Company
BP PLC
LON:BP
BP is one of the world's largest oil and gas companies with operations in more than 100 countries across six continents. The company's main businesses are exploration and production of oil and gas; refining, manufacturing and marketing of oil products and petrochemicals; transportation and marketing of natural gas; and BP Alternative Energy, a growing business in renewable and low-carbon power and next generation energy technologies.
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BP and Shell still City favourites despite climate brickbats
2023 could see the highest fee cash flow in the sector for at least three decades.
FIVE at FIVE: Shell’s all-time high; Manchester United plummets; FTSE 100 up; M&S Xmas recruitments; Taylor Swift smashes records
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
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FIVE at FIVE: Oil heads to US$100; Kingfisher slumps; Ocado accelerates; BP's first female C-suiter; FTSE 100
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
BP needs female CEO, fewer pastels and to refocus on oil, says analyst
CEO departure has given BP "three major opportunities"
Looney departs BP with no great drama in the City
“He leaves the company in a strong financial position and with a clear strategic direction"
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FTSE 100 Live: Stocks close little changed after weak growth figures
At the close, London's lead index was down 1.54 points at 7,525.99 while the FTSE 250 rose 19.20, 0.1%, at 18,561.50
BP worth double suggests Barclays ahead of capital markets day
BP can grow dividends by 10% a year to 2025
BP not deliberately depressing profits says analyst
BP reported an 80% drop in second-quarter profit on Tuesday morning
BP investors coming to terms with new transition plan – Citi
BP's second transition plan carries less risk, according to Citi analysts
Oil cuts won't dramatically hit pumps just yet - analysts
Oil production cuts should not dramatically hit the pumps just yet, according to analysts
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FTSE 100 fades at the close as oil drops from intraday highs
The FTSE 100 finished the day nearly where it started, closing 0.1% lower at 7,600 points
BP facing growing pressure over watered-down climate targets
Shareholders will vote on whether BP should cut emissions in half by 2030 on Thursday
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FTSE 100 closes flat in muted start to the week
At the close, the FTSE 100 was right back where it began the day, finishing off at 7,912 points
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FTSE 100 settles below 7,800 mark after Easter break
The FTSE 100 closed at 7,786 points for a very respectable 0.6% gain on the day
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FTSE 100 closes lower as stronger pound adds pressure; Wall Street extends losses
The FTSE 100 shed 0.5% to 7,634 as a stronger pound weighed on firms with large exposure to offshore earnings
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FTSE 100 closes higher as Opec+ production cut boosts energy stocks
The FTSE 100 ended 0.5% higher at 7,673 after Opec+ surprised the market with additional production cuts, boosting energy firms
Crude to get boost as refining capacity surges, suggests RBC
More capacity is coming on stream in the next two years than in any similar period over the previous four and half decades
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Offshore workers call for public ownership of energy assets to stem profits and for ‘public good’
Over a thousand UK offshore oil and gas workers have backed a host of changes to the industry, including public ownership of rigs
FIVE at FIVE: FTSE breaks record again, Argo mines more BTC, BP’s buybacks and Aviva a top pick…
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Archive
FIVE at FIVE: What next for BP; Firms go big on buybacks, FTSE100 finishes ahead, Royal Mail hacked; Google's ChatGPT killer
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Archive
FTSE 100 finishes ahead as Wall Street braces for Fed chair comments
At the close, the FTSE 100 had pulled ahead to finish 0.4% higher at 7,865 points
BP's bumper profits set to stoke windfall tax furore
Consensus forecasts are for BP to nearly double its underlying replacement cost profit to $27.8bn
BP cuts oil demand forecasts as clean energy investments soar
BP suggested the Ukraine war has pushed countries to up investment in renewables, as it cut its long-term oil demand forecasts
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UK EV charging network miles behind 2030 target suggests new data
Roughly 37,500 charging points will now have to be built annually for the UK to meet a target of 300,000 units by 2030
Shell and BP to be winners from favourable long-term energy trends - JPM
Energy stocks provide a long-term opportunity say JP Morgan brokers, despite the likelihood of short-term market corrections
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FTSE 100 closes on a positive note as equities stabilise
Oil stocks and other equities supported the FTSE 100 in closing higher on Monday
BP and M&S deal to boost UK EV charging infrastructure
BP and M&S have announced a deal that will see 900 EV charging points installed across the UK
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FTSE 100 closes a shade lower as strong US jobs report hits equities
Footsie finished the final session of the week down around two points, or 0.03%, at 7,556
BP upgraded to 'buy' as Citi upbeat on oil stocks
“History says energy equities usually perform well in an earnings recession," the US bank's analysts said
BP to explore hydrogen projects in Mauritania - COP27
BP to start exploring the potential for large-scale green hydrogen production in Mauritania
BP can get buy backs above US$3bn in fourth quarter, says broker
Investors may be a little too disappointed by BP's third-quarter buyback news according to Jefferies' analysts
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Shell, BP and Aviva top buy-back list as FTSE 100 looks set to break record
FTSE 100 companies are set to post a record breaking total of share buy-backs in 2022 with oil giants, Shell and BP leading the way.
BP's third quarter driven by strong gas trading; UBS retains 'buy'
The oil giant reported net income of $8.2bn, 33% above the market consensus of $6.1bn and ahead of the Swiss bank’s forecast of $5.8bn
BP profits lead to calls for bigger windfall tax
Friends of the Earth said the government must "act on the excessive profits that fossil fuel firms like BP are raking in"
BP reports bumper profits and another buy-back
A further US$2.5bn share buy-back was announced after BP said it had generated surplus cash flow of US$3.5bn in the quarter, taking buy-backs for the year to US$8.5bn
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FTSE 100 closes near five-week high on boost from a resurgent commodity sector
By the closing bell, the FTSE had gained 1.3% to finish at 7,186 points
Tuesdays agenda: Pfizer's Covid clean-up could see record revenues
Tomorrow sees updates from biotech giant Pfizer, third-quarter results from BP and Rentokill updates.
Week ahead: BP, BT, GSK and Rolls in spotlight, along with Fed and BoE rate decisions
Among US earnings reports over the week are Airbnb, AMD, Coinbase, Illumina, Moderna, Pfizer, PayPal, Robinhood, Starbucks, Uber and Virgin Galactic
Can BP keep up shareholder returns to match Shell?
BP will report on Tuesday, after oil prices fell almost 25% since June
BP’s move to buy Archaea signals beginning of accelerating M&A in the renewable energy sector
Conditions are ripe for more M&A activity in the sustainable energy sector, as equities in the sector suffered big drawdowns in 2022, Canaccord said in reaction to the energy giant's $4.1 billion bid for the renewable natural gas company
BP to supply green hydrogen to UK low-carbon lithium processor
More than 700GW of electric car battery gigafactories are planned for construction across Europe, which will require over 325,000 tonnes of lithium hydroxide and 325,000 tonnes of lithium carbonate per year
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FTSE 100 closes a shade ahead as all eyes on plunging pound
Britain's blue-chip benchmark finished up around two points, or 0.03% at 7,020.95
Latin America oil groups send global dividends to new high
Oil firms Petrobras in Brazil and Ecopetrol in Colombia drove the surge in payouts
UK imports from Russia fall to record low in June, ONS says
For the first time since records began the UK did not import fuels from Russia
BP and Lightsource venture set to become the largest solar developer in Australia this year
The international solar business is set to reach financial close later this year on the Wellington North and Wunghnu solar farms at a cost of A$800mln
BP drills appraisal well in Texas for carbon capture and storage
BP and Linde's large carbon-capture-and-storage project is scheduled to open in 2026, and will initially focus on making blue hydrogen from natural gas
So BP is making a lot of money (not a think piece)
Investors can expect a lot of think pieces about BP and Shell, this is not one of them.