|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||40.24 - 40.52|
|52 Week Range||33.10 - 41.55|
|PE Ratio (TTM)||34.25|
|Forward Dividend & Yield||2.40 (5.96%)|
|1y Target Est||40.82|
Inventories have been falling and oil prices rising consistently in the second half of this year, but the IEA has warned that trends will change in 2018
This week, energy icon BP plc (ADR) (NYSE:BP) announced it was spending $227 million to build another lubricant in China. Indeed, BP stock didn’t even budge in response, as it looked like just another throw-away press release — the kind of news a company posts more out of obligation or courtesy than to excite investors. BP was and still is an oil company.
Earlier this year, I opined that BP plc (ADR) (NYSE:BP) could offer some serious value and that buying at $34 was a decent place to get in. BP stock is up about 20% since then, and that was during an era of oil prices that were sub-$50. With oil having broken out decisively over that threshold, BP stock is set for further gains.
BP, which adopted a sunburst logo two decades ago to convey its ambition in solar energy, agreed to acquire a 43 percent stake in Europe's largest solar developer. It will be renamed Lightsource BP. The investment, a fraction of the approximately $17 billion BP has spent in 2017, comes six years after BP wrote down billions on its first investment in solar, when its panel manufacturing business struggled with competition from China.
The world’s most powerful supercomputer for commercial research sits right here in Houston, according to London-based BP PLC (BP). The oil major announced that it has more than doubled the total computing power of its Center for High-Performance Computing in Houston. Since unveiled in 2013 , the high-performance supercomputing facility has helped BP identify an additional 1 billion barrels of oil at its four hubs in the Gulf of Mexico, per the press release.
The Zacks Analyst Blog Highlights: BP, ConocoPhillips, Northern Oil and Gas and Carrizo Oil & Gas
The buyout of Woolworth's stations by BP will considerably reduce competition in the retail fuel market, according to ACCC.
BP suffered a setback to its post-Deepwater Horizon plans after the Australian government said it would block a $1 billion deal that would have made it the country’s dominant consumer-fuel retailer.
Australia's antitrust regulator on Thursday blocked BP Plc's A$1.8 billion (1.04 billion pounds) purchase of Woolworths Ltd's petrol stations, even after the oil company offered to sell some stations to ease competition concerns. BP and Woolworths, which wants to exit the business to focus on its supermarkets, said they were disappointed by the decision after months of talks with the Australian Competition and Consumer Commission and were reviewing what to do next. "We remain confident that, with appropriate divestments as offered by BP, this transaction would not substantially lessen competition," BP Australia President Andy Holmes said in a statement.
"We consider that BP acquiring Woolworths' service stations will be likely to substantially lessen competition in the retail supply of fuel," the Australian Competition and Consumer Commission Chairman Rod Sims said in a statement. Woolworths and BP announced the deal in December 2016, as the Australian retailer sought to cut non-core businesses and focus on its supermarkets. ACCC found that the acquisition would likely lead to higher prices and reduce competition.
Historical earnings surprise can be viewed as a key metric for share price outperformance and can greatly increase your odds of grabbing big winners.
The contract involves work to help drive an increase in total production capacity from the central processing facility to 1,500 mmscfd (million standard cubic feet per day), Petrofac said. Petrofac also worked on a $1.4 billion project for the first phase at the Khazzan project. BP said in September it had begun production at the Khazzan gas field, the sixth and largest of seven new upstream projects that were due to start for the British oil giant this year.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to BP Plc Here are 5 ETFs with the largest exposure to BP-US. Comparing the performance and risk of BP Plc with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker Fund Name ... Read more (Read more...)
Angola was once a magnet for the world’s biggest oil companies, drawing billions of dollars in investment from BP, Exxon Mobil and others. Now, foreign companies have all but given up on new ventures there....
The Interior Department said Thursday it is delaying an Obama-era regulation aimed at restricting harmful methane emissions from oil and gas production on federal lands. A rule being published in the Federal ...
The Forties pipeline stream saw disrupted flows on Thursday following a leak and flaring issue, Ineos has assured observers there is no contamination issue yet
Over the long run, high-yield dividend stocks have been the stocks to buy. A dividend yield alone doesn’t support a bull case. An income investors whose stock cuts its distribution faces a double whammy.