|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||30.95 - 31.24|
|52 Week Range||26.15 - 34.62|
|PE Ratio (TTM)||164.21|
|Dividend & Yield||1.88 (6.04%)|
|1y Target Est||N/A|
Mozambique's government plans to set up a sovereign investment fund where taxes paid on sales of the country's minerals will be used to finance development projects, state-run AIM news agency said on Monday quoting the finance minister. Minister of Economy and Finance Adriano Maleiane said the new fund would have capital gains taxes paid on the sales of shares in the country's mineral resources as the main source of funding. AIM reported that the first money to go into the fund would likely be the $350 million in capital gains tax to be paid on the sale by Italian energy company ENI to the U.S. oil and gas giant ExxonMobil.
Over the past year, the correlation coefficient of BP with WTI comes in at 0.57, which shows that the stock has changed in line with WTI prices—to some degree.