|Bid||7.14 x 0|
|Ask||7.41 x 0|
|Day's Range||7.26 - 7.26|
|52 Week Range||6.10 - 7.76|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||14.89|
|Forward Dividend & Yield||0.41 (5.68%)|
|1y Target Est||N/A|
On Tuesday, investors large and small grilled BP’s Chairman Helge Lund and Chief Executive Officer Bob Dudley for over two hours on the company’s plans to tackle climate change and its preparation for the energy transitions.
Activists disrupted BP's annual shareholder meeting on Tuesday shouting "this is a crime scene" in the latest climate protest against the oil and gas group, while rival Royal Dutch Shell got some rare praise from investors on its emissions policies. Both oil giants have been working with shareholders in recent years to try to define a path towards meeting the goals of the 2015 Paris climate agreement to limit global warming. Two women protesters inside BP's annual general meeting (AGM) in Aberdeen, Scotland, were carried out by security staff, while others turned on an alarm during BP Chief Executive Bob Dudley's speech as activists complained the UK-based group was not doing enough to battle global warming.
ABERDEEN, Scotland (Reuters) - BP shareholders overwhelmingly approved a climate resolution on Tuesday backed by investors and the oil and gas company which calls for it to meet the 2015 Paris climate ...
It’s proof that investors have the clout to compel executives to pay attention to their environmental responsibilities – and suggests that threats to expel climate transgressors from stock exchanges are misguided. The shadow Chancellor of the Exchequer told the Guardian newspaper in an interview last week that he would consider changing the law to force the London Stock Exchange to de-list firms that fall short of their obligations to preserve the planet.
BP shareholders voted overwhelmingly in favour of a proposal asking the oil and gas major to make greater disclosures about how its business aligns with the Paris climate goals. BP’s board backed the proposal by Climate Action 100+, a coalition of some of the world’s largest investors that manage $32tn in assets, calling on BP to make greater disclosures on its emissions and show how its investments and business strategy align with the Paris climate goals to limit global temperature rises.
The environmental group said volunteers arrived at BP’s office at 3 a.m. on Monday. The protest echoes a similar days-long event organized by activists from Extinction Rebellion last month. Greenpeace said Monday it will stop protesting at BP if the company ends its investment in oil and gas entirely and becomes a renewable-energy company, or if it winds down its operations and chooses to go out of business.
Greenpeace activists blocked the entrance to BP's London headquarters on Monday, demanding one of the world's biggest energy companies ends all new oil and gas exploration or goes out of business. Greenpeace activists arrived at the building in St James' Square in central London at 0200 GMT and encased themselves in specially designed containers to block all of the main entrances. "BP is fuelling a climate emergency that threatens millions of lives and the future of the living world," said Paul Morozzo, a Greenpeace activist.
Oil companies BP Plc and Royal Dutch Shell Plc are giving $1 million each to the Americans for Carbon Dividends advocacy campaign, underwriting its efforts to persuade Congress to enact a carbon tax-and-dividend plan. Meanwhile, dozens of corporations, including Capital One Financial Corp., software company Salesforce.com Inc., and health care giant Kaiser Permanente, will be pleading with Congress for a carbon tax.
The wide and growing concerns about climate change will be clearly visible in Aberdeen today at the BP annual general meeting. + which calls for greater transparency from BP to show how our strategy is consistent with the goals of the 2015 Paris agreement on climate change. Some might ask if that is at odds with the interests of the majority of our shareholders.
Greenpeace activists have blocked access to BP’s London headquarters, demanding the energy major end new oil and gas exploration and switch to renewable investments. Campaigners arrived at their St James’s Square building in central London at 3am on Monday and encased themselves in containers weighing several tonnes, blockading main entrances.
BP’s chairman said he recognised that the world’s energy consumption was on “an unsustainable path” and the oil major’s days of chasing ever higher output are coming to an end. Writing in the Financial Times on Tuesday, Helge Lund acknowledged the need to repurpose BP’s business for a lower-carbon future.
Greenpeace activists blocked the entrance to BP headquarters in London on Monday, demanding the end to all new oil and gas exploration. Greenpeace activists arrived at BP in St James’ Square at 0200 GMT and encased themselves in specially designed containers to block all the building's main entrances. "BP is fuelling a climate emergency that threatens millions of lives and the future of the living world," said Paul Morozzo, a Greenpeace activist.
BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors that they want the oil and gas industry to do more to clean up its act. After BP's 2018 carbon emissions rose to their highest in six years, the London-based major is being lobbied by activists and an increasing number of shareholders to ensure its operations are in line with goals set by the 2015 Paris climate deal to curb global warming. BP has already backed a resolution being put to investors on Tuesday for it to be more transparent about its emissions, link executive pay to reducing emissions from BP's operations and show how future investments meet Paris goals.
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When BP Plc meets with shareholders next week, it’ll be facing one of the clearest signals yet that the fossil-fuel business is facing an adapt-or-die reckoning. A resolution at the company’s annual general meeting on May 21 will ask BP to prove in a series of reports how individual capital investments, and its overall business strategy, are aligned with the goals of the Paris climate accord. The proposal already has the backing of almost a tenth of the company’s shareholders, including seven of the oil major’s 20 largest stockholders, such as Legal & General Investment Management Ltd., and UBS Asset Management.
BP, the biggest oil producer in the U.S. Gulf of Mexico, has just announced that it is expanding the development at one of its fields, unlocking additional production from its offshore U.S. platforms, while the American supermajors look to significantly boost their output in US shale plays
The oil giant has made incredible improvements since its 2010 oil spill and the oil price crash in 2015, but investors don't seem to be changing their view of the stock.
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BP Plc on Monday announced new production units in the Gulf of Mexico, enhancing its standing as the largest producer there at a time when rival global oil majors are scrambling to expand vast U.S. onshore shale drilling. Britain-based BP will add two new subsea production units about two miles (3.2 km) south of its existing giant Thunder Horse platform, with two wells added in the near term and eight total wells planned, the company said on Monday.
BP has signed a deal to explore for oil and gas off Gambia's coast in a potential economic boon for the tiny West African country, although another producer says it owns the rights to the same licence. BP was awarded the licence to the A1 block, the Gambian government said late on Tuesday, a deal which comes as producers seek to emulate oil and gas finds in neighbouring Senegal and Mauritania that have attracted oil majors from across the globe. The A1 block is one of two that the Gambian government stripped from Norwegian-listed African Petroleum Corporation in 2017, saying the licences had expired and that the company had failed to meet contractual obligations.