BP - BP p.l.c.

NYSE - NYSE Delayed Price. Currency in USD
41.08
+0.64 (+1.58%)
At close: 4:00PM EDT

41.06 -0.02 (-0.05%)
After hours: 6:58PM EDT

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Previous Close40.44
Open40.93
Bid41.06 x 2900
Ask41.07 x 1000
Day's Range40.87 - 41.28
52 Week Range36.28 - 47.25
Volume4,024,428
Avg. Volume4,841,004
Market Cap144.74B
Beta (3Y Monthly)0.56
PE Ratio (TTM)14.03
EPS (TTM)2.93
Earnings DateN/A
Forward Dividend & Yield2.46 (6.04%)
Ex-Dividend Date2019-05-09
1y Target Est50.18
Trade prices are not sourced from all markets
  • MoneyShow15 hours ago

    Perry's Picks for an Energy Portfolio

    Clearly, the sharp drop in Treasury yields of late pulled the Fed into the spotlight as the bond market dictates to the Fed and not the other way around. Leave no doubt -- short-term interest rates are coming down, observes Bryan Perry, editor of Cash Machine.

  • Reuters16 hours ago

    FOCUS-From gas in Russia to China-bound plastics, Austria's OMV shifts focus for growth

    After years of largely banking on low-cost Russia for growth, OMV is shifting attention towards the Middle East as its chemist chief executive chases his vision of making the Austrian oil and gas group a major supplier of plastics. OMV boss Rainer Seele has spent more than 4 billion euros ($4.5 billion) - 40% of the group's M&A budget until 2025 - for oil and gas concessions in the region, a 15% stake in Abu Dhabi National Oil Co's (ADNOC) refining business and a to-be-formed trading joint venture with ADNOC and Italy's Eni. "We want to have a fully integrated business model in Abu Dhabi - from the well via the refinery and the petrochemicals all the way to marketing and trade in international markets," the chief of Austria's second-largest listed company told shareholders last month.

  • BP Stock Has Fallen 0.7% but Outperformed Total and Suncor
    Market Realist2 days ago

    BP Stock Has Fallen 0.7% but Outperformed Total and Suncor

    BP (BP) stock has fallen 0.7% in the past month since May 13. Total (TOT) and Suncor Energy (SU) stock have fallen by 0.8% and 2.9%, respectively.

  • Benzinga2 days ago

    Single-Use Plastics Bans: A Risk For The Petchem Industry

    The growing movement to end plastic pollution and ban single-use plastics poses a significant risk to the petroleum and petrochemical industries. The International Energy Agency estimates that the petrochemical industry will account for one third of global oil demand growth to 2030, about 3.2 million barrels per day. Last Monday, June 10, Canadian Prime Minister Justin Trudeau declared his intention to ban single-use plastics in Canada as early as 2021.

  • U.S. Oil Demand Was Scorching Hot Last Year -- but Gas-Guzzling SUVs Aren’t to Blame
    Motley Fool4 days ago

    U.S. Oil Demand Was Scorching Hot Last Year -- but Gas-Guzzling SUVs Aren’t to Blame

    America consumed 2.5% more crude in 2018 than in 2017, and you might be surprised where that extra oil wound up.

  • Here’s What Hedge Funds Think About BP plc  (BP)
    Insider Monkey5 days ago

    Here’s What Hedge Funds Think About BP plc (BP)

    Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]

  • ExxonMobil, SABIC Eyes Texas Petrochemical Unit Construction
    Zacks5 days ago

    ExxonMobil, SABIC Eyes Texas Petrochemical Unit Construction

    ExxonMobil (XOM) expects the construction of new petrochemical complex in Texas to commence in third-quarter 2019.

  • Reuters5 days ago

    Carbon pricing "essential" to stem global warming, pope tells energy leaders

    Pope Francis said on Friday that carbon pricing, used by many governments to make energy consumers pay for the costs of burning fossil fuels, was "essential" to stem climate change. The comment, the Pope's clearest statement to date on the issue, was made in an address to leaders of the world's top energy companies at the end of a two-day meeting.

  • TOTAL in Talks, Might Buy 30% of Adani Gas for $800M
    Zacks5 days ago

    TOTAL in Talks, Might Buy 30% of Adani Gas for $800M

    Per a media report, TOTAL (TOT) might acquire 30% interest in Adani Gas, and benefit from rising demand of natural gas in India.

  • BP (BP) Gains But Lags Market: What You Should Know
    Zacks6 days ago

    BP (BP) Gains But Lags Market: What You Should Know

    BP (BP) closed at $41.23 in the latest trading session, marking a +0.4% move from the prior day.

  • BP Is Burning a Lot of Gas in Permian as Output Exceeds Pipe
    Bloomberg7 days ago

    BP Is Burning a Lot of Gas in Permian as Output Exceeds Pipe

    The BHP assets burn or vent just over 15% of the gas they produce, the second most in the Permian, according to Rystad Energy, an Oslo-based consultant. For BP to attain its self-stated goal of reducing flaring globally, the company may be forced to put some drilling on hold while it waits for more pipelines to be built, according to Artem Abramov, head of shale research at Rystad.

  • Oilprice.com7 days ago

    Extreme Weather Could Send Global Energy Demand To Record High

    BP’s chief economist sees extreme weather as one of the reasons that global energy demand and emissions are growing at growing at a fast pace

  • Total Stock Down Just 2% in Q2: What’s the Story?
    Market Realist7 days ago

    Total Stock Down Just 2% in Q2: What’s the Story?

    In the second quarter, Total (TOT) stock has fallen 2% due to lower oil prices. WTI has fallen 11%.

  • Oil’s 2019 Weakness Has Roots in 2018’s Strength
    Bloomberg7 days ago

    Oil’s 2019 Weakness Has Roots in 2018’s Strength

    (Bloomberg Opinion) -- Oil has a demand problem. You can see it, most obviously, in headline crude oil prices, which slumped again Wednesday morning. You can see it in Asian refining margins and physical premia. You can see it in Saudi Arabia’s efforts to maintain supply cuts, rapidly turning into an oily version of Dylan’s Never Ending Tour.You can also see it in some historical figures in BP Plc’s Statistical Review of World Energy, the annual data bible that dropped on Tuesday. Looking at numbers for 2018 and prior years might seem superfluous to judging what’s happening in 2019. Moreover, the headline growth figure for 2018 of 1.4 million barrels a day, or 1.5%, is pretty robust. Its fragility lies beneath.BP breaks out figures for almost 80 individual countries, but only three really counted last year:That just three countries can pull global demand along may seem comforting to oil bulls. But it’s a narrow group to rely on, especially when two members are engaged in a trade war. Manufacturing indicators have weakened for all three in recent months, and vehicle sales have been particularly bad in India and China. Meanwhile, the U.S., which reports the most timely and transparent data on oil flows, reported another increase in inventories Wednesday – and that follows an extraordinary build-up in stocks of crude and refined products in May.In light of all that, it should worry oil bulls that demand growth across the rest of the world altogether vanished in 2018 – especially as global economic growth is forecast to be slower this year, partly because of that trade war, and the tailwind of exceptionally low fuel prices that prevailed in 2016 and much of 2017 is behind us.The other important aspect revealed in the Statistical Review concerns the types of oil being consumed. BP highlighted the increased importance of lighter liquids such as naphtha and ethane related to petrochemicals in the overall mix. You can see this in the chart below, where “other light distillates” and “other” liquids accounted for 54% of net growth in demand last year. Notice, too, what happened to gasoline and diesel.Naphtha prices have weakened considerably in Asia, along with gasoline. This is partly a function of Chinese refiners staying busy and taking advantage of looser export controls to dump excess products elsewhere in the region (something energy economist Philip Verleger has highlighted in several recent reports centered on the collapse in Singapore refining margins). Naphtha competes with natural gas liquids, and supply of the latter has also surged, largely as a by-product of the shale boom. The U.S., accounting for almost 40% of production, is the OPEC of natural gas liquids – apart from the crucial distinction that it shows no inclination to cut supply despite prices having slumped to their lowest level in more than two years:The thing about excess supply, though, is that it also suggests deficient demand. Coming amid weaker economic data, reliance on petrochemical demand represents a big risk for oil markets this year. It’s worth looking again at the BP data, which show that output from refineries actually increased by less than a million barrels a day in 2018, which also reflects the rising share of lighter liquids. Crude oil demand is ultimately a function of what refiners want to buy and process – they’re the direct customers, not you and me.As I wrote here, after a relatively weak first half, oil bulls’ hopes for 2019 rest largely on the usual seasonal upswing in refining runs in the third quarter. Yet the economic, inventory, and ultimately pricing indicators put that at risk. The International Energy Agency has been slow to cut demand forecasts, finally trimming them last month by a mere 90,000 barrels a day to 1.3 million a day. The IEA will update those later this week, and it will be surprising indeed if another cut isn’t forthcoming. After all, we now know the warning signs have been there since at least last year.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • U.K. Pledge for Net Zero Fossil Fuel Pollution Is a First for G7
    Bloomberg7 days ago

    U.K. Pledge for Net Zero Fossil Fuel Pollution Is a First for G7

    Prime Minister Theresa May said legislation to wipe out the U.K.’s net contribution to rising global temperatures will be put to members of Parliament, endorsing a report from advisers that laid out what a carbon neutral future would have to look like. The radical move recommended by the government’s climate-change adviser has won backing from across the political spectrum even as debate about leaving the European Union roiled U.K. lawmakers. Urgency is building around efforts to contain an increase in global temperatures.

  • BP’s Earnings Are Expected to Fall 8% in 2019
    Market Realist8 days ago

    BP’s Earnings Are Expected to Fall 8% in 2019

    Which Integrated Energy Companies' Earnings Could Jump in 2019?(Continued from Prior Part)BP’s earnings estimateBP (BP) is a British integrated energy company with downstream, upstream, and Rosneft segments. BP’s earnings are expected to fall 8%

  • Which Integrated Energy Companies’ Earnings Could Jump in 2019?
    Market Realist8 days ago

    Which Integrated Energy Companies’ Earnings Could Jump in 2019?

    Let's rank integrated energy stocks based on their estimated earnings growth. We'll also assess their valuations and dividend yields.

  • Oilprice.com8 days ago

    BP: Petrochemicals Drive U.S. Oil Demand Boom

    The United States saw its crude oil and liquids demand jump in 2018 at its fastest pace in over a decade on the back of growing petrochemical plant capacity that uses increased volumes of ethane from shale, according to BP

  • Erratic weather boosts energy demand, denting climate goals: BP
    Reuters8 days ago

    Erratic weather boosts energy demand, denting climate goals: BP

    Extreme temperatures around the globe drove a sharp acceleration in energy demand and carbon emissions last year, oil giant BP said on Tuesday, issuing a stark warning that the world risks losing the battle against climate change. The 2.9% rise in energy demand in 2018, the fastest rate since 2010, deals a blow to global efforts to meet the 2015 U.N.-backed Paris climate agreement to limit global warming by sharply reducing carbon emissions by the end of the century.

  • BP raises Saudi oil reserves 12% in first big change in 30 years
    Reuters8 days ago

    BP raises Saudi oil reserves 12% in first big change in 30 years

    BP has raised estimates for Saudi Arabia's crude oil reserves by 12%, marking the first major change to the country's estimated reserves since 1989. In its benchmark 2019 Statistical Review of World Energy, BP recalibrated some Saudi gas reserves as oil, allowing Riyadh to close in on Venezuela's top spot as the world's largest reserves holder. BP said Saudi Arabia's proved oil reserves were revised to 297.7 billion barrels at the end of 2018 from 266.2 billion a year earlier, only slightly behind 303 billion in Venezuela.

  • Reuters8 days ago

    Erratic weather boosts energy demand, denting climate goals -BP

    Extreme temperatures around the globe drove a sharp acceleration in energy demand and carbon emissions last year, oil giant BP said on Tuesday, issuing a stark warning that the world risks losing the battle against climate change. The 2.9% rise in energy demand in 2018, the fastest rate since 2010, deals a blow to global efforts to meet the 2015 U.N.-backed Paris climate agreement to limit global warming by sharply reducing carbon emissions by the end of the century.

  • Bloomberg8 days ago

    Electric Scooter Revs Up in Five Minutes With StoreDot Battery

    “This is showing the world that we can break the barrier of fast charging, and what was considered impossible is actually possible,” said StoreDot Chief Executive Officer Doron Myersdorf, whose company will begin selling five-minute chargers for mobile phones in the second half of 2020. The Herzliya, Israel-based company plans to put its scooter batteries on the market in 2021, when it has scheduled its next proof of concept -- revving up a Mercedes for a 300-mile drive in five minutes flat, instead of the several hours it takes to charge the car now. The automobile battery will need 10 times as many power cells as the scooter battery, and an even more efficient way of cooling while in use, Myersdorf said.

  • This New Deal with Russia Makes Alibaba Stock Look Even Better
    InvestorPlace8 days ago

    This New Deal with Russia Makes Alibaba Stock Look Even Better

    Back in September, Alibaba (NYSE:BABA) announced a joint venture in Russia called AliExpress Russia JV. It now is a done deal. The question is how it might affect Alibaba stock.Source: Charles Chan Via FlickrSo let's take a look at the details: The company, along with the Russia sovereign wealth fund (RDIF), each agreed to invest $100 million and MegaFon (Russia's second largest mobile operator) will sell its 9.97% equity stake in Mail.RU to Alibaba for a 24.3% in the JV.Then Mail.ru will transfer its Pandao ecommerce business and $182 million for a 15% position. By doing this, the JV will have sufficient cash resources but also access to key technology assets and distribution, with access to about 77 million subscribers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dark Horse Stocks Winning the Race in 2019 Here's what the CEO of Alibaba, Daniel Zhang, said about the deal:"This partnership will enable the AliExpress Russia JV to accelerate the development of the digital consumer economy of Russia and CIS countries in ways that no one party could accomplish alone. Together, we are uniquely positioned to offer consumers in Russia and neighbouring countries an innovative shopping experience by combining social platforms with commerce, as well as enabling regional brands and SMEs to sell their products locally and globally. Alibaba's mission is to make it easy to do business anywhere. This JV is an important part of Alibaba's international expansion and step toward our goal of supporting 10 million small businesses reach profitability and serving 2 billion consumers around the world."It's true that Russia can be a risky market. Let's face it, the government has a history of periodic interventions, which have resulted in losses for foreign partners. Just look at the challenges that companies like Exxon Mobil (NYSE:XOM) and BP (NYSE:BP) have had to deal with.But then again, China is a tough market to navigate as well. And for the most part, Alibaba has thrived.Interestingly enough, the U.S.-China tensions may push China toward different alliances, such as with Russia. This would certainly make it more amenable for arrangements like AliExpress Russia JV.Something else to consider: It will get tough for BABA to keep up the growth in its ecommerce segment in the years ahead. While China still has lots of upside, this will likely come from smaller cities, which could be more difficult to monetize. In other words, BABA has little choice but to look at global expansion, even in riskier countries. Bottom Line on Alibaba StockIn the meantime, Alibaba's business is running on all cylinders. For the fiscal year ended March 31, revenues soared by 51% to $56.2 billion and net cash flows came to a hefty $22.5 billion.Although, this should not be much of a surprise as the company has a dominant platform. Note that the retail marketplaces have 654 million annual active consumers and there are 721 Mobile MAUs (Monthly Active Users).But of course, Alibaba stock is more than just about ecommerce. The cloud business, for example, continues to see much traction. During the latest quarter, the revenues for this segment jumped by 76% to $1.15 billion. In fact, BABA is the clear leader in the Chinese market. And as seen with Amazon.com (NASDAQ:AMZN), the cloud business can produce juicy margins.Alibaba stock is also trading at an attractive valuation, with the forward price-to-earnings multiple of about 24X, which is at a steep discount to the growth rate. It is also cheaper on a relative basis to other Chinese ecommerce operators, like JD.com (NYSE:JD), that is trading at 28X and is growing at a slower pace.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher Compare Brokers The post This New Deal with Russia Makes Alibaba Stock Look Even Better appeared first on InvestorPlace.