43.15 +0.01 (0.02%)
After hours: 7:49PM EDT
|Bid||43.15 x 1000|
|Ask||43.23 x 4000|
|Day's Range||43.10 - 43.67|
|52 Week Range||36.15 - 47.83|
|Beta (3Y Monthly)||0.55|
|PE Ratio (TTM)||20.37|
|Forward Dividend & Yield||2.46 (5.61%)|
|1y Target Est||50.70|
“The oil prices in the world are too high and it’s unhealthy for the world,” said Bob Dudley, the chief executive officer of British oil-and-gas giant BP. Some emerging market economies such as South Africa, India, and Turkey were suffering from their highest-ever prices of gasoline because the market price of oil—which is traded in…
BP and Eni could soon resume production at a shared oil field, lifting the country’s oil production by several hundred thousand barrels per day
ExxonMobil (XOM) is expected to post its third-quarter results on November 2. Before we consider its third-quarter estimates, let’s recap its second-quarter performance and estimates. In the second quarter, ExxonMobil’s revenue surpassed Wall Street’s estimates by 1%.
Venture Global LNG Inc's Calcasieu Pass liquefied natural gas (LNG) export terminal in Louisiana took a big step toward receiving federal approval for construction on Monday after staff at the U.S. energy regulator issued a final environmental report. FERC said in a release that its commissioners will take the FERC staff's recommendations into consideration when they make a decision on the project. FERC did not say when the commissioners would make that decision.
The searing heat triggers sensors that roughnecks extracting natural gas from a BP Plc well are wearing across their chests. The use of data in this scenario described by BP holds big promise for the company, which has cut billions of dollars of costs following oil’s recent existential slump. If applied widely, technology could save even more, with machines able to prevent people and equipment from breaking down, rather than hustling to expensively repair them.
Crude production in the North African nation is averaging “well above 1 million barrels a day despite local security challenges,” National Oil Corp. Chairman Mustafa Sanalla said over the weekend in a written response to questions. "The deal is proof of the confidence that two of the leading oil majors have in NOC, and in Libya’s production outlook,” Sanalla said. Political divisions and internal fighting have plagued Libya since 2011, when longtime leader Moammar Qaddafi was overthrown and killed.
Energy demand growth from this country will be nearly three times that of China in the coming decades.
BP Chief Executive Bob Dudley said that current oil prices are too high and that they are causing demand destruction in many emerging economies such as India, South Africa and Turkey
In this series, we’ve examined Total’s (TOT) third-quarter estimates, segmental earnings outlook, stock performance, and dividend yield. We also reviewed Total’s stock forecast range for the ten-day period until its earnings release scheduled on October 26. Now, we’ll examine analysts’ ratings for Total.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does BP (BP) have what it takes? Let's find out.
In the previous part, we discussed Total’s (TOT) stock price forecast range until its third-quarter earnings. In this part, we’ll see where Total’s dividend yield stands before its third-quarter earnings. We’ll also discuss the dividend yield trend.
Norway's Aker BP (AKERBP.OL) beat third-quarter operating profit forecasts on Friday, helped by higher oil prices, and trimmed its plans for capital and exploration spending, boosting hopes for a dividend increase. Meanwhile, Aker BP said it now expected $1.25 billion in 2018 capital spending, down from a target of $1.3 billion, as projects under development were progressing smoothly. Chief Executive Karl Johnny Hersvik had told Reuters in September he expected output to top 200,000 boed by end-2019 after Norway's giant Johan Sverdrup oilfield starts up.
Malaysia’s state oil company has agreed to acquire about a 10% stake in the giant Khazzan natural gas field in Oman, according to people familiar with the matter. The planned purchase, which could be announced in the coming days, gives Petronas—also known as Petroliam Nasional Bhd—a toehold in one of the biggest fracking projects ever completed outside the U.S., a $12 billion development run by BP PLC that launched last year. BP’s partner in the project, Oman Oil Company, had been looking to sell a portion of its 40% stake in the gas field. After Petronas’s acquisition, the company will retain about a 30% stake, while BP will retain its 60% interest.
"It's a great example of what can go on in a country like ours with a relatively small company and with a core of hardworking people that are willing to take chances and put their reputations on the line."
Energy giant BP says it's added the equivalent of 30,000 barrels of oil a day to production at its largest Gulf of Mexico platform, called Thunder Horse . A news release Thursday from Houston-based BP United States says that brings the field's gross output to more than 200,000 barrels of oil equivalent a day.
HOUSTON/SINGAPORE, Oct 17 (Reuters) - In the middle of a Sino-U.S. trade war, the world's largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of Corporate America is looking elsewhere to avoid the threat of tariffs. Exxon Mobil Corp is placing big bets on China's soaring liquefied natural gas (LNG) demand, coupling multi-billion dollar production projects around the world with its first mainland storage and distribution outlet. Its gas strategy is moving on two tracks: expanding output of the super-cooled gas in places such as Papua New Guinea and Mozambique, and creating demand for those supplies in China by opening Exxon's first import and storage hub, according to an Exxon manager and people briefed on the company's plans.
North African-focused oil and gas company SDX Energy (SDX.L) said on Thursday that talks to buy some of BP's (BP.L) Egyptian assets have been abandoned. Reuters reported earlier in the year, citing banking sources, that BP is seeking buyers for its stake in a 50-year-old oil and gas business in Egypt, then estimated to be worth around $500 million (£382 million). "Discussions regarding its proposed acquisition of a significant package of assets in Egypt from BP have been terminated by mutual agreement," SDX said in a statement, without giving details on why the talks were ended.
Whether Coloradans want the tribute is another matter. Colorado has been drawing drillers whose interest has been piqued by production that’s climbed 10-fold since 2001 to a record 450,000 barrels a day in April. Along with Noble Energy Inc., Anadarko Petroleum Corp. and others, BP is now in the midst of a multimillion-dollar war over the state’s environmental future.
Oil majors in Europe and the U.S. appear to hold very different views when it comes to the future of oil and the speed of the next energy revolution
While TOTAL seems to be leading the renewables race, Chevron seems to be lacking a clearly defined path when it comes to clean energy.
Royal Dutch Shell’s (RDS.A) dividend payments have remained steady in the past few years. In the third quarter, Shell paid a dividend of $0.94 per share, which is equal to the dividend it paid in the third quarter of 2016. Wall Street analysts expect Shell’s dividend per share to stay stable at $0.94 in the fourth quarter.
In this series, we’ve reviewed Royal Dutch Shell’s (RDS.A) third-quarter estimates, segment-wise prospects, stock returns, and stock price forecast before its third-quarter earnings. The earnings are scheduled to be released on November 1. In this part, we’ll discuss analysts’ ratings for Shell.