BP.L - BP p.l.c.

LSE - LSE Delayed Price. Currency in GBp
-9.40 (-1.99%)
At close: 4:39PM GMT
Stock chart is not supported by your current browser
Previous Close472.70
Bid460.20 x 330000
Ask470.00 x 350000
Day's Range460.10 - 471.45
52 Week Range4.80 - 536.20
Avg. Volume35,367,710
Market Cap92.208B
PE Ratio (TTM)27.09
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Bloomberg13 hours ago

    BP Squeezed Out of Abu Dhabi Offshore Oil as China, Italy Win

    When oil-rich Abu Dhabi put a string of offshore fields up for auction, suitors from China to Italy vied for a slice of the pie. Surprisingly, that piece was snatched from one of the world’s largest energy ...

  • BP Elects Susan Dio to Head Extensive U.S. Operations
    Zacks23 hours ago

    BP Elects Susan Dio to Head Extensive U.S. Operations

    BP's US-based businesses contribute to $88.7 billion, reflecting almost 34% of the company's total sales and other operating revenues.

  • Reutersyesterday

    Drillers give tepid response to record U.S. offshore lease sale

    Oil and gas drillers bid on only a tiny fraction of Gulf of Mexico acreage offered on Wednesday in the largest lease sale in American history, a setback to the Trump administration's efforts to rapidly pump up investment in the region. The Interior Department had offered up a record 77 million acres (31.2 million hectares) for development in the Gulf - an area twice the size of Florida - with discounted royalty rates on the shallower tracts as part of a broader effort by President Donald Trump to ramp up fossil fuels output. In all, the auction yielded $124.76 million in winning bids, slightly more than a smaller Gulf of Mexico auction last year, but a tenth of the amount pulled in during a much smaller lease sale in the Central Gulf in 2013.

  • Reutersyesterday

    Chevron says it will not dispute climate science in U.S. lawsuit

    A Chevron attorney said in court on Wednesday that the company supports scientific conclusions that humans are causing climate change, a response to a lawsuit that accuses five major energy producers of misleading the public for years about their role in global warming. At a hearing in San Francisco federal court, Chevron attorney Theodore Boutrous also said that the scientific consensus about greenhouse gas emissions did not fully form until the past decade.

  • Reuters2 days ago

    BP to drill first deepwater oil well in Mexican block in 2020

    British oil major BP will drill its first deepwater exploration well at a block it operates in the southern Gulf of Mexico during the third quarter of 2020, according to a plan approved Tuesday by Mexican oil regulator CNH. The four-year exploration plan for the block located in the Gulf's Salina Basin is also expected to lead to an investment of $199.5 million (£142.5 million) and add up to 75 million barrels of oil equivalent in reserves, according to the CNH. Norway's Statoil and France's Total are equity partners in the BP-led consortium, which won the development rights to the block in Mexico's first-ever deepwater oil auction in late 2016.

  • BP Appoints First Ever Woman to Lead Its American Business
    Bloomberg2 days ago

    BP Appoints First Ever Woman to Lead Its American Business

    For the first time in BP Plc’s history, its U.S. business will be led by a woman.

  • Rosneft doubles Q4 profit helped by Sistema deal
    Reuters4 days ago

    Rosneft doubles Q4 profit helped by Sistema deal

    MOSCOW (Reuters) - Rosneft (ROSN.MM) doubled its fourth-quarter net income to 100 billion roubles ($1.74 billion) after it resolved a row with Sistema (AFKS.MM), the Russian energy company said on Monday. ...

  • Does BP pl.c.’s (NYSE:BP) PE Ratio Signal A Selling Opportunity?
    Simply Wall St.4 days ago

    Does BP pl.c.’s (NYSE:BP) PE Ratio Signal A Selling Opportunity?

    BP pl.c. (NYSE:BP) is currently trading at a trailing P/E of 38.2x, which is higher than the industry average of 12.9x. Although some investors may jump to the conclusion thatRead More...

  • Reuters6 days ago

    Eni promises richer returns after exploration success

    LONDON/MILAN, March 16 (Reuters) - Italian oil major Eni hiked its dividend on Friday and held out the prospect of a share buyback after promising higher growth in production and more cash. Eni was the first oil major to cut its dividend three years ago after a steep decline in the oil price forced the industry to tighten its belt.

  • Oilprice.com7 days ago

    BP: Technology Could Lower Oil Production Costs By 30 Percent

    In BP’s Technology Outlook 2018, the oil giant claimed that new technology could lower to production costs of oil by 30 percent

  • Reuters7 days ago

    BP seeking buyers for stake in ageing Egyptian business - sources

    BP is seeking buyers for its stake in a 50-year-old oil and gas business in Egypt as it focuses on newer deepwater gas fields off the country's Mediterranean coast, banking sources said. The London-based company has in recent weeks pitched to potential buyers its stake in Gulf of Suez Oil Company (GUPCO), a joint venture with the Egyptian General Petroleum Corporation (EGPC) that was set up in the 1960s.

  • BP Sells Egyptian Oil Assets as Focus Shifts
    Bloomberg7 days ago

    BP Sells Egyptian Oil Assets as Focus Shifts

    BP Plc has begun a process to sell mature oil fields in Egypt as it shifts investment in the country to natural gas, according to people with knowledge of the matter.

  • BP's Chief Economist Sees Oil Demand Growing Strongly This Year
    Bloomberg8 days ago

    BP's Chief Economist Sees Oil Demand Growing Strongly This Year

    Spencer Dale, BP Plc's chief economist, discusses the outlook for oil demand and the energy industry. He spoke with Bloomberg's Alix Steel on March 1. (Source: Bloomberg)

  • Why BP is the Best Oil Supermajor to Buy Right Now
    Zacks8 days ago

    Why BP is the Best Oil Supermajor to Buy Right Now

    Strong portfolio of upstream projects, positive free cash flow and positive earnings estimate revisions make BP a compelling buy apart from being undervalued.

  • Oil companies temper Iraq's dreams of production expansion
    Reuters8 days ago

    Oil companies temper Iraq's dreams of production expansion

    Iraq, OPEC's second-largest producer of crude, is hitting a roadblock in the next phase of expanding its oil production capacity as the appetite of international energy firms for investing in the country's low-return environment slackens. Having slashed production targets in 2013 and 2014, most international oil firms in Iraq are revising their oilfields' plateau production levels even lower, and the discussions involved are moving slowly, Iraqi and company sources say. Growth has been the hallmark of Iraq's oil production in the past decade with a rise of over 2.5 million barrels per day to a peak of 4.71 million bpd in late 2016, Reuters assessments show.

  • BP expects strong compliance for marine sulphur emissions caps
    Reuters9 days ago

    BP expects strong compliance for marine sulphur emissions caps

    Oil major BP Plc (BP.L) expects more than 90 percent of the world's shipping fleet will comply with new regulations slashing sulphur levels ships are allowed to burn starting 2020, a company executive said on Tuesday. Coming International Maritime Organization (IMO) rules will cut the amount of sulphur emissions that ships worldwide are allowed from 3.5 percent to 0.5 percent by 2020. "Potential non-compliance is a significant issue that the market has been contending with," Jason Breslaw, who leads BP's distillate trading origination across the Americas, said at an industry conference in New Orleans.

  • Reuters10 days ago

    Oil majors' interest in Argentina tests free-market reforms

    Oil majors are evaluating bids for offshore exploration rights in Argentina, a major change in a country that sent Spanish energy giant Repsol (REP.MC) packing six years ago and has seen little offshore exploration for decades. To secure bids, Argentina will need to show it has moved beyond its historical fluctuations between free-market policies and left-wing populism and that it has made progress in lowering costs for energy firms. Oil companies including Shell and Statoil told Reuters they are looking at bidding in the auctions, to be held later this year, and a government official said Exxon and Chevron have also shown interest.

  • Reuters11 days ago

    Eni sells 10 percent of Egypt's Shorouk concession to Mubadala Petroleum

    Italian oil company Eni (ENI.MI) said on Sunday it would sell a 10 percent stake in the Shorouk concession in Egypt's Zohr gas field to Mubadala Petroleum of the United Arab Emirates for $934 million (£674.11 million). Eni currently holds through its subsidiary IEOC a 60 percent stake in the block, the biggest ever gas discovery in the Mediterranean, with 400 million standard cubic feet per day. Rosneft (ROSN.MM) holds a 30 percent share and BP (BP.L) 10 percent.

  • Oilprice.com13 days ago

    BP Reports Surprise Production Jump At Mature Fields

    BP, among other oil majors have reported surprise increases in oil production from aging fields

  • McDermott Wins New Contract From BP, Relationship Expands
    Zacks14 days ago

    McDermott Wins New Contract From BP, Relationship Expands

    McDermott (MDR) plans to use its engineering teams in Houston and Chennai, India for the contract.

  • Forbes14 days ago

    $1.6 Trillion Of Investments At Risk If Fossil Fuel Firms Fail To Heed Climate Targets

    Fossil fuel companies that invest on the basis of current climate policies are putting more than $1 trillion at risk, because those targets are likely to be tightened in years to come, says think tank Carbon Tracker

  • American City Business Journals15 days ago

    United Airlines and BP join forces on industry-leading loyalty program

    United said starting March 7 it will begin offering both United MileagePlus members and BP Driver Rewards members the option of earning and using miles on fuel purchases at participating BP retail locations in the United States. The marriage was a natural fit, as BP's North American downstream headquarters are in Chicago, and United has its global headquarters in the Windy City. Meanwhile, BP's U.S. headquarters are in Houston, and United has one of its largest hubs at George Bush Intercontinental Airport.

  • Here's Why You Should Add BP Stock to Your Portfolio Now
    Zacks15 days ago

    Here's Why You Should Add BP Stock to Your Portfolio Now

    Ramp up of key upstream projects encourages BP to project year-over-year production growth through 2018.

  • Reuters15 days ago

    BP to produce up to 700 mcf per day from Egypt's West Nile Delta fields by end - 2018

    BP started gas production from two other fields in its West Nile Delta development last year.The Taurus and Libra fields, commissioned eight months ahead of schedule and under budget, currently produce about 700 million standard cubic feet of gas a day for the Egyptian national grid. BP CEO Bob Dudley said last month that the company plans to invest over $1 billion (721.19 million pounds) in Egypt this year.Egypt has been seeking to speed up production from recently discovered fields, with an eye to halting imports by 2019 and achieving self-sufficiency.

  • Reuters16 days ago

    Exxon CEO struggles to reverse Tillerson's legacy of failed bets

    Exxon Mobil Corp's $200 million (144 million pounds) write-down last month on abandoned ventures in Russia - once its next big frontier - points to challenges facing Chief Executive Darren Woods in his second year leading the world's largest publicly traded oil producer. Some of the biggest bets taken by his predecessor Rex Tillerson, now the U.S. secretary of state, have resulted in billions of dollars in write-downs amid falling production and a stock price that has long lagged peers. In 2018, the company plans capital spending of about $24 billion - up about a quarter since 2016 - suggesting return on capital will get worse before it gets better as the firm waits for a payoff from new exploration under Woods.