:BP.
- 05/07/2024
|
BP Misses Q1 Earnings Estimates, Expects 2024 Production Hike
- Lower realizations of commodity prices hurt BP's earnings in Q1.
- 05/07/2024
|
BP to focus on shareholder returns over climate ambitions, CEO Murray Auchincloss says
- BP's new CEO Murray Auchnicloss on Tuesday signaled the oil major may fall short of climate ambitions set out under his predecessor Bernard Looney as it pushes to generate higher returns for shareholders in making a series of investment over the next two years.
- 05/07/2024
|
BP can keep shareholders happy, but ESG will be the sacrificial lamb
- Inside BP plc are two wolves: One is the green transition, the other is its status as a premier FTSE 100 income stock. It will be hard to feed both, but following today's first-quarter results, it is clear which wolf is getting the nourishment for now.
- 05/07/2024
|
BP reports 40% drop in Q1 earnings, trailing behind industry peers amid low energy prices
- BP has reported a significant 40% drop in its first-quarter earnings, with profits falling to $2.7 billion, underperforming against analysts' expectations due to lower energy prices and operational setbacks, including a U.S. refinery outage.
- 05/07/2024
|
BP Earnings Miss. It's Betting Big on the Gulf of Mexico, Which Should Help.
- The company is back to exploring for new oil wells, and some of its most aggressive exploration projects are in the Gulf.
- 05/07/2024
|
BP Profit Falls More Than Expected, Buybacks Maintained
- BP maintained the pace of its share buybacks even as first-quarter profit and cash flow fell by more than expected and net-debt increased. Anthony Di Paola reports on Bloomberg Television.
- 05/07/2024
|
BP profits fall, seeks $2bn in cost savings
- BP plc reported a profit of $2.3 billion attributable to shareholders in the first quarter, a significant decrease from $8.2 billion in the same period last year. The less-favourable comparison reflects exceptionally strong gas marketing and trading results in the first quarter of 2023, \weaker fuel margins, and lower production at 914 million barrels of oil equivalent- 5.7% lower year on year.
- 05/07/2024
|
BP Posts Weaker Profit, Misses Expectations
- BP's first-quarter profit was hit by lower oil and gas trading but it confirmed a $1.75 billion share buyback.
- 05/07/2024
|
BP misses expectations as profits slip on weaker oil and gas prices
- BP on Tuesday reported a fall in first-quarter profit, with results coming in below analyst expectations amid a "significantly weaker" margin in fuels.
- 05/07/2024
|
BP reports Q1 profits of $2.7 billion, missing forecasts
- BP reported on Tuesday first quarter earnings of $2.7 billion, missing forecasts, while the company extended its $1.75 billion share repurchase programme.
- 05/07/2024
|
BP-Eni JV signs agreement for Namibia offshore license
- A BP-Eni joint venture and Rhino Resources Namibia have signed an agreement for a 42.5% interest in a block in the country's offshore Orange Basin, the companies said on Friday.
- 05/03/2024
|
Here's Why You Should Bet on BP Stock Ahead of Q1 Earnings
- Given its substantial buyback programs, a pipeline of upstream projects, significant downstream operations, and attractive valuation, it is wise for investors to buy BP before its Q1 earnings release.
- 05/02/2024
|
BP p.l.c.: The Dividend Growth Should Continue To Be Special
- Finding investments with growth and strong cash flow is challenging, but the oil industry has been performing well since the pandemic. BP has been one of the best-performing oil majors, offering investors high total returns. The Company's new management team, focus on core operations, and commitment to buybacks and dividends make it a strong buy, with high revenues and positive industry outlook.
- 05/02/2024
|
BP (BP) Registers a Bigger Fall Than the Market: Important Facts to Note
- BP (BP) reachead $38.22 at the closing of the latest trading day, reflecting a -1.42% change compared to its last close.
- 05/01/2024
|
3 Reasons Growth Investors Will Love BP (BP)
- BP (BP) is well positioned to outperform the market, as it exhibits above-average growth in financials.
- 05/01/2024
|
Is BP (BP) Stock Outpacing Its Oils-Energy Peers This Year?
- Here is how BP (BP) and Permian Resources (PR) have performed compared to their sector so far this year.
- 04/30/2024
|
Is BP (BP) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/30/2024
|
Is BP Reshaping Its Energy Transition Business Priorities?
- Following his predecessor Bernard Looney's sudden departure last year, BP CEO Murray Auchincloss' was left carrying the can for the company's strategy calling for growing renewables and reducing oil and gas output by 2030 or "Reimagine BP."
- 04/26/2024
|
BP (BP) Advances While Market Declines: Some Information for Investors
- The latest trading day saw BP (BP) settling at $39.62, representing a +0.71% change from its previous close.
- 04/25/2024
|
March's Dividend Portfolio Update Sets New All-Time Record - 100 Holdings, 21 Buys
- March's Dividend Portfolio Update Sets New All-Time Record - 100 Holdings, 21 Buys
- 04/25/2024
|
BP (BP) Ascends While Market Falls: Some Facts to Note
- BP (BP) concluded the recent trading session at $38.52, signifying a +1.58% move from its prior day's close.
- 04/19/2024
|
BP (BP) Sees a More Significant Dip Than Broader Market: Some Facts to Know
- The latest trading day saw BP (BP) settling at $37.92, representing a -1.17% change from its previous close.
- 04/18/2024
|
Two female execs leave UK energy giant BP in wake of ex-CEO Bernard Looney scandal
- Leigh-Ann Russell, BP's chief technology and innovation officer, and Anja-Isabel Dotzenrath, head of gas and low-carbon since 2022, are leaving.
- 04/18/2024
|
3 UK oil stocks to invest in as Middle East tensions rise
- The year 2024 has faced many headwinds so far – but arguably the most devastating has been the ongoing conflict in the Middle East. With far-reaching implications, some of the markets most impacted are global oil prices.
- 04/18/2024
|
BP boss trims executive team
- BP PLC (LSE:BP.) has announced its board of directors will be cut from 11 positions to 10 in order to simplify the business.
- 04/18/2024
|
BP trims down executive team, picks new head of its gas and low carbon energy business
- British oil major BP on Thursday trimmed the size of its executive team down to 10 members.
- 04/18/2024
|
BP cuts size of executive team, names new head of gas & low carbon energy
- British energy giant BP said on Thursday it would reduce the size of its executive leadership team to 10 members as it announced a simplified organisational structure and changes to its executive team.
- 04/18/2024
|
Shell & BP's Q1 Updates Lead Oil & Gas Stock Roundup
- SHEL, BP, XOM, PBR and CVX emerge as the energy headline makers during the week.
- 04/17/2024
|
BP's New Offshore Platform in Azerbaijan Goes Operational
- BP commences oil production from the Azeri Central East platform, aiming to enhance oil production in the Caspian Sea, thereby promising economic growth.
- 04/17/2024
|
BP starts oil production at new offshore platform in Azerbaijan
- BP has started oil production at a new Azeri Central East (ACE) offshore platform in the Caspian Sea, the company said on Tuesday, bolstering declining oil output in the ex-Soviet country.
- 04/16/2024
|
BP Layoffs 2024: What to Know About the Latest BP Job Cuts
- British oil giant BP (NYSE: BP ) recently announced job cuts in its electric vehicle charging sector, the latest example of BP layoffs. Indeed, the firings are directed toward BP Pulse to redirect company attention toward its most profitable branches amid growing sentiments away from oil and gas-powered energy.
- 04/15/2024
|
Exclusive: BP's EV charging arm cuts jobs, reduces global ambitions
- BP has cut over a tenth of the workforce in its electric vehicle charging business and pulled it out of several markets after a bet on rapid growth in commercial EV fleets didn't pay off, company sources said.
- 04/15/2024
|
6 Ultimate Dividend Stocks for Long-Term Passive Income Growth
- Sponsored: Find a Qualified Financial Advisor Finding a qualified financial advisor doesn't have to be hard.
- 04/14/2024
|
3 Hydrogen Stocks to Turn $300K Into $1 Million: April 2024
- 2023 was a forgettable year for hydrogen stocks and the broader clean energy industry. Geopolitical issues, heightened interest rates, and rampant inflationary pressures were to blame for clean energy's lackluster showing.
- 04/12/2024
|
Possible BP bid highlights 'London for sale' scenario
- The emergence of a possible bid for BP by the United Arab Emirates' state-owned oil group has thrown a spotlight on the vulnerability of the Britain's largest companies to takeover and the threat to London as a global capital markets hub.
- 04/12/2024
|
BP Considered for Takeover by ADNOC but Deemed Unsuitable
- BP struggles to keep pace with its competitors, a factor that analysts and investors point to as a significant reason behind its vulnerability to takeovers.
- 04/12/2024
|
BP target of takeover speculation by UAE oil major
- Could British oil and gas supermajor BP plc be the next jewel in the crown of the FTSE 100 to be snapped up by a foreign competitor? According to a Reuters report, the Abu Dhabi National Oil Company (Adnoc) is exploring a bid for the £90 billion corporation, having sought advice from investment banks on the deal.
- 04/12/2024
|
Exclusive: UAE's ADNOC recently eyed BP as takeover target, sources say
- The United Arab Emirates' state-owned oil company recently considered buying Britain's BP but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters.
- 04/11/2024
|
Here are 3 Key Stocks Leading the Energy Transition Race
- There are opportunities for energy companies with a footprint in oil & gas resources or transporting commodities and the clean energy space. Three such firms are BP, Shell (SHEL) and Enbridge (ENB).
- 04/11/2024
|
BP Anticipates Robust Q1 Performance Amid Trading Surge
- BP expects solid Q1 performance, driven by robust trading and production operations, offsetting lower oil prices.
- 04/10/2024
|
BP (BP) Exceeds Market Returns: Some Facts to Consider
- The latest trading day saw BP (BP) settling at $39.29, representing a +0.98% change from its previous close.
- 04/09/2024
|
BP in Talks to Offload Aging Trinidad Gas Assets to Perenco
- BP eyes the divestment of aging Trinidad gas field assets to Perenco, with the aim of realigning its energy portfolio. This move signals a significant shift in the global oil and gas market.
- 04/09/2024
|
BP reassures with first quarter update, brokers say
- BP's trading update suggests it should be close to consensus numbers of US$$3bn net income when it publishes first quarter numbers, says broker Jefferies. Strong gas trading will address a key concern during the quarter, while oil trading provides a good uplift quarter-on-quarter.
- 04/09/2024
|
Here's the unusual way to trade gold's breakout rally, says this hedge-fund manager.
- A post-eclipse hangover? Stock investors are seemingly on the sidelines, a day ahead of inflation data.
- 04/09/2024
|
BP says high production and strong trading will offset oil and gas price slump
- BP on Tuesday said it expects high levels of upstream production and a strong performance from its trading business will help it offset the negative impacts of lower oil and gas prices and a drop in the value of Egypt's currency that could hit its profits by $1.2 billion in the first quarter of 2024.
- 04/09/2024
|
BP production rises but weaker crude and gas prices impact
- BP's oil and gas production was up on the previous three months in its first quarter of 2024 though lower prices are having an impact, said the oil major. Crude prices falling back will knock between US$0.3-US$0.6 billion off the first quarter profits total, with lower gas prices to lop off a further US$200-400 million.
- 04/09/2024
|
BP in talks to sell some Trinidad upstream gas assets to Perenco
- BP is close to an agreement to sell some of its Trinidad and Tobago oil and gas assets to Anglo-French oil company Perenco, according to three people familiar with the talks.
- 04/08/2024
|
BP's green retreat tn focus next week
- If it is anything like Shell's update on Friday, BP's first quarter numbers on Tuesday will be a low-key announcement The upshot from Shell is that gas profits are falling following the bumper returns it saw in 2023, but otherwise, trading seems solid enough. Something similar is likely from BP though analysts at Jefferies said “Additionally, BP will be impacted by downtime at Whiting and Freeport LNG".
- 04/05/2024
|
Here's Why Retain Strategy is Apt for BP Stock Right Now
- BP has a strong presence in refining and marketing spaces, providing support during periods of business turmoil and low oil prices.
- 04/04/2024
|
Investors Heavily Search BP p.l.c. (BP): Here is What You Need to Know
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 04/03/2024
|
Here's why the Tullow Oil, Shell, and BP share prices are rising
- Energy stocks are jumping, helped by the strong performance of crude oil prices. In the UK, the Shell (LON: SHEL) share price surged to a high of 2,737p on Wednesday.
- 04/03/2024
|
Oil Is Exploding Higher and 5 Blue Chip Dividend Integrated Giants Are Cheap
- Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored) Take the quiz below to get matched with a financial advisor today.
- 04/03/2024
|
BP (BP) Advances While Market Declines: Some Information for Investors
- In the closing of the recent trading day, BP (BP) stood at $38.65, denoting a +1.87% change from the preceding trading day.
- 04/02/2024
|
The 3 Best Hydrogen Stocks to Buy in April 2024
- Hydrogen is vital to advancing cleaner energy sources and lowering carbon emissions. As a much cleaner alternative energy source, the major players interested in zero-carbon transformations and green makeovers are counting on hydrogen power coming into full force.
- 04/02/2024
|
BP (BP) Stock Sinks As Market Gains: Here's Why
- BP (BP) closed the most recent trading day at $37.46, moving -0.29% from the previous trading session.
- 03/27/2024
|
BP and Shell fall as oil prices continue lower
- BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) shares faced losses on Wednesday as oil prices moved lower for a second consecutive day.
- 03/27/2024
|
BP to Reduce Gelsenkirchen Refinery Capacity Amid Demand Shift
- BP announces plans to reduce Gelsenkirchen refinery capacity by around one-third from 2025, adapting to changing demand and environmental pressures.
- 03/22/2024
|
BP Stock Up 7% This Year, What's Next?
- After a 7% increase so far this year, at the current price of around $38 per share, we believe BP plc stock (NYSE: BP), a European integrated energy major, could go higher in the long term. BP's underlying replacement cost operating profit was down by almost exactly half in FY 2023, to $13.84 billion from $27.65 billion in 2022.
- 03/22/2024
|
BP (BP) Stock Slides as Market Rises: Facts to Know Before You Trade
- BP (BP) reachead $37.73 at the closing of the latest trading day, reflecting a -0.42% change compared to its last close.
- 03/21/2024
|
BP Electrifies Houston With Launch of Its First US Gigahub
- BP sets the stage for the future of mobility with the launch of its pioneering EV charging station in Houston, featuring 24 fast-charging points.
- 03/21/2024
|
BP plans to reduce German oil refinery's oil processing capacity -executive
- BP plans to reduce the crude processing capacity of its Gelsenkirchen oil refinery in Germany by around one third due to a weaker demand outlook, its head of refining Amber Russell said on Wednesday.
- 03/20/2024
|
Here is What to Know Beyond Why BP p.l.c. (BP) is a Trending Stock
- Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 03/20/2024
|
A Reality Check on Big Oil's Energy Transition Challenges
- Achieving a balance between short-term returns and long-term sustainability remains a formidable challenge for oil companies like SHEL, BP and XOM amidst a rapidly evolving energy landscape.
- 03/19/2024
|
BP's Whiting Refinery Resumes Full Operations Post-Outage
- BP's Whiting Refinery bounces back after the February outage, bringing stability to Midwest fuel markets.
- 03/19/2024
|
Hot Stocks: The 3 Best Opportunities for Investing in Hydrogen
- On March 13, the U.S. Department of Energy announced $750 million in funding for 52 projects across 24 states to support clean hydrogen in America. That's excellent news for hydrogen stocks.
- 03/19/2024
|
BP Explores Trinidad-Venezuela Gas Field Project Partnership
- BP is in talks for a cross-border collaboration to explore gas field development from Trinidad to Venezuela, highlighting potential economic and geopolitical implications.
- 03/18/2024
|
BP (BP) Flat As Market Sinks: What You Should Know
- BP (BP) reachead $37.49 at the closing of the latest trading day, reflecting no change compared to its last close.
- 03/15/2024
|
Here's Why Retain Strategy is Apt for BP Stock Right Now
- BP has a strong presence in refining and marketing spaces, providing support during periods of business turmoil and low oil prices.
- 03/15/2024
|
BP Seeking Natural Gas Opportunities In Trinidad-Venezuela Waters
- On Wednesday, BP president for Trinidad and Tobago, Sir David Campbell met with Trinidadian energy minister Stuart Young and Venezuelan oil minister Rafael Tellechea.
- 03/14/2024
|
BP in talks with Venezuela and Trinidad governments to develop gas field
- BP PLC said on Thursday it was in talks with the Venezuela and Trinidad and Tobago governments to develop a gas field.
- 03/14/2024
|
BP-UAE $2B Israel Gas Deal on Hold Amid Regional Conflict
- BP and ADNOC suspend a $2B bid for Israel's NewMed Energy amid the Israeli-Gaza conflict.
- 03/14/2024
|
BP's bioenergy and EV charging wings to help meet targets - UBS
- BP PLC (LSE:BP.) appears confident in hitting pre-tax earnings of between US$46 billion and US$49 billion by 2025, UBS analysts have said following recent meetings with the oil giant.
- 03/14/2024
|
BP's Ex-CEO Looney Faces Major Compensation Cut Post Resignation
- BP's former CEO, Bernard Looney, grapples with a GBP1.8M compensation cut after undisclosed relationships lead to his abrupt resignation in September 2023.
- 03/13/2024
|
BP and Abu Dhabi National Oil Company suspend major purchase in Israeli gas firm
- The deal would have seen BP and Adnoc buy a 50% stake in the Israeli gas producer.
- 03/13/2024
|
February's Dividend Portfolio Update Sets New Record - 100 Holdings, 19 Strategic Buys
- US stocks climbed higher in February with the DJIA adding 0.4% and the S&P closing in on the 5,000-point mark.
- 03/13/2024
|
Here are 3 Integrated Majors Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell (SHEL) and Eni (E).
- 03/08/2024
|
Aviva boss given senior role on BP board
- Aviva PLC (LSE:AV.) boss Amanda Blanc is going from strength to strength after it was announced she will taking a senior board position at BP.
- 03/08/2024
|
Ousted BP boss Bernard Looney hands back bonus
- Ousted BP PLC (LSE:BP.) chief executive Bernard Looney has handed hundreds of thousands of pounds worth of his final annual bonus to the oil firm.
- 03/08/2024
|
BP's operational emissions edge higher in 2023
- BP's carbon emissions from its own operations rose slightly in 2023 due to oil and gas projects starting up and operational issues, the energy company said in its annual report.
- 03/08/2024
|
How Barron's Pro-Picked 2024 Dividend Dogs Run In March
- Barron's First New-Year Roundtable, published 1/11/24, listed 8 stocks of note for 2024. The follow-up article published 1/22/24 mentioned 27 more and included a buy-recommendation from Andrew Bary for BP.
- 03/07/2024
|
4 Integrated Energy Stocks Set to Escape Industry Weakness
- Refining business uncertainties and the energy market???s increasing focus on renewables are making the outlook for the Zacks Oil and Gas Integrated International industry dull.
- 03/07/2024
|
The Unbelievable Comeback: 3 Stocks Ready to Rise from the Ashes
- Comeback stocks are excellent out-of-the-box picks for those on the hunt for companies poised for a rebound. The three companies spotlighted on this list are legacy enterprises operating in industries foundational to the economy.
- 03/06/2024
|
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 03/06/2024
|
EU Majors: Prefer TotalEnergies Over Shell And BP
- I see TotalEnergies as uniquely positioned among the EU majors to benefit from a higher-for-longer scenario in oil prices due to its significantly deeper and liquids-heavier portfolio. At 12.5 years of current reserve coverage and ~113% 5-year average replacement ratio, Total can sustainably support 2-3% in annual production growth through 2030. At 7.2x forward EPS, Total trades ~20% below Shell and BP, a discount I do not find warranted given the company's best-in-class balance sheet and capital efficiency.
- 03/05/2024
|
3 Lagging Energy Stocks to Offload in Q1
- Crude oil prices have hovered between $75 and $85 a barrel since the start of this year, despite the ongoing conflict in the Middle East due to Israel's war with Hamas. This has led to a continued slump in energy stocks, which have badly trailed the overall market for the better part of a year now.
- 03/05/2024
|
BP can be serious force in EV charging, suggests UBS
- BP is a much better equity story than just how much cash it is handing out to shareholders, according to analysts at UBS. All of the talk recently has been about share buybacks and its low relative rating, but a low oil price breakeven and efficient production base will provide the funds to sustain total distributions, while also funding growth from low carbon, says the Swiss bank.
- 03/05/2024
|
BP Set to Boost Egypt's Gas Projects With $1.5B Investment
- Amid the strategic expansion in gas projects, BP faces internal pressures to refocus on its core oil and gas business.
- 02/29/2024
|
BP asks US regulators to reject Venture Global's permit extension request
- BP Plc has urged U.S. regulators to refuse Venture Global LNG's request for an extension of time to build its Calcasieu Pass plant.
- 02/27/2024
|
Stuart Varney: BP exec's husband guilty of insider trading after eavesdropping on wife's merger deal
- FOX Business' Stuart Varney discusses the case of Tyler Loudon who pleaded guilty to securities fraud related to insider trading after eavesdropping on his wife's work calls.
- 02/26/2024
|
BP exec's husband guilty of insider trading $1.8 million, snooped on her calls
- Loudon's wife was formerly a BP merger and acquisitions manager but was fired after the company learned of the insider trading.
- 02/25/2024
|
It's Time! 3 Questionable Energy Stocks to Sell in February
- While the rest of the stock market endured a bear mauling in 2022, energy sectors became the best-performing asset class that year. My how things have changed.
- 02/23/2024
|
BP manager's husband pleads guilty to insider trading, listened in on wife's work calls
- The husband of a former BP mergers and acquisitions manager pleaded guilty to insider trading after profiting $1.7 million on trades he had made based on listening in on her calls.
- 02/23/2024
|
What's Fueling Climate Lawsuits Against BP, Chevron, ConocoPhillips, ExxonMobil And Shell?
- The city of Chicago is the latest to file a climate lawsuit against BP, Chevron CVX , ConocoPhillips COP , ExxonMobil and Shell, alleging that the companies hid information regarding climate change from the public. Greenpeace Italy just filed a similarly themed lawsuit against Eni in Italy.
- 02/23/2024
|
SEC Insider Trading Charges Against BP Manager's Husband Bring WFH Practices Into Sharp Focus
- Work from home or "WFH" practices within the global energy sector have been unwittingly called into sharp focus by the U.S. Securities and Exchange Commission.
- 02/23/2024
|
BP and Shell Are Worth Less Than Exxon and Chevron. Here's Why.
- The European oil majors are valued at about a one-third discount to their American counterparts.
- 02/23/2024
|
New Strong Sell Stocks for February 23rd
- BP, CHX and AGRO have been added to the Zacks Rank #5 (Strong Sell) List on February 23, 2024.
- 02/23/2024
|
US SEC charges BP manager's husband with insider trading over TravelCenters deal
- The U.S. Securities and Exchange Commission said on Thursday it has charged the husband of a BP Plc manager with insider trading over the energy company's $1.3 billion deal to buy TravelCenters of America Inc.
- 02/22/2024
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- Recently, Zacks.com users have been paying close attention to BP (BP). This makes it worthwhile to examine what the stock has in store.
- 02/22/2024
|
BP plans return of Whiting, Indiana, refinery in March, sources say
- BP Plc plans to return its 435,000 barrel-per-day Whiting, Indiana refinery, the largest in the U.S. Midwest, to full production in March, said people familiar with plant operations on Wednesday.
- 02/21/2024
|
Shares of automakers jump on buyback and dividend boost
- Shares of automakers led European stocks higher Thursday, after Renault sharply raised its dividend following a boost to sales and Stellantis proposed a €3 billion share buyback.
- 02/15/2024
|
Energy sector strength: Drill down with refinery stocks
- The oil refiners' exchange-traded fund (ETF), the VanEck Oil Refiners ETF NYSEARCA: CRAK, is outperforming the broader Energy Select Sector SPDR Fund NYSEARCA: XLE on a one-month, three-month and one-year basis.
- 02/14/2024
|
BP backtracks further on green policies with new Egypt gas venture
- BP put further distance between itself and the greening policies of ex-chief executive Bernard Looney with a natural gas joint venture in Egypt. Abu Dhabi National Oil Company is BP's partner in the venture, the oil major said, with the UK company holding a 51% stake.
- 02/14/2024
|
New Strong Sell Stocks for February 14th
- AROW, ACLS and BP have been added to the Zacks Rank #5 (Strong Sell) List on February 14, 2023.
- 02/14/2024
|
A Tiny Hedge Fund Is Becoming a Thorn in the Side of Energy Giant BP
- London-based Bluebell Capital Partners has a history of aiming at big targets, and sometimes hitting them.
- 02/14/2024
|
Barron's Round Table New-Year 2024 Dividend Dogs
- Barron's First New-Year Roundtable, published 1/11/24, listed 8 stocks of note for 2024. The follow-up article published 1/22/24 mentioned 27 more and included a buy-recommendation from Andrew Bary for BP. Barron's interviews of eleven financial-industry Roundtable-pros over those two-weeks tapped 35 predictions along-with the BP-feature. Four funds were missed by YCharts screen of active-stocks. Seven-selections paid no-dividends, leaving 23 in-the-pool. The combined Barron's two-part list tracked-by YCharts as of 2/8/24 projected ten-top analyst-estimated net-gains from ORCL, INTC RTX, GPN, DE, OSK, WTFC, FANG, BP & topped-by EG ranging 6.0%-27.58%.
- 02/11/2024
|
3 Doomed Energy Stocks to Dump Before They Dive: February 2024
- The energy market remains volatile, especially the trade in crude oil. After running up to $120 a barrel in 2022 after Russia invaded Ukraine, the price of Brent crude oil, the international standard, and West Texas Intermediate (WTI) crude, the U.S. benchmark, fell about 10% in 2023 during a difficult year.
- 02/09/2024
|
BP's Whiting Refinery Shutdown Sparks Fuel Supply Worries
- BP is obligated to source gasoline from alternative refineries to meet demand at its stations, as the shutdown not only impacts the refining process but also disrupts its supply chain.
- 02/09/2024
|
More Oil, 10% Dividend Hike, Faster Share Buybacks: How BP Aims To Woo Investors
- Perhaps conscious of being a share performance laggard among its peers, integrated energy giant BP (LON: BP) recently came out fighting despite posting lower annual profits.
- 02/08/2024
|
3 Doomed S&P 500 Stocks to Dump Before They Dive: February 2024
- The benchmark S&P 500 index is at a record high and on the cusp of closing above 5,000 for the very first time. While the index is comprised of the 500 largest publicly traded companies in America and is viewed as a diverse collection of both small and large cap stocks, its gains continue to be driven by a small group of technology companies, most of whom are leaders in the area of artificial intelligence ( AI ).
- 02/08/2024
|
Pension fund sells BP and Shell stake over weak green push
- A pension fund managing more than £200 billion sold all its stakes in BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) as it believes the oil and gas giants aren't reducing emissions fast enough.
- 02/08/2024
|
3 Value Stocks to Buy on the Dip: February 2024
- With the U.S. economy running at full steam and the labor market continuing to impress onlookers, the concept of value stocks might not be the most popular idea. After all, many of the usual suspects of 2023 are still printing strong returns.
- 02/07/2024
|
Shell and BP's shareholder schism on green targets wider than ever
- Shareholder returns among the oil majors are back in the spotlight. By Jefferies' estimations, Shell is projected to buy back up to 50% of the company by 2030- that's £80 billion at current prices.
- 02/07/2024
|
CEO of Poland's biggest bank PKO BP steps down
- PKO BP CEO Dariusz Szwed has stepped down, the bank said on Wednesday.
- 02/07/2024
|
7 Retirement Stocks to Buy at 52-Week Lows
- Investors are pricing in a substantial number of interest rate cuts in the coming months, which has led to a surge in stock prices. And while investors might think they've missed out on the run, they haven't.
- 02/06/2024
|
BP: New Boss, Same Plan, Still A Buy
- BP remains predominantly an oil and gas company and is entering renewables only at a measured pace. In the current commodity price environment, BP can deliver 15.3% returns through dividend growth and massive buybacks. BP is valued cheaper on a P/E basis than its US and European peers despite better profitability metrics.
- 02/06/2024
|
Palantir (PLTR) & BP (BP) Rally After Earnings
- Palantir (PLTR) soars on guidance and earnings. Its 4Q adjusted EPS came in at $0.08 versus an estimated $0.08 and revenue came in at $608.35M versus an estimated $603.48M.
- 02/06/2024
|
BP weighs bringing in partners to solar business, says CEO
- BP is considering bringing in partners to solar developer Lightsource BP to help boost returns from the fast-growing business, CEO Murray Auchincloss said on Tuesday.
- 02/06/2024
|
BP Misses Q4 Earnings Estimates, Expects 2024 Production Hike
- BP's Q4 earnings have been affected by lower realizations of commodity prices.
- 02/06/2024
|
BP PLC (BP) Q4 2023 Earnings Call Transcript
- BP PLC (BP) Q4 2023 Earnings Call Transcript
- 02/06/2024
|
BP is a big producer of a commodity: coffee.
- BP BP UK:BP saw a boost from its convenience stores that sell gasoline, coffee and all sorts of odds and ends. BP has previously said it sells 150 million cups of coffee per year.
- 02/06/2024
|
Here's What Key Metrics Tell Us About BP (BP) Q4 Earnings
- The headline numbers for BP (BP) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 02/06/2024
|
Oil investors reacting to shareholder returns: Energy Intelligence
- Noah Brenner, executive editor at Energy Intelligence, discusses BP's latest quarterly earnings and reflects on the outlook for the British oil giant.
- 02/06/2024
|
BP pays out eye-watering returns 'instead of covering cost of natural disasters, Ukraine war'
- The billions of pounds that BP PLC (LSE:BP.) has promised to investors in share buybacks and dividends in the past year could instead be used to pay for dealing with natural disasters, covering the UK or Australia for the next seven years or more than paying for the damage caused by last year's Hawaii firestorm.
- 02/06/2024
|
BP Shares Surge as New CEO Boosts Buyback in First Half
- BP accelerated share buybacks, saying it will repurchase $1.75 billion of shares each quarter in the first half of the year, after reporting fourth-quarter profit that exceeded estimates. James Herron reports on Bloomberg Television.
- 02/06/2024
|
BP Beats Earnings Estimates and Boosts Buybacks. The Stock Is Rising.
- BP CEO Murray Auchincloss is keeping the company's strategy of investing in the energy transition while also returning more money to shareholders.
- 02/06/2024
|
BP shares make biggest gains in a year on buyback plan as profit tops estimates
- BP shares posted their biggest rise in a year on Tuesday after the oil company pledged to increase its returns to shareholders, despite reporting a sharp drop in its profits, while doubling down on its green transition plans.
- 02/06/2024
|
BP boosts buyback as fourth quarter profit top expectations
- BP PLC (LSE:BP.) picked up the pace of its share buyback plans after delivering fourth quarter profit ahead of expectations.
- 02/06/2024
|
Oil major BP accelerates pace of share buybacks after sharp drop in full-year profit
- British oil giant BP on Tuesday reported weaker-than-expected annual profits, following declines in fossil fuel prices.
- 02/06/2024
|
BP beats Q4 profit forecast, increases buybacks
- BP reported on Tuesday fourth-quarter earnings of $3 billion, exceeding forecasts, as the energy company increased the pace of its share repurchases.
- 02/06/2024
|
BP's green agenda all at sea as sinking profits forecast renews fossil fuel call
- With gloomy financial results predicted, the company must weigh its net zero targets against demands for more oil and gas production
- 02/03/2024
|
Activist Bluebell believes BP is 50% undervalued compared to peers
- Bluebell Capital Partners is an activist investor focused on large cap European public equities.
- 02/03/2024
|
Gas Price Alert: What to Know After BP Whiting Refinery Power Outage
- Gas prices may be subject to rise following a power outage Thursday at a BP (NYSE: BP ) oil refinery located in Whiting, Indiana. The outage has apparently led to excess burning and fairing at the site, burning off some product.
- 02/02/2024
|
BP may surprise with dividends despite weaker finish to 2023
- Final results from BP PLC (LSE:BP.) will be the first since interim chief executive Murray Auchincloss was confirmed as the new permanent boss and while they may be let down by a weak finish to the year, are still likely to see some big returns for shareholders.
- 02/02/2024
|
BP stock looks bullish on high dividend yield, new CEO
- The stock could be an undervalued gem, and already has some things going for it: The BP dividend yield is 4.2%, higher than energy stocks as a group. The company has increased its dividend in each of the past three years.
- 02/02/2024
|
Power loss forces BP to shut biggest US Midwest refinery
- BP was purging its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery of hydrocarbons on Thursday after a transformer failure caused a plant-wide power outage and forced an evacuation of all but the most essential workers, said people familiar with plant operations.
- 02/01/2024
|
BP (BP) Increases Yet Falls Behind Market: What Investors Need to Know
- BP (BP) closed at $35.13 in the latest trading session, marking a +0.09% move from the prior day.
- 02/01/2024
|
Factors Likely to Determine the Fate of BP in Q4 Earnings
- Lower commodity prices amid flat production are likely to have hurt BP's Q4 earnings to some extent.
- 02/01/2024
|
3 Popular Brands at Risk of ‘Red Sea' Shortages or Price Hikes
- Recent Red Sea diversions triggered a prolonged energy market impact. Despite U.S. and ally strikes on Houthi rebels, experts predict a months-long crisis causing a cargo container shortage.
- 01/31/2024
|
BP Faces Pressure Against Investment in Energy Transition
- BP (BP) is being urged to curb further investment toward cleaner energy solutions and focus more on oil and gas output.
- 01/31/2024
|
Activist investor Bluebell urges BP to ditch green agenda
- Giuseppe Bivona, partner and co-chief investment officer at activist investor Bluebell Capital Partners, discusses the firm's calls for BP to bolster its oil and gas investments.
- 01/30/2024
|
BP should ditch environmental policies, says activist investor
- Activist European hedge fund Bluebell Capital Partners has called on FTSE 100 oil producer BP plc to rethink its energy-transition strategy for fear of losing market value and netting poor returns in solar and wind farm projects. Headed by Giuseppe Bivona and Marco Taricco, Bluebell argued that BP's expectation of a “drastic decline in oil and gas demand” is “utterly unrealistic”.
- 01/30/2024
|
One activist investor is taking on BP, urging the oil giant to scale back green pledges
- Activist investor Bluebell Capital Partners is pushing for BP to urgently change tack.
- 01/30/2024
|
Why the Market Dipped But BP (BP) Gained Today
- BP (BP) closed the most recent trading day at $35.63, moving +1.37% from the previous trading session.
- 01/26/2024
|
MoneyShow's Best Investment Ideas For 2024: Part 2
- MoneyShow presents top investment ideas for 2024 from their contributors. This year's edition presents a broad mix of conservative income stocks, more speculative but potentially more rewarding growth stocks, as well as ETF recommendations that target commodities, cryptocurrencies, and fixed income.
- 01/26/2024
|
3 Integrated Majors Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell (SHEL) and Eni (E).
- 01/26/2024
|
BP Eyes FID for Trinidad's Calypso Deepwater Gas Field by 2025
- BP and Woodside gear up for a quicker-than-expected final investment decision on the Calypso gas field off Trinidad, unlocking vast natural gas reserves offshore.
- 01/26/2024
|
Offshore wind industry turns out for NY auction as BP and Equinor split
- Offshore wind developers submitted revised bids to supply power to New York state on Thursday to cope with soaring costs, with industry heavyweights Equinor and BP saying they would no longer develop projects together.
- 01/25/2024
|
Equinor to take full ownership of Empire Wind through swap transaction with BP
- Equinor said on Thursday it has entered into a swap transaction with BP to take full ownership of Empire Wind lease and projects while the British energy company takes over Beacon Wind.
- 01/25/2024
|
Investors Heavily Search BP p.l.c. (BP): Here is What You Need to Know
- Recently, Zacks.com users have been paying close attention to BP (BP). This makes it worthwhile to examine what the stock has in store.
- 01/25/2024
|
BP and Worley Extend Collaboration With a Five-Year Agreement
- BP and Worley join forces in a five-year global framework agreement, driving innovation in green hydrogen and sustainable fuels.
- 01/24/2024
|
BP sees Trinidad deepwater gas project getting greenlight as soon as 2025
- BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy , to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.
- 01/23/2024
|
How Is the Red Sea Conflict Affecting the Oil Industry?
- Houthi attacks create waves of uncertainty in Red Sea shipping, prompting major companies to reassess routes and security measures. An unpredictable situation raises market concerns.
- 01/23/2024
|
BP set to name Thomson permanent CFO, completing top management reshuffle
- BP is set to confirm Kate Thomson as its permanent chief financial officer after naming Murray Auchincloss as CEO last week, completing a leadership reshuffle following Bernard Looney's abrupt resignation in September, two sources with knowledge of the matter told Reuters.
- 01/23/2024
|
BP (BP) Exceeds Market Returns: Some Facts to Consider
- BP (BP) closed the most recent trading day at $34.25, moving +1.18% from the previous trading session.
- 01/22/2024
|
Fiserv's uChoose Lets BP and Amoco Customers Pay at the Pump
- Fiserv says members of its uChoose program can now use card reward balances to buy gas. The new offering, announced by the payments FinTech Monday (Jan. 22), lets users purchase fuel at roughly 7,000 BP and Amoco stations.
- 01/22/2024
|
EVs can save more fuel than North Sea licences, suggests new report
- Wholesale use of electric vehicles (EVs) could reduce the UK's need for fossil fuels by more than production from the North Sea oil licences recently announced by the government, a new report suggests. A rise in UK EV numbers to 6.3 million by 2030 would be sufficient to offset the need for fuel to be imported to power petrol and diesel vehicles and be a reduction comparable to the new licences, said the Energy and Climate Intelligence Unit (ECIU).
- 01/22/2024
|
Just How Safe Is Exxon Mobil Stock's Dividend?
- A key component of income investing is a portfolio that includes safe dividends, those that are unlikely to shrink or disappear.
- 01/21/2024
|
Energy stocks are still attractive despite crude oil pressures, says top analyst Paul Sankey
- Paul Sankey, Sankey Research, joins 'Fast Money' to talk the energy sector, pressure on crude oil prices, where to invest in the space and more.
- 01/17/2024
|
BP says interim CEO now permanent after predecessor resigned for failing to disclose personal relationships
- Murray Auchincloss, the interim CEO who took over BP after Bernard Looney resigned from his post last September, is now permanent, the company says.
- 01/17/2024
|
More Of The Same? BP Names Continuity Candidate Auchincloss As CEO
- After months of suspense over who would be BP's next CEO, and what sort of candidate the FTSE 100 energy giant had in mind to take the company forward, the appointment announced on Wednesday (January 17, 2024) didn't have any vow factor.
- 01/17/2024
|
UBS slashes share price expectations for BP
- Analysts at UBS have slashed their expectations for oil company BP PLC (LSE:BP.)'s share price.
- 01/17/2024
|
BP appoints Murray Auchincloss as permanent CEO
|
BP names acting boss Auchincloss as permanent chief executive
- BP PLC (LSE:BP.) on Wednesday confirmed interim chief executive Murray Auchincloss has been given the job on a permanent basis with immediate effect.
- 01/17/2024
|
BP names Auchincloss permanent CEO
- BP on Wednesday named Murray Auchincloss permanent CEO, four months after he was given the interim job following the sudden resignation of Bernard Looney over undisclosed relationships with employees.
- 01/17/2024
|
BP names Murray Auchincloss as permanent CEO
- British oil major BP on Wednesday named its interim chief Murray Auchincloss as permanent CEO, replacing Bernard Looney, who resigned on Sept. 12 after failing to fully disclose details of past personal relationships with colleagues.
- 01/17/2024
|
Here's Why BP (BP) Fell More Than Broader Market
- BP (BP) closed at $34.28 in the latest trading session, marking a -1.66% move from the prior day.
- 01/16/2024
|
Another Great Quarter And Year For LNG Shippers
- Another Great Quarter And Year For LNG Shippers
- 01/15/2024
|
BP: Middle East Tensions, OPEC+ And Oil Above $70
- Middle East tensions and voluntary production limitations by OPEC+ members support petroleum pricing. Higher product prices would obviously boost BP's earnings potential in FY 2024. BP's cheap valuation and solid profitability make it an attractive investment compared to its U.S. rivals.
- 01/13/2024
|
New Strong Sell Stocks for January 12th
- AIR, AVNS and BP have been added to the Zacks Rank #5 (Strong Sell) List on January 12, 2024.
- 01/12/2024
|
My Dividend Stock Portfolio: New December Dividend Record - 98 Holdings With 18 Buys
- The S&P500 delivered a strong year-end rally, gaining 4.5% in December and 26.3% for the year.
- 01/10/2024
|
3 Stocks for a Future Powered by Hydrogen
- Hydrogen stocks are likely to continue to be in focus this year thanks to continued worries about global warming. Countries around the world remain committed to reaching net zero, which will require a combination of energy-saving measures, a push for renewable energy development, and the development and deployment of low-carbon solutions like hydrogen energy.
- 01/09/2024
|
If You Can Only Buy One Hydrogen Stock in January, It Better Be One of These 3 Names
- Contributing to the health of our environment is everyone's job. As investors a great way we can help is by investing in companies.
- 01/09/2024
|
2024's Top 7 Rebound Picks: Contrarian Stocks in Rising Sectors
- 2023 was an unexpectedly strong year for the stock market. The emergence of generative AI created what might have otherwise been a disastrous year.
- 01/08/2024
|
BP Achieves 1 Billion Barrels Milestone at West Azeri Platform
- BP's West Azeri platform creates waves in the Caspian Sea, achieving a billion-barrel mark in total oil production in December 2023.
- 01/08/2024
|
BP investors want oil behemoth to target BAE chief as CEO- Sky News
- Some of BP's largest shareholders have urged the company to approach Charles Woodburn, the BAE Systems chief executive, about becoming the company's next boss, Sky news reported on Saturday.
- 01/06/2024
|
BP (BP) Suffers a Larger Drop Than the General Market: Key Insights
- BP (BP) concluded the recent trading session at $35.76, signifying a -0.67% move from its prior day's close.
- 01/04/2024
|
BP and Equinor Cancel Big New York Offshore Wind Project
- The project, known as Empire Wind 2, was expected to be installed 15 to 30 miles off the coast of Long Island.
- 01/03/2024
|
BP, L&G, Lloyds and Tesla most bought shares for UK investors in 2023, bargain hunting rules in December
- BP PLC (LSE:BP.), Legal & General Group PLC (LSE:LGEN) and Lloyds Banking Group PLC (LSE:LLOY) remained the most bought shares by UK small private investors in 2023 on most platforms, though Tesla Inc (NASDAQ:TSLA), Nvidia Corporation (NASDAQ:NVDA) and other members of the so-called Magnificent Seven US tech megacaps were top of the list for others.
- 01/03/2024
|
Equinor and BP cancel contract to sell offshore wind power to New York
- Equinor and BP terminated on Wednesday their agreement to sell power to New York state from their 1,260-megawatt Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.
- 01/03/2024
|
Why the Market Dipped But BP (BP) Gained Today
- BP (BP) closed at $35.40 in the latest trading session, marking a +0.2% move from the prior day.
- 12/29/2023
|
Quest For Next BP CEO May Drag On Well Into Q1 2024
- Even though energy giant BP (LON: BP) is remaining tight lipped, the hunt for its next CEO will likely drag on well into Q1 2024. The FTSE 100 company has been without a permanent boss since the unceremonious departure of Bernard Looney in September.
- 12/24/2023
|
The Last Fallen Angel For 2024
- BP p.l.c. is the quintessential oil and gas company that has taken good care of shareholders but has fallen 26.71% over the past 10 years. Despite its decline, BP has a strong dividend yield of just under 5% and has focused on diversifying its energy sources. BP has positioned itself to hugely grow its share of the LNG market by creating the essential infrastructure worldwide.
- 12/22/2023
|
Inflation Outlook Is Clouded by Shipping. Disruptions Hit Everyone From Ikea to BP.
- The attacks on container-carrying vessels in the Red Sea and drought in the Panama Canal have cut off two of the world's most important arteries for trade.
- 12/22/2023
|
Chill Brands' Chill ZERO vapes heading to Shell, BP and Esso stores
- Chill Brands Group PLC (LSE:CHLL, OTCQB:CHBRF) has received a “substantial initial purchase order” for its Chill ZERO nicotine-free vapour products from a prominent UK petrol station operator trading under major brands including Shell, Esso and BP. Following the sale, Chill ZERO products will launch into 265 of the operator's forecourt convenience stores during in the first quarter of 2024.
- 12/22/2023
|
Ikea facing shipment delays after Red Sea attacks
- Ikea has warned of shipment delays on the back of recent attacks on vessels in the Red Sea. The Swedish furniture retailer has become the latest to issue such a warning, given an increasing number of attacks on ships passing through the Suez Canal by Houthi rebels in Yemen since October's outbreak of war between Israel and Hamas.
- 12/21/2023
|
BP and Shell join in largest oil auction since 2015
- An auction for drilling rights in the Gulf of Mexico, spearheaded by the Biden administration, has successfully concluded, generating US$382 million in revenues. Oil firms such as Shell PLC (LSE:SHEL, NYSE:SHEL), Hess Corp. (NYSE:HES), BP PLC (LSE:BP.
- 12/21/2023
|
Oil companies offer $382 million for drilling rights in Gulf of Mexico in last offshore sale before 2025
- WASHINGTON — Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration's plans to scale back the sale to protect an endangered whale species.
- 12/20/2023
|
BP (BP) Outperforms Broader Market: What You Need to Know
- In the most recent trading session, BP (BP) closed at $35.40, indicating a +0.8% shift from the previous trading day.
- 12/19/2023
|
Shipping ETFs extend rally as ocean carriers remain on edge amid Houthi militant attacks in Red Sea
- Exchange-traded funds that track U.S. shipping stocks continued to surge on Tuesday after the world's major container shippers rerouted their tankers to avoid sailing through the Red Sea following attacks by Yemen's Iran-backed Houthi militants, as violence linked to the Israel-Hamas conflict prompted another spike in oil prices and in the cost of shipping.
- 12/19/2023
|
U.S. launches naval coalition to halt Houthi attacks on Red Sea shipping
- U.S. Defense Secretary Lloyd Austin announced a new international effort to thwart attacks on commercial shipping in the Red Sea that have helped trigger a rally in oil prices and saddled merchants with longer wait times and higher transport costs.
- 12/19/2023
|
BP Halts Red Sea Voyages Amid Rising Geopolitical Tensions
- BP joins other major companies in pausing all tanker transits through the Red Sea, altering shipping routes for safety and security.
- 12/19/2023
|
BP reignites 'greenwashing' debate with £50m British Museum donation
- BP is to donate £50 million to help pay for the renovation of the British Museum in Bloomsbury, London, reigniting the debate about greenwashing by major oil companies and fossil fuel-producing countries. The oil giant will provide the cash over 10 years to help with the “Masterplan” renovation said the museum, adding it was the biggest corporate donation so far to UK arts.
- 12/19/2023
|
Attacks in the Red Sea add to global shipping woes
- Recent attacks on vessels in the Red Sea have led major shipping companies to halt shipments through the waterway which is a key route for oil, refined products, and other consumer goods.
- 12/18/2023
|
Here's how the Houthi attacks in the Red Sea threaten the global supply chain
- Several shipping lines have suspended services through the Red Sea as more than a dozen vessels have been attacked since the start of the Israel-Hamas war.
- 12/18/2023
|
Oil giant BP pauses shipments through Red Sea following Houthi attacks
- Oil giant British Petroleum has paused all of its shipments in the Red Sea after a series of Houthi attacks on ships transiting the area over the past month. Shipping giants MSC, Hapag-Lloyd, CMA CGM and Maersk have all suspended shipments following the attacks.
- 12/18/2023
|
Oil Prices, Oil Stocks Climb as BP Reacts to Houthi Militants
- Oil prices and oil stocks are up this morning on news that BP (NYSE: BP ) will pause shipments through the Red Sea due to escalating attacks on transport vessels. This has apparently almost completely slowed trade through the Sea's major trade routes.
- 12/18/2023
|
Why Are Shipping Stocks ZIM, GNK, EGLE, SBLK Up Today?
- Shipping stocks are up on Monday after BP (NYSE: BP ) announced that it will no longer be using shipping routes that travel through the Red Sea. This announcement comes alongside increased attacks from Houthi in the region.
- 12/18/2023
|
Oil Giant BP Halts Shipments In The Red Sea Following Houthi Attacks
- BP paused all shipments through the Red Sea Monday, joining a handful of other freight companies who have suspended travel in the area after Houthi rebels from Yemen continue to attack ships in the strip.
- 12/18/2023
|
Houthi Attacks Cause BP to Stop Shipments Through Red Sea
- Oil and gas giant BP Plc said it will pause all shipments through the Red Sea following an escalation in attacks on merchant vessels by Houthi militants. Bloomberg's Annmarie Hordern reports.
- 12/18/2023
|
Oil Giant BP Joins Shipping Companies In Pausing Shipments Via Red Sea
- Oil major BP (LON: BP) has joined major global shipping companies in pausing shipments through the Red Sea in the wake of attacks on vessels by Yemen's Iran-backed Houthi rebels.
- 12/18/2023
|
BP pauses oil tanker traffic through Red Sea amid Houthi rebel attacks
- BP oil says the "deteriorating security situation" in the Middle East has forced it to halt shipments through the Red Sea on Monday.
- 12/18/2023
|
BP joins biggest shipping groups in halting traffic through the Red Sea on Houthi threat
- Energy giant BP has joined many of the world's biggest shipping companies in halting transits through the Red Sea following attacks out of Yemen by Houthi militants.
- 12/18/2023
|
Dow Jones Today: Futures Point to Gains for Stocks; Oil Rises as BP Pauses Red Sea Shipping
- Stock futures were up in premarket trading at the outset of the last full trading week of the year, while oil gained following shipping disruptions in the Red Sea.
- 12/18/2023
|
Oil prices boosted as BP reportedly suspends Red Sea crude shipments
- Crude futures rose Monday, lifted as attacks on shipping in the Red Sea by Houthi rebels heightened worries about supply disruptions from the Middle East.
- 12/18/2023
|
FTSE100 bosses earns 80 times more than average worker
- Bosses at Britain's biggest companies have seen no reduction in their pay relative to the average pay levels in 2022, a new survey has found. Analysis by the High Pay Centre think tank found the median ratio of FTSE 100 chief executives' pay was 80 times higher than for the average UK employee and 119:1 times the lowest paid.
- 12/18/2023
|
BP to pause red Sea shipments after attacks
- BP PLC (LSE:BP.) said it will pause all shipments through the Red Sea following an escalation of attacks on merchant shipping by Houthi militants.
- 12/18/2023
|
Oil Prices Climb as Red Sea Attacks Disrupt Shipments by BP and Others
- Separately, Russia said it may reduce crude output further.
- 12/18/2023
|
Oil major BP becomes latest to pause Red Sea shipments, with global supply chain in focus
- "You are going to see some fairly seismic activity in terms of the implications for supply chains," the editor in chief of Lloyd's List told CNBC.
- 12/18/2023
|
BP to pause tanker shipments through Red Sea: report
- BP BP, -2.77% said it's going to pause all tanker shipments through the Red Sea, Bloomberg News reported, citing a company statement. Several container lines on Friday said they were halting traffic amid concern over Houthi attacks.
- 12/18/2023
|
3 Integrated Energy Stocks to Gain From a Promising Industry
- From upstream activities to midstream, prospects for companies are rosy now, enhancing the outlook for the Zacks Oil and Gas Integrated International industry. XOM, CVX and BP will make the most of the favorable business scenario.
- 12/15/2023
|
BP Claws Back $41M From Ex-CEO Amid Misconduct Allegations
- BP's CEO Bernard Looney ousted for misleading board, faces $41M loss in salary, bonus and shares.
- 12/14/2023
|
Gundlach calls for 10-year yield to slide much further as Goldman forecasts three cuts in a row
- Kudos to Fundstrat's ever-bullish Tom Lee, one of the few to correctly predict Wednesday's dovish turn from the Federal Reserve that has unleashed bond and stock bulls.
- 12/14/2023
|
BP downgraded to underweight by JPMorgan
- BP BP, -0.24% was downgraded to underweight from neutral at JPMorgan, which cut its target price by 11% to 550 pence. “This year is revealing BP's cashflows as increasingly leveraged to wider standard deviation variables – notably trading and working cap.
- 12/14/2023
|
BP (BP) Increases Yet Falls Behind Market: What Investors Need to Know
- In the closing of the recent trading day, BP (BP) stood at $35.03, denoting a +0.78% change from the preceding trading day.
- 12/13/2023
|
Ex-BP CEO Giving Up $40 Million After ‘Serious Misconduct' Led To Exit
- Former BP chief executive Bernard Looney will have to forfeit more than $40 million in compensation—and return some of last year's bonus—the oil giant said Wednesday, after the company found he “knowingly misled the board” in an act of “serious misconduct” when he failed to fully disclose personal relationships with colleagues, leading to his departure.
- 12/13/2023
|
BP clawing back $40M from ex-CEO Bernard Looney who had relationships with colleagues
- Looney resigned in September after less than four years in the role for failing to fully disclose details of past personal relationships with colleagues.
- 12/13/2023
|
BP's former boss Looney to forfeit £32m after ‘serious misconduct'
- BP PLC (LSE:BP.) has said former Chief Executive Bernard Looney has been dismissed without notice after concluding he had "knowingly misled the board".
- 12/13/2023
|
BP Questions US Regulator's Venture Global LNG Oversight
- BP alleges that Venture Global is violating FERC disclosure rules and operating opaquely, affecting long-term customers.
- 12/12/2023
|
BP challenges US energy regulator's oversight of Venture Global LNG plant
- BP PLC has challenged U.S. energy regulators' approvals of a Venture Global LNG liquefied natural gas export facility, arguing the Federal Energy Regulatory Commission (FERC) has failed to enforce its regulations, according to a letter filed with FERC on Monday.
- 12/11/2023
|
The 3 Best Oil Stocks to Buy in December
- If you think now is a bad time to consider adding oil stocks to your portfolio, think again. Sure, oil is currently in a downswing.
- 12/10/2023
|
Exclusive: Venezuela prods BP, Chevron to revive gas project near Trinidad, Guyana
- Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana, five people close to the talks said.
- 12/08/2023
|
Oil price tests six-month lows as US production soars
- Oil prices traded around six-month lows on Friday, with the talk of $100/barrel seeming a distant memory. Brent crude was trading around $75/barrel while West Texas Intermediate has pushed back above $70/barrel after falling below earlier this week.
- 12/08/2023
|
BP Drills Oil Well at New Azeri-Chirag-Gunashli Platform
- The latest achievement allows BP to meet its first oil production target for ACE and deliver it in early 2024.
- 12/06/2023
|
BP starts drilling oil production well at new platform of Azeri-Chirag-Gunashli project
- BP has started drilling the first oil production well from the new Azeri Central East (ACE) platform in the Azeri sector of the Caspian Sea, the company said on Tuesday.
- 12/05/2023
|
Trinidad's Atlantic LNG restructuring to shrink Shell's stake, boost BP's -sources
- Shell's ownership in Trinidad and Tobago's Atlantic LNG facility will shrink, while BP and Trinidad's state-owned National Gas Co [RIC:RIC:NGCTT.UL] will increase their stakes in a restructuring agreement to be signed this week, according to three people familiar with the matter.
- 12/04/2023
|
Top trades for 2024 encircle Big Tech, but their bonds are a better bet, Bank of America says
- Top trades headed into the new year are encircling the Big Tech names, but not in the way many might think.
- 12/02/2023
|
Why Is Brazil Joining OPEC+ and What Does It Mean?
- Since the election of President Luiz Inácio Lula da Silva last year, Brazil has been working to repair the damage done to its economy by former leader Jair Bolsonaro. Yesterday, though, the country announced an important decision that will likely impact one of its most prominent sectors.
- 12/01/2023
|
Here are 3 Integrated Majors Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell (SHEL) and Eni (E).
- 12/01/2023
|
BP takes full control of solar subsidiary Lightsource in deal worth $254 million
- BP has struck a £254 million deal ($321 million) to take full control of its renewables subsidiary Lightsource BP by buying up the remaining 50.3% stake in the company, which is now Europe's biggest solar developer.
- 11/30/2023
|
BP not expected to get a new CEO this year
- BP PLC (LSE:BP.) has so far failed to recruit a new chief executive officer since Bernard Looney resigned from the position in September.
- 11/30/2023
|
BP's search for new CEO to extend into next year as Looney probe drags on
- BP's search for a new chief executive is set to extend into the first quarter of 2024, three sources told Reuters, while the board's probe into whether previous CEO Bernard Looney breached the code of conduct in his undisclosed personal relationships with staff drags on.
- 11/30/2023
|
Flat Since The Beginning Of 2023, Where Is BP Stock Headed?
- BP stock has increased only 1% year-to-date, compared to a 19% growth in the S&P index.
- 11/28/2023
|
BP gets upgrade as recent slide has gone too far, suggests bank
- BP has received a share price target upgrade from Canadian bank RBC, which suggests the recent beating has gone far enough. Two disappointing sets of results and the departure of its chief executive have, understandably, left investors a little unsure of what is going on at the oil and gas giant.
- 11/27/2023
|
BP enters Japan's power retail market
- BP said on Monday it has entered Japan's power market after receiving approval from the industry ministry to operate as a retail electricity provider.
- 11/27/2023
|
BP: Integrated Energy Major With Attractive Mid-Term Returns
- BP is a leading multinational oil and gas company with a strong upstream pipeline and low-carbon growth strategy. Q3 results were weak, primarily due to weak gas marketing and trading performance, but the miss is not indicative of fundamental weaknesses. We project a mid-term embedded IRR in the low to mid-teens, and we recommend buying BP shares.
- 11/25/2023
|
Despite Its Valuation, BP Remains A Hard Pass For Me
- BP has underperformed its peers in the oil industry, with a return of only 32% since November 2013. The company's strategy shift towards renewable energy has not resonated well with investors, leading to a lower price-to-earnings ratio compared to its peers. BP's reliance on its trading unit for windfall profits and its failure to explain its mechanics have impacted its valuation and caused volatility in earnings.
- 11/24/2023
|
BP has to spend $35 billion per year to be net zero compliant by 2050
- International Energy Agency says BP plc (LON: BP) has to spend way more than it currently is to become a net zero energy giant by 2050. Its shares are still up 2.0% at writing.
- 11/23/2023
|
BP, Corio to Invest $1.16 Billion in South Korea's Wind Energy
- BP and Corio Generation join forces for a green revolution in South Korea, by injecting $1.16B in offshore wind farm projects.
- 11/23/2023
|
Shell and BP may need US$945 billion to become net zero energy major
- Shell PLC (LSE:SHEL, NYSE:SHEL) or BP PLC (LSE:BP.) may have to spend US$35 billion every year until 2050 if it wants to remain a ‘major' energy company.
- 11/23/2023
|
BP, Equinor's Empire Wind Receives US Administration Approval
- BP and Equinor are developing two offshore wind ventures, referred to as Empire Wind 1 and Empire Wind 2.
- 11/22/2023
|
BP And Equinor Win U.S. Government Approval For 2.08GW Wind Farm Off Long Island
- An offshore wind farm project 12 nautical miles off Long Island, New York - backed by energy giants BP and Equinor - has received U.S. government approval.
- 11/22/2023
|
BP, Corio plan to invest over $1 bln in South Korea wind farms -ministry
- South Korea's Ministry of Trade, Industry and Energy said on Wednesday British-based offshore wind firm Corio Generation and BP PLC have submitted investment plans for wind farm projects in South Korea totaling $1.16 billion.
- 11/22/2023
|
BP Invests $100M in Indiana's Fowler Ridge 1 Wind Farm Upgrade
- BP transforms Fowler Ridge 1 with Vestas turbines, aiming for a 40% energy boost and a cleaner, more efficient wind energy future.
- 11/21/2023
|
BP Expands Its Digital Horizon With Copilot for Microsoft 365
- BP sets the stage for a digital revolution by partnering with Copilot's AI assistant to redefine work processes and empower employees globally.
- 11/20/2023
|
3 Hydrogen Stocks You'll Regret Not Buying Soon: November 2023
- Economies around the world are turning to clean energy sources in a bid to slow global warming, and that's brought hydrogen stocks into demand. Hydrogen on its own is nothing new.
- 11/19/2023
|
Carbon credit shaming does nothing to develop voluntary market: Stifel
- Carbon credits bought by companies seeking to offset emissions have been alleged to have derived from projects potentially linked to forced labour in China, the Guardian reported. Those credits were sourced from the Bachu carbon project developed by South Pole, the world's largest carbon consultancy.
- 11/17/2023
|
3 Dividend Stocks That Now Yield More Than the 10-Year Treasury Rate
- Duke Energy is a safe and reliable utility with a high yield. Dow stock deserves to be higher than when it spun off from DowDuPont.
- 11/17/2023
|
BP seeks partnerships to navigate renewables storm
- BP is seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies to tackle inflation and equipment bottlenecks that have battered the renewables sector.
- 11/17/2023
|
BP Makes Statement Tieback To North Sea Hunting Ground After 20 Years
- Following months of mixed headlines, BP recently attempted to grab attention for the right reasons by announcing a statement North Sea oil and gas exploration move.
- 11/15/2023
|
BP Requests US and EU Help in Venture Global LNG Dispute
- The European energy groups, including BP and Shell, are actively pursuing measures to compel Venture Global LNG to fulfill the terms of the contracted cargo or face financial penalties.
- 11/15/2023
|
Why oil majors Shell and BP are combining solar energy and agricultural production
- Oil giants BP and Shell are investing in an emerging industry called agrivoltaics, which combines solar energy generation with agricultural activities.
- 11/14/2023
|
3 Energy Stocks You Should Avoid Like the Plague
- The outlook for oil and natural gas has gotten cloudy. After rising above $90 a barrel earlier this fall, prices fell back to $75 and are now hovering near $80 for a barrel of crude oil.
- 11/13/2023
|
BP, Edison, Shell ask US, EU to intervene in Venture Global LNG dispute
- BP , Edison and Shell pressed a U.S.-EU energy group to intervene in a dispute with liquefied natural gas exporter Venture Global LNG over the U.S. firm's failure to deliver contract supplies of the fuel.
- 11/11/2023
|
Here is What to Know Beyond Why BP p.l.c. (BP) is a Trending Stock
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 11/10/2023
|
The 3 Best Oil Stocks for Income Investors to Buy Now
- Two things have become apparent regarding oil stocks. First, they have become incredibly cheap this year as share prices have retreated and given up much of the gains recorded in 2022.
- 11/07/2023
|
As Energy Megadeals Rise, Is BP The Next FTSE 100 Takeover Target?
- Whenever cyclical volatility hits the energy markets, consolidation often becomes the order of the day as oil majors go on the prowl. The latest M&A spree may ensnare BP.
- 11/07/2023
|
The Third Quarter Showed The Hidden Power Of LNG Shippers
- The LNG shipping sector strengthened in Q3, gaining 1.74% while the S&P 500 index lost 2.52%. UPI outperformed SPX with bigger gains and lower volatility. Japan's "K" line had double-digit returns in both Q2 and Q3, while Excelerate Energy experienced a decline.
- 11/06/2023
|
What To Make Of BP And Shell Dividends Following Latest Results?
- Both BP (LON: BP) and Shell (LON: SHEL) appear to be focused on enhanced shareholder returns over the near-term. So what should investors expect as 2024 approaches?
- 11/03/2023
|
BP has the cash to maintain buybacks calculates Barclays
- BP can afford to maintain its US$1.5 billion buyback in the current quarter according to analysts at Barclays, who say suggestions to the contrary are incorrect. According to the bank, BP's policy is to pay out 60% of surplus cashflow for 2023 in the form of share buybacks.
- 11/03/2023
|
Wind power is losing in New Jersey, but winning in Virginia. Here's where the rest of the U.S. stands.
- The Biden administration early this week approved the construction of the largest wind-power farm in the United States, more than 170 giant turbines to be built roughly 27 miles off the coast of Virginia Beach, Va.
- 11/02/2023
|
BP PLC down for a second day in a row as influential Wall Street bank goes bearish
- BP PLC (LSE:BP.)'s earnings miss has wiped £5.5 billion from BP's valuation in little over a day, and it has also given one of the world's most influential investment banks pause for thought.
- 11/01/2023
|
BP low carbon boss calls U.S. offshore wind industry 'fundamentally broken'
- The head of BP's gas & low carbon business said on Wednesday the U.S. offshore wind industry is "fundamentally broken" but issues can be resolved, after BP and partner Equinor wrote down $840 million on their U.S. projects.
- 11/01/2023
|
BP cut to underweight at JPMorgan after third-quarter results
- BP UK:BP BP was downgraded to underweight from neutral at JPMorgan, following the oil major's third-quarter results. “This year is revealing BP's cashflows as increasingly leveraged to wider standard deviation variables – notably trading and working cap,” said analysts led by Christyan Malek.
- 11/01/2023
|
Weir Group hires BP's Brian Puffer, reiterates 2023 guidance
- The Weir Group PLC (LSE:WEIR) has appointed Brian Puffer, the chief financial and risk officer at BP PLC (LSE:BP.)'s supply and trading unit, as its chief financial officer.
- 11/01/2023
|
BP's Earnings Show Why Gas Prices Could Keep Falling
- The main reason for the decline in gas prices comes at the refinery level, where crude oil is turned into gasoline.
- 10/31/2023
|
BP PLC (BP) Q3 2023 Earnings Call Transcript
- BP PLC (NYSE:BP ) Q3 2023 Earnings Conference Call October 31, 2023 5:00 AM ET Company Participants Murray Auchincloss - Interim CEO & Director Katherine Thomson - SVP, Finance for Production & Operations and Interim CFO Craig Marshall - Group Head, IR Conference Call Participants Henri Patricot - UBS Irene Himona - Societe Generale Oswald Clint - Sanford C. Bernstein & Co. Henry Tarr - Berenberg Christopher Kuplent - Bank of America Merrill Lynch Peter Low - Redburn Lucas Herrmann - BNP Paribas Exane Biraj Borkhataria - RBC Capital Markets Kim Fustier - HSBC Michele Vigna - Goldman Sachs Group Lydia Rainforth - Barclays Bank Christyan Malek - JPMorgan Chase & Co. Paul Cheng - Scotiabank Unidentified Company Representative Good morning, everyone, and welcome to BP's Third Quarter 2023 Results Presentation.
- 10/31/2023
|
BP's disappointing profit a kitchen sinking exercise or just a bad quarter?
- BP PLC (LSE:BP.) third-quarter results were expected to show monster profits but turned out to be a Halloween fright instead.
- 10/31/2023
|
BP Q3 Earnings Miss Estimates, Revenues Fall Year Over Year
- BP's Q3 earnings get impacted by lower realizations of commodity prices and a decline in refinery throughputs.
- 10/31/2023
|
BP shares fall as oil major misses earnings expectations on gas trading
- Shares in BP dropped sharply on Tuesday after the British oil major fell short of analysts' expectations in posting a 60% drop in its third-quarter profits, following a weak performance from its gas trading division.
- 10/31/2023
|
BP Misses on Profit. The Stock Is Falling.
- BP maintained its dividend and extended its share buyback program.
- 10/31/2023
|
BP sees £4bn wiped from its value after Q3 earnings miss
- BP PLC (LSE:BP.) reported a substantial decline in profits for the third quarter, falling short of analysts' expectations and wiping more than £4 billion off the company's market value.
- 10/31/2023
|
World Bank says oil prices could hit $150 a barrel
- The World Bank has cautioned that escalating conflict in the Middle East could propel oil prices to over $150 per barrel, triggering significant increases in energy and food costs worldwide. This comes amid a vulnerable global economy still reeling from last year's price surges following Russia's invasion of Ukraine.
- 10/31/2023
|
BP CEO Auchincloss says BP, Equinor assessing New York's wind plan
- BP remains committed to its offshore wind growth plans after the energy company booked a $540 million impairment on two U.S. projects, CEO Murray Auchincloss told Reuters on Tuesday.
- 10/31/2023
|
BP profit more than halves, missing City expectations
- BP PLC (LSE:BP.)'s profit more than halved in the third quarter, falling short of City forecasts, as weak results in gas marketing offset a strong performance in oil trading.
- 10/31/2023
|
BP's Q3 profits drop sharply, buybacks extended
- BP reported on Tuesday third-quarter earnings of $3.3 billion, missing analysts' forecasts, after a large drop in energy prices from a year ago, as the company extended its $1.5 billion share repurchase programme.
- 10/31/2023
|
Oil major BP misses estimates for third quarter as profits plummet
- This quarter, former CEO Bob Dudley left the oil major over failure to disclose relationships with colleagues this quarter.
- 10/31/2023
|
Exclusive: BP explores forming joint ventures to boost US shale -sources
- BP is seeking to form joint ventures around its U.S. onshore natural gas fields to expand production and cut costs as rival energy giants rush to scale up shale businesses, three sources with direct knowledge of the talks told Reuters.
- 10/30/2023
|
BP tipped to mark Halloween with monster profits
- It's Halloween, but investors are unlikely to fear scary headlines from BP PLC (LSE:BP.) though they might need a few more calculator noughts.
- 10/30/2023
|
Israel awards gas exploration licences to ENI, BP and four others
- Israel's Energy Ministry said on Sunday it had awarded 12 licenses to six companies to explore for natural gas off the country's Mediterranean Coast, aiming to create more competition and diversify suppliers.
- 10/29/2023
|
BP Buying $100M Worth of Tesla EV Chargers: What's the Big Deal?
- The fossil fuel conglomerate will be the first to acquire chargers directly from Tesla for its third-party network. What does that mean for EV drivers?
- 10/28/2023
|
Is Trending Stock BP p.l.c. (BP) a Buy Now?
- Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 10/27/2023
|
BP Places $100 Million Order for Tesla ($TSLA) Ultra-Fast EV Chargers to Boost Pulse Network
- Tesla (NASDAQ: TSLA), a global leader in electric vehicle production and charging infrastructure, has announced a $100 million deal with bp. Tesla's fast chargers will join the bp pulse EV charging network, enhancing its coverage across the US.
- 10/26/2023
|
BP to pay $100 million for Tesla ultra-fast charging hardware
- BP Plc BP, +0.70% BP, -0.60% announced Thursday a deal in which it will pay Tesla Inc. TSLA, -1.89% $100 million for ultra-fast charging hardware units. The deal will help BP Pulse, the U.K.-based oil giant's electric vehicle charging network, expand its U.S. network.
- 10/26/2023
|
Tesla gets $100 mln US ultra-fast charger order from BP EV charging unit
- BP's electric vehicle charger unit is ordering $100 million worth of Tesla ultra-fast chargers for rollout in the United States, the first deployment of Tesla's chargers on an independent network, the companies said on Thursday.
- 10/26/2023
|
BP (BP) Stock Falls Amid Market Uptick: What Investors Need to Know
- BP (BP) concluded the recent trading session at $38.79, signifying a -0.28% move from its prior day's close.
- 10/24/2023
|
Factors Likely to Determine the Fate of BP in Q3 Earnings
- Declining replacement cost profit before interest and tax from oil production and operations is likely to have hurt BP's Q3 earnings.
- 10/24/2023
|
As the BP and Shell share prices surge, are they still good buys?
- Shell (LON: SHEL) share price has surged to a record high, helped by the soaring crude oil price. The stock reached a high of 2,800p in London this month.
- 10/24/2023
|
BP in Talks to Exit Senegal's Yakaar-Teranga Natural Gas Field
- BP-operated Yakaar-Teranga Phase 1 represents a conventional gas development in the ultra-deepwater region of Senegal.
- 10/20/2023
|
The Biden Administration Is Spending $7 Billion on This Renewable Fuel, and These Stocks Stand to Benefit
- The Biden administration just announced the winners of seven regional hydrogen hubs stemming from the Bipartisan Infrastructure Law passed in 2021. Hydrogen is known as the "Swiss army knife" of renewable fuels.
- 10/20/2023
|
BP and Shell still City favourites despite climate brickbats
- BP and Shell might be the bane of environmental protestors, but, in the City, the oil and gas duo can do no wrong currently. Two heavyweight brokers this week upgraded their forecasts for the duo, with a big chunk of the upgrade related to their shift (or not) towards greener fuels.
- 10/19/2023
|
BP: I Remain Bullish On This Quality Company
- BP offers a solid yield of around 4.5% and trades at an appealing discount to the rest of the energy sector. The company is diversifying its operations and investing in low-carbon energy solutions, including carbon capture and storage projects. Investing in BP comes with exposure to commodity price volatility, but the company is actively positioning itself for a future of energy diversification.
- 10/18/2023
|
The 3 Top Energy Stocks to Watch in Q4
- With oil prices rising thanks to uncertain macroeconomic conditions, many investors are hunting for top energy stocks to capitalize on. But it's important to remember that oil prices aren't always riding high — their brief dip below zero a few years ago is easily forgotten.
- 10/18/2023
|
Dividend Income Update September 2023
- With the start of the final quarter of 2023, it's time to take a look back at my previous month of dividend income. Getting close to that $2,000 milestone in a month sure looks amazing. I know, those end of quarter months are always the big payers but it's still nice to see.
- 10/17/2023
|
Factors Likely to Determine the Fate of SLB in Q3 Earnings
- Favorable commodity prices are likely to have aided SLB's well construction and reservoir performance activities in Q3.
- 10/17/2023
|
BP and ADNOC's $2 Billion Bid for Israeli Gas Stake on Track
- BP and ADNOC stand resolute in their $2 billion partnership with NewMed Energy despite geopolitical tensions.
- 10/12/2023
|
BP Raises 2030 EBITDA Guidance, Reiterates Capex Outlook
- BP retains its capital expenditure targets for 2025 and 2030.
- 10/11/2023
|
BP stock has “longevity”, says Barclays
- Analysts foresee potential upside in oil conglomerate BP PLC (LSE:BP.)'s stock still to come following its latest capital markets update.
- 10/11/2023
|
BP reportedly sticking to its green targets
- BP PLC (LSE:BP.) has confirmed its ongoing commitment to reducing oil and gas output, despite recent upheavals in its executive leadership, according to a report in the Financial Times.
- 10/11/2023
|
BP (BP) Beats Stock Market Upswing: What Investors Need to Know
- In the closing of the recent trading day, BP (BP) stood at $38.62, denoting a +0.63% change from the preceding trading day.
- 10/10/2023
|
BP says remains committed to financial, climate ambitions
- BP said on Tuesday it remained committed to its financial and carbon reduction ambitions, at a start of an investor day in Denver led by interim CEO Murray Auchincloss.
- 10/10/2023
|
7 Undervalued Stocks to Combat Climate Change Head-On
- Climate change stocks are an important and controversial thematic area for investors. Runaway carbon emissions fears were overstated but net emissions continued to rise overall in 2022.
- 10/10/2023
|
7 Dividend Stocks Ready to Roar Into 2024
- In the ever-evolving financial realm, dividend stocks to buy continue to hold a revered space in a savvy investor's portfolio. These dividend-yielding stalwarts offer a steady income source, along with a pathway to augment your portfolio's value over time, by redeploying dividend payouts into the underlying company.
- 10/09/2023
|
These Oil Stocks Reign Supreme Over Their Rivals
- Exxon and TotalEneriges stand out for their peer-leading ROICs. They're earning higher investment returns than rivals.
- 10/08/2023
|
BP Brings Online First RNG Plant Post Archaea Acquisition
- BP's Archaea Energy leads the charge in RNG production in Indiana, as part of the company's commitment to attaining net-zero emissions.
- 10/05/2023
|
3 Top Dividend Stocks to Buy in Q4 2023
- Dividend payments are important to investors—especially with stock prices softening in the face of high interest rates. Many shareholders depend on the cash they get from dividend stocks for both income and just general portfolio buoyancy amid ongoing uncertainty.
- 10/04/2023
|
BP Plans to Divest Its Pipeline Stake in US Gulf of Mexico
- BP aims to generate up to $1 billion through the potential divestment, which would help reduce debt and sustain its dividend payments.
- 10/04/2023
|
BP launches first US biogas plant since Archaea acquisition
- BP on Wednesday launched its first plant processing renewable gas from landfill since its $4 billion acquisition of the largest U.S. biogas producer Archaea Energy last December.
- 10/04/2023
|
BP explores $1 billion US pipelines stake sale -sources
- BP Plc is exploring the sale of a 49% stake in its U.S. oil and gas pipeline network in the Gulf of Mexico, hoping to raise as much as $1 billion, according to people familiar with the matter.
- 10/03/2023
|
Former BP boss Bob Dudley says Looney's shock exit ‘came out of nowhere'
- Former BP CEO Bob Dudley said Tuesday that the shock resignation of Bernard Looney last month "came out of nowhere."
- 10/03/2023
|
BP: Significantly Undervalued At Current Oil Prices
- BP has experienced challenging conditions in the oil market but has financially stabilized and is now a cash cow. The company plans to give back surplus cash flow to shareholders through dividend increases and share buybacks. BP shares are undervalued at current oil prices and offer upside potential even at lower oil prices.
- 10/03/2023
|
BP strategy on track after Looney's departure, says interim CEO
- BP interim CEO Murray Auchincloss said on Monday that the energy company's strategy remains on track following the abrupt resignation of Bernard Looney last month.
- 10/02/2023
|
Panel reviewing BP, Adnoc offer for Israel's NewMed seeks higher price -sources
- A panel reviewing a $2 billion offer by Abu Dhabi's national oil company and BP to acquire a 50% stake in Israeli gas producer NewMed has recommended raising the asking price by over 10%, casting doubt over the deal, sources said.
- 10/02/2023
|
Top BP executive in the US to leave company -memo
- BP's top executive in the United States, Dave Lawler, is leaving the company, BP said on Friday in a memo to employees just weeks after BP's chief executive Bernard Looney resigned from the company.
- 09/29/2023
|
BP Joins Forces With Harmony Energy for Battery Storage Projects
- BP signs an agreement with Harmony Energy for pioneering two battery storage projects, set to revolutionize grid stability.
- 09/27/2023
|
7 High-Yield Energy Stocks to Buy as Oil Prices Rise
- Energy stocks are getting stronger as oil prices gush higher. Granted, 2023 didn't begin as strongly for the sector with prices cooling.
- 09/25/2023
|
Oil will hit triple digits if OPEC sustains cuts and demand holds up: BofA Securities' Blanch
- Francisco Blanch, global head of commodity & derivatives strategy at BofA Securities, and John Kilduff, Again Capital founding partner, join 'Squawk on the Street' to discuss the rising oil prices and their impact on the market.
- 09/25/2023
|
Oil and gas weekly round-up: 88 Energy, BP, Orcadian
|
BP, Shell to Explore 3 Trinidad and Tobago Deepwater Blocks
- BP and Shell revise their initial bids to incorporate the drilling of at least three deepwater wells as part of a proposed work program, as well as acquiring 3D seismic data for the unexplored acreage.
- 09/22/2023
|
Pay For Higher Gas Prices With These Oil Dividends
- Oil prices have steadily climbed over the past few months, resulting in higher gasoline prices for consumers. Three energy companies are highlighted as beneficiaries of higher oil prices. Their dividends can help offset the cost of expensive gasoline. Buying shares in these energy companies can serve as a hedge against high oil prices and their dividends can assist consumers in paying for more expensive fuel.
- 09/22/2023
|
BP, Shell near agreement with Trinidad to explore deepwater blocks
- A BP Plc and Shell Plc consortium is near to striking an agreement with Trinidad and Tobago to explore three deepwater blocks in the Caribbean country, the companies said.
- 09/21/2023
|
BP Appoints Kate Thomson as Interim CFO in Leadership Reshuffle
- Kate Thomson, who has been serving BP for nearly two decades, steps in as the new interim CFO post the controversial exit of Looney.
- 09/20/2023
|
BP names Kate Thomson as interim CFO
- BP PLC (LSE:BP.) has named Kate Thomson as interim chief financial officer following the appointment of Murray Auchincloss as interim chief executive officer last week following the resignation of Bernard Looney.
- 09/19/2023
|
BP names Kate Thomson as interim CFO in post-Looney reshuffle
- BP on Tuesday appointed Kate Thomson as interim chief financial officer to take the place of Murray Auchincloss who became interim CEO last week.
- 09/19/2023
|
California sues Chevron, Exxon, Shell, others for public deception on climate change
- The state claims that big oil companies have intentionally covered up their role in exacerbating climate change since at least the 1970s.
- 09/18/2023
|
BP, Exxon, Shell, Chevron sued by California for decades of lies
- Exxon, BP, Shell, ConocoPhillips (NYSE:COP) and Chevron are being sued by the State of California, which claims they have lied for decades about the extent of the damage likely to be caused by using oil and gas. A civil suit filed in the state Superior Court in San Francisco wants the companies to pay into a fund to repair damage caused by wildfires and storms that have recently ravaged the region.
- 09/18/2023
|
California Sues 5 Oil Giants: Here Are The Biggest Numbers Behind The Explosive Lawsuit
- California Attorney General Rob Bonta accuses several oil companies of lying to the public “to further their record-breaking profits.”
- 09/16/2023
|
California goes to war with oil and gas giants over climate change 'deception'
- The state of California has filed a lawsuit against major oil and gas companies, alleging the fossil fuel industry has lied about the harms of climate change for decades.
- 09/16/2023
|
BP needs female CEO, fewer pastels and to refocus on oil, says analyst
- BP should appoint the first-ever female chief executive among the oil super giants and do a swift about-turn on its green ambitions, according to analyst David Hewitt at Liberum. Hewitt says the departure of Bernard Looney has presented the oil and gas giant with three major opportunities.
- 09/15/2023
|
BP will consider external candidates for CEO; chair rules himself out of the running
- BP PLC (LSE:BP.) is considering both internal and external candidates in its search for a new chief executive, following the abrupt resignation of Bernard Looney.
- 09/15/2023
|
BP to Invest $10.7B for Clean Energy Initiatives in Germany
- BP intends to allocate a budget of $55-$65 billion toward its emerging transition ventures from 2023 to 2030, eventually matching its financial commitment to oil and gas.
- 09/14/2023
|
BP Chair Helge Lund rules himself out as the next CEO -FT
- The chair of BP Helge Lund, has ruled himself out as the oil giant's next chief executive, The Financial Times reported on Thursday.
- 09/14/2023
|
BP says its acting CEO also has relationship with coworker — days after it ousted Bernard Looney over misconduct
- BP's CFO Murray Auchincloss -- who's serving as interim CEO after Bernard Looney failed to disclose his own in-office personal relations -- is in a "longstanding relationship" with another BP staffer, the company confirmed to The Post.
- 09/14/2023
|
BP's replacement for Looney also reportedly in a relationship with colleague
- After BP PLC (LSE:BP.) parted ways with chief executive Bernard Looney due to a lack of transparency over his relationships with colleagues, it turns out that his replacement is also involved with a member of staff.
- 09/14/2023
|
This chart shows how BP underperformed rivals under now departed CEO
- That might be the message from shareholders after BP BP, +0.42% BP, +2.52% CEO Bernard Looney resigned, after agreeing he did not properly disclose to the board the number of past relationships he had with colleagues before becoming CEO.
- 09/14/2023
|
BP: CEO Change, Energy Strategy, Surging Oil Prices
- BP is experiencing a CEO change and increasing its clean energy push in Europe. The company plans to invest up to $11 billion in green and new energy assets in Germany. Rising oil prices are expected to benefit BP's legacy hydrocarbon business.
- 09/13/2023
|
BP begins search for new CEO with no clear front-runner
- BP CEO Bernard Looney's abrupt resignation has thrown the British oil major into a leadership crisis with no groomed front-runner to succeed him, company and industry sources said on Wednesday.
- 09/13/2023
|
BP Left Looking for a New CEO
- BP Chief Bernard Looney abruptly resigned after failing to fully disclose that he's had past relationships with colleagues. Chief Financial Officer Murray Auchincloss will take the top job on an interim basis.
- 09/13/2023
|
Is BP now a bid target after CEO departure?
- The sudden resignation of BP PLC (LSE:BP.)'s CEO, Bernard Looney, has left the oil giant vulnerable to acquisition, according to analysts from Barclays.
- 09/13/2023
|
BP CEOs: timeline of a poisoned chalice or litany of embarrassment?
- BP PLC's (LSE:BP.) latest setback sees boss Bernard Looney leave with immediate effect over governance issues, but this is far from the company's biggest debacle.
- 09/13/2023
|
BP CEO Bernard Looney Resigns Amid Transparency Controversy
- BP CEO Looney resigns after not being transparent about past personal relationships with colleagues.
- 09/13/2023
|
Looney departs BP with no great drama in the City
- City analysts shrugged off the premature departure of BP chief executive Bernard Looney overnight, saying the business has management depth to cope and is in good shape operationally. Murray Auchincloss, the finance head, will take over as chief executive on an interim basis and that is a good thing, according to UBS.
- 09/13/2023
|
BP's interim CEO to stick to energy transition after Looney's exit -sources
- BP's interim CEO Murray Auchincloss is expected to stick to the company's plans to shift away from oil and gas following CEO Bernard Looney's abrupt resignation, company sources said.
- 09/13/2023
|
BP CEO's resignation: Investors dislike uncertainty, analyst says
- Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, says there is a great deal of uncertainty about who's going to take the top job on a full-time basis, and the market has been "incredibly supportive" of BP CEO Bernard Looney's strategies.
- 09/13/2023
|
BP CEO's Exit Casts Doubt on Idea Oil Companies Can Lead Green Transition
- Environmental activists may have doubted that Big Oil was ever interested in cutting carbon emissions and working toward net zero, but Bernard Looney tried to set out a different path.
- 09/13/2023
|
Where Next For BP Following CEO Bernard Looney's Shock Resignation?
- Looney's successor will have to make a crucial call on whether or not to pivot back to oil and gas, as the company's fellow British rival Shell appears to be doing.
- 09/13/2023
|
BP CEO Bernard Looney resigns over failure to disclose personal relationships with colleagues
- Bernard Looney will step down with immediate effect. CNBC's Dan Murphy reports.
- 09/13/2023
|
BP CEO resigns after not being 'fully transparent' about past relationships with colleagues
- BP CEO Bernard Looney has resigned, effective immediately, the company announced Tuesday. Looney's time at the helm of the London-based oil company began in 2020.
- 09/12/2023
|
BP CEO resigns over relationships with colleagues
- BP (BP) shares closed the day lower as CEO Bernard Looney resigned after acknowledging he had not been "fully transparent" about personal relationships he had with colleagues, according to a statement from the company. The statement says an investigation is ongoing and that relationships occurred before Looney became CEO.
- 09/12/2023
|
Bernard Looney steps down as the Chief Executive of BP plc
- Bernard Looney just stepped down as the head of BP plc (LON: BP). Shares of the energy giant are trending down this afternoon.
- 09/12/2023
|
BP CEO resigns after probe reveals undisclosed relationships with colleagues
- BP CEO Bernard Looney has resigned after admitting that he had not been "fully transparent" about "historical relationships with colleagues," according to a statement from the oil giant on Tuesday.
- 09/12/2023
|
BP CEO resigns after failing to disclose personal relationships with colleagues
- BP chief executive Bernard Looney has resigned after failing to disclose personal relationships with colleagues, the company said in a statement Tuesday.
- 09/12/2023
|
BP CEO Bernard Looney resigned over relationships with colleagues: report
- BP BP, -1.24% Chief Executive Bernard Looney has resigned due to insufficient disclosures of past personal relationships with colleagues, according to a report from the Financial Times. The FT reported that BP said Looney told the oil major that “he was not fully transparent in his previous disclosures.
- 09/12/2023
|
BP Chief Stepping Down Over Personal Relationships With Colleagues
- Bernard Looney has run the British oil and gas company since 2020.
- 09/12/2023
|
BP CEO Bernard Looney resigns after reports of relationships with colleagues
- Bernard Looney has stepped down after less than four years in office following several allegations of personal relationships with colleagues.
- 09/12/2023
|
BP CEO Bernard Looney announces resignation, reports The Financial Times
- CNBC's Dom Chu joins 'The Exchange' to share the Financial Times report about BP CEO Bernard Looney stepping down.
- 09/12/2023
|
BP CEO Bernard Looney will resign, report says
- The Financial Times reported the move Tuesday, citing two people with knowledge of the decision.
- 09/12/2023
|
BP CEO to resign: report
- BP Plc's BP, +2.08% chief executive Bernard Looney is about to resign less than four years into the job, according to a Financial Times news story on Tuesday that cited two people familiar with the decision. Looney, who has spent his entire career at BP, was appointed chief executive in July 2020.
- 09/12/2023
|
BP worth double suggests Barclays ahead of capital markets day
- BP's upcoming capital markets day (October 10) is likely to focus on upstream and low-carbon businesses rather than financials, according to Barclays. Highlighting how the mood has changed since the last CMD in 2020 (and how much the crude price has recovered following Covid and the Ukraine war), Barclays points out that at the time BP was valued less than renewables giant Orsted but not anymore.
- 09/12/2023
|
BP to Proceed With Clean Energy Plan, Reduce Oil & Gas Output
- BP plans to invest $55-$65 billion in its new transition businesses, including EV charging, biofuels, hydrogen, wind and solar energy, by 2023-2030.
- 09/11/2023
|
BP Prudhoe Bay Royalty: Call Option Like Gamble On Higher Crude Oil
- A tighter crude oil market is predicted by industry tracking groups into next summer, creating the potential for sharply higher prices. BP Prudhoe Bay Royalty Trust holds serious investment leverage to rising crude oil prices, weighted against abnormal royalty company risks. BPT's low-revenue termination clause and high breakeven cost structure are worries, but a spike in crude oil quotes could make it a top-performing investment.
- 09/11/2023
|
BP Pulse Unveils U.K.'s Largest EV Charging Hub at Birmingham
- BP Pulse, The EV Network and NEC Group collaborate to launch the U.K.'s largest public EV charging hub at NEC campus, Birmingham.
- 09/08/2023
|
BP Strengthens LNG Portfolio With Woodfibre's British Contract
- BP enters into its third long-term LNG offtake contract with Woodfibre's British Columbia facility in a strategic move that underscores its commitment to energy transition.
- 09/07/2023
|
Did Venture Global LNG Break Contracts With Shell, Edison, And BP?
- Has Venture Global LNG sold cargoes on the spot market rather than deliver them to Shell, Edison, and BP as required by offtake contracts.
- 09/06/2023
|
Pacific Energy-Enbridge venture Woodfibre to supply 100% of its LNG to BP
- Pacific Energy and Enbridge -owned Woodfibre said on Tuesday it would supply 100% of the LNG from its proposed plant in British Columbia to BP Plc after it signed another agreement with a unit of the energy major.
- 09/05/2023
|
Oil price jumps as Saudi Arabia extends production cuts
- The oil price jumped after Saudi Arabia extended its 1-million-barrels-per-day voluntary oil production cut until the end of the year, according to the state-owned Saudi Press Agency. Riyadh first applied the 1 million-barrels-per-day reduction in July and has since extended it on a monthly basis.
- 09/05/2023
|
BP's Looney holding his nerve over energy transition plan
- BP CEO Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year, despite investors penalizing the group over its plan to break away from rivals in cutting oil and gas output.
- 09/05/2023
|
BP Plans to Drill Four Natural Gas Exploration Wells in Egypt
- BP and its natural gas partners also plan to invest $3.5 billion over three years to explore and develop natural gas resources in Egypt.
- 09/04/2023
|
Equinor and BP seek big price hike for US wind power
- Equinor of Norway and its partner BP have asked the New York State Energy Research and Development Authority (NYSERDA) for permission to raise the price of power produced at three planned offshore US wind farms by 54%, according to a recent filing. The two companies won the rights to build the Empire Wind 1, Empire Wind 2 and Beacon Wind farms off the New York coast, which have a combined capacity of 3,300 megawatts, capable of powering millions of homes, Reuters reported.
- 08/31/2023
|
Equinor, BP seek 54% hike in US offshore wind power price, filings show
- Norway's Equinor and its partner BP are seeking a 54% increase for the price of power produced at three planned offshore U.S. wind farms, according to a filing made by a New York state regulatory authority.
- 08/31/2023
|
Is Most-Watched Stock BP p.l.c. (BP) Worth Betting on Now?
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 08/30/2023
|
7 Hot Hydrogen Stocks With Massive Upside
- Now is a great time to be looking for hydrogen stocks to buy. Hydrogen stocks only continue to gain momentum as the shift toward decarbonization of energy production moves forward.
- 08/29/2023
|
BP Decides to Invest More in Oil & Gas to Meet Growing Demand
- BP will spend 40% of its capital on energy transition projects by the middle of this decade and 50% by the end of the decade.
- 08/28/2023
|
BP urges more oil, gas investment while speeding energy transition
- Global oil major BP said the world must invest in the production of oil and gas to avoid to sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions.
- 08/26/2023
|
Shell and BP blasted again by Greenpeace over greenwashing
- A Greenpeace-commissioned study has accused twelve major oil firms, including Shell and BP, of greenwashing by exaggerating their renewable energy efforts. The research scrutinised the 2022 annual reports of the companies, evaluating their renewable electricity generation against their oil and gas production.
- 08/23/2023
|
'Fragile Five' oil producers will have more oil in market than demand, says Citi's Edward Morse
- Ed Morse, Citi Research head of global commodities, joins 'Power Lunch' to discuss Morse's thoughts on the supply and demand picture for crude oil, why Morse isn't more concerned with the crude oil picture and much more.
- 08/22/2023
|
3 Hydrogen Stocks to Buy That Pay Dividends
- Are you after a list of hydrogen stocks that pay dividends? Look no further.
- 08/15/2023
|
BP invests in green hydrogen start-up
- BP PLC (LSE:BP.) has backed a start-up aiming to slash the costs of producing hydrogen by incorporating electrolysers into heavy industry.
- 08/15/2023
|
BP backs green hydrogen start-up aiming to cut fuel's costs
- BP has invested in a start-up company developing technology seeking to use vapour from heavy industry to sharply reduce the production costs of zero-carbon hydrogen.
- 08/15/2023
|
Italy's Saipem wins two contracts with Eni, BP worth a total $700 mln
- Italian energy services group Saipem on Thursday said it was awarded two new contracts by Eni's Eni Congo and BP , worth a total of around $700 million.
- 08/10/2023
|
BP's Joint Venture Jio-bp Expands EV Charging Network
- BP's Indian joint venture, Jio-bp, expands its EV charging network strength during fiscal 2022-23. This growth is anticipated to continue during fiscal 2023-2024 as well.
- 08/09/2023
|
3 Hydrogen Stocks You'll Regret Not Buying Soon
- Hydrogen energy may have an important role to play in the world's energy needs. Russia's invasion of Ukraine in early 2022 helped to increase commodities prices across the board and prompted many EU member states to rethink their reliance on natural gas and crude from Russia.
- 08/09/2023
|
The 3 Best Oil Stocks to Buy in August
- The energy market went through a bit of a downturn. Natural gas prices crashed earlier this year amid unseasonably mild weather.
- 08/08/2023
|
BP Aims to Build 2 Wind Farms in the U.K. Minus Government Subsidy
- BP is considering the construction of two offshore wind farms without any assistance from the government.
- 08/08/2023
|
BP mulls subsidy-free wind farm plan
- BP PLC (LSE:BP.) is considering building two huge offshore wind farms in British waters without government subsidy contracts in what would be a first for the sector, according to The Times.
- 08/07/2023
|
Get Out Now! 7 Stocks to Dump After Sorry Q2 Earnings
- Second-quarter earnings continue and, so far, the results have been pretty good, but there are some stocks to dump because they didn't pull their weight. According to FactSet, 80% of companies listed on the benchmark S&P 500 index have reported better than expected earnings per share, and 64% have reported revenue that was higher than forecast.
- 08/03/2023
|
BP earnings slump not worrying analysts
- BP PLC (LSE:BP.) is still in a strong position despite recording an 80% drop in second-quarter profit on Tuesday, analysts have reassured.
- 08/02/2023
|
New Strong Sell Stocks for August 2nd
- ASB, BP and HMN have been added to the Zacks Rank #5 (Strong Sell) List on August 2, 2023.
- 08/02/2023
|
Following Its Q2 Results, BP Is A Buy
- BP is a dividend growth stock that is transitioning towards renewable energy while still maintaining its oil and gas production. The company's fundamentals have been impacted by the Deepwater Horizon oil spill and the pandemic, but it is stabilizing and showing growth potential. BP offers a solid dividend and buyback program, and its low valuation makes it an attractive investment opportunity.
- 08/02/2023
|
BP Is Latest Energy Firm to Report Profit Drop on Lower Oil and Gas Prices
- BP is the latest to join the list of major energy companies that posted big profit declines because of falling oil and gas prices.
- 08/01/2023
|
BP Misses on Q2 Earnings, Plans to Repurchase $1.5B Shares
- Lower realizations of commodity prices and a decline in refinery throughputs hurt BP's earnings in Q2.
- 08/01/2023
|
BP 2Q profit slumps on weak refining margins and falling oil and gas prices
- BP shares traded lower after the energy giant posted an about 70% year-over-year drop in profit for the second quarter. For 2Q, BP's underlying replacement cost profit was $2.589 billion, down from $8.451 billion in the year-ago quarter and $4.963 billion in the first three months of the year.
- 08/01/2023
|
The Fading ‘War Windfall': BP Sees 70% Drop In Profits But Hikes Dividend
- Supermajor joins its energy peers in posting markedly lower quarterly profits but hikes its dividend pay out by over 10%.
- 08/01/2023
|
Bumper buybacks fuel gains for BP and HSBC shares
- HSBC shares traded at their highest in four years and BP's stock shrugged off lower oil prices on the day to claim their best level since May, as the London-listed blue chips announced billion-dollar purchase programs.
- 08/01/2023
|
BP CEO Bernard Looney: We believe the world needs a rapid and orderly energy transition
- BP CEO Bernard Looney joins 'Squawk Box' to discuss the company's quarterly earnings results, which reported a nearly 70% year-on-year drop in second-quarter profits on the back of weaker fossil fuel prices, echoing a trend observed across the energy industry, the state of energy transition, and more.
- 08/01/2023
|
5 Things to Know Before Markets Open
- Meta Platforms is planning to roll out AI chatbots to help it retain users of its apps and healthcare retailer CVS lays off 5,000 workers as it cuts costs in preparations to expand into primary care. Here's what investors need to know today.
- 08/01/2023
|
BP, Equinor revisit U.S offshore wind projects power sale agreements
- BP and its partner Equinor are renegotiating the terms of power supply agreements linked to their giant wind developments off the U.S. East Coast, BP CEO Bernard Looney said on Tuesday.
- 08/01/2023
|
BP Joins Exxon, Chevron as Profit Slumps. Why the Stock Is Rising.
- The energy giant raised its dividend by 10% and announced a new $1.5 billion share buyback program.
- 08/01/2023
|
BP Profit Declines More Steeply Than Peers'
- Second-quarter earnings fell almost 70% from a year-ago bonanza. The London-based oil major boosted its dividend and continued to buy back shares.
- 08/01/2023
|
BP to defend its rights to the fullest in Venture Global LNG arbitration case
- BP will defend its rights "to the absolute fullest" in an arbitration case against U.S. exporter Venture Global LNG for failing to supply contracted cargoes, Chief Executive Officer Bernard Looney said on Tuesday.
- 08/01/2023
|
BP CEO Looney on Shareholder Returns, Gas Trading, Oil Prices
- BP CEO Bernard Looney discusses shareholder returns, gas trading and oil demand after the firm's second-quarter profit fell by more than expected. He speaks with Dani Burger on "Bloomberg Markets Today.
- 08/01/2023
|
BP profit slumps hit by weak refining margins, ups dividend
- BP PLC (LSE:BP.) reported a sharp drop in profitability hit by falling refining margins but still rewarded shareholders with a 10% boost to the dividend.
- 08/01/2023
|
BP has a 'commitment to transition' into non-oil and gas businesses, BP CEO says
- BP CEO Bernard Looney discusses the energy transition and the company's strategy, going forward.
- 08/01/2023
|
BP boosts dividend even as profit slumps 70% to $2.6 bln
- BP reported a second-quarter profit of $2.6 billion on Tuesday, missing forecasts and dropping 70% from a year earlier on lower fuel prices and weaker oil trading, but still allowing the energy giant to boost its dividend by 10%.
- 08/01/2023
|
Oil major BP reports steep drop in second-quarter profit on lower energy prices
- Oil majors have failed to match the bumper profits posted during the same period of last year amid weaker commodity prices.
- 08/01/2023
|
Analysts Expect BP Earnings To Follow Chevron's Trend As Oil Prices Move Above $80
- Wall Street forecasts BP earnings halving due to lower energy prices. But crude oil is rebounding.
- 07/31/2023
|
BP, Greggs and Diageo results due on Tuesday, plus Pfizer in US
- On Tuesday comes big oil, booze and sausage rolls, with BP PLC (LSE:BP.) and Greggs.
- 07/31/2023
|
Factors to Take Into Account Ahead of BP's Q2 Earnings Release
- Lower commodity prices are likely to have affected BP's performance in Q2.
- 07/28/2023
|
BP share price outlook and earnings preview as oil prices jump
- BP (LON: BP) share price was stuck in a tight range this week even as European oil and gas giants published weaker results. The stock was hovering at 480p on Friday, where it has been in the past few days.
- 07/28/2023
|
FTSE 100 forecast ahead of BP, LSE, HSBC, Haleon earnings
- The FTSE 100 index is hovering near the highest level in June as investors reflect on a slew of corporate earnings from some of the biggest constituents. The index was trading at £7,685 on Friday, a few points below this month's high of £7,707.
- 07/28/2023
|
If You Can Only Buy One Hydrogen Stock, It Better Be One of These 3 Names
- Hydrogen stocks hold a lot of promise currently. The world is undergoing an energy transition that is centered on limiting global warming and overall emissions.
- 07/26/2023
|
Small Cap Alpha, Commodity Danger And Advanced Emissions Solutions With Courage & Conviction Investing
- Courage & Conviction Investing on small cap alpha and his 1st half performance (returns up ~46%). How capturing gains in RCM Technologies and TravelCenters of America exemplify investing strategy.
- 07/24/2023
|
The Second Quarter Provided LNG Shippers With A Stable Base Of Growth
- The LNG market has stabilized, leading to a slowdown in the LNG shipping sector, with the UP World LNG Shipping Index declining 3.79% in Q2. Despite the slowdown, big investors are showing interest in the industry, with recent IPOs, merger deals, and takeovers, and investors maintaining faith in the sector's potential. The worst part of the year for LNG shippers is over, and positive expectations for the upcoming winter season could impact the UPI, potentially pushing it to cross the 155 mark in Q2.
- 07/20/2023
|
BP can still reward shareholders but set to show significant slowdown - analyst
- BP PLC (LSE:BP.) should still be generating sufficient free cash flow to keep rewarding shareholdings, according to analysts at Berenberg, nonetheless, the European bank sees greater potential elsewhere amidst tighter markets.
- 07/19/2023
|
3 Hydrogen Stocks for Getting Rich in 2023
- The hydrogen industry is rising to prominence in the global energy complex, responding to the growing demand for clean, eco-friendly energy solutions. The sector is not only shaping the future of energy but also offering enticing opportunities for those interested in investing in hydrogen.
- 07/19/2023
|
New Strong Sell Stocks for July 18th
- AMTX, AU and BP have been added to the Zacks Rank #5 (Strong Sell) List on July 18, 2023.
- 07/18/2023
|
Exclusive: BP, Azerbaijan's Socar make maiden bid for Israeli offshore gas - sources
- BP and Azeri national oil company Socar have taken part for the first time in an Israeli licencing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin, sources said.
- 07/17/2023
|
BP Makes Foray Into Continental Europe's Offshore Wind Market
- BP acquires rights to develop two projects, representing 4 GW of the total capacity.
- 07/13/2023
|
BP, Total win in $14 billion German offshore wind site tender
- Oil majors BP and TotalEnergies emerged as the winners in a 7 gigawatt (GW) offshore wind site auction in Germany, with total successful awards for four locations amounting to 12.6 billion euros ($13.96 billion).
- 07/12/2023
|
Shell and BP start action against supplier over missing LNG
- Shell and BP have separately started arbitration against an LNG group for failure to supply contracted cargoes as prices for the gas started to soar. The two have accused Venture Global LNG of selling contracted cargoes to the customers as prices rose, meaning they missed out on millions of dollars of sales.
- 07/12/2023
|
Exclusive: Shell, BP pursue arbitration claims against Venture Global LNG
- Top LNG traders Shell and BP have separately filed for arbitration against U.S. exporter Venture Global LNG for failing to supply contracted cargoes, even as it sold to non-contract customers as prices soared, four people familiar with the matter said.
- 07/12/2023
|
3 Doomed Energy Stocks Destined for Disaster
- After an exciting 2022, the energy sector is now retreating. The price of crude oil has been trading in a range of $75 to $65 since the spring, well below its 2022 peak when a barrel sold in excess of $120.
- 07/11/2023
|
BP Settles U.S. Gas Market Manipulation Case for $10.7M
- BP agrees to pay a civil penalty of $10.75 million to settle charges that its traders manipulated natural gas markets in 2008.
- 07/11/2023
|
Why These 7 Stocks Are the Best Ways to Play Oil Right Now
- Oil stocks continue to demonstrate their resilience. Their performance during the bear market of 2022 was noteworthy, particularly as inflation and geopolitical unrest in Ukraine drove crude oil prices higher.
- 07/10/2023
|
BP settles US natgas market manipulation case for $10.75 million
- Oil major BP agreed to pay a civil penalty of $10.75 million to cover allegations company traders manipulated natural gas markets in 2008, which is less than BP has already paid in the case, U.S. energy regulators said in a filing.
- 07/10/2023
|
The 3 Best Hydrogen Stocks to Buy in July
- Hydrogen stocks have effectively staked their claim as compelling additions to any future-focused investment portfolio. Hydrogen, with its green credentials, has piqued investors worldwide.
- 07/10/2023
|
BP Negotiates With Insurers for GBP 30 Billion Pension Scheme
- BP is negotiating with several insurers for its GBP 30 billion final salary pension fund, a "buy-in deal" that might be the largest in the industry's history.
- 07/10/2023
|
OPEC+ Fights For Higher Oil Prices: They're On The Way
- OPEC+ is fighting hard to keep oil NYSEARCA: USO prices steady, if not on the rise. The latest news is that the Oil Producing and Exporting Countries cartel is seeking new members.
- 07/07/2023
|
BP In-Truck Connect Points to Continued Evolution of Digital Fleet Payments Ecosystems
- Fuel is at the center of the ecosystems that are changing fleet management, and by extension, logistics. In just one of the latest examples, BP began its digital payments solution launch at the end of last month.
- 07/06/2023
|
i(x) Net Zero shares spike higher as BP investment in WasteFuel revalues portfolio
- i(x) Net Zero PLC (AIM:IX) shares spiked up as much as 90% higher in Thursday's early deals as its investee WasteFuel Global, which is developing bio-methanol from agricultural waste, landed a US$10 million investment from BP PLC (LSE:BP.). BP backed the early-stage company via a Series B funding round and the injection of funds triggers a “material uplift” in valuation for AIM-quoted i(x) which now sees its stake worth US$131.69 million, up from its last valuation of US$46.91 million at the end of December.
- 07/06/2023
|
BP Begins Rollout of Digital Payments Solution for Fleets
- BP has begun its rollout of a digital payments solution for fleets. The energy company's new BP In-Truck Connect is being launched in the United Kingdom with Mercedes-Benz Trucks UK and will later be rolled out more broadly, BP said in a Friday (June 30) press release.
- 07/05/2023
|
4 Integrated Energy Stocks to Gain From a Promising Industry
- From upstream activities to midstream, prospects for companies are rosy now, enhancing the outlook for the Zacks Oil and Gas Integrated International industry. XOM, CVX, BP and SSL will make the most of the favorable business scenario.
- 07/04/2023
|
BP Looks Undervalued Compared To The Other Supermajors With A 4.57% Yield
- BP shares are undervalued compared to its peers, with a 2023 forward P/E of 5.96 and trading at 3.67x its TTM FCF. BP is committed to returning capital to shareholders through buybacks and dividend increases, as long as oil stays above $60 per barrel. Projections from the IEA, EIA, and BP suggest oil demand and prices will remain stable or increase through 2030, supporting BP's profitability.
- 06/26/2023
|
Severe weather disrupts operations at BP's Indiana refinery -local media
- An operational disruption at BP's 435,000 barrel per day (bpd) refinery in Whiting, Indiana, owing to severe weather led to unplanned flaring on Monday, ABC 7 reported on its news website.
- 06/26/2023
|
What's Happening With BP Stock?
- BP stock has increased from around $34 to $35 over the last six months, compared to a 14% growth in the S&P index.
- 06/26/2023
|
BP: Announcing Buybacks And Moving Into CCS Projects
- BP's solid fundamentals, strong dividend yields, and share buyback programs make it an attractive investment in the oil industry. The company is focusing on low-carbon energy solutions and carbon capture projects, which have a growing market demand. Despite risks related to volatile oil prices, BP's valuation and commitment to shareholder returns make it a buy recommendation.
- 06/25/2023
|
3 Stocks to Dump as Economic Alarm Sounds
- We're starting to see signs of a recession on the horizon, and while that doesn't mean you should exit the market altogether, there are some stocks to sell now. Tough economic conditions are likely to sting the bulk of the market.
- 06/19/2023
|
Australia's AGL partners with BP to offer discounted charging to NSW customers
- Australia's AGL Energy said on Thursday it has partnered with energy giant BP for a three-year agreement to offer discounted charging to drivers of electric vehicles in New South Wales, as more companies look to pivot to green energy.
- 06/14/2023
|
My Dividend Stock Portfolio: New All-Time Dividend Record - 99 Holdings With 25 Buys
- US stocks ended May with solid gains and extended their strong performance into June, boosted by positive labor market data and the debt ceiling bill's progress. My investment activity in May picked up slightly from April, with net investments totaling around $1,555, primarily focused on the financial sector and high-yielding BDCs. Dividend income in May 2023 reached a new all-time record of $1,112, up 47% annually and 154% sequentially, driven by strong performances from companies like Hercules Capital Corporation and Allianz.
- 06/14/2023
|
BP Managers Ignore Multiple Malfunctions Preceding Explosion
- Preliminary report findings indicate that BP supervisors continued Ohio refinery operations despite warning signs and series of malfunctions.
- 06/14/2023
|
Revolutionizing Hydrogen Energy: 3 Stocks to Buy Right Now
- With the green energy boom, keep an eye on the best hydrogen stocks on the market. The Biden Administration just announced its goal of producing 50 million metric tons of clean hydrogen fuel by 2050.
- 06/13/2023
|
3 Sorry Energy Stocks to Sell in June Before It's Too Late
- Oil prices remain in retreat. Currently the price of West Texas Intermediate ( WTI ) crude oil, the U.S. standard, is trading just above $70 a barrel, though it has dipped below that key level on several occasions.
- 06/09/2023
|
BP investors coming to terms with new transition plan – Citi
- BP PLC (LSE:BP.) investors are starting to accept the oil giant's new, scaled-back transition plan, according to Citi Group analysts.
- 06/08/2023
|
Oil cuts won't dramatically hit pumps just yet - analysts
- Oil production cuts announced by Saudi Arabia's energy minister on Sunday have led crude prices marginally higher while boosting shares in oil firms such as BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL).
- 06/05/2023
|
Here's Why Hold Strategy is Apt for BP Shares Right Now
- BP is planning to repurchase $1.75 billion in shares before declaring the results for the June-end quarter.
- 06/02/2023
|
BP share price could be about to form a death cross pattern
- BP (LON: BP) share price has come under intense pressure in the past few weeks as crude oil and natural gas prices tumbled. The stock plunged to a low of 450p, the lowest level since December 2022.
- 06/01/2023
|
Oil price extends falls ahead of key Opec+ meeting
- The oil price remained under pressure on Wednesday hit by concerns about the strength of the global economy and ahead of a key meeting on Sunday with mixed messages on production coming from two leading players. The price of Brent crude was down a further 2.2% on Wednesday to $72.11 while West Texas Intermediate declined 2.3% to $67.91.
- 05/31/2023
|
PetroChina, BP awarded 20 year access to Europe's Gate LNG terminal
- PetroChina International and energy giant BP have won a tender that will allow each to handle 2 billion cubic metres of gas annually for 20 years at Rotterdam's Gate terminal, the Chinese state firm's first long-term access to a European gas terminal.
- 05/26/2023
|
BP Makes Significant Oil Discovery in Norway's North Sea
- BP is about to complete drilling the exploration well, which is in licenses 873 and 442 in the Yggdrasil area.
- 05/26/2023
|
Supermajors: The 3 Best Oil Stocks to Buy Now
- The price of oil has declined significantly since last summer when it hit a multi-year high of $122 per barrel. Today, West Texas Intermediate (WTI) crude oil, the U.S. standard, is trading at $74 a barrel.
- 05/25/2023
|
My Dividend Stock Portfolio: New April Dividend Record - 99 Holdings With 21 Buys
- Markets are racing higher as the earnings season turned out much better than expected. Sector rotation into tech stocks has led to a surge in big-tech with Nvidia clearly leading the pack.
- 05/23/2023
|
BP: Oil At $70, It's Time To Sell
- BP submitted a decent earnings card for the first quarter. However, earnings have started to decline. EPS estimates may further get revised to the downside if petroleum/natural gas prices fall.
- 05/23/2023
|
BP Subsidiary to Pay a Whopping $40M Air Pollution Penalty
- BP's subsidiary pays a record $40 million penalty to settle charges against its Whiting Refinery in United States for federal air emission violations.
- 05/19/2023
|
TA shareholders overwhelmingly approve sale of company to BP
- Only the formal closing remains in BP's acquisition of TravelCenters of America, with shareholders overwhelmingly approving the purchase in voting results released Wednesday. There was no sign of a late move by convenience store operator Arko to derail the BP purchase of TA (NASDAQ: TA) at $86 per share, which was announced in February.
- 05/10/2023
|
7 Top-Rated Stocks That Will Boost Your Portfolio in 2023
- While the benchmark S&P 500 index may be up for the year, investors should consider acquiring the below top-rated stocks to buy. One key reason is that momentum appears to be fading.
- 05/10/2023
|
3 Energy Stocks That Are Overhyped and Overvalued Right Now
- In recent weeks oil prices have tanked leading to some overvalued energy stocks. Through the first week of May, crude oil prices declined for three consecutive weeks in what amounts to the biggest pullback since November 2022.
- 05/09/2023
|
No Dating Game for Buffett
- Watching Warren Buffett (Trades, Portfolio) and Charlie Munger (Trades, Portfolio) Saturday in Omaha caused us to think about a very popular 1960s TV show called, “The Dating Game.” Hosted by Jim Lange, the game was played with the host on one side of a wall with a male or female contestant.
- 05/09/2023
|
Q1 Earnings: Energy Sector in Focus
- Crude oil prices appear to be reversing last week's losses, but prices are down significantly from the year-earlier level. There are multiple factors at play in the commodity's price action, including supply-demand fundamentals to OPEC action, the Ukraine war, the exchange value of the U.S. dollar, and even seasonality.
- 05/08/2023
|
Shell and BP's Hidden Spark
- The European companies' energy traders generate huge profits, but investors are mostly in the dark.
- 05/08/2023
|
Oil & gas highlights: Shell, BP, Longboat, Chariot, Arrow and more
|
UBS expects ECB to deliver another 25 bp rate hike in July before taking pause
- UBS economists said the European Central Bank (ECB) was likely to hike interest rate by another 25 basis points (bps) in July, lifting the benchmark for borrowing costs to 3.75%, before taking a pause for this rate increase cycle.
- 05/05/2023
|
Tesco, Shell, BP slammed as diesel margins climb three times on average – RAC
- Fuel retailers have been accused of holding on to inflated diesel prices, despite the wholesale costs of the fuel sitting lower than petrol for the entirety of April. “Diesel drivers across the UK mainland continue to lose out badly at the pumps,” RAC spokesman Simon Williams said.
- 05/04/2023
|
Shell, BP bag billions from energy trading in 2022
- Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) were among oil and gas giants which bagged billions of dollars from trading on commodity markets last year, according to estimates from Bernstein Research.
- 05/03/2023
|
BP Shares Sold Off After Earnings: Here Is What Upset Markets
- BP NYSE: BP shares closed lower by 8.07% on Tuesday's trading session after a somewhat volatile day in the United States financial markets, with benchmarks like the S&P 500 and Nasdaq declining by as much as six hundred points and four hundred points, respectively. Today's session saw increased volatility as markets and investors await the next FED meeting on May 3.
- 05/03/2023
|
BP and Other Oil Stocks Tumble on Demand Worries
- BP's results beat expectations but the company bought back less stock in the first quarter than it had the previous quarter.
- 05/02/2023
|
Blackberry, BP, Sprouts Farmers Market: Tuesday's trending tickers
- Yahoo Finance's Rachelle Akuffo takes a look at some of the top trending tickers through the morning of Tuesday's trading day.
- 05/02/2023
|
BP Experiences the Downside of High Expectations
- The oil major's latest share buyback plan disappointed investors who have grown used to generous handouts.
- 05/02/2023
|
BP and HSBC herald a bumper year for buybacks
- The FTSE 100 remains the place to be for eye-popping share buybacks, with today's announcements from HSBC Holdings PLC (LSE:HSBA) and BP plc bringing year-to-date returns via buybacks to £26.9bn, following a record £55.8bn of buybacks in 2022. On top of the buyback bonanza, dividends are expected to top £85bn for 2023, following a record year in 2022.
- 05/02/2023
|
BP shares slide as first-quarter profit dips
- Shares of BP fell more than 5% Tuesday after the energy giant said it would return less cash to investors following a drop in first-quarter profit.
- 05/02/2023
|
BP Beats Expectations With $5 Billion Profit After Fending Off Shareholder Challenge
- Trading oil and gas helped the British oil major achieve strong results in the first quarter, but its announced $1.75 billion buyback was smaller than analysts expected.
- 05/02/2023
|
European stocks trade mixed after three-day break; HSBC shares rallies while BP fizzles
- European stocks traded in a narrow range Tuesday after a three-day break, with the Stoxx Europe 600 XX:SXXP little changed in early trade. HSBC Holdings shares UK:HSBA jumped 5% after reporting a big profit surge in the first quarter, while BP UK:BP slipped 5% even as its results topped earnings expectations.
- 05/02/2023
|
BP Stock Drops as Earnings Fall From a Year Earlier
- The oil major exceeds expectations for underlying profit in the first quarter.
- 05/02/2023
|
BP profit beats expectations, pledges US$1.75bn buyback
- BP PLC (LSE:BP.) outlined plans for further share buybacks as it reported a rise in profit on the previous quarter reflecting strong oil and gas trading.
- 05/02/2023
|
BP profit slows, but beats forecasts as it plans $1.75 billion more buybacks
- BP on Tuesday reported a rise in first-quarter underlying replacement cost profit, beating expectations, and declared an additional $1.75 billion share buyback.
- 05/02/2023
|
Oil major BP reports drop in first-quarter profit on weaker commodity prices
- The first-quarter results come after a year of whopping profits for Big Oil.
- 05/02/2023
|
Bert's March 2023 Dividend Income Summary
- I invest in dividend stocks to grow my passive income with dividend income. We received $743.05 in April dividend income.
- 05/02/2023
|
V&M Breakouts: Top Long-Term Growth And Dividend Stocks For May 2023
- The May 2022 total return portfolio for 1-year is up +17.09%, and the May 2021 2-year portfolio is up 21.33%, not adjusted for greater than 2%+ dividends. The first May 2020 portfolio had +66.98% 2-year returns.
- 05/01/2023
|
FTSE 100 index forecast ahead of BP, Shell, IAG, IHG, Lloyds earnings
- The FTSE 100 index has wavered in the past few weeks as investors waited for the upcoming financial statements from key companies. The index was trading at £7,860 on Friday, a few points below last month's high of £7,928.
- 05/01/2023
|
BP share price outlook ahead of Q1 earnings: buy, hold, sell?
- BP (LON: BP) share price has moved sideways in the past few weeks as investors assess the trends in the energy market. It also wavered ahead of the upcoming quarterly earnings scheduled for Tuesday this week.
- 05/01/2023
|
What the brokers say: Tesco, Ocado, Lloyds, BP, Flutter and more
|
BP easily defeats climate change and chairman challenges at AGM
- BP comfortably saw off a challenge to plans to water down its carbon reduction targets even though five pension funds voted against the changes. In a vote at its AGM yesterday, over 83% of shareholders backed the company with only around 17% voting for the shareholder resolution.
- 04/28/2023
|
Oil major BP braces itself for shareholder revolt after scaling back its climate targets
- BP is bracing itself for a shareholder revolt on Thursday after the oil major rolled back its emission reduction targets in the wake of record profits.
- 04/27/2023
|
Will BP up the share buy backs next week?
- BP PLC (LSE:BP.) is set to report another quarter of strong surplus cash flow, that's the view of analysts at Jefferies.
- 04/26/2023
|
All 133 Dividend Aristocrats Ranked By Growth
- All 133 Dividend Aristocrats Ranked By Growth.
- 04/26/2023
|
Shell, BP new North Sea licences hang in the balance at High Court ruling
- Climate activists will be told whether a case for the UK to scrap the latest North Sea oil and gas licensing round can proceed in Britain's High Court on Tuesday. Greenpeace will hear whether it can proceed in challenging the government's decision to run the 33rd oil and gas licensing round, which closed on January 12 with applications from the likes of Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.
- 04/25/2023
|
BP facing growing pressure over watered-down climate targets
- BP PLC (LSE:BP.) is facing renewed pressure to bring its climate policies in line with 2015 Paris Agreement targets after lowering goals in February without stakeholder consent.
- 04/24/2023
|
VettaFi Voices On: The Case for the “E” in ESG ETFs This Earth Day
- With Earth Day arriving this week, the VettaFi Voices had ESG investing on their minds — particularly, the “E.
- 04/22/2023
|
Norway's oil fund to vote against climate resolution at BP's AGM
- Norway's $1.4 trillion sovereign wealth fund, one of the world's largest investors, said on Saturday it will vote against a resolution calling on British oil major BP to adopt tougher greenhouse gas targets.
- 04/22/2023
|
Large TA shareholder wants board to give Arko same data access as BP
- A significant shareholder in TravelCenters of America is asking the truckstop chain to speak with convenience store chain Arko about the latter's bid for TA, which is for a higher per share price than that of oil giant BP, which is on track to buy TA next month. In an open letter to the TA board, TIG Advisors, which says it owns 4.9% of TA, calls it “in the best interest of all TA shareholders for the board to immediately permit ARKO access to TA's data room.
- 04/21/2023
|
Thoughts on Europe's Big Oil
- The world is on track to surpass the 1.5-degree target set out by the Paris Agreement within the next decade, indicating the need for a significant acceleration in low-carbon solutions. To ensure emission reduction by 2030 and reach net zero by 2050, companies and countries alike are setting and aiming to achieve ambitious targets.
- 04/21/2023
|
BP faces investor backlash over U-turn on green pledges
- BP PLC (LSE:BP.) is facing a shareholder revolt to remove Helge Lund as chairman according to The Times.
- 04/20/2023
|
April's 5 Dividend Growth Stocks With 6.30%+ Yields
- April's 5 Dividend Growth Stocks With 6.30%+ Yields
- 04/18/2023
|
HTD: Long-Term Winner Despite Latest Volatility
- HTD: Long-Term Winner Despite Latest Volatility
- 04/18/2023
|
4 Integrated Energy Stocks Set to Escape Industry Weakness
- Analysts expect a mild recession in the latter half of this year since the recent failures of banks have led to a tighter lending environment, thereby spurring market volatility. ExxonMobil (XOM), Chevron (CVX), BP (BP) and YPF Sociedad (YPF) will probably overcome market challenges.
- 04/18/2023
|
BP Shareholders Suggested to Oppose Follow This' Climate Plan
- Follow This expects BP and other energy companies to reduce absolute carbon emissions by 2030, in line with the Paris Agreement.
- 04/17/2023
|
BP Commences Oil Production at Gulf of Mexico's Argos Platform
- BP's latest move of initiating oil production at Argos further boosts its strategy of investing in high-quality oil and gas projects.
- 04/14/2023
|
3 Top Oil Stocks to Buy Right Now
- The world is changing and TotalEnergies is working hard to change along with it. Diamondback Energy is dirt cheap based on the cash it can produce at current oil pricing.
- 04/14/2023
|
BP to Develop U.K. Viking CCS Project With Harbour Energy
- As part of the deal, BP will acquire a 40% non-operated interest in the Viking CCS project.
- 04/12/2023
|
Does the EV Revolution Pose a Serious Threat to the Oil Industry?
- Does the electric vehicle (EV) revolution spell doom for the oil industry? Read on to find out how oil companies are adapting to this shift.
- 04/12/2023
|
My Dividend Stock Portfolio: New All-Time Dividend Record - 99 Holdings With 25 Buys
- Inflation and (expected) actions by the Federal Reserve continue to dominate market movements even though the turmoil in the financial sector shortly took center stage. Markets have started the new year with very solid gains following expectations about a more dovish Federal Reserve and a solid earnings season.
- 04/12/2023
|
DivHut Portfolio Update: March 2023
- The system is clearly broken, and has been for a while; however, I could find comfort in one thing, my dividends. Four figures in a month is a win in my book. Earning $1,893.81 represents 12.6% year over year increase in passive income.
- 04/12/2023
|
Harbour Energy partners with BP plc on the Viking CCS project
- BP plc (LON: BP) ended in the green today after announcing an agreement with Harbour Energy PLC (LON: HBR) to develop the Viking CCS transportation and storage project. Here's what the press release tells us On Tuesday, the oil and gas behemoth took a 40% stake (non-operating) in the carbon capture and storage project.
- 04/11/2023
|
Harbour Energy and BP link up to develop Viking CCS project
- Harbour Energy PLC (LSE:HBR) and BP PLC (LSE:BP.) have joined forces to develop the Viking carbon capture transportation and storage (CCS) project in the Humber.
- 04/11/2023
|
Oil on the Rise: 5 Compelling Arguments Supporting a Bullish Market Outlook into Year End
- Since the pandemic lows, crude oil prices have soared, returning to levels not seen in nine years. The United States Oil Fund ETF ( USO ), a popular proxy for crude oil, has had a breathtaking march higher since reaching panic lows in April 2020.
- 04/10/2023
|
Is Most-Watched Stock BP p.l.c. (BP) Worth Betting on Now?
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 04/06/2023
|
ETFs to Play on Surprise Output Cut Decision By OPEC+
- The surprise decision of OPEC+ to cut its production supply caused oil prices to rise. Check how energy ETFs are affected
- 04/05/2023
|
Morgan Stanley, BP Ventures back Indian e-mobility startup Magenta Mobility
- Indian electric mobility startup Magenta Mobility has closed a $22 million Series A1 round, backed by $11 million each from Morgan Stanley India Infrastructure and BP Ventures. Magenta will use the all-equity investment to boost its existing logistics and last-mile delivery fleet operations.
- 04/05/2023
|
Rising Oil Prices? 3 Stocks Worth Considering
- Energy stocks are seeing increased attention from investors following a surprise production cut from OPEC on Sunday. After retreating in 2023 and particularly so throughout March, oil prices surged on the news.
- 04/04/2023
|
In the News: Merger Monday, WYNNing Macau Numbers, & Surprise Oil Cuts
- Though the major indices were quiet in early trading Monday, the weekend was chock full of big news items.
- 04/03/2023
|
BP to Offer Access to Charging to Help Uber Drivers Go Electric
- Per the contract, BP will provide bespoke deals to drivers on the Uber platform, which are tailored to each market, including the United States, the U.K. and parts of Europe.
- 04/03/2023
|
TA again rejects Arko bid, plans to proceed with acquisition by BP
- TravelCenters of America has shut the door on any further talks with Arko Corp. about its acquisition bid for the truck stop operator and will proceed with its plan to be bought by BP. In a proxy statement filed with the Securities and Exchange Commission on Monday, TA said it was reiterating the conclusion of its board of directors that the Arko bid “failed to constitute a Superior Proposal and could not reasonably be expected to lead to a Superior Proposal.
- 04/03/2023
|
BP, Shell, Harbour, Tullow shares jump as crude oil prices rebound
- Energy stocks were the best-performing stocks in London as investors cheered the latest crude oil news. Harbour Energy, Ithaca Energy, Tullow Oil, and Energean were the best-performing stocks in the mid-cap FTSE 250 index.
- 04/03/2023
|
BP and Shell each gain 4% as energy stocks in Europe rally
- Energy stocks rallied in early trade in Europe after the surprise cut in production announced by OPEC countries over the weekend. Of Stoxx Europe 600 components, Harbour Energy HBR, +7.87% rose 8%, Aker BP AKER, +5.06% added 7% and Galp Energies GALP, +5.93% gained 6%, and of the majors, TotalEnergies TTE, +4.29% , BP BP, +4.50% and Shell SHEL, +4.31% each rose 4%.
- 04/03/2023
|
7 Stocks About to Soar as Fed Rate Hikes Pause
- The Federal Reserve instituted its ninth consecutive rate hike just a few days ago, roiling stocks and markets. The 25 basis point increase was in question, though, as banking turmoil led many to believe that the Fed would not increase.
- 04/02/2023
|
The Largest Global Energy Companies Ranked By Quality
- The eight largest energy companies in the world were evaluated for relative quality. Based on this analysis, ConocoPhillips appears to be the best prospect by a very thin margin.
- 03/30/2023
|
Here are 3 Integrated Majors Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell plc (SHEL) and Equinor ASA (EQNR).
- 03/30/2023
|
Arko says it can finance TA acquisition at price higher than BP offer
- Convenience store operator Arko is not giving up its quest to acquire TravelCenters of America, despite the fact that TA's directors have voted unanimously to recommend TA sell to international oil giant BP. In a one-two punch of a press release and an 8-K filing with the Securities and Exchange Commission, Arko (NASDAQ: ARKO) said it was “surprised and disappointed” that TA (NASDAQ: TA) had “failed to engage at all with Arko” on its March 14 proposal to acquire the truckstop operator, and instead has affirmed that it will accept the bid from BP (NYSE: BP).
- 03/29/2023
|
3 Oil and Gas Stocks That Will Help You Strike It Rich
- Oil and gas stocks to buy now are those that have prepared for leaner times ahead. Companies in this sector see their fortunes wax and wane with the economy in normal times.
- 03/29/2023
|
7 Value Stocks To Buy Now For Bargain Prices
- The first quarter of 2023 was a rocky one for the stock market. The good news is that volatility created many solid value stocks to buy.
- 03/28/2023
|
BP confirms offer made to take NewMed private
- BP has confirmed that, together with ADNOC, it has made a non-binding offer to take NewMed Energy private through an acquisition of the free float and a partial acquisition of Delek's stake, which would result in BP and ADNOC holding 50% of NewMed Energy. In a statement BP said that, along with ADNOC, it intended to form a new joint venture that will be focused on gas development in international areas of mutual interest including the East Mediterranean.
- 03/28/2023
|
Exxon Vs. BP: Navigating The Green Energy Transition
- BP and Exxon have adopted contrasting approaches to renewable energy, with BP investing heavily in the sector while Exxon remains more focused on its core business. While the sustainable energy transition is inevitable, the profitability of green energy investments is far from certain, distorting oil and gas companies' risk/reward profiles.
- 03/25/2023
|
UK Oil & Gas Workers Demand Transition to Renewable Energy Jobs
- UK's oil & gas industry workers demand transition funding and training as SHEL, BP and FTI shift to sustainable energy.
- 03/24/2023
|
BP Plans to Acquire Remaining Stakes in Its Lighthouse BP JV
- The decision comes after BP delays its shift from oil and gas and pledges to boost spending on renewables and low-carbon fuel by $8 billion by 2030.
- 03/24/2023
|
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 03/24/2023
|
Midstream Caught In Middle Of Permian Producer Split
- Public and private producers are parting ways in the Permian Basin. Led by Exxon Mobil, public companies have been steadily adding rigs in.
- 03/24/2023
|
TA directors advise rejection of higher bid, sticking with BP as buyer
- An unsolicited offer from an unidentified prospective buyer of Travel Centers of America is getting a thumbs-down from TA's directors, advising shareholders to approve BP's bid for the truck stop operator. In the company's proxy filing Wednesday with the Securities and Exchange Commission, which among other things spells out various items required for shareholder approval, TA (NASDAQ: TA) revealed that it received a bid for the company on March 14.
- 03/23/2023
|
BP Stock Jumped 20% After Trimming Climate Targets — A Black Eye For ESG Investing?
- BP shook up its carbon reduction strategy after lagging behind U.S. energy stocks for years. What does this mean for ESG?
- 03/23/2023
|
BP Faces Serious Safety Violation Charges, Fined $150,000
- BP breaches safety regulations which results in two Husky Refinery employees' death.
- 03/23/2023
|
Top 40 High-Yield Blue-Chip U.K. Stocks: Spring 2023
- Much has changed since the last update in September, with banks now hogging many of the top spots. Bank shares have gone down in the last couple of weeks and their dividend yields have gone up, because several banks have recently failed.
- 03/22/2023
|
7 Oil Stocks Bound to Gush in 2023
- After many years of being cast aside, oil stocks came roaring back in a world rocked by inflation and geopolitical uncertainty. Unfortunately, those same oil stocks started off 2023 on the wrong foot.
- 03/21/2023
|
FTSE 100 index forecast as Shell, BP and bank shares recoil
- The FTSE 100 index avoided moving into a correction area this week as UK stocks sell-off eased. The index of blue-chip UK companies was trading at £7,456, which was about 1.88% above the lowest point this week.
- 03/17/2023
|
Voting inaction from fund giants on ESG slammed as BP and other major AGMs loom
- BP PLC (LSE:BP.), Glencore PLC (LSE:GLEN), McDonald's, Amazon and Google owner Alphabet are facing important shareholder resolutions on environmental, social and governance (ESG) issues as the annual general meeting season ramps up in the coming weeks.
- 03/16/2023
|
Buy These 7 Blue-Chip Oil Dividend Stocks Now While Banks Melt Down the Stock Market
- The best-performing sector last year was energy, and with good reason, given that benchmark pricing in the summer of 2022 hit levels not seen in years.
- 03/16/2023
|
Shell and BP take a beating as bank woes hit crude prices
- Shares in BP PLC (LSE:BP.) and Royal Dutch Shell PLC (LSE:SHEL, NYSE:SHEL) tumbled more than 8% as they incurred collateral damage from the banking sector sell-off.
- 03/15/2023
|
BP's CEO Receives $12M Total Pay for 2022 Due to Huge Profit
- BP CEO's pay more than doubles to $12 million on the back of bumper profits amid the rising commodity prices.
- 03/13/2023
|
BP boss's salary doubles after oil giant's record 2022
- BP PLC (LSE:BP.) chief executive officer Bernard Looney saw his annual salary rise to around £10mln last year.
- 03/10/2023
|
Helmerich & Payne Stock, A Lot More Upside Than Meets the Eye
- China's economy has woken up from its long COVID slumber. The 12-month trend for one of the most reliable economic activity indicators, the Caixin Manufacturing PMI, has crossed into expansion levels for the first time since.
- 03/06/2023
|
BP's green energy dilemma: Investor confidence goes both ways
- BP plc US chair David Lawler has shot back at claims that the British energy giant is abandoning its transition from fossil fuels to renewable energy, despite scaling back its climate goals after delivering record annual profits for 2022. Lawler told the Financial Times over the weekend that BP's transitional strategy “has not changed at all”.
- 03/06/2023
|
The Top 7 Growth Stocks in the Clean Energy Industry
- The promise of clean energy has been around for over a quarter of a century. For a long time, the payoff on the promise of clean energy growth stocks seemed to be years away, and that's if it happened at all.
- 03/06/2023
|
Your Dividends Are Only as Reliable as Your Balance Sheets
- When you research dividend stocks, make sure you take the time to examine the safety of a company's balance sheet.
- 03/04/2023
|
BP and Iberdrola Join Forces to Expedite Electric Mobility
- BP and Iberdrola ink a strategic partnership agreement to hasten the energy transition process in sustainable mobility.
- 03/03/2023
|
BP: Balancing oil and gas with transitional energy is an ‘and not or' game
- Barclays analysts have shared their thoughts on BP plc's operational pipeline following to British energy mullinational's chief executive Bernard Looney's presentation at this week's International Energy Week. “BP in the future will have a big biofuels business, a big EV (electric vehicle) charging business, a sustainable fuel business and a hydrogen business that should be able to scale in the 2030s,” said Barclays' analysts.
- 03/01/2023
|
BP Unveils Plans for Generation of Green Hydrogen in Spain
- In an attempt to make Valencia a leading producer of green hydrogen, BP inaugurates a low-carbon green hydrogen cluster in Spain's Valencia area.
- 03/01/2023
|
Minneapolis joined St. Louis and Cleveland is pushing for 50 bp discount-rate hike last month
- Three of the Federal Reserve's regional banks — Minneapolis, St. Louis, and Cleveland — voted last month to raise the discount rate for banks by 50 basis-points to 5%, according to minutes of discount-rate meetings released by the central bank on Tuesday.
- 02/28/2023
|
BP hands over World Energy Review after 70 years
- One of the bibles of the oil business is to change hands with BP calling time on its publication of the Statistical Review of World Energy after more than 70 years. Energy Institute, an industry body, is taking over the publication from the oil giant, Reuters reported, with BP letting it go to allow chief economist Spencer Dale and his team more time to focus on its towards shift greener sources of energy This year's report will be published in June and be titled The Energy Institute Statistical Review of World Energy, BP and the EI said in a statement.
- 02/28/2023
|
BP & Partners Advance GTA Project to Next Evaluation Phase
- The development concept for the second phase of the BP-operated Greater Tortue Ahmeyim liquefied natural gas (LNG) project, has been approved by BP and its partners.
- 02/28/2023
|
BP boss set for multi-million pound bonus
- BP's chief executive could be set to receive a special bonus of up to £11.4mln on top of his £1.38mln salary following the oil and gas company posting record annual profits. Growth in BP's share price, up 12% since the start of 2020, means boss Bernard Looney could bag a huge payout from a three-year share award plan, according to the Guardian.
- 02/27/2023
|
10 High-Yield Dividend Stocks To Help You Generate Income
- In this article, I will present 10 companies that could help you generate an additional income. All the picks that I present in this article provide you with an attractive Dividend Yield.
- 02/24/2023
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- Recently, Zacks.com users have been paying close attention to BP (BP). This makes it worthwhile to examine what the stock has in store.
- 02/23/2023
|
Dividend Increases Are Flying In This Month!
- The dividend increases continue to roll in during February. A ton of companies have announced dividend increases. Dividend increases are a critical part of our dividend growth investing strategy. We focus on buying dividend stocks to build a growing passive income stream.
- 02/21/2023
|
BP (BP) Upgraded to Buy: What Does It Mean for the Stock?
- BP (BP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 02/21/2023
|
BP Intends to Spend $1 Billion Nationwide on EV Charging
- BP, in collaboration with Hertz, announces its plan to introduce rapid charging in more than a dozen American cities by installing faster EV charging stations.
- 02/21/2023
|
BP or FUPBY: Which Is the Better Value Stock Right Now?
- BP vs. FUPBY: Which Stock Is the Better Value Option?
- 02/21/2023
|
Is BP (BP) Outperforming Other Oils-Energy Stocks This Year?
- Here is how BP (BP) and Eni SpA (E) have performed compared to their sector so far this year.
- 02/21/2023
|
Should Value Investors Buy BP (BP) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 02/21/2023
|
What BP likes in TA: Good price per outlet, environmental benefits
- A day after the jolting news that BP America is buying TravelCenters of America, the energy transition benefits to the international oil giant become clearer. And it looks like it was a good deal, too, at least according to Joseph Petrowski, a fuels market legend who has been CEO of various fuel distributors and is now affiliated with Brookwood Partners, active in the convenience store and fuels sector.
- 02/17/2023
|
EVs behind BP's $1.3B TravelCenters of America deal
- Electric vehicle charging appears to be one of the factors behind energy company BP's recently announced proposed purchase of TravelCenters of America.
- 02/16/2023
|
A Great Outcome For Both TravelCenters of America And BP
- Shares of TravelCenters of America soared higher after news broke that the company was being acquired by energy giant BP. This move higher creates great returns for shareholders in TravelCenters of America while allowing BP to get a great business for a great price.
- 02/16/2023
|
BP to buy TravelCenters of America for $1.3B
- TravelCenters owns a network of about 281 highway sites across 44 states and offers services including diesel and gasoline fuel, truck maintenance and repair, restaurants and more.
- 02/16/2023
|
BP Energy Outlook 2023: War Accelerates Oil And Gas Decline, Instability Pushes Renewables To 60%, Russian Energy Takes A Hit.
- bp are dialing back, but not giving up, their investment in renewables. This makes sense to capitalize on higher oil and gas prices and sustain energy security during the war on Ukraine.
- 02/16/2023
|
Travelcenters of America stock rockets as BP to buy truck-stop operator for US$1.3B
- Travelcenters of America Inc (NASDAQ:TA) stock rocketed some 70% as oil-company-in-transition BP PLC (LSE:BP.) agreed to buy the US truck stop operator for US$1.3 billion in cash.
- 02/16/2023
|
BP: Is the oiler a 'buy' after Q4 results? This investment bank thinks so
- Investment bank UBS has raised its price target for shares in BP PLC (LSE:BP.) to 630p from 535p and reiterated its 'buy' rating after the oil major's fourth-quarter results and strategy update.
- 02/16/2023
|
Travelcenters of America stock rockets as BP to buy truck-stop operator for US$1.3bn
- Travelcenters of America Inc (NASDAQ:TA) stock rocketed some 70% as oil-company-in-transition BP PLC (LSE:BP.) agreed to buy the US truck stop operator for US$1.3bn in cash.
- 02/16/2023
|
BP Is Acquiring TravelCenters of America. TA Stock Is Surging 70%.
- TravelCenters of America (NASDAQ: TA ) stock is traveling north today, and for good reason. Reportedly, the company will be acquired by BP (NYSE: BP ), though it's not finalized yet.
- 02/16/2023
|
Tesla and BP lay down markers as US EV charging point race gets serious
- Tesla has agreed to open its US electric vehicle charging network to owners of rival models in a surprise move yesterday. In a deal announced jointly with the White House, Tesla said it would open at least 7,500 of its charging points to all users by the end of 2024.
- 02/16/2023
|
7 Energy Stocks Kicking Butt Right Now
- Energy stocks have been one of the few bright spots in the stock market over the past year. In general, rising inflation and interest rates have been major headwinds for most parts of the economy.
- 02/16/2023
|
Ohio Train Disaster: What does it mean for the industry?
- A massive train derailment in Ohio sent hazardous fumes into the atmosphere. Norfolk Southern is at the center of the disaster - how will the stock react?
- 02/16/2023
|
TravelCenters of America Stock Surges. It's Being Bought by BP for $1.3 Billion.
- The oil giant will acquire TravelCenters of America for $86 a share.
- 02/16/2023
|
Oil giant BP buying major truck stop chain TravelCenters
- TravelCenters of America, which operates truck stops across the country under the TA brand, is getting bought by BP America. The price of the acquisition is approximately $1.3 billion, or $86 per share.
- 02/16/2023
|
TravelCenters of America to be acquired by BP in all-cash deal valued at $1.3 billion
- TravelCenters of America Inc. TA, +3.67% said Thursday it has agreed to be acquired by BP Plc BP, -0.34% for $86 a share in cash, or about $1.3 billion. The price is equal to an 84% premium over the average trading price of the stock in the 30 days ended Feb. 15.
- 02/16/2023
|
BP Plc to invest US$1bn in American EV chargers as part of Hertz tie-up
- BP PLC (LSE:BP.) has announced its intention to invest some US$1bn to expand its network of electric vehicle charging points across the United States by 2030.
- 02/15/2023
|
5 Attractive Dividend Stocks From An Emerging Markets Country
- When looking for ways to diversify your investment portfolio outside of the United States, there are plenty of other possibilities. One option is considering companies from emerging markets: in today's article, I will take a deep dive into the Brazilian stock market.
- 02/14/2023
|
Why I Don't Trust BP Enough to Buy It
- Investors applauded BP's decision to shift back toward oil and natural gas investment, but they probably shouldn't have.
- 02/13/2023
|
BP shares undervalued? This leading investment bank sees 80% upside
- BP PLC (LSE:BP.) shares are still not remotely up with events even after a strong rally in the wake of last week's fourth-quarter trading update.
- 02/13/2023
|
Not So Fast, Euro Major BP Reconsiders Pace Of Energy Transition
- It's funny what the smell of money will do to a company's resolve. After Euro major BP posted strong second-quarter profits thanks to high oil prices, the company announced it was curbing its ambitious zero carbon goals and planning to increase hydrocarbon production.
- 02/12/2023
|
Charmaster: Oil prices heading higher?
- Carter Worth of Worth Charting looks at the technicals for oil. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Courtney Garcia and Jeff Mills.
- 02/10/2023
|
Tanker Stocks Try To Sail Past Buy Points; Earnings For One Of Them Could Soar This Year
- Two tanker stocks hit 52-week highs on Friday. One of the transport stocks is expected to post 82% earnings growth in 2023.
- 02/10/2023
|
BP: On The Road To A $50+ Share Price
- BP posted very strong financial performance during 2022, although this was not really surprising given the prevailing oil and gas prices. The news was actually their surprise big dividend increase of circa 10% that came only half a year after a similar increase.
- 02/09/2023
|
Time to Buy Halliburton and BP Stock After Earnings?
- There are many quality investment options among the broader Zacks Oils & Energy sector and two companies that stand out for their attractive stock price and valuation are BP (BP) and Halliburton (HAL).
- 02/08/2023
|
The Oil Giants' Bet On The Super Cycle: Exxon Mobil And BP
- I have been a big oil bull since 2020 when I started to place my bets on the oil price super-cycle. In this article, I start by updating my thesis. In light of this discussion, British BP just decided to invest more in fossil fuels, as it sees higher returns and higher demand in its net-zero scenario.
- 02/08/2023
|
In the News: The Race to AI Dominance, Powell's Pump, & Blood Bath & Beyond
- Tuesday's trading session was action packed with several areas of the market making headlines. Andrew Rocco covers some key takeaways.
- 02/08/2023
|
BP will struggle to honour its massive share buybacks, say analysts
- BP plc's fourth-quarter strategy update this Tuesday was an act of “rebalancing the role of traditional businesses versus BP's low-carbon growth ambitions”, according to equities researchers at Jefferies. In other words, the British energy multinational is rethinking its relationship with renewable energy following years of disappointing returns, not to mention an improved global outlook for oil and gas.
- 02/08/2023
|
BP's 2022 Earnings Round Out A Record Year For Oil Majors
- The stock of British oil major BP shot up by 8% Tuesday after the company became the latest major integrated oil company to report record earnings for 2022.
- 02/08/2023
|
BP's Huge Uptick in Earnings Spark Harsher Windfall Tax Debate
- The enormous yearly profits coming from the top energy companies from last year have prompted fresh demands for a stricter windfall tax.
- 02/08/2023
|
BP: Better Production, Better Prices, Big Profits
- BP will spend an incremental $1 billion per year on hydrocarbon projects, resulting in 500 mboe/d more production in 2030 than the previous plan. BP is spending another extra $1 billion per year on low carbon projects, concentrating in biofuels, hydrogen, and EV charging, not low-profit solar and wind.
- 02/07/2023
|
2 Stock Winners That Have Nothing to Do With AI Chat (for Now)
- Markets jumped sharply on Tuesday, powered by positive comments from Federal Reserve Chairman Jerome Powell.
- 02/07/2023
|
Why BP Seems Set for a Mixed 2023
- BP PLC ( BP , Financial) released its fourth-quarter earnings results on Tuesday, revealing mixed results as it beat its revenue estimate by $70.36 billion yet missed out on its earnings per share target by 6 cents. Additionally, the company's management guided toward an uncertain outlook, stating that it anticipates its 2023 results to be flat.
- 02/07/2023
|
BP PLC (BP) Q4 2022 Earnings Call Transcript
- BP PLC (NYSE:BP ) Q4 2022 Earnings Conference Call February 7, 2023 4:00 AM ET Company Participants Craig Marshall - Group Head, IR Bernard Looney - CEO & Director Murray Auchincloss - CFO & Director Emma Delaney - EVP, Customers & Products Gordon Birrell - EVP, Production & Operations Giulia Chierchia - EVP, Strategy, Sustainability & Ventures Carol Howle - EVP, Trading & Shipping Conference Call Participants Lydia Rainforth - Barclays Bank Lucas Herrmann - BNP Paribas Exane Oswald Clint - Sanford C. Bernstein & Co. Christopher Kuplent - Bank of America Merrill Lynch Amy Wong - Crédit Suisse Irene Himona - Societe Generale Michele Della Vigna - Goldman Sachs Group Peter Low - Redburn Martijn Rats - Morgan Stanley Paul Cheng - Scotiabank Biraj Borkhataria - RBC Capital Markets Craig Marshall Good morning, everyone, and welcome to today's presentation.
- 02/07/2023
|
BP hikes dividend, Apollo in talks for Credit Suisse unit, SoftBank battles slumping valuations
- Yahoo Finance's Julie Hyman breaks down notable business headlines, including BP posting record profits and slowing its shift away from oil, Apollo Global Management exploring a stake in a Credit Suisse unit, and SoftBank's vision fund battling hit by a tech slump. (Apollo Global Management is Yahoo Finance's parent company.
- 02/07/2023
|
What's next for the BP cash-machine as medium-term forecasts are upgraded
- BP PLC (LSE:BP.) confirmed bumper profits for the fourth quarter of 2022 albeit slightly shy of the City's heightened expectations.
- 02/07/2023
|
BP: Great For Shareholders
- BP reported its Q4 results on Tuesday. The company generated compelling cash flows and reduced its net debt further.
- 02/07/2023
|
BP CEO breaks down the company's record 2022 earnings
- BP CEO Bernard Looney joins 'Squawk Box' to discuss the industry shift, where the company is investing in the future, which parts of the business, and more.
- 02/07/2023
|
BP Posts Record Profits In 2022. Should You Buy Its Shares Today?
- Profits at BP more that doubled last year to $27.7 billion.
- 02/07/2023
|
BP, Shell and Meta go large on share buybacks, but why are they controversial?
- Love them or hate them, share buybacks are all the rage right now. In the first month of 2023 alone, US corporations announced a colossal US$132bn in share repurchases, more than triple the amount announced in January 2022 for a new record, according to data compiled by Birinyi Associates.
- 02/07/2023
|
BP Boasts Record Profits As Oil Giants Report Historic Windfalls
- BP announced profits of $28 billion in 2022 and follows bumper earnings from peers like Shell, ExxonMobil and Chevron.
- 02/07/2023
|
Bed Bath, Chegg, Oak Street, BP, and More Market Movers
- Bed Bath & Beyond launches an equity offering to raise more than $1 billion to repay debt; Chegg tumbles after issuing revenue guidance for the first quarter and full year below analysts' expectations.
- 02/07/2023
|
BP to Slow Low-Carbon Shift. Stock Rises on Promise to Focus More on Oil.
- The oil and gas major revised its target for reducing fossil fuel output by 2030.
- 02/07/2023
|
BP Slows Transition to Renewable Energy as Oil Bonanza Continues
- The company said it would slow its transition to lower-carbon energy, as oil-and-gas production helped push the company to a record profit last year.
- 02/07/2023
|
Not Beyond Petroleum after all — BP says it's increasing investment in oil and gas as much as it's boosting renewable spending
- BP on Tuesday said it was boosting spending on oil and gas as much as it will on what it calls “transition growth engines,” a sign of both the pushback energy giants have received for their moves into the renewable energy space as well as the need for energy security and affordability.
- 02/07/2023
|
BP posts record annual profits, with another buy-back, despite dip in quarter four
- BP PLC (LSE:BP.) posted on Tuesday record annual profits, an increased dividend and a further hefty share buy-back as it raised earnings targets out to 2030.
- 02/07/2023
|
BP underlying replacement cost profit of $4.8 billion falls short of forecasts.
- LONDON–BP PLC became the latest oil giant to post record annual profit last year, joining peers on both sides of the Atlantic in capitalizing on soaring energy prices.
- 02/07/2023
|
BP profit soars to record $28 bln, dividend increased
- BP reported on Tuesday a record profit of $28 billion in 2022, lifted by a surge in energy prices since Russia's invasion of Ukraine as the company increased its dividend by 10% in a sign of confidence in the market's continued strength.
- 02/07/2023
|
BP posts record 2022 earnings to join Big Oil profit bonanza
- The British energy giant posted underlying replacement cost profit, used as a proxy for net profit, of $27.7 billion for 2022.
- 02/07/2023
|
BP Stock, Lagging Exxon, Blames Renewables, With Earnings Due
- BP stock has rebounded 57% from Oct. 2020 lows of 14.74. Meanwhile, Exxon Mobil stock has ballooned 258% since then.
- 02/06/2023
|
Earnings Exchange: PINS, BP & RCL
- Jeff Kilburg, KKM Financial founder, joins ‘The Exchange' to discuss a few stocks ahead of earnings, including Pinterest, BP and Royal Caribbean.
- 02/06/2023
|
BP the focus for investors, Tuesday's agenda
- Full-year numbers from BP PLC (LSE:BP.) (BP PLC (LSE:BP.)) are certain to spark further calls for an increase in windfall tax on North Sea profits, even if its expected US$10bn tax bill of is its largest since 2008.
- 02/06/2023
|
Don't Overthink It, BP Is A Buy
- BP is not my absolute top pick among oil stocks, however, the good easily outweighs the bad. The company has been slowed down by heavy investments in alternative energy. However, change may be coming on that front.
- 02/05/2023
|
BP's bumper profits set to stoke windfall tax furore
- Calls for a further increase in the windfall tax on North Sea profits seem set to grow louder next week when BP reports its full-year numbers. Shell has already announced the largest profit in its 115-year history and BP is unlikely to be far behind.
- 02/03/2023
|
BP: Massive Buyback Potential But Questions Around Execution
- BP p.l.c. is generating tons of free cash flow at current oil prices. It seems likely to me that oil/energy prices do not get crushed given sustained relatively modest CapEx in the industry.
- 02/02/2023
|
Investors Heavily Search BP p.l.c. (BP): Here is What You Need to Know
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 02/02/2023
|
BP May Be Cutting Back on Renewable Spending--and Its Stock Is Rising
- The European oil giant's shares have lagged U.S. majors like Exxon Mobil and Chevron.
- 02/01/2023
|
Bed Bath & Beyond Bankruptcy Looms, GM Beats On Earnings, and BP's Energy Outlook
- TheStreet's J.D. Durkin shares today's major market stories including Bed Bath & Beyond's looming bankruptcy, GM's fourth quarter results, and BP's downward outlook on oil and gas demand.
- 01/31/2023
|
Top 10 Holdings of Vincent Maddi
- Vincent S. Maddi is the Co-Founder and Portfolio Manager at SIR Capital Management.
- 01/30/2023
|
BP cuts oil demand forecasts as clean energy investments soar
- BP PLC (LSE:BP.) has cut its long-term oil demand forecasts as countries seek greater energy security following Russia's invasion of Ukraine last year.
- 01/30/2023
|
BP Cuts Long-Term Oil and Gas Demand Outlook. It's Good News For Renewables.
- The British oil giant said Russia's war in Ukraine will accelerate the global shift toward renewable energy, in a report Monday.
- 01/30/2023
|
Russia's invasion of Ukraine will reduce oil and gas consumption while speeding up transition to cleaner fuels, BP says
- The Russian invasion of Ukraine will reduce demand for oil and natural gas and speed up the transition to cleaner products, according to oil giant BP.
- 01/30/2023
|
Chevron Corp shows it has the financial muscle to acquire BP PLC - but says it plans to launch a US$75bn buyback instead
- A note from the investment bank Citi suggests US oilers should have their sights trained on their undervalued UK counterparts. An update from Chevron Corp suggests American oilers have the financial wherewithal to do this – though the will to do a transaction, in this example at least, seems lacking.
- 01/26/2023
|
ECB set to raise rates by 50 bp in Feb and March, Knot says
- The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday.
- 01/22/2023
|
BP Stock, Baidu Lead 5 Stocks Near Buy Points With Big Growth Potential
- BP and Chinese search leader Baidu lead this weekend's watch list of 5 stocks near buy points with strong growth opportunities. The post BP Stock, Baidu Lead 5 Stocks Near Buy Points With Big Growth Potential appeared first on Investor's Business Daily.
- 01/21/2023
|
7 Investments To Avoid In 2023
- As is usual at the start of a new year, many Seeking Alpha contributors have shared their lists of where to put your money during 2023. But not losing money with your investments is almost as important as making money.
- 01/20/2023
|
5 Integrated Oil Stocks From the Promising Industry
- High oil price and mild recession expectations are making the outlook for the Zacks Oil & Gas Integrated International industry bright. ExxonMobil (XOM), Chevron (CVX), Shell (SHEL), BP and Eni (E) are well-positioned to make the most of the highly favorable business environment.
- 01/20/2023
|
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 01/19/2023
|
5 January, 2023 Ideal Dividend Be-All/End-All Stocks
- Kiplinger.com, dogsofthedow.com, and growthinvesting.com all published November lists of stocks of note to close 2022. Their seven ‘be-all/end-all' articles covered: Best-Stocks; Best-Dow-stocks; Prosperous-Healthcare-Stocks; Top-Rated Housing; Consumer-Staples; Inflation-Stocks; Tops of 2022.
- 01/18/2023
|
SLB Gears Up for Q4 Earnings: Is a Beat in the Offing?
- Higher exploration and production activities of customers are likely to have aided SLB in Q4.
- 01/18/2023
|
Shell and BP involved in UK's first oil and gas licensing round since 2019
- Over one hundred applications for new offshore oil and gas licences were received in the UK's most recent bidding round, according to the North Sea Transition Authority (NSTA). Some 76 different companies submitted 115 bids for North Sea projects, up from 104 applications in the last round in 2019, including from major players Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.
- 01/17/2023
|
BP Doubles Oil Production From Its Thunder Horse Project
- The Thunder Horse field is one of BP's largest discoveries in the Gulf of Mexico.
- 01/13/2023
|
Here are 3 Integrated Majors Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell plc (SHEL) and Eni SpA (E).
- 01/13/2023
|
Shell and BP should pay for carbon emissions storage– report
- Shell and BP among firms called on to take more “responsibility” for emissions Energy firms, such as Shell and BP, should have to pay for carbon storage to help meet global net zero targets, according to a new report. Firms should face “take back” obligations for their emissions, argue scientists from the UK, Netherlands and the US, adding “a huge upscaling in carbon capture and storage” will be needed for targets to be met.
- 01/12/2023
|
BP to Sell Renewable Power From Ohio Arche Solar Farm to Meta
- The project supports BP's aim to develop 20 GW of renewable generating capacity by 2025 and 50 GW by 2030.
- 01/11/2023
|
Oil Stock Fuels Growth While Driving Climate Change Initiatives
- While driving climate change initiatives and cutting carbon dioxide emissions, top oil stock Hess fuels a potential new breakout. The post Oil Stock Fuels Growth While Driving Climate Change Initiatives appeared first on Investor's Business Daily.
- 01/11/2023
|
Shell and BP to be winners from favourable long-term energy trends - JPM
- Oil and sas stocks provide a long-term opportunity according to US bank JP Morgan, despite the likelihood of short-term market corrections after prices shot up last year in the wake of the Ukraine war. Demand should increase this year “and beyond,” while supply risks, including from Russia, have not disappeared, outlined the brokers, suggesting inflated energy prices could reappear.
- 01/10/2023
|
Dividend Income Update: December 2022
- Dividend investing can work over time and anyone can create an ever growing passive income stream. My year over year progress is moving at a nice clip.
- 01/10/2023
|
BP PLC adds battery storage facility to plans for solar farm
- BP said it plans to build its first solar farm with battery storage on a site in Tiln Farm, Retford, which will drive its plans to make the technology the norm globally. Nick Boyle, the head of energy giant BP's solar joint venture, said he believes battery storage technology will be widely included as part of solar farms, helping to tackle the problem of intermittent energy.
- 01/09/2023
|
BP: A Top Energy Sector Dividend Stock
- BP p.l.c.'s revenue is on track to surpass the annual pre-Covid number by the end of 2022. In the past three years, the debt number has been consistently falling, whereas the free cash flow generated by BP p.l.c. has been increasing.
- 01/03/2023
|
BP: An Igniting Rocket About To Blast Off
- The sanctions on Russia, a significant oil producer, have disrupted energy supply networks, contributing to recent high volatility. The energy industry's turmoil has hit BP. The company's volatile share price over the past year shows its responsiveness to the volatility in the industry.
- 01/03/2023
|
How to Find Strong Oils and Energy Stocks Slated for Positive Earnings Surprises
- Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
- 01/02/2023
|
BP and Shell Are a Buy. Why They're Cheaper Than U.S. Oil Giants.
- The European companies are being punished for their ESG investments, one strategist says.
- 01/02/2023
|
BP vs. FUPBY: Which Stock Is the Better Value Option?
- BP vs. FUPBY: Which Stock Is the Better Value Option?
- 12/30/2022
|
BP vs. Occidental Petroleum: Which Stock is the Better Buy for 2023?
- Both companies appear to be strong long-term investments considering their current valuations and the ability to not depend solely on oil prices with diversity among their businesses.
- 12/28/2022
|
BP: The Bull Run Can Continue
- Although BP stock is slowly approaching a more reasonable valuation, I remain bullish on the British oil major. BP's Q3 quarter results highlighted that the profit boom can continue even at lower oil prices.
- 12/28/2022
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 12/22/2022
|
BP Appears to be a Solid Investment Bet Now: Here's Why
- Attractive oil price is aiding BP's upstream operations.
- 12/21/2022
|
Are Investors Undervaluing BP (BP) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 12/20/2022
|
Shell and BP in firing line as institutions join call for big oil to cut emissions
- Shell and BP have again been called out to implement new emissions targets faster after investors managing €1.3trn of their shares joined activist group Follow This in criticising a lack of progress. Six fund managers have joined with the Netherlands-based lobbyist to file motions at the AGMS of BP, Shell and also US peers ExxonMobil and Chevron.
- 12/20/2022
|
BP invests millions in company that supplies 'rapidly deployable' solar tech
- Energy major says investment in 5B wraps up a Series B funding round of 55 million Australian dollars.
- 12/16/2022
|
Lloyds and BP the UK's most popular shares of the year - unless you're under 35
- Lloyds Banking Group PLC (LSE:LLOY) was the most popular share among UK retail investors in 2022, followed either by BP PLC (LSE:BP.) or Rolls-Royce Holdings PLC (LSE:RR.
- 12/15/2022
|
BP Signs MoU to Develop Green Hydrogen Facility in Egypt
- BP will assess the technical and commercial feasibility of developing a large-scale green hydrogen export hub in Egypt.
- 12/09/2022
|
Investors Heavily Search BP p.l.c. (BP): Here is What You Need to Know
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 12/09/2022
|
Shell vs BP: Which is a better oil and gas stock?
- Shell (LON: SHEL) and BP (LON: BP) are the first and third-biggest oil and gas companies in Europe in terms of market capitalisation. The two have a market cap of over $199 billion and $102 billion, respectively.
- 12/09/2022
|
BP, Shell to Restructure Ownership Interest in Atlantic LNG
- BP and Shell (SHEL), the other members of the consortium, will remain owners of the project's three active liquefaction trains.
- 12/08/2022
|
BP and M&S deal to boost UK EV charging infrastructure
- BP PLC (LSE:BP.) and Marks and Spencer Group PLC (LSE:MKS) have announced a deal that will see 900 charging points for electric vehicles (EVs) installed across 70 UK sites over the next two years.
- 12/08/2022
|
BP to expand EV charging network at M&S stores
- BP Plc on Thursday said its British electric vehicle charging business bp pulse will install high-speed charge points at around 70 Marks & Spencer retail outlets.
- 12/08/2022
|
Hydrogen Stocks PLUG, BE, FCEL Have a HUGE Catalyst Brewing
- Hydrogen stocks may not be doing so well on Tuesday but there's potential for a huge catalyst that could boost shares higher. FuelCell Energy (NASDAQ: FCEL ) is part of this with the company creating its own solid oxide electrolyzer and solid oxide fuel cell platform.
- 12/06/2022
|
The 7 Best Oil Stocks to Buy Now
- Finding the best oil stocks to buy isn't as easy as it was a few months ago. The price of crude oil ran up to a multiyear high of $120 a barrel shortly after Russia invaded Ukraine and again in mid-June as demand peaked with the summer driving season.
- 12/06/2022
|
BP Accepts Labor Deal at Rotterdam Refinery, Resumes Operation
- BP and union workers settle on a new three-year package, including a 6% wage increase, a 4,000 euro one-time bonus and the ability to participate in a stock compensation plan.
- 12/06/2022
|
Oil Stock Builds Base While Trying To Change Power Market With Focus On Carbon-Free Energy
- New Fortress Energy is building a base as this oil stock tries to reshape the power industry and shift focus to carbon-free energy. The post Oil Stock Builds Base While Trying To Change Power Market With Focus On Carbon-Free Energy appeared first on Investor's Business Daily.
- 12/05/2022
|
BP doubles down on hydrogen as fuel of the future
- BP chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major economies stump up cash to develop the fuel to decarbonise.
- 12/05/2022
|
20 big oil companies expected to be cash gushers in 2023 despite short-term uncertainty
- The energy sector of the S&P 500 has been the year's best performer, yet oil stocks still appear to be inexpensive when compared with those in other industries.
- 11/30/2022
|
Presidential advisor Amos Hochstein weighs in on the state of U.S. oil production
- Amos Hochstein, a senior advisor for energy security at the State Department, joins CNBC's 'Squawk Box' to discuss the state of U.S. oil production as the Biden administration embarks on the final leg of its 180-million barrel SPR drawdown.
- 11/30/2022
|
Big Oil Is Betting Big Money on This Renewable Fuel
- Oil companies see a bright future for this lower-carbon fuel.
- 11/29/2022
|
BP (BP) is a Top-Ranked Value Stock: Should You Buy?
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 11/28/2022
|
Why I Am Selling BP's 4% Yield
- BP currently benefits from strong pricing for its energy products. Given a 30% price rally since September, I believe it is wise to sell into BP's current strength.
- 11/28/2022
|
ESG-Focused Oil Majors Continue To Underperform, Unsurprisingly
- BP and Shell continue to underperform. Likely to continue until strategies change.
- 11/27/2022
|
BP's Rotterdam refinery management, union to talk on Monday
- Unions representing workers at BP's large Rotterdam refinery said on Saturday they plan to hold talks with management on Monday, in a possible step toward resolving a pay dispute that has left the plant idled for more than a week.
- 11/26/2022
|
China's Shenzhen Energy signs long-term LNG contract with BP
- China's Shenzhen Energy Group has signed a long-term agreement with oil major BP to buy liquefied natural gas (LNG), aiming to lock in supplies with gas-fired power generation poised to surge in the world's second-largest economy.
- 11/25/2022
|
Here is What to Know Beyond Why BP p.l.c. (BP) is a Trending Stock
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 11/24/2022
|
OPEC Vehemently Rejects Production Increase Headlines – Buy The Mega-Cap Dividend Energy Leaders Now
- At one point on Monday, Brent Crude and West Texas Intermediate oil prices were both down well over 5% and looked like they were both poised to crash lower.
- 11/23/2022
|
BP upgraded to buy as Citi upbeat on oil stocks
- BP has been upgraded to a buy by US bank Citi, which sees oil and gas stocks as having further to run even though some US groups sit at all-time highs. “History says energy equities usually perform well in an earnings recession,” said the bank adding this is its base case for 2023.
- 11/22/2022
|
BP share price forecast as crude oil retreats
- BP (LON: BP) share price has been in a strong bullish trend as demand for oil and gas stocks rise. The shares rose to 483p, which was a few points below the year-to-date high of 505p.
- 11/22/2022
|
BP Rises 3.4% Since Q3 Earnings Beat, Increases Share Buybacks
- Higher production and commodity price realizations aid BP's earnings in Q3.
- 11/21/2022
|
5 Stocks With Upgraded Broker Ratings to Fight Macro Challenges
- As brokers have more insight into stocks, one must follow rating upgrades before investing. We pick Conagra Brands (CAG), Medpace Holdings (MEDP), BP, Avis Budget Group (CAR) & Liberty Energy (LBRT), as these have seen rating upgrades.
- 11/21/2022
|
BP Stock Up 11% Over Last Month. What's Next?
- BP plc stock (NYSE: BP), a European integrated energy major, has increased by 11% over the last twenty-one trading days (one month) and currently stands at around $34.
- 11/21/2022
|
Barclays' Lydia Rainforth outlines her big call on BP
- Lydia Rainforth, Barclays Investment Bank Oil & Gas Equity Research Analyst, joins Worldwide Exchange to discuss her recent call on BP and the broader energy markets.
- 11/19/2022
|
A Safe Harbor in Energy
- High oil prices are allowing Harbour Energy PLC ( LSE:HBR , Financial) to generate healthy levels of free cash flow, but the largest oil and gas producer in the U.K.'s North Sea is not getting any love from equity market investors.
- 11/17/2022
|
BP's Risk-Reward Is Extremely Compelling Right Now
- BP p.l.c. is the very definition and a classic example of a value stock right now. The market must be pricing in a complete collapse of oil and gas prices and refining volumes, which I believe is unlikely.
- 11/17/2022
|
BP: Good Results Help BP's Shift To Become An Integrated Energy Company
- BP reported third-quarter adjusted earnings of $8.2 billion on a replacement cost basis beating analysts' expectations. The quarter's production was 2,298K Boep/d, up 4.4% compared to last year and down 4.5% sequentially.
- 11/17/2022
|
Buy 6 November 2022 Dividend Closers
- Kiplinger.com, dogsofthedow.com, and growthinvesting.com all published November lists of stocks of note to close this year of 2022. Their seven "closer stock" articles covered: Best Stocks; Best Dow stocks; Prosperous Healthcare Stocks; Top-Rated Housing; Consumer Staples; Inflation Stocks; Tops of 2022.
- 11/16/2022
|
BP share price is a bargain and a good green buy – Barrons
- BP (LON: BP) share price rallied by more than 2% on Wednesday after a bullish call from Barrons. The stock rose to a high of 486p, which was about 40% above the lowest level this year.
- 11/16/2022
|
Should Value Investors Buy BP (BP) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 11/14/2022
|
How I'd Invest $10,000 Today -- Including Real Estate -- if I Had to Start From Scratch
- Got an extra $10K in your account? Grab some yield and potential returns with a few REITs and a handful of other dividend-delivery deals.
- 11/13/2022
|
Is Trending Stock BP p.l.c. (BP) a Buy Now?
- Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 11/09/2022
|
BP to explore hydrogen projects in Mauritania - COP27
- BP PLC (LSE:BP.) announced it signed a Memorandum of Understanding with the government of Mauritania on Tuesday, which will see it explore the potential for large-scale green hydrogen production in the country.
- 11/08/2022
|
TotalEnergies leads Shell, BP in renewables race, but shares sag
- French energy giant TotalEnergies has pulled ahead of rivals Shell and BP in the race to build up a renewables business, data collected by Reuters shows.
- 11/07/2022
|
BP can get buy backs above US$3bn in fourth quarter - broker
- BP PLC (LSE:BP.) is able to catch up and bring share buy back above US$3bn in the fourth quarter, that's according to analysts at Jefferies, though the broker still prefers Shell PLC (LSE:SHEL, NYSE:SHEL).
- 11/02/2022
|
BP PLC's third quarter driven by strong gas trading; UBS retains buy
- BP PLC (LSE:BP.)'s third quarter results got the thumbs up from UBS, after the oil giant reported net income of $8.2bn, 33% above the market consensus of $6.1bn and ahead of the broker's own forecast of $5.8bn.
- 11/01/2022
|
BP p.l.c. (BP) Q3 2022 Earnings Call Transcript
- BP p.l.c. (NYSE:BP ) Q3 2022 Earnings Conference Call November 1, 2022 5:00 AM ET Company Participants Craig Marshall - Head of Investor Relations Murray Auchincloss - Chief Financial Officer Conference Call Participants Paul Cheng - Scotiabank Oswald Clint - AB Bernstein Biraj Borkhataria - RBC Capital Markets Alastair Syme - Citi Michele Della Vigna - Goldman Sachs Lydia Rainforth - Barclays Peter Low - Redburn Irene Himona - Societe Generale Lucas Herrmann - Exane BNP Paribas Christyan Malek - JPMorgan Giacomo Romeo - Jefferies Martijn Rats - Morgan Stanley Christopher Kuplent - Bank of America Amy Wong - Credit Suisse Jason Gabelman - Cowen Jason Kenney - Santander Craig Marshall Good morning, everyone, and welcome to BP's Third Quarter 2022 Results Presentation. I'm Craig Marshall, BP's Head of Investor Relations.
- 11/01/2022
|
BP's profit more than doubles as calls for windfall taxes grow louder
- BP's profit more than doubled in the third quarter, extending a bumper run of earnings for the world's biggest oil and gas companies that will add to growing calls in Britain and the United States for higher taxes on windfall profits.
- 11/01/2022
|
BP profits lead to calls for bigger windfall tax
- After BP PLC (LSE:BP.) reported bumper profits of US$8.15bn in its third-quarter figures, up from US$3.3bn last year, environmental groups have called for a “bigger, bolder windfall tax” on oil and gas companies.
- 11/01/2022
|
BP reports bumper profits and another buy-back
- BP PLC (LSE:BP.) became the latest oil and gas giant to report bumper results with third-quarter underlying replacement cost profits hitting $8.15bn, down from the record $8.45bn in quarter two, but way above last year's $3.3bn.
- 11/01/2022
|
BP doubles profit to $8.2 bln amid rising calls to tax sector
- BP more than doubled its third-quarter profit from a year earlier to $8.15 billion, lifted by strong natural gas trading, as it expanded its share buybacks by $2.5 billion amid rising calls to increase taxes on the energy sector.
- 11/01/2022
|
BP quarterly profits soar to $8.2 billion amid renewed calls for windfall taxes
- Oil and gas giant BP on Tuesday reported stronger-than-expected third-quarter profits.
- 11/01/2022
|
Can BP keep up shareholder returns to match Shell?
- BP PLC (LSE:BP.) will report third-quarter results tomorrow a week after rival Shell unveiled softer but still massive profits and shareholder returns.
- 10/31/2022
|
World needs urgent assessment of the realities facing the energy system, BP CEO says
- Bernard Looney's comments were made during a panel discussion at the ADIPEC conference in Abu Dhabi.
- 10/31/2022
|
Are Investors Undervaluing BP (BP) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/28/2022
|
4 Integrated Energy Stocks to Gain From the Promising Industry
- High oil price and handsome midstream & downstream businesses are making the outlook for the Zacks Oil & Gas Integrated International industry bright. ExxonMobil (XOM), Chevron (CVX), Shell (SHEL), and BP are well-positioned to make the most of the highly favorable business environment.
- 10/27/2022
|
Is the BP share price dirt cheap ahead of Q3 earnings?
- BP (LON: BP) share price popped to the highest level since October 5 after the strong results by Shell. The stock rose to a high of 478p, which was about 13.4% from the lowest level this month.
- 10/27/2022
|
BP (BP) is a Top-Ranked Value Stock: Should You Buy?
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 10/26/2022
|
Shell and BP tipped to pour more excess cash into share buy-backs
- Shell PLC (LSE:SHEL, NYSE:SHEL) will later this week spend up more of its excess cash to buy back more of its own equity, that's according to analysts at Jefferies. In order for Shell to meet its shareholder returns target, to pay out over 30% of cash flow from operations, it will need to increase its share buy-back programme by US$1-2bn, at the same time the US investment bank's analysts reckon dividends could increase.
- 10/24/2022
|
With New BP Deal, Divert Steps $175 Million Closer To Solving The Wasted Food Problem
- A 10-year offtake agreement for renewable natural gas with bp is just the latest in a series of advances this Massachusetts-based company has made in its 15-year history toward tackling this tremendous challenge.
- 10/19/2022
|
BP's move to buy Archaea signals beginning of accelerating M&A in the renewable energy sector
- Is it time for old energy to buy new energy? According to analysts at Canaccord, yes.
- 10/18/2022
|
BP Bets $4 Billion On Green Landfill Gas, Yielding Another Fat Payday For The ‘Shalennial' Rice Brothers
- Thanks to federal subsidies, sucking methane out of landfills is twice as profitable per unit of energy versus pumping oil — with zero carbon emissions.
- 10/18/2022
|
Minneapolis Fed directors wanted 100 bp discount rate hike in September
- Federal Reserve Bank of Minneapolis board members sought a full percentage point increase in a key emergency borrowing rate for commercial banks ahead of the central bank's September monetary policy meeting, minutes of discount rate meetings showed on Tuesday.
- 10/18/2022
|
Why Archaea Energy Stock Soared 54% Today
- An oil and gas titan wants to buy the renewable energy provider for $4.1 billion.
- 10/17/2022
|
BP Supercharges Renewable Transition With Archaea Acquisition
- British oil giant BP PLC ( BP , Financial)( LSE:BP. , Financial) is in the process of implementing a bold strategy to transition itself into a renewable energy company.
- 10/17/2022
|
Why bp (BP) Is Buying Archaea Energy (LFG) For $4.1 Billion
- Archaea Energy Inc. (NYSE: LFG) announced that it has agreed to be acquired by bp (NYSE: BP) for approximately $26 per Archaea Class A and Class B share in cash, or a total enterprise value of approximately $4.1 billion. These are the details.
- 10/17/2022
|
Here is Why Growth Investors Should Buy BP (BP) Now
- BP (BP) could produce exceptional returns because of its solid growth attributes.
- 10/14/2022
|
The 7 Best Oil Stocks to Buy Now
- Finding the best oil stocks to buy isn't as easy as it was in the first half of the year. The price of crude oil ran up to a multiyear high of $120 a barrel in the spring, shortly after Russia invaded Ukraine.
- 10/12/2022
|
Oil & Gas Stocks Are Still Good Buys, For a Number of Reasons
- These stocks are likely to generate a significant amount of cash from relative strength in oil prices and return value to shareholders instead of making significant investments in the business.
- 10/12/2022
|
Dividend cover improves for London-listed companies thanks to Shell and BP
- London-listed companies are on average paying dividends with much better support from profits than before the pandemic, thanks to the oil industry, though UK dividend cover is lower than the global average, according to new research. UK dividend cover was below the global average in 2021, according to the dividend report from Henderson International Income Trust, but the likes of Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.
- 10/12/2022
|
BP to supply green hydrogen to UK low-carbon lithium processor
- Oil giant BP PLC (LSE:BP.) has agreed a deal to supply green hydrogen to a lithium hydroxide processing facility in Tees Valley, to supply electric vehicle battery gigafactories.
- 10/12/2022
|
BP looks to North Sea, US shale for near-term oil and gas boost
- BP is expanding oil production in it's existing fields in the North Sea and the United States to capitalize on soaring prices amidst a global energy crisis.
- 10/07/2022
|
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 10/04/2022
|
3 Integrated Majors Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Shell plc (SHEL) and Eni SpA (E).
- 10/04/2022
|
Is BP (BP) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/03/2022
|
Energy Firms Pledge to Cut Carbon Emissions to Zero by 2050
- BP plc (BP), Equinor (EQNR), Repsol (REPYY), Shell (SHEL) and Schlumberger (SLB) are some of the oil and gas companies outlining net-zero commitments by 2050.
- 10/03/2022
|
BP: 5% Yield, 4x P/E, Upside Potential
- BP's shares have become unreasonably cheap. A cold winter in Europe may exacerbate an already strained supply situation.
- 09/29/2022
|
Biden warns oil companies not to raise gas prices in wake of Hurricane Ian
- President Biden, speaking at the White House, warned energy industry executives not to raise the price of oil or gas in the aftermath of Hurricane Ian.
- 09/28/2022
|
Hertz (HTZ) Stock Rises 6% on EV Charging Deal With BP
- Hertz (NASDAQ: HTZ ), the rental car company that represented one of the most devastated organizations following the coronavirus pandemic, is firing back on all cylinders as it makes its pivot to electric vehicles (EVs). On Tuesday, Hertz announced it will partner with hydrocarbon energy specialist BP (NYSE: BP ) to help build out charging infrastructure.
- 09/27/2022
|
Hertz, BP team up to build EV charging network
- Hertz and BP plan to build a network of thousands of electric vehicle chargers in North America, the companies said Tuesday.
- 09/27/2022
|
Hertz teams up with BP to install EV chargers across the U.S.
- Yahoo Finance Live anchors Brad Smith and Brian Sozzi discuss Hertz and BP teaming up to install EV chargers throughout the U.S.
- 09/27/2022
|
BP, Chevron Shut Offshore Facilities Prior to Ian's Landfall
- BP and Chevron (CVX) shutting down the refineries can limit the damage that could disrupt fuel supplies for an extended period.
- 09/27/2022
|
Hertz, BP to Develop National Network of EV Charging Stations
- Hertz Global Holdings Inc (NASDAQ:HTZ) announced this morning that it was partnering with BP (BP) to create a national network of electric vehicle (EV) charging stations, which will be powered by BP Pulse.
- 09/27/2022
|
Hertz ties up with BP for EV charger installations in North America
- Hertz Global Holdings Inc said on Tuesday it has partnered with a unit of oil giant BP to install electric vehicle (EV) charging stations across North America to power its fleet of eco-friendly cars.
- 09/27/2022
|
Hertz and BP sign MOU to develop network of EV charging stations across North America
- Hertz Global Holdings Inc. HTZ, -4.18% and BP PLC BP, +0.16% BP, -2.92% said Tuesday they have signed a memorandum of understanding for the development of a network of electric vehicle charging stations in North America. The charging stations will be powered by BP pulse, the energy's company's global electrification and charging brand.
- 09/27/2022
|
Hertz is teaming up with oil giant BP to install thousands of EV chargers in the U.S.
- BP's fleet-charging unit will help Hertz manage its growing fleet of EVs, with chargers that will be available to the public as well.
- 09/27/2022
|
Hertz Follows Big GM EV Deal With BP Pulse Charge Station Tie-up
- A week after announcing its intention to buy up to 175,000 electric vehicles over five years from General Motors Corp. rental car giant Hertz Corp. announced a major step Tuesday to complete the other half of the EV equation—keeping its growing fleet charged.
- 09/27/2022
|
BP: Junk In The Hole, Not Bottom-Fishing Material
- I again take BP to task for relentless pursuit of clean energy investments that have no sure payback. I maintain my strong sell in spite of a recently raised dividend that is safe-covered by cash flow at current oil prices.
- 09/26/2022
|
US energy industry needs ‘backup,' can't run on ‘just wind and solar': Former BP Chief Scientist Steve Koonin
- Former BP chief scientist and Obama Department of Energy Secretary of Science says lawmakers need to worry about the reliability and affordability of energy.
- 09/23/2022
|
BP p.l.c. (BP) Is a Trending Stock: Facts to Know Before Betting on It
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 09/23/2022
|
BP share price analysis as crude oil prices dip
- BP (LON: BP) share price pulled back on Friday as the market reacted to the ongoing crash of crude oil prices and a fire in Ohio. The shares slipped to a low of 443.70p, which was slightly below the year-to-date high of 470p.
- 09/23/2022
|
BP Stock Regains Some Ground After Fire at Refinery Leaves Two Dead
- Shares of oil giant BP (ticker: BP) retraced some of their losses from Wednesday after a fire at a refinery operated by the company killed two people.
- 09/22/2022
|
Putin threat boosts FTSE 100 as BAE Systems, oil producers rise
- Defense contractor BAE Systems BA, +5.47% was the top performing FTSE 100 stock in midday trade, rallying over 5% after Russian President Vladimir Putin announced a partial mobilization of troops and threatened the west with nuclear weapons. Gains for Shell SHEL, +2.43% and BP, +1.89% also buoyed the U.K. index UKX, +0.86% , up 0.8%.
- 09/21/2022
|
BP's GTA FPSO Moves Away After Typhoon Muifa Hits China
- The FPSO's mooring systems for BP's GTA project are affected by the typhoon, resulting in the vessel drifting 200 meters off the quayside.
- 09/20/2022
|
BP Appears to be a Solid Investment Bet Right Now: Here's Why
- Attractive oil price is aiding BP's upstream operations.
- 09/16/2022
|
Governments urged to act after oil giants accused of misleading public
- Documents suggest Shell and BP staff privately downplayed public commitments on climate crisis
- 09/16/2022
|
Nearing Retirement? The 3 Best Energy Dividend Stocks to Buy Now
- Energy is vital to the world and most investors should have some exposure to the sector. Here's three high-yield options to consider.
- 09/16/2022
|
BP to Acquire EDF ES to Boost US Retail Gas Power Presence
- With the acquisition, BP will be able to expand its energy solutions and additional services for customers in new and existing markets.
- 09/14/2022
|
Key questions remain around future oil supply, says RBC Capital's Helima Croft
- Helima Croft, head of global commodity strategy at RBC Capital Markets, joins CNBC's 'Squawk Box' to discuss moves in energy prices following August's inflation report, which showed a sharp decline in gasoline prices
- 09/14/2022
|
Here's Why BP (BP) is a Great Momentum Stock to Buy
- Does BP (BP) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 09/13/2022
|
The best FTSE 100 dividend stocks I'd buy today
- The FTSE 100 index has barely moved in 2022 as investors battle multiple concerns. For example, the British pound (GBP/USD) has crashed to the lowest level since the 1980s while inflation has soared to a four-decade high.
- 09/13/2022
|
Investors Heavily Search BP p.l.c. (BP): Here is What You Need to Know
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 09/12/2022
|
BP Plc: Getting A Boost From The Red Hot Oil Prices
- BP had total revenues of $69.51 billion for the quarter (oil revenues are $67.87 billion). The quarter's production was 2,198K Boep/d, up 3.7% compared to last year and down 2.4% sequentially.
- 09/09/2022
|
Exxon Mobil Vs. BP: Which Is The Better Big Oil Pick?
- The macro environment for oil and gas companies is excellent in the near term and very solid in the long run. XOM and BP operate with different strategies when it comes to hydrocarbon investments and green energy assets.
- 09/09/2022
|
There are opportunities in ENP infrastructure and renewables, says Kayne Anderson CEO
- Al Rabil, Kayne Anderson CEO, joins 'Squawk on the Street' to discuss if or why there's been a pullback in energy investment, if there's capital available to reverse the underinvestment in energy, and more.
- 09/06/2022
|
Exploring the Energy Sector's Ongoing Earnings Boom
- The sector's expected earnings haul in 2022, as well as current estimates for the next two years, represent all-time records for the space, easily surpassing the previous record set in 2008 when oil prices had gone above $140 per barrel.
- 09/02/2022
|
Here is What to Know Beyond Why BP p.l.c. (BP) is a Trending Stock
- BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 08/30/2022
|
Should Investors Buy BP Stock?
- When considering companies that will contribute to a strong portfolio, the oil and energy sector offers many candidates. Positive earnings revisions have landed BP a Zacks Rank #1 (Strong Buy) ranking.
- 08/29/2022
|
Energy Emergencies Declared After BP Refinery Fire In Indiana
- The largest oil refinery in the Midwest has been shut down, but there's no sign of an immediate impact on gas prices.
- 08/27/2022
|
BP Shuts Down Indiana's Whiting Refinery Units for Fire
- BP shuts down two crude units at the refinery, which include Pipestill 12 and the 70,000 barrel-a-day Pipestill 11A.
- 08/26/2022
|
BP shuts part of Whiting, Indiana refinery after electrical fire - media
- A portion of BP's 430,000 barrel-per-day Whiting refinery in Indiana was shut on Wednesday afternoon due to an electrical fire, according to local media reports.
- 08/24/2022
|
BP Oil Spill Linked To Abnormalities In Dolphin DNA
- The study comes 12 years after the Deepwater Horizons oil spill sent more than 210 million gallons of crude oil into the Gulf of Mexico.
- 08/24/2022
|
Eni, TotalEnergies Find Gas in Cronos-1 Well Offshore Cyprus
- Eni (E) operates Block 6 with a 50% stake, while partner TotalEnergies (TTE) owns the rest.
- 08/24/2022
|
A Trillion-Dollar Opportunity
- Like investing in the smartphone market before the iPhone
- 08/23/2022
|
Data We Trade On: Consumer Price Inflation
- Are U.S. prices slowing, or not?
- 08/23/2022
|
LNG Stocks To Watch As Natural Gas Prices Retreat From 14-Year Highs
- LNG stocks were mixed Tuesday as U.S. natural gas futures fell back from levels not seen since 2008.
- 08/23/2022
|
Should Value Investors Buy BP (BP) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 08/23/2022
|
The 7 Best Bargain Stocks to Buy Now
- Given the unique circumstances associated with the Covid-19 pandemic, investors may want to take a step back from the crowd and consider the best bargain stocks to buy now. To be sure, several equity-based opportunities printed much red ink this year, presenting cheap prospects to consider.
- 08/22/2022
|
Is Trending Stock BP p.l.c. (BP) a Buy Now?
- BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 08/19/2022
|
NZ central bank hikes rates 50-bp, signals aggressive tightening pace
- New Zealand's central bank delivered its seventh straight interest rate rise on Wednesday and signalled a more hawkish tightening path over coming months to restrain stubbornly high inflation.
- 08/16/2022
|
7 Undervalued Energy Stocks With Significant Upside Ahead
- Oil stocks have outperformed the broader market this year as prices for crude and natural gas remain at multi-year highs. But despite the growth this year, there remain many undervalued energy stocks with significant upside ahead.
- 08/16/2022
|
BP Stock Is Falling: What's Happening?
- BP plc (NYSE: BP) shares are trading lower by 3.92% to $30.43. Shares of energy companies at large are trading lower Monday morning as oil prices drop following soft China factory data, which has pressured demand outlook.
- 08/15/2022
|
Astoria $2B redevelopment plan has glimmer of hope despite pushback by Queens BP
- Prospects for Innovation QNS, the unimaginatively named but humanely conceived mixed-use complex planned in Astoria aren't dead yet.
- 08/14/2022
|
BP And Other Super-Majors: Last Twenty Years Clarifies Call For Windfall Profits Tax.
- A broader perspective suggests that any such tax should be based on longer-duration profit averages.
- 08/12/2022
|
Why Hasn't TotalEnergies Boosted Its Dividend Like BP and Shell?
- The oil sector is doing great and European energy giants are rewarding investors with big dividend hikes. Why is TotalEnergies being stingy?
- 08/12/2022
|
BP Stock Up 8% Over Last Month. Will It Continue?
- BP plc stock (NYSE: BP), a European integrated energy major, has increased by 8% over the last twenty-one trading days (one month) and currently stands at around $30.
- 08/10/2022
|
Fed now seen delivering 50 bp hike in Sept after inflation eases
- Traders slashed bets the Federal Reserve will deliver a third straight 75-basis-point interest rate increase in September after data released Wednesday showed U.S. inflation slowed last month.
- 08/10/2022
|
Shell, BP, British Gas bosses summoned by government with talk of new windfall tax
- An increased windfall energy tax may be back on the agenda with energy bosses set for talks with the government on how they aim to tackle soaring bills. Education secretary James Cleverly told Sky News that chancellor Nadhim Zahawi and business secretary Kwasi Kwarteng will meet the leaders of energy companies, such as BP, Shell and Centrica, as analysts now forecast energy bills to break £4,500 next year.
- 08/10/2022
|
4 Low Price-Book Ratio Stocks
- Screening for stocks with market caps over $10 billion and price-book ratios near or below 1.5 could provide a good starting point for value investors as they seek to find opportunities among the myriad of U.S.-listed stocks. Thus, value investors may want to consider the following stocks, as they meet the above criteria and are recommended by Wall Street.
- 08/09/2022
|
BP Rises 3.5% on Earnings Beat in Q2, Ups Share Buybacks
- Higher production and commodity price realizations aid BP's earnings in Q2.
- 08/09/2022
|
BP drills appraisal well in Texas for carbon capture an d storage
- BP PLC (LSE:BP.) has begun drilling an appraisal well in Texas for its planned US carbon capture and sequestration operations.
- 08/09/2022
|
BP: Back On Track, I Expect More Big Dividend Increases Coming
- When last discussing BP, my analysis expected faster dividend growth despite their Rosneft setback. Thankfully, this proved timely with management recently boosting their dividends by 10% upon the release of their second quarter of 2022 results.
- 08/09/2022
|
Oil major BP drilling an appraisal well in Texas for carbon sequestration
- Oil major BP on Monday said it has begun drilling an appraisal well in Texas for its U.S. carbon capture and sequestration business, an executive said.
- 08/08/2022
|
The CPI in Focus: Global Week Ahead
- Wednesday's July U.S. inflation print is shaping up as a key test for a summer rally in U.S. stocks that has lifted the S&P 500 to multi-week highs.
- 08/08/2022
|
BP: 80% Upside Even At Weaker Oil Prices
- BP trades at an approximate 70%-100% discount to US oil majors and is valued at one year forward P/E of < x4. This discount is not justified, in my opinion, because European and US oil majors equally share exposure to the oil price.
- 08/07/2022
|
Watch These 5 Stocks That Increased Their Dividends Of Late
- Stocks like BP, SunCoke Energy, Pioneer Natural Resources, Northern Oil and Gas, and Diamondback Energy have lately hiked their dividend payments.
- 08/04/2022
|
S.Korea's home prices to fall up to 2.8% with 100 bp rate hike - central bank report
- South Korea's residential property prices are likely to drop by up to 2.8% in two years with a full percentage point hike in policy interest rate, according to a research paper by the central bank on Wednesday.
- 08/02/2022
|
Climate Action 100+: Mega Activist Investors
- Climate Action 100+ is an institutional investor-led reporting framework focused primarily on the largest greenhouse gas emitting corporate issuers. Information can be found on the largest greenhouse gas emitting corporate issuers from 2017 to the present day.
- 08/02/2022
|
So BP is making a lot of money (not a think piece)
- How much money is BP PLC (LSE:BP.
- 08/02/2022
|
BP p.l.c. (BP) CEO Bernard Looney on Q2 2022 Results - Earnings Call Transcript
- BP p.l.c. (NYSE:BP ) Q2 2022 Earnings Conference Call August 2, 2022 4:00 AM ET Company Participants Craig Marshall - Senior Vice President & Head-Investor Relations Bernard Looney - Chief Executive Officer Murray Auchincloss - Chief Financial Officer Conference Call Participants Gordon Gray - HSBC Martijn Rats - Morgan Stanley Chris Kuplent - Bank of America Lydia Rainforth - Barclays Jason Kenney - Banco Santander Oswald Clint - Bernstein Irene Himona - Societe Generale Lucas Herrmann - BNP Exane Amy Wong - Credit Suisse Jason Gabelman - Cowen Paul Cheng - Scotiabank Peter Low - Redburn Henri Patricot - UBS Craig Marshall Good morning, everyone, and welcome to BP's Second Quarter 2022 Results Presentation. I'm here today with Bernard Looney, Chief Executive Officer; and Murray Auchincloss, Chief Financial Officer.
- 08/02/2022
|
BP Raises Dividend, Buybacks as Higher Prices Boost Profits
- BP Plc accelerated share buybacks to the fastest pace yet as it plans to repurchase another $3.5 billion of shares and hike its dividend after profits surged in the second quarter. James Herron reports on Bloomberg Television.
- 08/02/2022
|
BP Stock Surges After Energy Giant Records $8.5 Billion Quarterly Profit
- BP also raises its dividend by 10% and announces a further buyback of $3.5 billion of stock.
- 08/02/2022
|
BP doubles cash flows amidst soaring prices, lifts dividend and plans US$3.5bn of new share buy-back
- BP PLC (LSE:BP.) has revealed that its cash flows doubled in the second quarter amidst peak oil and gas prices following the Russian invasion of Ukraine.
- 08/02/2022
|
Oil major BP boosts dividend as quarterly profits jump on high commodity prices
- U.K. oil giant BP on Tuesday reported bumper second-quarter profits, benefitting from a surge in commodity prices.
- 08/02/2022
|
BP reports Q2 profit of $8.45 billion, boosts dividend
- BP on Tuesday reported a second quarter profit of $8.45 billion, its highest in 14 years, as soaring refining margins and energy prices helped it boost its dividend by 10%.
- 08/02/2022
|
Cramer explains why Big Oil is a buy as prices slump
- 'Mad Money' host Jim Cramer and the 'Squawk on the Street' team break down shares of big oil companies as oil prices slump and the energy sector lags.
- 08/01/2022
|
BP share price outlook ahead of Q2 earnings. Is it a buy?
- BP (LON: BP) share price has staged a strong recovery in the past few days as investors wait for the company's financial results. The stock rose to a high of 404.65p, which was about 11% above the lowest level in July.
- 08/01/2022
|
BP, Iberdrola commit €1bn to EV charging, partner on green hydrogen
- BP PLC (LSE:BP.) has agreed to jointly invest up to €1bn in fast-charging electric vehicle points in Spain and Portugal Through a tie-up with Spanish utility Iberdrola, the British energy company also intends to scale up production of green hydrogen, to 600 kilo-tonnes per annum, with integrated with renewable power generation.
- 07/28/2022
|
Bert's June 2022 Dividend Income Summary
- We received $2,818.44 in June dividend income. This was a 21.79% year over year increase. Individual dividend growth stocks paid us $1,686.78. This represented 60% of the total dividend income received. ETFs and mutual funds accounted for 40% of our total dividend income for the month.
- 07/27/2022
|
Are Investors Undervaluing BP (BP) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 07/25/2022
|
High energy demand could lead to higher prices in the coming weeks, Goldman Sachs' Damien Courvalin
- Damien Courvalin, Goldman Sachs head of energmur research, joins CNBC's 'Squawk Box' to break down his outlook for energy prices amid strong demand.
- 07/22/2022
|
BP: How To Profit Even If You Don't Believe In The Company
- BP has lagged its U.S. Oil & Gas majors peers in 2022. The company has experienced a massive P/E debasing and is currently trading at half the forward P/E ratio that Chevron exposes.
- 07/21/2022
|
Wall Street Analysts Think BP (BP) Could Surge 26%: Read This Before Placing a Bet
- The consensus price target hints at a 25.9% upside potential for BP (BP). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 07/21/2022
|
Beat Market Volatility With These 5 High Earnings Yield Bets
- Firms with higher earnings yield are considered underpriced. Consider investing in high earnings yield stocks like CBT, AXL, BP, HAL and CR to reap rewards.
- 07/19/2022
|
BP Plans to Commence SAF Production in Australia by 2025
- BP's facility and a A$50-million biorefinery being developed by Oceania Biofuels on the east coast will be the first two SAF facilities in Australia.
- 07/18/2022
|
5 Energy Stocks From the Promising Integrated Oil Industry
- High oil price and mild recession expectations are making the outlook for the Zacks Oil & Gas Integrated International industry bright. ExxonMobil (XOM), Chevron (CVX), Shell (SHEL), BP and Eni (E) are well-positioned to make the most of the highly favorable business environment.
- 07/14/2022
|
Price of Gold Fundamental Daily Forecast – Red-Hot Producer Inflation Will Solidify 100 bp Rate Hike Chances
- Based on the inflation data, some traders now see a 75-bp rate hike as “dovish” when compared to the possibility of a 100-bp rate hike.
- 07/14/2022
|
JP Morgan Sees Oil at $190 a Barrel or More: 7 Big Dividend Stocks to Buy Now
- With oil trading back under $100 a barrel and to the lowest levels in three months, many across Wall Street are starting to walk away from the energy trade.
- 07/13/2022
|
Bank of Canada seen set for jumbo 75-bp rate hike as inflation bites
- The Bank of Canada on Wednesday is expected to make its largest interest-rate increase since the late 1990s as the central bank hastens tightening to tackle an overheating economy and runaway inflation.
- 07/13/2022
|
Market check: Energy stocks in the red as dollar strengthens
- Yahoo Finance's Ines Ferré discusses energy stocks and semiconductor stocks in midday trading. Yahoo Finance's Ines Ferré discusses energy stocks and semiconductor stocks in midday trading.
- 07/12/2022
|
Bull of the Day: BP (BP)
- Oil and gas prices have energy stocks gushing profits.
- 07/11/2022
|
Energy demand still robust, oil expected to hit $140 per barrel, says Damien Courvalin
- Damien Courvalin, head of energy research at Goldman Sachs, joins CNBC's 'Squawk Box' to break down energy markets and provides an outlook for the price of oil.
- 07/07/2022
|
Best Value Stocks to Buy for July 7th
- BP, SHEL, and CVGI made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 7, 2022.
- 07/07/2022
|
New Strong Buy Stocks for July 7th
- BP, ING, SHEL, BANR and TITN have been added to the Zacks Rank #1 (Strong Buy) List on July 7, 2022.
- 07/07/2022
|
Goldman Sachs Still Sees $140 Oil: 8 Dividend Energy Giants On Sale Now
- The big oil giants have been hit hard by recession fears. That is music to the ears of beleaguered consumers who have been paying $5 a gallon and more for gasoline in some parts of the country.
- 07/07/2022
|
Best Income Stocks to Buy for July 7th
- BANR, BP, and ING made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 7, 2022.
- 07/07/2022
|
3 Energy Stocks Trading With Low Price-to-Free-Cash-Flow Ratios
- To increase your chances of discovering value opportunities, one method is to screen the market for stocks with lower trailing 12-month price-to-free-cash-flow ratios than that of S&P Index, which stands at around 15.72 as of the time of writing.
- 07/06/2022
|
BP: Buy The Dip Like Buffett
- We reverse engineer Warren Buffett's bullish bet on oil. The conclusion: Buy the dip. BP is investing in the energy transition, but should it be paying down its debts instead?
- 07/06/2022
|
Australia's 'big four' banks pass on full 50 bp variable mortgage rate hike
- Australia's "big four" lenders raised their home loan variable interest rates on Wednesday by 50 basis points (bps) per annum, passing on the central bank's third consecutive rate hike in full to their customers.
- 07/06/2022
|
Why BP Shares Are Diving Today
- BP plc (NYSE: BP) shares are trading lower by 3.80% to $27.20 Tuesday morning. Shares of energy companies are trading lower amid a drop in oil prices as investors assess recession concerns.
- 07/05/2022
|
Shell and BP to deliver even greater profits and shareholder returns for Q2 - analyst
- Soaring profits mean Shell PLC (LSE:SHEL, NYSE:SHEL) may possibly announce a ‘double-digit' percent dividend increase whilst BP PLC (LSE:BP.) may possibly boost the size of its US$2.5bn share buy-back programme by 50%, that's according to analysts at American investment bank Jefferies.
- 07/01/2022
|
BP, BHP, Exxon 'under-reporting CO2 emissions'
- Exxon Mobil, BP PLC (LSE:BP.) and BHP Group Ltd (LSE:BHP, ASX:BHP) are the highest greenhouse gas emitting companies outside of the gulf and Asia, and all are vastly under-reporting the level of their emissions, according to new analysis.
- 06/29/2022
|
Big Oil Is Betting Big on Hydrogen
- Hydrogen is ready to reshape the world's energy landscape with ultra-affordable, energy-dense, reliable and transportable clean energy. The post Big Oil Is Betting Big on Hydrogen appeared first on InvestorPlace.
- 06/28/2022
|
3 Energy Firms to Gain From Record Gulf Coast Oil Export
- Companies that may gain from record crude oil export from the Gulf Coast are BP, Hess (HES) and Shell (SHEL).
- 06/28/2022
|
These 2 Oil Companies Are Investing Heavily in Renewable Energy
- But should you buy their stocks?
- 06/28/2022
|
8 ‘Strong Buy' Oil Giants With Massive Dividends Are On Sale Right Now
- The demand for oil and other products that the integrated giants produce will continue to skyrocket.
- 06/24/2022
|
Oil CEOs call for 'tone shift' from White House on finger-pointing over gas prices
- The oil industry pushed for an easing of tensions and a dialing back of finger-pointing from the White House during a Thursday meeting with the Energy Department as high gas prices continue to anger politicians and consumers.
- 06/23/2022
|
What's Going On With Exxon Mobil, Marathon Oil, BP And Shell Shares Today?
- Exxon Mobil Corp (NYSE: XOM), Marathon Oil Corporation (NYSE: MRO), BP plc (NYSE: BP) and Shell PLC (NYSE: SHEL) are all trading lower Wednesday. Shares of energy companies at large are trading lower amid a dip in oil prices following reports President Biden may suspend the federal tax on gasoline.
- 06/22/2022
|
Jim Cramer: Oil is suddenly in a bear market
- 'Mad Money' host Jim Cramer and the 'Squawk on the Street' team discuss energy prices ahead of Federal Reserve Chair Jerome Powell's testimony on Capitol Hill. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis.
- 06/22/2022
|
Deals by Cenovus and BP Dominate Oil & Gas Stock Roundup
- Apart from Cenovus Energy (CVE) and BP plc (BP), Eni (E), Cheniere Energy (LNG) and Matador Resources (MTDR) hog the limelight during the week.
- 06/22/2022
|
Stay patient on energy stocks and look for opportunities, says Hightower's Stephanie Link
- Stephanie Link, Hightower Advisors chief investment strategist, joins CNBC's 'Squawk Box' to discuss how a gas tax holiday could impact oil stocks.
- 06/22/2022
|
Can BP's Renewable Energy Transition Really Pay Off?
- British oil and gas major BP PLC ( LSE:BP. , Financial)( BP , Financial) has not been doing particularly well this year.
- 06/21/2022
|
Sarah Ketterer's 5 Favorite Energy Stocks
- Causeway Capital Management, the Los Angeles-based firm founded by Sarah Ketterer (Trades, Portfolio) and Harry Hartford in 2001, seeks to achieve superior risk-adjusted returns by investing in mispriced equities in both developed as well as emerging markets.
- 06/20/2022
|
Rating 9 Oil Stocks With the Highest Dividends
- With the hydrocarbon industry suddenly becoming relevant, here are the oil stocks to consider based on their dividends. The post Rating 9 Oil Stocks With the Highest Dividends appeared first on InvestorPlace.
- 06/20/2022
|
CEO of Rosneft says BP still remains major stakeholder
- Igor Sechin, the head of Russian oil major Rosneft, said on Saturday that BP still remains its largest private shareholder despite having announced its departure in February after Moscow sent troops into Ukraine.
- 06/18/2022
|
Reasons Why Hold Strategy is Apt for BP Stock Right Now
- Higher oil price is aiding the upstream business of BP. Its debt exposure remains high.
- 06/17/2022
|
Another 75 BP is likely at next Fed meeting, says fmr. Atlanta Fed Pres.
- Dennis Lockhart, former Atlanta Fed president, joins 'Squawk on the Street' to say he believes the next Fed rate hike will be for another 75 basis points, as well as the Fed's plan to navigate a soft landing.
- 06/16/2022
|
Biden threatens oil companies w/ 'emergency powers' if they don't boost supply amid inflation spike
- Rep. Ben Cline, R-Va., joined 'Kennedy' to weigh in on the Federal Reserve raising interest rates and Biden's letter to oil companies demanding they increase supply.
- 06/15/2022
|
Biden sends letter warning oil companies on historically high refinery profits
- President Biden today accused the oil industry of profiting from record-high gas prices. He did so in an open letter to seven of the biggest oil companies, including Chevron, ExxonMobile and Shell.
- 06/15/2022
|
Biden blasts refiners' profits as ‘not acceptable,' while Democratic senator targets Big Oil's ‘profiteering'
- Democratic-run Washington is continuing to make an effort to address high gasoline prices, with President Joe Biden targeting refiners and a top senator taking aim at oil companies' profits through an upcoming bill.
- 06/15/2022
|
Joe Biden orders oil companies to explain why they're cutting gasoline production as prices soar above $5 a gallon
- Joe Biden complained in his letter to companies including Exxon Mobil and Shell they are cutting back gas production purely to boost profits.
- 06/15/2022
|
Biden threatens oil companies with 'emergency powers' if they don't boost supply amid inflation spike
- President Biden is blaming American oil companies for the surging price of gas in a series of letters to CEOs on Wednesday, expanding beyond blaming Vladimir Putin.
- 06/15/2022
|
Oil giant BP buys 40.5% stake in massive renewables and green hydrogen project
- The planned development is located in the Pilbara region of Western Australia.
- 06/15/2022
|
BP takes controlling stake in renewables ‘mega-project' in Australia's Pilbara region
- BP PLC (LSE:BP.) announced it will be taking a 40.5% stake in a massive renewable energy venture in Western Australia's Pilbara region, famous for its large-scale mining operations and access to Asian export routes.
- 06/15/2022
|
BP buys into Australian wind, solar, hydrogen mega-project
- BP plc has agreed to buy a 40.5% stake and become operator of an Australian renewable energy project that could become one of the world's biggest producers of green hydrogen, the global oil major said, without disclosing how much it paid.
- 06/14/2022
|
Cenovus to Acquire Remaining Stake in BP's Sunrise Project
- As part of the deal, Cenovus (CVE) will give up its 35% interest in Canada's Bay du Nord oil project to BP.
- 06/14/2022
|
7 Blue-Chip Stocks With Strong Dividend Yields
- Blue-Chip stocks are particularly attractive in volatile times like now. These picks include a strong dividend as well.
- 06/09/2022
|
7 Stocks Under $50 to Buy and Hold Forever
- Investors searching for stocks under $50 should strongly consider the names on this list. The post 7 Stocks Under $50 to Buy and Hold Forever appeared first on InvestorPlace.
- 06/09/2022
|
We're at the beginning of a commodities supercycle, says Goldman Sachs' Jeff Currie
- Jeff Currie, Goldman Sachs global head of commodities research, joins CNBC's 'Squawk Box' to discuss soaring gas prices and explains why he thinks markets are in the "first innings" of a commodities supercycle.
- 06/09/2022
|
5 Top Oil and Gas Stocks To Watch This Week
- With rising oil prices, could these oil and gas stocks continue to build on their momentum?
- 06/07/2022
|
BP Is Undervalued
- BP exited the Russian market in February which resulted in large accounting charges in Q1'22. Free cash flow was sufficient to meet capital and financial obligations.
- 06/05/2022
|
Best Stocks To Buy Today? 3 Oil Stocks To Watch
- Could these oil stocks be top picks in the stock market as oil prices continue to gain?
- 05/30/2022
|
Why Is Inflation So High Right Now? 6 Reasons + What Happens Next
- I spilled a lot of ink warning that a large portion of the market was playing a “bigger fool” game – investors were buying overvalued stocks and otherwise worthless cryptocurrencies and NFTs, hoping to unload them on bigger fools (I wrote about it in January). Over the last six months the market started to run out of fools.
- 05/27/2022
|
BP Brings Global Support to Its Teesside Low-Carbon Projects
- BP's Teesside projects could deliver 15% of the UK's recently expanded 10-gigawatt target for hydrogen production by 2030.
- 05/25/2022
|
BP to Supply Marine Biofuel to Decarbonize Shipping Industry
- Under the trial, BP will supply marine biofuel to Rio Tinto for around 12 months.
- 05/24/2022
|
If stagflation emerges, buy AstraZeneca and Reckitt, avoid Aviva and BP says analyst
- The looming spectre of stagflation, the process where an economy is dogged by both low growth and high inflation and unemployment, is awakening like an embalmed mummy after a deep slumber. Although there has been a lot of press already this already, including some confident dismissals, nobody knows for sure whether the phenomenon last seen in the 1970s will creep back.
- 05/18/2022
|
2 wild charts show how Big Oil profits are skyrocketing as prices at the pump rise
- Oil companies are raking in the largest quarterly profits in a decade, raising concerns that the sector is using high gas prices to gouge customers.
- 05/17/2022
|
7 Oil Stocks to Buy With Safe Dividends
- The market is looking increasingly volatile and shaky in 2022. These seven oil stocks can provide stability along with trustworthy dividends.
- 05/17/2022
|
BP shareholders back company's climate strategy
- BP shareholders on Thursday backed the company's climate strategy, while fewer investors than last year supported a second resolution filed by an activist group urging faster action to battle climate change. BP plans to slash its oil and gas output by 40% and boost its renewable power business by 20-fold by 2030.
- 05/12/2022
|
BP bids for two Dutch offshore wind power leases
- Oil major BP has submitted bids to develop two offshore wind power leases in the Netherlands, it said on Thursday, as the company increases its focus on renewable energy.
- 05/12/2022
|
BP plans US$10bn stake in Australia's Asian Renewable Energy Hub - report
- BP plans to take a major stake in the Asian Renewable Energy Hub (AREH) in East Pilbara, one of the world's biggest projects to produce green hydrogen from wind and solar. The UK-based oil giant is expected to acquire about 30% of the US$36bn AREH, which plans to harness 16GW of onshore wind and 10GW of solar to produce renewable H2 and ammonia, as well as become its lead developer.
- 05/09/2022
|
Bullish BP approaches a key zone and you should keep watch
- In just five days, British Petroleum Plc. (LON:BP) has returned over 11%.
- 05/07/2022
|
5 Buy-Ranked Energy Stocks That Reported Solid Results This Week
- Energy stocks continue to outperform, as expected.
- 05/06/2022
|
Should A Benchmark Price Correction Weigh Heavily On BP Stock?
- In recent filings, the company reiterated its long-term profitability targets considering Brent at $66/bbl in 2025 and $73/bbl in 2030.
- 05/06/2022
|
Five reasons not to slap BP and Shell with a windfall tax
- BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) this week revealed astonishing levels of cash-flow and profit, timidly offset by non-cash write-offs for leaving Russia.
- 05/06/2022
|
Best Oil And Gas Stocks To Buy Today? 3 Heating Up This Earnings Season
- Could these oil and gas stocks be worth jumping on now?
- 05/05/2022
|
Instant View: Fed hikes 50 bp as expected, unveils balance sheet reductions
- The Federal Reserve on Wednesday raised its benchmark overnight interest rate by half a percentage point, the biggest jump in 22 years, and said it would begin trimming its bond holdings next month as a further step in the battle to lower inflation.
- 05/04/2022
|
BP: Faster Dividend Growth Likely Coming Despite Exiting Rosneft
- Following their move to exit Russia, BP recorded a massive $24b impairment as they seek to divest their Rosneft stake. Whilst not ideal, this is a non-cash accrual-based item that does not necessarily impact their shareholder returns.
- 05/04/2022
|
BP: Same Strategy, Better Oil Prices
- BP's long-term strategy is not affected by the loss of Rosneft. It remains heavily dependent on hydrocarbons at least through 2030. The company remains disciplined and is not over-committing to renewable investments.
- 05/03/2022
|
Is BP Stock a Buy After Q1 Earnings? 3 Analysts Weigh In.
- The European oil major's stock is marching higher today following better-than-expected quarterly earnings that came in a volatile market. The post Is BP Stock a Buy After Q1 Earnings?
- 05/03/2022
|
BP stock pops on strong Q1 earnings, Big Oil share buybacks
- Yahoo Finance Live anchors discuss earnings results for oil giant BP and textbook provider Chegg.
- 05/03/2022
|
BP Beats Q1 Earnings Estimates, Announces Share Buyback
- Higher realizations of commodity prices aid BP's earnings in Q1.
- 05/03/2022
|
Fed's Crucial FOMC Meeting in Focus
- Fed's Crucial FOMC Meeting in Focus.
- 05/03/2022
|
Is BP (BP) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 05/03/2022
|
BP Shares Move Higher On Bumper Q1 Profits Of $6.2B, Announces $2.5B Share Buyback
- BP plc's (NYSE: BP) profits more than doubled to $6.2 billion in Q1, helped by soaring oil and gas prices, despite posting a massive loss after offloading its nearly 20% stake in a Russian-controlled oil company Rosneft (OTC: RNFTF). The company reported Q1 adjusted.
- 05/03/2022
|
BP has purged its European refineries of Russian oil and expects to be rid of most long-term contracts with the Kremlin by year's end
- "We're working incredibly hard to eliminate Russian molecules from the system," BP CEO Bernard Looney told Bloomberg.
- 05/03/2022
|
Expect as much as 2 million barrels a day of Russian crude to vanish from the market in May as sanctions kick in, BP boss says
- Existing sanctions will probably eliminate another 1 million barrels a day, BP's CEO has said, as the EU gets closer to proposing extra restrictions.
- 05/03/2022
|
BP p.l.c. (BP) CEO Bernard Looney on Q1 2022 Results - Earnings Call Transcript
- BP p.l.c. (NYSE:BP ) Q1 2022 Earnings Conference Call May 3, 2022 4:00 AM ET Company Participants Craig Marshall - Senior Vice President and Head of Investor Relations Bernard Looney - Chief Executive Officer Murray Auchincloss - Chief Financial Officer Conference Call Participants Christyan Malek - JPMorgan Biraj Borkhataria - RBC Martijn Rats - Morgan Stanley Lucas Herrmann - Exane BNP Irene Himona - Societe Generale Os Clint - Bernstein Paul Cheng - Scotiabank Lydia Rainforth - Barclays Chris Kuplent - Bank of America Alastair Syme - Citi Michele Della Vigna - Goldman Sachs Operator Welcome to the BP presentation to the financial community Webcast and Conference Call. I now hand over to Craig Marshall, Head of Investor Relations.
- 05/03/2022
|
Why BP Shares Are Rising Today
- BP P.L.C. (NYSE: BP) shares are trading higher Tuesday morning after the company reported better-than-expected earnings results. BP reported first-quarter revenue of $49.26 billion, which came in below the $57.71 billion estimate.
- 05/03/2022
|
BP promises North Sea investment amid fresh calls for windfall tax
- BP PLC (LSE:BP.) has unveiled what is described as ambitious plans for fresh investment in the UK North Sea, including spending on exploration in the vicinity of the oil major's existing production hubs.
- 05/03/2022
|
BP profit more than doubles on 'exceptional' oil trading
- BP took a hit of more than $24 billion from ditching its business in Russia but reported a huge jump in profit for the first quarter.
- 05/03/2022
|
BP share price rose slightly after the company published mixed earnings.
- The bp (LON: BP) share price is hovering near its highest level this year after the company published mixed quarterly results. The stock is trading at 403.65p, which is slightly below the YTD high of 420p.
- 05/03/2022
|
BP Tops Q1 Earnings Estimates on Higher Commodity Prices
- Higher realizations of commodity prices aid BP's earnings in Q1.
- 05/03/2022
|
BP books $25.5 billion in impairments on Russian exit
- BP PLC on Tuesday reported impairments of $25.5 billion following the decision to exit its 19.75% shareholding in Russia's Rosneft Oil Co.
- 05/03/2022
|
BP's Russia Exit Is Painful. But the Rest of the Business Is Doing Well.
- BP took a massive charge in the first quarter after Russia's invasion of Ukraine forced it to leave the country.
- 05/03/2022
|
BP boosts buybacks as profit soars to highest in over decade
- BP boosted its share buyback programme after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy company took a $24 billion charge after exiting its operations in Russia.
- 05/03/2022
|
No let off to oil prices as Russia barrels disappear from market - BP CEO
- BP does not expect any let off in oil prices in the near term as the volume of Russian oil impacted by Western sanctions was expectd to double, Chief Executive Officer Bernard Looney said.
- 05/03/2022
|
BP CEO: 'No let up' in oil prices for some time
- BP CEO Bernard Looney tells CNBC where he sees oil prices for the rest of the year, how the industry is adapting to Russian divestments and his take on a proposed U.K. oil and gas windfall tax.
- 05/03/2022
|
BP to boost buy-backs with another US$2.5bn, Russia write-off covers soaring cash profits
- BP PLC (LSE:BP.) is the latest major oil firm to funnel soaring profits back to shareholders via share buybacks, announcing today that an additional US$2.5bn of buy-backs.
- 05/03/2022
|
CEO of BP discusses the $25 billion of write-downs from its Russia exit
- BP's net profit spikes to its highest level in a decade, as the oil major takes a hit from exiting in Russia. In a First On CNBC interview, CEO Bernard Looney discusses the company's quarter and how it plans on finalizing cutting ties with Russia.
- 05/03/2022
|
BP expects to pay up to 1 billion pounds in UK taxes in 2022
- BP expects to pay up to 1 billion pounds ($1.25 billion)in taxes in Britain on its 2022 profits, it said on Tuesday reporting its highest profit in over a decade.
- 05/03/2022
|
BP underlying RC profit hits $6.25B, but sees $25.5B impairment on Rosneft exit
- By Jaime Llinares Taboada
- 05/03/2022
|
BP reports bumper first-quarter net profit, but posts massive loss on hit from Russia exit
- BP reported bumper first-quarter profits, but posted a massive loss after offloading its stake in Russian-controlled oil company Rosneft.
- 05/03/2022
|
Why BP At 5% Yield Is A Good Bet
- BP is positioning itself well for the energy transition while also aiming to increase exposure to higher-margin product volumes. Its retail expansion also presents an untapped market opportunity.
- 05/01/2022
|
Factors You Must Pay Attention to Ahead of BP's Q1 Earnings
- Higher oil and natural prices are expected to have been favorable for BP's upstream operations in Q1.
- 04/29/2022
|
Earnings Previews: BP, Marathon Petroleum, Paramount Global, Pfizer
- After markets closed on Thursday, Amazon missed analysts' consensus estimates for both profit and revenue.
- 04/29/2022
|
BP, Volkswagen unveil details of e-car charging partnership
- BP and Volkswagen on Thursday fleshed out details of their electric vehicle charging alliance, aiming to jointly install 8,000 fast-charging spots across Europe by 2024 in a bid to stoke demand for battery-powered vehicles.
- 04/28/2022
|
Why BP (BP) is a Top Value Stock for the Long-Term
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 04/22/2022
|
Zephyr Energy hedges 50% of production with BP
- Zephyr Energy PLC has hedged 328,000 barrels of oil production from its non-operated asset portfolio in the Williston Basin over the next two years with BP. The programme, which will guarantee US$30mln of forecast revenue, comprises crude oil commodity swap agreements based on a current price of US$100.80 a barrel and declining in stages to US82.20 by the end of the first half of 2024.
- 04/21/2022
|
Where Will BP Stock Be In 5 Years?
- Year-to-date, BP's shares have not performed that well as compared with its other oil supermajor peers, as a result of the company's meaningful exposure to the Russian market. Successful disposal of its equity interest in Rosneft and a higher-than-expected amount of excess capital returned to shareholders are BP's key re-rating catalysts.
- 04/19/2022
|
BP deal sends Nasdaq-listed EV charging stock Tritium surging
- BP is not alone in its attempt to carve out a position in the electric vehicle charging market.
- 04/19/2022
|
Tritium Stock Soars On Multi-Year Contract With BP
- Tritium Dcfc Ltd (NASDAQ: DCFC) entered into a multi-year contract with BP plc (NYSE: BP) for the supply of chargers and related services to support bp's global EV charging network. Financial terms were not disclosed.
- 04/18/2022
|
BP Chooses Tritium For Next Move Toward Global EV Charging Expansion
- Electric vehicle charger manufacturer Tritium is energy giant bp's choice to help it reach its global EV charging goals. The agreement announced Monday takes bp's efforts into new territory.
- 04/18/2022
|
Dividend Income Update March 2022
- The start of every month is exciting for all dividend income investors as we look back at the previous month and see how much passive dividend income our portfolios generated.
- 04/11/2022
|
Oil executives from Shell, BP and others gave their testimonies about the raised U.S. gas prices
- The Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce held a hearing ‘Gouged at the Gas Station: Big Oil and America's Pain at the Pump' on April 6, 2022. Oil executives from BP, ExxonMobil, Chevron, Shell, and more give their testimonies about the raised U.S. gas prices.
- 04/09/2022
|
Shell and BP can lead on decarbonisation and make big money, suggests broker
- Shell has received its first upgrade following yesterday's trading update. Barclays has upped its forecast for first-quarter net income by 8% to US$8.4bn, citing higher integrated gas production and trading and lower upstream costs and tax.
- 04/08/2022
|
Jim Cramer explains why he's a 'big bull' on oil stocks
- 'Mad Money' host Jim Cramer joins 'Squawk on the Street' to break down energy stocks after major oil executives were grilled by lawmakers on Capitol Hill on Wednesday over rising gas prices.
- 04/07/2022
|
Oil Stocks News: What Is Going on With XOM, CVX, BP, SHEL Stocks Today?
- Oil stocks are on watch today as executives headed to Washington to discuss the supply-demand imbalances weighing on crude prices. The post Oil Stocks News: What Is Going on With XOM, CVX, BP, SHEL Stocks Today?
- 04/06/2022
|
Big Oil to tell Congress markets, not companies, set fuel prices-testimony
- U.S. oil executives will tell Congress on Wednesday they are boosting energy output and no one company sets the price of gasoline, according to pre-released written testimony, as they defend charges by lawmakers of gouging with high fuel prices.
- 04/05/2022
|
A New Oil Boom Amid Energy's Changing Landscape
- We've seen the impact of Russia's invasion of Ukraine on oil prices. And if Big Oil exits Russia altogether, it would be a major shift.
- 04/01/2022
|
BP Looks Out For Buyers to Offload Its Stakes in Rosneft
- Although BP continues to look out for potential buyers to divest its stakes in Rosneft, the efforts have met with little success till now.
- 03/31/2022
|
BP Forms Partnership With Uber to Boost Delivery Services
- BP plans to bring the delivery platform to more than 3,000 locations globally in the next three years.
- 03/30/2022
|
BP Midstream Partners: A Pipeline To Success
- BP Midstream Partners: A Pipeline To Success
- 03/30/2022
|
Oil execs agree to testify before House lawmakers about rising gas prices, but key players left out
- Executives from some of the country's largest oil companies have agreed to testify before House lawmakers next week about record-high gas prices.
- 03/29/2022
|
7 Oil Stocks to Buy Heading Into April
- Oil markets are poised for additional upside with rising geopolitical tensions. MUR, TTE, and VER can make great investments heading into April.
- 03/29/2022
|
BP Vs. Shell Stock: Which Is The Better Buy?
- The environment for oil and gas companies is strong. The supermajors will all be highly profitable this year.
- 03/29/2022
|
BP: Rosneft Risk Is Priced In, The Stock Is A Buy
- BP's stock has more than priced in risks to the company's Russian assets.
- 03/29/2022
|
Uber Eats Extends Partnership with bp's Worldwide Retail Shops
- More than 3,000 bp retail locations will become available on the Uber Eats platform over the next three years to support the growing demand for the fast delivery of food, groceries and everyday essentials. The strategic partnership between bp and Uber is an extension of their existing agreements in Australia, New Zealand, Poland, South Africa […]
- 03/29/2022
|
Best Oil Stocks To Buy As Crude Prices Jump - Our Favorite Is CNQ
- Best Oil Stocks To Buy As Crude Prices Jump - Our Favorite Is CNQ
- 03/25/2022
|
BP establishes partnership focused on offshore wind in Japan
- Oil and gas giant says agreement is "subject to merger control approvals."
- 03/25/2022
|
The History of Oil Production in the U.S.
- Some decisions made over the last decade have hindered U.S. capacity.
- 03/24/2022
|
Morgan Stanley upgrades BP to overweight from equal weight
- The "Halftime Report" traders debate Morgan Stanley's bullish call on BP
- 03/23/2022
|
7 Stocks to Buy Giving Russia the Cold Shoulder
- A total of 165 companies are exiting Russia or suspending operations. Here are seven stocks to buy are leaving completely due to the war.
- 03/23/2022
|
Oil prices to keep rising, buy Shell and BP says Deutsche Bank
- Oil prices are set to keep rising according to analysts at Deutsche Bank with the war in Ukraine stoking further what was already a tight market. In a note the bank said: “The Russian invasion of Ukraine has added risk and volatility to global and gas markets that were already showing clear signs of increasing underlying tightness.
- 03/23/2022
|
Neste, BP to provide DHL Express 211M gallons sustainable aviation fuel
- DHL Express announced on Monday that it has entered into agreements with BP and Neste to make its air cargo operations more sustainable. BP and Neste have committed to provide DHL Express more than 211 million gallons of sustainable aviation fuel (SAF) in the next five years.
- 03/21/2022
|
Here's Why BP And Exxon Mobil Shares Are Rising
- Shares of several companies in the energy sector, including BP plc (NYSE: BP) and Exxon Mobil Corp (NYSE: XOM), are trading higher amid a rise in oil prices as EU nations consider joining the US in a Russian oil embargo and after an attack on Saudi oil facilities over the weekend. BP and.
- 03/21/2022
|
BP 'cash machine' pays out for its chief executive
- BP's boss Bernard Looney has benefitted handsomely from the surge in oil prices it was revealed today with his pay more than doubling last year to £4.46mln. Most of that was a £2.4mln annual boss another nothing the previous year after what Paula Rosput Reynolds, chair of BP's remuneration committee, described as an 'outstanding' financial performance.
- 03/18/2022
|
BP CEO Looney's 2021 pay package more than doubles to around $5.9 million
- BP CEO Bernard Looney's total renumeration in 2021 rose to 4.46 million pounds ($5.86 million) from 1.74 million, BP's annual report published on Friday showed.
- 03/18/2022
|
BP urges shareholders to oppose Follow This climate resolution at AGM
- BP's board on Friday recommended investors vote against a shareholder resolution filed by Dutch activist group Follow This urging the British energy company to accelerate its energy transition strategy.
- 03/18/2022
|
BP (BP) Gains But Lags Market: What You Should Know
- BP (BP) closed at $28.61 in the latest trading session, marking a +2% move from the prior day.
- 03/16/2022
|
Options traders see more upside in BP
- "Halftime Report" trader Pete Najarian spots unusual activity in the options market
- 03/16/2022
|
Options traders see more upside in BP
- "Halftime Report" trader Pete Najarian spots unusual activity in the options market
- 03/16/2022
|
Will Uncertain Times Last Longer For BP Stock?
- In accordance with sanctions imposed by Western countries, BP announced an end to its partnership with Rosneft, the large Russian energy company. Per recent filings, BP has a 19.75% stake in Rosneft with a carrying value of $14 billion.
- 03/16/2022
|
BP Stops Spot Diesel Sale in Germany Over Europe Supply Concern
- BP restrains from providing spot diesel cargoes to the German market in the last two weeks for concerns over supply shortages across Europe.
- 03/15/2022
|
4 Energy Stocks From the Promising Integrated Oil Industry
- With economies reopening and people socializing & going to work, the outlook for the Zacks Oil & Gas Integrated International industry is brightening up. ExxonMobil (XOM), Chevron (CVX), BP (BP) and Eni (E) are well positioned to make the most of the highly favorable business environment.
- 03/11/2022
|
3 Oil Stocks Turning Up the Heat… And One That's Sizzling
- As oil prices shot up, these oil companies saw their stock skyrocket. Here's what you need to do to take advantage of the growth now.
- 03/11/2022
|
Is BP Stock a Solid Choice Right Now?
- BP has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/11/2022
|
Shell and BP hold back from German diesel sales on shortage fears
- Oil majors BP and Shell have held back on offering spot diesel cargoes in the market for the past two weeks, two traders sources with direct knowledge of the matter said, fearing potential shortages in Germany.
- 03/10/2022
|
For BP's CEO, Russian exit eased by reservations about Rosneft stake
- Within hours of Moscow launching its invasion of Ukraine, BP's chief executive summoned his senior team to discuss the limited options for its Russian operations, including separating the British energy giant's stake in Russian oil firm Rosneft or exiting completely, according to three senior BP executives.
- 03/09/2022
|
Why Chevron, BP, Exxon, and Other Oil Stocks Climbed Today
- Higher prices could mean more profits for investors.
- 03/08/2022
|
BP And Shell Shares Step On The Gas: What's Fueling The Move?
- BP PLC (NYSE: BP) and Shell PLC (NYSE: SHEL), are trading higher Tuesday amid continued strength in oil prices in the wake of Russia's invasion of Ukraine. The United States and its European allies have been discussing banning Russian oil imports over the last week, which.
- 03/08/2022
|
BP (BP) Gains As Market Dips: What You Should Know
- BP (BP) closed the most recent trading day at $28.50, moving +1.75% from the previous trading session.
- 03/07/2022
|
Oil Skyrockets… and 4 Other Things To Expect This Week
- This article is excerpted from Tom Yeung's Moonshot Investor newsletter. To make sure you don't miss any of Tom's potential 100x picks, subscribe to his mailing list here.
- 03/07/2022
|
Investments Impacted By The Russian-Ukrainian Conflict
- The Russian/Ukrainian conflict rages - disrupting countless lives.
- 03/04/2022
|
Soaring oil prices to have the biggest impact on energy majors as they exit Russia, analyst says
- Sophie Lund-Yates, senior equity analyst at Hargreaves Lansdown, says the biggest fallout energy majors face from Russia's invasion of Ukraine is the spike in oil prices. She adds that their ongoing ESG plans are unlikely to be derailed by the current conflict.
- 03/02/2022
|
BP Exits Rosneft Stake Holdings Amid Russia-Ukraine Conflict
- BP is also planning an exit strategy from its other businesses in Russia, which involves three joint ventures, with a carrying value on its books of $1.4 billion.
- 03/02/2022
|
These 15 Stocks And 10 Funds Are Overexposed To Russia And Ukraine
- Large caps like Renault and Citigroup have suffered double-digit declines in part due to Russia's invasion of Ukraine. The conflict has had a more severe impact on some smaller stocks.
- 03/01/2022
|
Russia will ban Western companies from exiting investments as BP and others dash for the door
- Russia is stepping up its defense of its beleaguered financial system as major Western companies try to ditch their investments.
- 03/01/2022
|
BP divests its stake in Rosneft amidst Ukraine war
- BP plc sold its entire stake in Russia's Rosneft after Putin invaded Ukraine.
- 02/28/2022
|
BP and Shell Are Leaving Russia. The Risks of Selling Are High for Others, Too.
- Exxon, Chevron, and Schlumberger have exposure to Russia and could face pressure.
- 02/28/2022
|
SHEL, BP Stocks Dip as Oil Producers Dump Russian Stakes: 7 Things to Know
- Oil stocks are in the spotlight as giants like Shell and BP plan to divest their Russian stakes. Here's what to know about SHEL, BP stocks.
- 02/28/2022
|
Big Oil: Shell follows BP out of Russia as UK oil companies abandon Putin
- Shell is getting out of Russia and ditching its joint ventures with Gazprom, including its involvement with the moribund Nord Stream 2 natural gas pipeline.
- 02/28/2022
|
Ruble Plummets, Stocks Drop, and Fear Index Rises as Ceasefire Hopes Fade
- Stocks are wavering, to mostly down, in the U.S. as investors grapple with rising uncertainty in global stability and interest rates
- 02/28/2022
|
BP falls 8% after cutting ties with Russian oil giant Rosneft, adding to mounting financial woes following the Ukraine invasion
- "It has led the BP board to conclude, after a thorough process, that our involvement with Rosneft, a state-owned enterprise, simply cannot continue."
- 02/28/2022
|
Ukraine News: BP, Norway Pull Out of Russia; Chipmakers Cut Supplies; and More
- One of the world's supermajor oil companies, BP PLC (NYSE: BP) has announced that it will take a material noncash charge in the first quarter of this year as the company exits its nearly 20% stake in Russian oil producer Rosneft.
- 02/28/2022
|
BP cancels fuel oil loadings from Russian Black Sea port- sources
- Oil major BP has cancelled all of its fuel oil loadings from the Russian Black Sea port of Taman due to Russia's invasion of Ukraine, sources familiar with the matter said.
- 02/28/2022
|
BP Stock Drops on Plan to Offload 20% Stake in Russia's Rosneft
- Divesting the 19.75% stake, valued at $14 billion, could result in charges of up to $25 billion for BP.
- 02/28/2022
|
Goldman Sachs Says Stay With Energy as $125 a Barrel Oil Is Possible: 5 Big Dividend Winners
- For well over a year we have covered the energy analyst research team at Goldman Sachs as they continued to make the case for higher oil prices.
- 02/28/2022
|
BP slides as Russia exit plan may result in $25 billion bill
- (Reuters) -Shares in BP fell nearly 7% on Monday after the British energy major revealed plans to sell its nearly 20% stake in Russian oil giant Rosneft over the weekend following Moscow's invasion of Ukraine.
- 02/28/2022
|
BP to Exit Nearly 20% Stake in Rosneft
- It's not just governments taking action. Companies are also getting involved in the Ukraine conflict.
- 02/28/2022
|
BP exit opens new front in West's campaign against Russia
- Energy major BP opened a new front in the West's campaign to isolate Russia's economy, with its decision to quit the oil-rich country the most aggressive move yet by a company in response to Moscow's invasion of Ukraine.
- 02/27/2022
|
BP exits partnership with Russian energy company Rosneft
- BP said cooperation with Rosneft not in "long-term interests" shareholders.
- 02/27/2022
|
BP dumps 20% stake in Russian oil giant, says its partnership with Rosneft 'simply cannot continue' following attacks on Ukraine
- The CEO of BP said Russia's attack on Ukraine caused his company to "fundamentally rethink" its business ties with Russia's state-backed oil giant.
- 02/27/2022
|
Oil: BP will dump its 20% stake in Russian oil giant Rosneft
- BP is cutting ties with Rosneft in response to Russia's invasion of Ukraine.
- 02/27/2022
|
BP Drops Nearly 20% Stake In Russian-Owned Oil Firm After Invasion Of Ukraine
- BP referred to Russia's invasion as “an act of aggression.”
- 02/27/2022
|
BP offloads stake in Russia's Rosneft
- The British oil giant held 20% of interest in the company.
- 02/27/2022
|
Britain's BP says to exit stake in Russian oil giant Rosneft
- BP said on Sunday it had decided to exit its 19.75 % stake in Russian oil giant Rosneft after Russia's invasion of Ukraine.
- 02/27/2022
|
BP Stock Earns Upgrade on Free Cash Flow Potential
- Oil and gas name BP plc (NYSE:BP ) is attracting some analyst attention this morning.
- 02/25/2022
|
BP: What About Rosneft?
- BP: What About Rosneft?
- 02/25/2022
|
BoE's Mann says inflation expectations drove vote for 50 bp hike
- Bank of England policymaker Catherine Mann said she voted for a 50 basis point rise in interest rates this month because she saw little sign of an easing in the public's price expectations, which risk causing inflation to stay too high for too long.
- 02/25/2022
|
XOM, CVX, SLB, MRO, BP: Why Are Oil Stocks Down Today?
- Investors are rightly asking why oil stocks are down today following this morning's initial surge with energy prices amid global unrest. The post XOM, CVX, SLB, MRO, BP: Why Are Oil Stocks Down Today?
- 02/24/2022
|
US brands: How Exxon, BP and Shell help Russia pump oil and gas
- The West is promising "massive" sanctions on Moscow in response to Russia's invasion of Ukraine.
- 02/24/2022
|
BP and Shell shares fall as oil surpasses $100 on Russian invasion
- Oil prices surpassed US$100 reached their highest level since 2014 today as Russia invaded Ukraine. A barrel of brent crude rose 6.6% to US$103 as Russia piled troops into Ukraine, as the likelihood of war intensified.
- 02/24/2022
|
The Fed Has One Major Source of Concern
- What can happen to Prices, Wages, and Profits from here?
- 02/23/2022
|
7 High-Yield Blue-Chip Stocks Suitable for Any Retiree
- Income investments are great for volatile times, as investors dump technology stocks and seek steady dividends and capital gains. The post 7 High-Yield Blue-Chip Stocks Suitable for Any Retiree appeared first on InvestorPlace.
- 02/23/2022
|
HTD: One To Watch When Volatility Strikes, 6.87% Distribution Yield
- HTD: One To Watch When Volatility Strikes, 6.87% Distribution Yield
- 02/22/2022
|
Why Shares of BP Prudhoe Bay Royalty Trust Climbed 11.2% on Tuesday
- Concerns about the Russia-Ukraine conflict drove most stocks down on Tuesday, but BP Prudhoe Bay Royalty Trust saw its shares rise.
- 02/22/2022
|
BP ends sponsorship of National Portrait Gallery after activist pressure
- BP PLC (LSE:BP.) will end its more than 30-year sponsorship of the National Portrait Gallery following pressure from climate activists.
- 02/22/2022
|
What happens to BP's Rosneft interests if Russia shares are sanctioned?
- As ‘the West' threatens to cut off Russia's economic arteries amid rising geopolitical tension it is not clear what the impact will be upon BP PLC (LSE:BP.), which has material exposure due to its shareholding in Russia's third-largest petroleum company.
- 02/21/2022
|
BP: Strong Cash Flow Recovery, Undervalued
- Market recovery in petroleum products is driving strong earnings and cash flow at BP.
- 02/21/2022
|
Oil majors including Shell and BP accused of greenwashing over clean energy transition
- Shell PLC (LSE:SHEL, NYSE:SHEL, EURONEXT:SHELL), BP PLC (LSE:BP.) and other oil majors are “greenwashing” and not making the transition to clean energy they suggest, according to a new academic study.
- 02/17/2022
|
BP CEO: No impact on our ongoing operations in Russia
- BP CEO Bernard Looney said the company was continuing with the "business of business" in Russia, even as the Kremlin amasses over 130,000 troops along the Ukraine border.
- 02/15/2022
|
BP CEO says oil and gas giant is a 'greening company', refutes greenwashing accusations
- Bernard Looney's remarks were made during a panel discussion in Cairo, Egypt where he spoke about issues relating to the energy transition.
- 02/15/2022
|
Could This Be the Next Big Oil Trend?
- A different scenario may actually play out.
- 02/12/2022
|
Dow Jones Newswires: Shell, BP amassed cash in 2021 as energy shortage unfolded
- High oil and gas prices boosted forecast-beating 2021 profits for Shell and BP, and are expected to continue doing so this year, allowing both U.K. energy giants to strengthen their balance sheets for energy-transition investments.
- 02/11/2022
|
Aker BP ASA (DETNF) CEO Karl Hersvik on Q4 2021 Results - Earnings Call Transcript
- Aker BP ASA (DETNF) CEO Karl Hersvik on Q4 2021 Results - Earnings Call Transcript
- 02/11/2022
|
7 Oil Stocks to Buy as Multiple Catalysts Converge
- With a return to normal boosting demand and the specter of armed conflict threatening supply chains, oil stocks are hot again. The post 7 Oil Stocks to Buy as Multiple Catalysts Converge appeared first on InvestorPlace.
- 02/10/2022
|
BP: Immense Shareholder Returns Coming During 2022, 10%+ Yield
- BP: Immense Shareholder Returns Coming During 2022, 10%+ Yield
- 02/10/2022
|
BP: Performing While Transforming
- BP has provided details of its strategy through 2030. Most importantly, EBITDA from hydrocarbon production is substantially maintained. Low carbon growth is more tied to adjacent products and services like convenience sales and EV charging points, as well as green hydrogen.
- 02/09/2022
|
BP: Look At The 5.1% Yielding Preferred Shares If You Just Want The Yield
- BP is re-establishing itself as a major oil company but is still dealing with the fallout from the Deepwater Horizon accident. The Q4 free cash flow was exceptionally strong, at just over $1.2/ADS.
- 02/09/2022
|
BP p.l.c. (BP) CEO Bernard Looney on Q4 2021 Results - Earnings Call Transcript
- BP p.l.c. (BP) CEO Bernard Looney on Q4 2021 Results - Earnings Call Transcript
- 02/08/2022
|
Pete's latest options moves
- (OPTIMIZED VIDEO SPECIFIC DESCRIPTION) » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
- 02/08/2022
|
BP Q4 Earnings & Revenues Beat Estimates on Higher Oil Prices
- Higher commodity price realizations and a stronger refining business aid BP's Q4 earnings.
- 02/08/2022
|
BP CEO on Q4 results: ‘over 40% of capital will go into energy transition'
- BP plc (NYSE: BP) was up in premarket trading on Tuesday after the oil giant reported solid results for its fiscal fourth quarter and launched a $1.5 billion share repurchase programme. It's been another good quarter.
- 02/08/2022
|
BP CEO Bernard Looney reacts to Q4 earnings, rising oil prices
- BP CEO Bernard Looney joins CNBC's 'Squawk Box' to react to the energy giant's latest quarterly earnings report, which beat Wall Street's expectations.
- 02/08/2022
|
BP says its EV charging stations about as profitable as conventional gas stations
- BP is not quite beyond petroleum, as its previous marketing slogan went.
- 02/08/2022
|
Bumper profits at BP and Shell revive calls for windfall tax to tackle fuel poverty
- News that Britain's biggest oil companies made $32 billion in profit last year is stoking calls for the UK government to impose a temporary tax on their earnings to help households pay soaring energy bills.
- 02/08/2022
|
BP Tops Q4 Earnings Estimates on Higher Commodity Prices
- Higher commodity price realizations and upstream production volumes aid BP's Q4 earnings.
- 02/08/2022
|
BP promises to over invest in Britain as shouts for windfall tax continue
- Fuel producers making massive profits during Britain's fuel price crisis is plainly not a great look, so it is unsurprising that there's been a chorus of calls for higher taxes on the likes of BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL, EURONEXT:SHELL) – even though most of their profits are made ‘abroad'.
- 02/08/2022
|
BP Posts Bumper Profit and New Round of Buybacks
- Oil and gas giant increases buybacks by $1.5 billion after posting $12.8 billion profit in 2021.
- 02/08/2022
|
Over 40% of BP's capital will go into energy transition by mid-decade, CEO says
- BP CEO Bernard Looney tells "Squawk Box Europe" that he is pleased with the company's fourth-quarter results and is looking ahead to new transition growth businesses.
- 02/08/2022
|
BP reveals bumper financials as oil prices soar
- BP PLC (LSE:BP.) has announced bumper financials for the fourth quarter, amidst soaring oil prices, and looks set to ‘sustain earnings from resilient hydrocarbons out to 2030'.
- 02/08/2022
|
BP records highest profit in eight years in 2021
- BP reported on Tuesday a profit of $12.8 billion in 2021, the highest in eight years, as natural gas and oil prices soared and the global economy recovered from the pandemic slump.
- 02/08/2022
|
Oil giant BP swings to huge profit as soaring commodity prices drive up earnings
- The British energy major posted full-year underlying replacement cost profit, used as a proxy for net profit, of $12.8 billion.
- 02/08/2022
|
Plenty to Tues from: BP cash bonanza, Ocado robot wars, SSE activist threat, and TUI's dilution risk
- BP, Bellway, Micro Focus Ocado Group, TUI and SSE combine to pack the City diary on Tuesday after a quiet start to the week, with Pfizer and Peloton to come in the US too. After Shell's buyback-tacular results last week, investors have a pretty good idea of what to expect with BP PLC – lots of profits and cash – but it's what you do with it that counts, right?
- 02/07/2022
|
BP tipped to reveal bumper cash flows thanks to high oil prices
- If investors want to know what to expect from BP PLC (LSE:BP.) (BP PLC (LSE:BP.
- 02/07/2022
|
BP share price forecast ahead of quarterly earnings
- The BP (LON: BP) share price declined on Monday as investors waited for the upcoming quarterly results. The stock declined by 1.70%, becoming the third-worst stock in the FTSE 100 index after Evraz and WPP.
- 02/07/2022
|
BP, Ocado, GSK, Astra and Unilever make for a packed London schedule
- London's financial calendar is a packed one next week, with BP, Ocado, GlaxoSmithKline, AstraZeneca, Unilever, British American Tobacco and Barratt among the names reporting. Although the trillion-dollar boys have had their say, don't think the US earnings season has finished either, with with a further 83 companies in the S&P 500 reporting.
- 02/04/2022
|
Factors You Must Pay Attention to Ahead of BP's Q4 Earnings
- The rise in oil and natural gas prices is likely to have aided BP's Q4 earnings.
- 02/04/2022
|
Back to Value Investing Basics: The P/E Ratio
- You can find great value stocks by screening for the basics like P/E ratio and Zacks Rank.
- 02/04/2022
|
BP Scores Deal to Divest Mozambique Assets to TotalEnergies
- The to-be-acquired assets involve BP's network of 26 service stations and a significant customer base. Beside this, the acquisition involves its 50% stake in Samcol.
- 02/02/2022
|
BP: Switch From Growth To Value, 30% Return Opportunity
- BP is an oil & gas major that falls in the value large cap equity bucket.
- 01/28/2022
|
10 Best Stocks to Buy for Your Income-Generating Portfolio
- Rising interest rates have investors wondering what stocks to buy. If you're income-focused, these 10 provide good income generation.
- 01/28/2022
|
Nomura forecasts 50 bp Fed hike in March
- Analysts at Nomura, Japan's biggest brokerage and investment bank, said they expect the U.S. Federal Reserve to hike its benchmark rate by 50 basis points (bps) in March.
- 01/27/2022
|
BP (BP) Gains As Market Dips: What You Should Know
- BP (BP) closed at $31.50 in the latest trading session, marking a +0.32% move from the prior day.
- 01/26/2022
|
Stocks Stage Comeback Ahead of Fed Decision: What To Do Now
- Stocks Stage Comeback Ahead of Fed Decision: What To Do Now
- 01/26/2022
|
5 Energy Stocks To Watch This Week
- Can these energy stocks continue to push up this month?
- 01/23/2022
|
Union faults BP's proposals in local refinery negotiations
- The United Steelworkers union (USW) on Friday said proposals by energy giant BP Plc would undermine its 56-year-old national program for refinery and chemical plant worker contracts.
- 01/21/2022
|
New Strong Buy Stocks for January 19th
- AU, BP, EQNR, LEN, and LUMN have been added to the Zacks Rank #1 (Strong Buy) List on January 19, 2022.
- 01/19/2022
|
Oil Stocks Alert: What Is Going on With XOM, CVX, BP, SU Stocks Today?
- The global oil supply chain is tightening, and oil stocks are shooting up as a result. Here's what you need to know about recent events.
- 01/18/2022
|
Equinor (EQNR), BP Finalize Offshore Wind Projects in New York
- The projects set Equinor (EQNR) and BP on the path to offer more than 3.3 GW of offshore wind power to New York.
- 01/18/2022
|
The Fundamentals Are Strong For Energy Stocks: Buy!
- Energy stocks dictate the tune of the game globally. Literally and figuratively, they power the world.
- 01/18/2022
|
BP and Shell snap up licences in Scottish offshore wind auction
- BP and Shell picked up two of the largest licences awarded by the Crown Estate in its auction of offshore UK wind farm sites. The two oil and gas giants, which are both undertaking rapid green energy expansion programmes, bid around £86mln each for the sites they were awarded.
- 01/17/2022
|
BP (BP) Gains As Market Dips: What You Should Know
- In the latest trading session, BP (BP) closed at $31.22, marking a +0.1% move from the previous day.
- 01/13/2022
|
Oil Soon Could Gush Higher to $100: 4 High-Dividend Energy Stocks to Buy Now
- After a dreadful November sell-off, West Texas Intermediate crude oil has roared back past $80 a barrel and looks to be headed higher fast as OPEC has given every indication that it will be holding current production levels to protect the $75 level and higher price points.
- 01/13/2022
|
Brits face a massive increase in energy bills. BP and Shell could be on the hook to pay
- The UK government is coming under mounting pressure to increase taxes on oil and gas companies, including BP and Shell. The aim: to help British households cope with skyrocketing energy bills.
- 01/10/2022
|
BP plc (BP) Appreciates 6.5% YTD: More Room for Upside Left?
- The improving oil price scenario and increasing daily oil equivalent production volumes are aiding BP's bottom line.
- 01/06/2022
|
Oil Could Explode Over $100 in 2022: 4 Mega-Cap Dividend Stocks to Buy Now
- After a dreadful November sell-off, West Texas Intermediate crude oil has roared back past the $75 a barrel level and looks to be headed to $80, as OPEC has given every indication that they will be holding current production levels to protect that $75 and higher price point.
- 12/31/2021
|
BP: Adjusting For A World With Climate Change
- BP is planning to spend 40% of its annual capital expenditures on low carbon energy, more than most majors.
- 12/26/2021
|
BP (BP) Outpaces Stock Market Gains: What You Should Know
- BP (BP) closed at $26.77 in the latest trading session, marking a +1.29% move from the prior day.
- 12/22/2021
|
BP Signs Agreement With Lundin Energy to Form an E&P Firm
- BP shareholders will own a 15.9% interest in the combined company, once the deal closes.
- 12/22/2021
|
4 Stocks With High Earnings Returns
- Looking for stocks whose earnings returns are more than double the monthly spot rate of 20-year high-quality market corporate bonds could provide more opportunities to discover high-return investments. The investment-grade bonds represent corporate loans issued by triple-A, double-A and single-A rated companies.
- 12/22/2021
|
Investment Opportunity Breakdown: Electric Vehicle Charging Stocks
- Strong secular drivers, coupled with accelerating manufacture of consumer EVs, should allow EV charging stocks to sustain double digit-percentage growth over the next decade. The post Investment Opportunity Breakdown: Electric Vehicle Charging Stocks appeared first on InvestorPlace.
- 12/21/2021
|
BP Stock Remains A Long-Term Bet
- Historically, BP's earnings have been primarily dependent on the oil & gas business resulting in fluctuating asset returns, fairly in line with benchmark oil prices. The Brent benchmark increased from $54 in 2017 to $71 in 2018, remained slightly lower at $63 in 2019, and subsequently declined to.
- 12/21/2021
|
Why Shares of BP Midstream Partners Rallied Nearly 14% at the Open Today
- BP Midstream's parent came calling, and a deal has finally been hammered out. Here's a quick look.
- 12/20/2021
|
Big Liquid Hydrogen Project In Teesside, UK – BP Are Still Pushing The Envelope.
- bp has a proactive goal of 50 Gw of net renewable electricity by 2030. That's a stretch from 3 Gw in 2020, but knowing bp's vision and resilience, you wouldn't want to bet against it.
- 12/17/2021
|
EQT: Reinstated Dividend, $1 Billion Buyback, Proving An ESG Story
- EQT: Reinstated Dividend, $1 Billion Buyback, Proving An ESG Story
- 12/15/2021
|
BP (BP) Gains But Lags Market: What You Should Know
- BP (BP) closed the most recent trading day at $26.62, moving +0.26% from the previous trading session.
- 12/15/2021
|
BP Picks Technip Energies, GE Gas Power To Conduct FEED Study For UK Project
- BP plc (NYSE: BP), on behalf of its partners, has selected Technip Energies NV (OTC: THNPY), leader of a consortium with General Electric Co's (NYSE: GE) GE Gas Power, to perform a Front-End Engineering Design (FEED) study for the Net Zero Teesside (NZT) Power project and the Northern Endurance Partnership's (NEP) carbon compression infrastructure in Teesside, U.K. The NZT project comprises industrial, power, and hydrogen businesses that aim to decarbonize their operations and become U.K.'s first decarbonized cluster.
- 12/15/2021
|
BP: Dividends In 2022, A Coiled Spring Ready To Rebound Higher
- After halving their dividends during 2020 and restarting growth earlier in 2021, BP heads towards 2022 with their dividends appearing like a coiled spring ready to rebound higher. Their cash flow performance has continued strengthening thanks to strong oil prices, which appear more likely to increase rather than decrease in 2022.
- 12/14/2021
|
Energy Companies: Undervalued Without a Catalyst
- I think the hydrocarbon sector looks incredibly attractive from a value perspective. A quick glance across the sector throws up a lot of companies trading at double-digit free cash flow ratios and other similarly attractive metrics.
- 12/14/2021
|
BP Forays Into EV Charging Market by Acquiring Amply Power (Revised)
- BP is planning to accelerate electrification in the fleet segment, which is crucial to reducing emissions from the transport sector.
- 12/09/2021
|
BP Forays Into EV Charging Market by Acquiring AMPLY Power
- BP is planning to accelerate electrification in the fleet segment, which is crucial to reducing emissions from the transport sector.
- 12/08/2021
|
BP (BP) Stock Sinks As Market Gains: What You Should Know
- BP (BP) closed the most recent trading day at $27.50, moving -0.15% from the previous trading session.
- 12/08/2021
|
5 Oil Refining Stocks on Watch Amid Biden's Petroleum Reserve Release
- President Biden and his team are looking to tackle the issue of high energy prices by increasing supply, a boon for oil refining stocks. The post 5 Oil Refining Stocks on Watch Amid Biden's Petroleum Reserve Release appeared first on InvestorPlace.
- 12/08/2021
|
BP Forays Into EV Charging Market by Acquiring Ample Power
- BP is planning to accelerate electrification in the fleet segment, which is crucial to reducing emissions from the transport sector.
- 12/08/2021
|
Renewables will expand but they won't be enough to drive the economy, says former BP CEO
- CNBC's Brian Sullivan and Bob Dudley, former CEO of BP, join 'The Exchange' to discuss the future of energy.
- 12/06/2021
|
The oil industry is well set up, says Cowen analyst
- Jason Gabelman, Cowen analyst, joins "Squawk on the Street" to discuss the oil industry amid falling prices.
- 12/06/2021
|
U.S. oil CEOs stress need for fossil fuels despite push for cleaner energy
- HOUSTON (Reuters) -A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from the largest U.S. companies affirming the need for more oil for decades to come.
- 12/06/2021
|
BP Is The Best Positioned Supermajor
- I expect higher for longer oil prices compared to the market expectations. BP is my preferred supermajor play.
- 12/03/2021
|
Is BP (BP) Outperforming Other Oils-Energy Stocks This Year?
- Here is how BP (BP) and PetroChina (PTR) have performed compared to their sector so far this year.
- 12/03/2021
|
BP to Develop Green Hydrogen Production Facility in England
- The Hygreen Teesside project is the latest addition to BP's U.K. business portfolio, expected to deliver up to 500 MWe of hydrogen production by 2030.
- 12/01/2021
|
Windward to join AIM with former BP boss at the helm
- Former BP boss Lord Browne is heading back to the stock market as chair of a tech firm that enables shipping to pass without breaching sanctions or local or international regulations. Windward Ltd has already raised £34.5mln at 155p per share from investors such as Gresham House and Premier Miton and will join AIM with a value of around £127mln.
- 12/01/2021
|
Windward to to join AIM with former BP boss at the helm
- Former BP boss Lord Browne is heading back to the stock market as chair of a tech firm that enables shipping to pass without breaching sanctions or local or international regulations. Windward Ltd has already raised £34.5mln at 155p per share so far from investors such as Gresham House and Premier Miton and will join AIM with a value of around £127mln.
- 12/01/2021
|
Best Income Stocks to Buy for November 29th
- BP, CC, E, and HAFC made it to the Zacks Rank #1 (Strong Buy) income stocks list on November 29, 2021.
- 11/29/2021
|
BP to build green-hydrogen hub in the North-East
- BP PLC (LSE:BP.) has confirmed it is planning to build a green-hydrogen production facility in the Northeast of England.
- 11/29/2021
|
Bet On These 3 Oil Stocks With Lucrative Dividend Yield
- It is high time to allocate money those high dividend yield paying oil stocks investing in renewables while maintaining a strong upstream presence. BP, E and TTE are well poised to gain.
- 11/26/2021
|
BP or XOM: Which Is the Better Value Stock Right Now?
- BP vs. XOM: Which Stock Is the Better Value Option?
- 11/23/2021
|
Gulf of Mexico Lease Sale Draws a Combined $192M From Bidders
- Energy companies, including Shell (RDS.A), BP, Chevron (CVX), Exxon (XOM) and Occidental (OXY), sign up for the lease sale to buy drilling rights on federal oil and gas reserves in the Gulf of Mexico.
- 11/19/2021
|
BP Looks an Attractive Investment Bet Right Now: Here's Why
- Attractive oil price is aiding BP's upstream operations.
- 11/19/2021
|
Back Up the Truck for Big Dividend Energy Stocks as Oil Drops Below $80 a Barrel
- On Friday, January 1, 2021, West Texas Intermediate crude was trading at $48.52 a barrel and Brent crude was trading at $51.82.
- 11/16/2021
|
Absent From COP26, Oil Companies Zero In On Hydrogen, CCS
- A flurry of announcements, some barely preceding COP26 and some during the summit illustrate where some of the world's largest energy companies are currently headed. Just before COP26 began, BP and Daimler Truck announced plans to speed introduction of a hydrogen network in the UK.
- 11/15/2021
|
Investing In The Energy Transition: Preserving Resources And Capital
- While the energy transition will be with us for many decades ahead, the nimbleness required for an investor in this space is mission one. The case of Pioneer Natural Resources and its evolving approach to the energy transition shows the market one path forward.
- 11/15/2021
|
Need a 'credible transition plan' focused on demand as much as supply: BP CEO
- BP CEO Bernard Looney says that the conversation around energy transition "also needs to be a story of demand," otherwise it could result in people turning against the transition.
- 11/15/2021
|
Oil and gas will be in the global energy system 'for decades,' BP chief says
- "It may not be popular ... but that is the reality," Bernard Looney told CNBC on Monday.
- 11/15/2021
|
Top energy lobby endorses carbon pricing model
- CNBC's Kayla Tausche reports that a top energy lobby group API is backing carbon tax and emissions cap.
- 11/13/2021
|
HIE: Discounted Term Fund With High Activist Ownership
- HIE: Discounted Term Fund With High Activist Ownership
- 11/11/2021
|
BP's Business Model Undergoing Transformation As Crude Oil Prices Set To Surge
- BP has made drastic changes with regard to its mainstay - hydrocarbons - in 2020, resulting in a significant write-off.
- 11/11/2021
|
BP and Aker sell stake in oil venture Aker BP at 10% discount
- Oil major BP and Norway's Aker said on Thursday they have jointly sold a 5% stake in Norwegian oil firm Aker BP, cutting their combined holding in the company to 65%.
- 11/11/2021
|
BP won't quit controversial US oil lobby. Its CEO explains why
- French oil giant Total made waves early this year when it broke with the American Petroleum Institute, the largest and most powerful oil lobby in the United States, because of its stance on climate issues.
- 11/08/2021
|
Why BP Stock Is A Good Alternative For Oil Investors
- In the recent earnings release, BP announced a $1.25 billion share repurchase program given the sizable improvement in cash flows from rising oil prices. The company remains committed toward expanding its renewable energy portfolio and divesting oil & gas assets as opposed to other oil majors.
- 11/05/2021
|
Kahn Brothers' Top 4 Buys in the 3rd Quarter
- Kahn Brothers (Trades, Portfolio), the firm founded by the late Irving Kahn and his brothers Thomas Graham Kahn and Alan Kahn, disclosed this week that its top four buys during the third quarter were Pfizer Inc. ( PFE , Financial), VOXX International Corp. ( VOXX , Financial), BP PLC ( BP , Financial) and GlaxoSmithKline PLC ( GSK , Financial).
- 11/04/2021
|
BP p.l.c. (BP) CEO Bernard Looney on Q3 2021 Results - Earnings Call Transcript
- BP p.l.c. (BP) CEO Bernard Looney on Q3 2021 Results - Earnings Call Transcript
- 11/02/2021
|
BP profits come from fossil fuels – can they be replaced by renewables?
- BP PLC (LSE:BP.) is angering environmental groups with its attendance at COP26 in Glasgow while at the same time posting huge levels of cash flow in the latest quarterly update.
- 11/02/2021
|
BP Tops Q3 Earnings Estimates, Announces New $1.25B Buyback
- Higher realizations of commodity prices and stronger refining business aid BP's Q3 earnings.
- 11/02/2021
|
BP CEO on Q3 report: ‘the underlying results are very strong'
- BP plc (LON: BP) said its underlying replacement cost profit topped estimates in the fiscal third quarter, but upstream production will remain weighed this year. The London-listed shares of the oil giant are down about 3.0% on Tuesday.
- 11/02/2021
|
BP share price forecast: on track to hit 400p soon
- The BP (LON: BP) share price slipped by more than 2.5% on Tuesday even after the company published strong quarterly results. The stock declined to 345p, which was about 5% below its year-to-date high.
- 11/02/2021
|
BP CEO Bernard Looney reacts to Q3 earnings, $2.5 billion headline loss
- BP CEO Bernard Looney joins 'Squawk Box' to react to the company's latest quarterly earnings.
- 11/02/2021
|
BP shows how to make a convenient loss
- BP PLC (LSE:BP.) has contrived to post a third-quarter post-tax loss of US$2,544mln.
- 11/02/2021
|
BP Q3 profit beats expectations, raises stock buyback by $1.25 billion
- CNBC's 'Squawk Box' breaks down BP's latest third-quarter earnings.
- 11/02/2021
|
BP Tops Q3 Earnings Estimates on Higher Commodity Prices
- Higher liquid price aids BP's Q3 earnings.
- 11/02/2021
|
BP says it is working hard to ensure energy supplies as the oil giant beats on earnings
- BP CEO Bernard Looney discusses third-quarter earnings, global energy supplies, and the oil and gas major's energy transition strategy.
- 11/02/2021
|
Companies like BP can be part of the energy solution: BP CEO
- Energy companies are notably missing from COP26, but BP CEO Bernard Looney says that they can actually be a valuable part of the solution to the climate crisis.
- 11/02/2021
|
BP boasts strong underlying results as hedging obscures profit
- BP PLC (LSE:BP.) boasted strong underlying results and cash flows whilst it talks energy transition.
- 11/02/2021
|
BP's third quarter profit beats forecasts, lifted by energy prices
- BP reported on Tuesday a sharp rise in third quarter profit, lifted by stronger oil and natural gas prices that have soared this year as economies recover from the pandemic.
- 11/02/2021
|
BP posts $3.3 billion third-quarter profit, beating estimates as oil prices surge
- Oil and gas giant BP beat third-quarter earnings expectations on Tuesday, fueled by surging energy prices.
- 11/02/2021
|
BP profit of $3.32 billion beats forecasts, plans further $1.25 billion buyback
- By Sabela Ojea
- 11/02/2021
|
Is Now the Time to Buy Oil Services Stocks?
- Here's a look at the investment case for buying oil services stocks.
- 11/01/2021
|
4 Oil & Gas Earnings to Watch on Nov 2: MPC, DVN, COP & OVV
- Given the encouraging commodity price backdrop, four energy players - Marathon Petroleum (MPC), Devon Energy (DVN), ConocoPhillips (COP) and Ovintiv (OVV) - are set to report their third-quarter results on Nov 2.
- 11/01/2021
|
Aker BP ASA (DETNF) CEO Karl Johnny Hersvik on Q3 2021 Results - Earnings Call Transcript
- Aker BP ASA (DETNF) CEO Karl Johnny Hersvik on Q3 2021 Results - Earnings Call Transcript
- 10/31/2021
|
Earnings Previews: BP, Pfizer, Under Armour
- More than 300 companies reported earnings after markets closed Thursday and before they opened again on Friday.
- 10/29/2021
|
Has BP p.l.c. (BP) Outpaced Other Oils-Energy Stocks This Year?
- Is (BP) Outperforming Other Oils-Energy Stocks This Year?
- 10/28/2021
|
Very few Big Oil climate targets 'have meaning': Former BP CEO Lord John Browne
- Former BP CEO John Browne says companies are laying out net zero carbon targets, but few have any meaningful plans to get there and it will cost trillions.
- 10/28/2021
|
5 Momentum Stocks to Buy as Energy Prices Soar
- Investors often seek momentum stocks to capitalize on a bullish trend. These five energy picks could very well fit the bill.
- 10/28/2021
|
Exclusive-Gas crisis helps to land BP $500 million windfall
- BP's trading team made at least $500 million in the third quarter of 2021, two sources with knowledge of the company's trading results said, as the energy major benefitted from a gas crisis that has left consumers and industries smarting.
- 10/26/2021
|
BP Prudhoe Bay: It May Be Time For A Short-Term Long Trade
- If WTI remains above $80 this quarter, the January distribution is likely to be over $.70, an "annualized yield" around 70% at its current price of about $4.00. BPT trades on perceived yield. However, BPT's structure will cause the payments to be much less next year and may cease in 2023 if WTI continues to average near $80.
- 10/25/2021
|
Monday Afternoon Analyst Upgrades and Downgrades: BP, Micron Technology, Regions Financial, Tesla and More
- The broad markets edged higher on Monday afternoon, with a strong push from the tech sector.
- 10/25/2021
|
Oil Is Heading to $85: 4 Big-Dividend Mega-Cap Integrated Stocks to Buy Now
- After a dreadful late summer sell-off, West Texas Intermediate crude oil has roared past $80 a barrel and looks to be headed to $85, as OPEC has given every indication that it will be holding current production levels to protect that $75 and higher price point.
- 10/25/2021
|
BP (BP) Gains As Market Dips: What You Should Know
- In the latest trading session, BP (BP) closed at $29.51, marking a +0.24% move from the previous day.
- 10/22/2021
|
Big Oil to attend U.S. House climate disinformation hearing
- Top executives from Exxon Mobil Corp, BP America, Chevron Corp and Shell Oil will testify on Oct. 28 at a congressional hearing examining whether the fossil fuel industry led an effort to mislead the public and prevent action to curb climate change warming, a House panel said on Friday.
- 10/22/2021
|
7 Safe Stocks to Own to Hedge Against Inflation
- Worried about inflation that's turned out not to be so "transitory?" These seven safe stocks may be the place to be right now.
- 10/21/2021
|
3 High-Yield Energy Stocks to Buy Now
- Overall, all three of these energy stocks are offering high yields as well as growth potential from exposure to rising commodity prices. The post 3 High-Yield Energy Stocks to Buy Now appeared first on InvestorPlace.
- 10/21/2021
|
BP - Upping Our Targets, Substantial Return Opportunity
- Up more than 22% since our "Buy" target at the beginning of September, BP has been influenced by a number of notable events that have occurred since.
- 10/21/2021
|
5 Top Goldman Sachs European Stock Picks Come With Big Dividends
- Recently, the risk-off crowd has pushed the market higher following some stellar third-quarter earnings.
- 10/21/2021
|
Top Ranked Income Stocks to Buy for October 20th
- BP, CPLP, and HPQ made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 20, 2021.
- 10/20/2021
|
BP Affiliate Debuts in Polish Solar Market With 757MW Deal
- BP expects half of the nine projects to be construction-ready next year.
- 10/20/2021
|
BP (BP) Outpaces Stock Market Gains: What You Should Know
- BP (BP) closed the most recent trading day at $29.93, moving +1.63% from the previous trading session.
- 10/15/2021
|
These 3 Integrated Majors Are Leading the Energy Transition Race
- There are abundant opportunities for energy companies with a footprint in oil and gas resources and the renewable energy space. Three such companies are BP, Royal Dutch Shell plc (RDS.A) and Eni SpA (E).
- 10/15/2021
|
With Oil Prices Soaring, These 2 Stocks Are Poised To Win
- Exxon Mobil and BP are going through a material post-pandemic earnings recovery. Both firms have reduced the size of their liabilities.
- 10/14/2021
|
BP-Operated Shah Deniz Gas Field Witnesses Stake Reshuffle
- BP will continue operating with a 28.8% ownership stake in the project, while Lukoil's interest will increase from 10% to 25.5%.
- 10/13/2021
|
Top Ranked Momentum Stocks to Buy for October 13th
- ALKS, BP, and E made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 13, 2021.
- 10/13/2021
|
BP CEO: British government is doing what it can on the gas crisis
- BP CEO Bernard Looney talks to CNBC at Russian Energy Week alongside Russian President Vladimir Putin, TotalEnergies CEO Patrick Pouyanne, ExxonMobil CEO Darren Woods and Daimler CEO Ola Kallenius.
- 10/13/2021
|
Has BP p.l.c. (BP) Outpaced Other Oils-Energy Stocks This Year?
- Is (BP) Outperforming Other Oils-Energy Stocks This Year?
- 10/12/2021
|
Try Our Newly Enhanced Dividend Grades
- Reliable payouts are a top priority for most income investors. But since 2020, plenty of dividend payers proved just how vulnerable they were to dividend cuts.
- 10/12/2021
|
BP (BP) Gains As Market Dips: What You Should Know
- In the latest trading session, BP (BP) closed at $29.10, marking a +0.8% move from the previous day.
- 10/11/2021
|
7 Defensive Stocks to Buy and Forget About In Times of Volatility
- Here's why long-term investors seeking defensive stocks to buy right now may want to consider these top seven options right now. The post 7 Defensive Stocks to Buy and Forget About In Times of Volatility appeared first on InvestorPlace.
- 10/08/2021
|
BP: Massive Discount To Oil Prices Boosting Future Dividend Expectations
- The share price of BP has significantly lagged oil prices and now trades at a massive discount. Despite sounding disappointing, the silver lining is that their share buybacks can have a greater impact.
- 10/07/2021
|
BP to Invest in Low-Carbon Projects at Cherry Point Refinery
- The investment is in line with BP's aim to obtain net-zero emissions across its operations and reduce 50% of the carbon intensity from its products by 2050.
- 10/06/2021
|
BP share price forecast as oil and gas prices surge
- The BP (LON: BP) share price bullish momentum faded on Wednesday after Vladimir Putin vowed to stabilize gas prices. The stock is trading at 341p, which is a few points below this week's high of 354p.
- 10/06/2021
|
Invest In BP Stock To Realize Capital Gains
- Rising oil prices have been a boon for the overall industry including BP, which is going through a transition phase and expanding the convenience and renewable energy businesses. In H1 2021, the company generated $11.5 billion of cash from operations, repaid $7 billion of long-term debt.
- 10/05/2021
|
BP and ministers report petrol shortage crisis might be easing
- BP PLC said today that the petrol shortage caused by a lack of tanker delivery drivers might be starting to ease. A week ago it was a report that BP had closed some stations due to fuel supply problems that sparked panic buying of fuel across the country, The oil firm told the BBC that long queues on its forecourts "appear to be stabilising" and that it is starting to see a small rise in stock across its network.
- 10/01/2021
|
UK Value: BP PLC - New Strategy's 1-Year Birthday
- More than a year ago, BP PLC's ( LSE:BP. , Financial) ( BP , Financial) then-new CEO gave a flashy presentation on the company's plan to set a course to "net zero" carbon emissions by 2050.
- 09/30/2021
|
BP (BP) Gains As Market Dips: What You Should Know
- BP (BP) closed the most recent trading day at $27.24, moving +0.59% from the previous trading session.
- 09/28/2021
|
BP and Shell shares rise amid US$80 oil and UK energy crisis
- BP Plc and Royal Dutch Shell Plc shares were in favour on Tuesday as crude oil prices raced above US$80. Domestically, petrol is again among the themes of the day as people continue queuing at forecourts, and the exhortation not to panic buy seemingly falls on deaf ears.
- 09/28/2021
|
Shell, BP get oil price boost as global demand rises
- Royal Dutch Shell Plc and BP PLC got a boost on Monday afternoon after Brent oil prices broke to a new yearly high, edging closer to US$80 per barrel. Demand is rocketing as economies worldwide reopen, with supply struggling to keep up.
- 09/27/2021
|
BP may ration gasoline in U.K. due to truck driver shortage: report
- BP BP, +1.66% BP, -0.93% may ration gasoline deliveries to its 1,200 gas stations in the U.K. due to a truck driver shortage, U.K. broadcaster ITV reported. BP says it is hopeful that fuels stocks at forecourts will stabilise and start to rebuild at some point in October but quoted its head of UK retail as saying: "We are are expecting the next few weeks to be really, really difficult.
- 09/23/2021
|
BP (BP) Outpaces Stock Market Gains: What You Should Know
- In the latest trading session, BP (BP) closed at $25.65, marking a +1.66% move from the previous day.
- 09/22/2021
|
