|Bid||6.460 x 300000|
|Ask||6.466 x 300000|
|Day's Range||6.397 - 6.500|
|52 Week Range||4.737 - 6.760|
|PE Ratio (TTM)||29.24|
|Forward Dividend & Yield||0.34 (5.10%)|
|1y Target Est||N/A|
BP (BP.L) does not yet foresee a shortfall in oil supplies in the coming years due to a fall in investments across the sector, the company's Chief Financial Officer Brian Gilvary said on Thursday. Although investment in new oil and gas projects more than halved following the collapse of oil prices in 2014, U.S. shale oil production has surged in recent years as drillers adapted. The U.S. output growth helped offset production cuts by OPEC and several major producing countries since 2017.
In the first quarter, BP’s (BP) cash flow from operations rose 72% YoY (year-over-year) to $3.7 billion, and its cash outflow from investing was flat YoY at $3.8 billion. BP’s cash outflow from financing stood at $3.4 billion, against a cash inflow of $1.8 billion in Q1 2017. In the first quarter, BP produced $3.7 billion in cash from operations. However, it had a cash outflow of $3.6 billion in the form of an additions to plants, property, and equipment, and $1.8 billion in the form of dividends, adding up to $5.4 billion of cash outflow.
Two years after 200 or so nations forged a new United Nations deal to protect the climate, output of the gases blamed for global warming surged to a record. Carbon dioxide emissions from energy use climbed 1.6 percent in 2017, with both emerging and developed economies contributing to the increase, according to BP Plc data published Wednesday. In the U.S., which intends to withdraw from the UN’s Paris accord, greenhouse-gas output fell for a third year.
In this part, we’ll review whether BP’s (BP) debt position has improved. Let’s begin by comparing BP’s debt position with peers’. BP’s total debt-to-capital ratio was 38% in the first quarter, higher than its peers’ average of 33%. The peer average considers 13 integrated energy companies worldwide. ExxonMobil’s (XOM), Royal Dutch Shell’s (RDS.A), and Chevron’s (CVX) ratios stood at 17%, 33%, and 21%, respectively. BP’s net debt-to-adjusted EBITDA ratio was 1.4x in the first quarter, below the industry average of 1.6x.
BP’s (BP) adjusted EBIT rose from YoY (year-over-year) from $2.7 billion to $4.7 billion in the first quarter. However, higher oil prices altered its segment-wise dynamics.
Previously, we saw that BP’s (BP) major upstream projects are expected to add to BP’s hydrocarbon production this year. Let’s now look at how BP’s upstream earnings could shape up in the second quarter. BP’s upstream earnings rely on crude oil prices and hydrocarbon volumes.
BP (BP) expects six major upstream projects to start production this year, and seven major projects began production in 2017. Atoll Phase 1 has already begun production this year. The largest, Shah Deniz Stage 2, is expected to have gross peak production of 310 Mboepd (thousand barrels of oil equivalent per day).
Canada's biggest pipeline operator, Enbridge Inc (ENB.TO), said on Monday it was taking steps to address complaints from oil shipper BP PLC (BP.L) about abrupt changes it made in allocating space on its Mainline system. The company announced the policy change late last month before reversing it last week, after it caused panic among shippers and dramatically increased a discount on Canadian heavy crude.
Canada's biggest pipeline operator, Enbridge Inc, said on Monday it was taking steps to address complaints from oil shipper BP PLC about abrupt changes it made in allocating space on its Mainline system. The company announced the policy change late last month before reversing it last week, after it caused panic among shippers and dramatically increased a discount on Canadian heavy crude.
Canada's biggest pipeline operator said that it was taking steps to address complaints from oil shipper BP PLC about abrupt changes it made to allocating space on its Mainline system.
By Rod Nickel and Julie Gordon (Reuters) - Oil producer BP Plc (BP.L) complained to Canada's National Energy Board (NEB) regulator about Enbridge Inc's (ENB.TO) implementation and then abrupt reversal ...
Enbridge Inc.’s decision to implement and then scrap new rules governing Canada’s biggest export pipeline system sent crude prices on a record roller coaster move this week, earning the pipeline operator both friends and enemies. BP Plc filed a complaint this week with Canada’s National Energy Board saying Enbridge used an “unreasonable exercise of discretion” when it announced and then, 11 days later, canceled new rules governing the amount of oil that shippers were allowed to send through its Mainline system. Heavy Western Canadian Select crude prices surged by a record $12.20 a barrel relative to U.S. benchmark West Texas Intermediate futures Monday after Enbridge scrapped the rule, which was designed to stop shippers from claiming more space than they needed on the pipeline.
BHP Billiton Ltd. has received first-round bids for its U.S. shale portfolio from oil majors including BP Plc and Chevron Corp., valuing the unit at $7 billion to $9 billion, people familiar with the matter said. Royal Dutch Shell Plc, partnering with private equity firm Blackstone Group LP, also submitted a bid for the entire unit late in May, said the people, asking not to be identified because the information is private. Chevron has teamed up with another private equity firm, while BP is pursuing them alone, the people said.
From investing in solar panels to designing genetically engineered algae, the world's largest oil companies are serious about renewable energy.
Increase in profitability and industry-beating performance can be essential considerations in a stock for some investors. In this article, I will take a look at BP pl.c.’s (LSE:BP.) track recordRead More...
Oman Oil Co. is planning to sell a 10 percent stake in a key natural gas field in the sultanate amid a review of the state-owned energy producer’s options for restructuring its business, according to people with knowledge of the matter. The holding in the Khazzan gas field, which is 60 percent owned by energy giant BP Plc, could be worth about $1 billion or more, the people said, asking not to be identified as the information is private. The asset is drawing interest from Chinese, Middle Eastern and Indian companies, and Oman Oil, which owns 40 percent of the field, expects to get bids by July, the people said.
BP p.l.c. (BP) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
BP Plc made its first foray into Israel this week with a $20 million investment in quick-charging battery firm StoreDot Ltd., and is on the hunt for more opportunities there, a senior executive at the energy giant’s venture-capital arm said. With global energy demand surging, the StoreDot move is part of BP’s push into cleaner sources, even as it continues developing its traditional oil and gas businesses, David Gilmour, vice president of BP Ventures Llc, said Wednesday. “We need to understand how we can move into alternatives to hydrocarbons where they exist,” Gilmour said on the sidelines of the Ecomotion smart-mobility summit in Tel Aviv.
BP's plan to acquire StoreDot's lithium ion-based battery technology emphasizes the company's commitment toward a lower carbon future.