|Bid||37.09 x 2900|
|Ask||37.18 x 3000|
|Day's Range||36.93 - 37.35|
|52 Week Range||35.73 - 45.38|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||26.42|
|Forward Dividend & Yield||2.46 (6.71%)|
|1y Target Est||49.19|
Saudi Aramco is expected to be valued at $1.7 trillion dollars with an IPO price of 32 riyals per share, according to Reuters. Basil Karampelas, SierraConstellation Partners, joins Yahoo Finance's On the Move to discuss.
Russian President Vladimir Putin and Chinese President Xi Jinping are working together to open the taps of a Siberia pipeline, delivering natural gas from Russia to China. Yahoo Finance’s Adam Shapiro, Julie Hyman, Brian Cheung, Heidi Chung and The Fox Group’s Chief Market Strategist Scott Gecas discuss on On The Move.
Environmental law charity Clientearth has accused BP of “misleading” the public regarding its low-carbon credentials with its multimillion-pound advertising campaign
Saudi Aramco’s initial public offering is set to begin trading Wednesday, and expect the financial media industrial complex to go into overdrive.
BP boosts capital spending on renewable power business as most oil companies in Europe have decided to combat climate change by reducing greenhouse gas and carbon emissions.
BP Plc said on Wednesday it would supply renewable energy to Amazon.com Inc's European data centres that drive the technology giant's cloud platform. BP will begin supplying Amazon Web Services (AWS) with renewable energy from more than 170 megawatts of new wind and solar projects in Sweden and Spain starting in 2021.
There are rumblings that the energy sector, a laggard for much of this year, could be ready to rebound in 2020. Investors can participate in that action without making a full commitment to the sector via the FlexShares Morningstar Global Upstream Natural Resource Index Fund (GUNR) . The FlexShares global natural resources strategy takes an “upstream” focus that targets companies with ownership or direct access to the raw materials.
Repsol (REPYY) is expected to incur post-tax impairment charge of almost 4.8 billion euros for re-evaluating some of its hydrocarbon assets under the Paris Agreement.
Environmental lawyers have made their boldest move to date against “greenwashing” in advertising campaigns by oil and gas companies. ClientEarth, a non-profit legal group, submitted an official complaint under international guidelines on Tuesday arguing that BP is misleading consumers over its low-carbon credentials in recent advertisements — the company’s first global campaign in 10 years. The adverts, which emphasise BP’s role in the transition to cleaner energy, create a “potentially misleading impression” that distracts the public from their core business of hydrocarbons, ClientEarth said.
The U.S. crude benchmark finished sharply lower last week amid speculation that OPEC and its allies are deeply divided over Saudi Arabia's push for deeper production cuts.
U.S. Supreme Court justices on Tuesday appeared inclined to shield a unit of British oil major BP Plc from claims seeking a more extensive cleanup of a Superfund hazardous waste site in Montana than what federal environmental officials had ordered. The nine justices heard arguments in an appeal by Atlantic Richfield Co of a Montana state court ruling allowing a group of private landowners within the sprawling site of its former Anaconda copper smelter in western Montana to bring their claims for restoration damages to trial. Liberal and conservative justices alike signaled their concern that landowners could interfere with land remediation efforts ordered by the U.S. Environmental Protection Agency.
The newly-formed joint venture, where BP has a 50% ownership interest, has the potential of supplying 1,200 gigawatt hours of electricity to the national grid of Brazil.
British oil major BP Plc and U.S. commodities trader Bunge Ltd announced on Monday the completion of a deal to combine their sugar and ethanol operations in Brazil, creating the world's second largest cane processor. The 50-50 joint venture BP Bunge Bioenergia, which will manage 11 plants in five Brazilian states with a total capacity to crush 32 million tonnes of sugarcane per year, will rank only behind Raízen, the joint venture between Royal Dutch Shell Plc and Brazilian energy group Cosan SA.
Bunge Limited (NYSE:BG) and BP plc (NYSE:BP) today announced that they have completed the formation of BP Bunge Bioenergia, the Brazilian bioenergy joint venture that combines their Brazilian bioenergy and sugarcane ethanol businesses. BP Bunge Bioenergia is now the second largest operator by effective crushing capacity in the Brazilian bioethanol market.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
Four cheap energy stocks for investors to consider, on the expectation that the increasingly unpopular sector will emerge from a decadelong slump. Plus: a bet on three drugs formerly in Celgene’s pipeline.
While the broad stock market reaches for new all-time record highs, companies that produce oil and natural gas remain heavily out-of-favor, observes George Putnam, editor of The Turnaround Letter.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the third quarter. You can find articles about an individual hedge fund's trades on numerous financial […]