40.64 +0.01 (0.02%)
After hours: 4:15PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||40.60 - 40.85|
|52 Week Range||33.10 - 41.55|
|PE Ratio (TTM)||34.55|
|Forward Dividend & Yield||2.40 (5.90%)|
|1y Target Est||40.61|
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.
BP plc announces plans to build a new lubricants blending plant in China, which will be the company's third facility of this type in the country.
BP plc (LSE:BP.) is trading with a trailing P/E of 33.6x, which is higher than the industry average of 13.6x. While BP. might seem like a stock to avoid orRead More...
BP plc (ADR) (NYSE: BP) stock is up 7.2% year-to-date. According to Nasdaq, oil prices are slightly up in 2017, while natural gas prices are down. Rising oil prices help all of the four oil supermajors, but some boats have been lifted higher than others. Leading the pack is Royal Dutch Shell plc (ADR) (NYSE:RDS.A, NYSE:RDS.B), up 17.91% year-to-date, followed by BP stock.
There are lots of reasons BP stock isn’t for me. It’s a similar argument to the one I’ve made about Exxon Mobil Corporation (NYSE:XOM): the internal hedge between upstream and downstream operations keeps the stock from having much in the way of upside. Were I to make a bullish bet on oil in particular, I’d much rather own a stock like Chesapeake Energy Corporation (NYSE:CHK) or just buy oil ETFs or futures directly.
With much of the focus on the United States and OPEC, these mid-sized Non-OPEC producers have the potential to make waves in the market
A recently discovered gas field in Egypt is on track to begin production by the start of next year, which should quickly ease the country’s reliance on energy imports