|Bid||485.00 x 330000|
|Ask||493.00 x 350000|
|Day's Range||486.90 - 492.35|
|52 Week Range||4.80 - 519.30|
|PE Ratio (TTM)||25.77|
|Forward Dividend & Yield||0.40 (6.98%)|
|1y Target Est||N/A|
BP has launched the search for a new chairman after announcing that Carl-Henric Svanberg will step down after a turbulent eight years in the post. The Swede has led BP's board since shortly before the ...
BP's Chairman Carl-Henric Svanberg who helped navigate the British company through the 2010 Deepwater Horizon oil spill, announced his intention to step down after nearly 8 years in the post. BP rarely replaces both its chairman and chief executive in close succession, so the decision means current CEO Bob Dudley, who also took office in 2010, is likely to remain in his position for some time yet, according to company sources. Svanberg will chair the annual general meeting to be held in May 2018 and will remain in his position until a successor is in post, the company said in a statement.
BP Plc said Chairman Carl-Henric Svanberg will retire after overseeing the London-based oil giant through some of the most tumultuous years in its history.
VERONA (Reuters) - Global oil reserves are not yet at their normal level and it is too early to talk about a watershed in terms of rebalancing the oil market, Igor Sechin, chief executive of Russia's oil ...
Iraq has asked BP to develop oilfields around Kirkuk, two days after Baghdad regained control of much of the region from Kurdish forces. The oil ministry said Jabar al-Luaibi, the minister, had "sent ...
BP (BP.L) is targeting smaller and wider-ranging investments in renewable energy to avoid large losses in the sector like those it suffered earlier in the decade, Chief Executive Bob Dudley said on Wednesday. BP and peers including Royal Dutch Shell (RDSa.L) and Total (TOTF.PA) have recognised the need to reduce carbon emissions in the fight against global warming, but their investment in renewables remains tiny compared to oil and gas. "We're making smarter, in many cases, smaller bets, and making more of them across a wider range of technologies and business models," Dudley said in a speech at the Oil & Money conference.
BAGHDAD/LONDON (Reuters) - Iraq said on Wednesday it wanted to bring back BP (BP.L) to help develop Kirkuk oilfields, which Baghdad's military took over this week from the Kurdish Pershmerga forces, but the oil major said it was in no rush to return until security improves. Kirkuk became the key area of tensions between Baghdad and Erbil since Iraq's semi-autonomous region of Kurdistan held an independence referendum three weeks ago, triggering an angry response from Baghdad and neighbouring Turkey and Iran.
Iraqi Oil Minister Jabar al-Luaibi has asked BP (BP.L) ''to quickly make plans to develop the Kirkuk oifields,'' an oil ministry statement said on Wednesday. Iraqi government forces on Monday took control of the oil-rich region of Kirkuk from Kurdish peshmerga fighters who had occupied the area in 2-14, in the course of the war on Islamic State. BP says on its website it has provided technical assistance in the past to the Iraqi state-owned North Oil Company to aid the redevelopment of the Kirkuk field.
Houston-based BP Midstream Partners LP — a master limited partnership formed by London-based BP PLC (NYSE: BP) — announced Oct. 16 that its initial public offering has commenced . The IPO will offer 42.5 ...
An oil spill in the Gulf of Mexico last week may be the largest in the U.S. since the 2010 blowout at BP Plc’s Macondo well that sank the Deepwater Horizon rig.
(Reuters) - BP Midtsream Partners, a unit of British energy company BP Plc (BP.L), said on Monday it expects to raise up to $893 million (£671.3 million) from its initial public offering. BP Midtsream ...
BP Midtsream Partners, a unit of British energy company BP Plc, said on Monday it expects to raise up to $893 million from its initial public offering. BP Midtsream expects to sell 42.5 million shares, ...
For major trading houses that ship millions of barrels of oil every day, the prospect of diminishing fuel demand and a shift to renewable power poses a brain-racking challenge with few obvious solutions. "It is a very fair question - what the hell are we going to do?" said Ian Taylor, chief executive of the world's top oil trader Vitol, which trades seven percent of the world's oil. Vitol, as well as rivals including Glencore (GLEN.L) and Gunvor, sees many growth opportunities in the bread-and-butter business of oil trading as economies in Asia, Latin America and Africa grow producing demand for oil.
The U.S. company has abandoned plans for deep-water exploration wells in the 1,000-mile stretch of ocean off southern Australia, citing low oil prices.
The Vetr crowd on Thursday downgraded its rating BP plc (ADR) (NYSE: BP ) from 4 stars (Buy), issued two days ago, to 3 stars (Hold). Crowd sentiment at the time of the downgrade was generally positive, ...
Royal Dutch Shell (RDSa.L) has agreed to buy Dutch-based NewMotion, the owner of one of Europe's largest electric vehicle charging networks, marking the company's first deal in electric mobility as demand for cleaner vehicles is expected to soar. Shell said NewMotion, which manages over 30,000 charging points for electric vehicles in Western Europe and offers access to thousands more, will operate in parallel to Shell's programme of rolling out fast charging points at its forecourts.
Statoil's exploration campaign off Britain yielded one discovery, one dry well and one non-commercial discovery this year, the company said on Monday. Results of the Mariner Segment 9 and Jock Scott wells were disappointing, while the third, a sidetrack to Statoil's Verbier well in the outer Moray Firth, proved at least 25 million barrels of oil. "Whilst the results of the other two exploration wells were disappointing, we are convinced of the remaining, high-value potential on the UK continental shelf," Jenny Morris, Statoil's vice president for UK exploration, said in a statement.
Investing.com - Crude oil continued to decline on Friday, as traders grew cautious due to the possibility of higher U.S. crude stocks caused by incoming tropical storm Nate and the closing of a number of oil facilities in the Gulf of Mexico.
Investing.com - Crude oil prices slid lower on Friday, as traders grew more cautious due to the possibility of supply disruptions caused by incoming tropical storm Nate, although sustained signs that the market is progressively rebalancing continued to support the commodity.