|Bid||548.40 x N/A|
|Ask||548.30 x N/A|
|Day's range||542.00 - 551.10|
|52-week range||481.35 - 603.20|
|Beta (3Y monthly)||1.56|
|PE ratio (TTM)||11.24|
|Earnings date||30 Jul 2019|
|Forward dividend & yield||0.32 (5.96%)|
|1y target est||7.99|
London's FTSE 100 swiftly climbed to a session high as its international stocks got a lift from a hit to sterling after the Bank of England cut its economic growth forecast, adding on to earlier cheer that was brought on by the Fed's softer stance. The FTSE 100 index was up 0.7% with BP and Shell both up more than 1% after Middle East tensions drove crude prices higher, while the FTSE midcap index was up 1% at its highest in a month by 1154 GMT.
A BP drilling rig reached its destination in the North Sea on Wednesday after 11 days of delays due to Greenpeace protests over climate change, the activist group said. The 40,000 tonne Paul Loyd JNR left Cromarty Firth, north of Inverness, Scotland last Friday, after being held for six days by activists who had climbed and camped out on one of its legs. Once at sea, the rig and its support vessels were forced to turn away three times after Greenpeace's Arctic Sunrise ship prevented it from reaching the Vorlich oilfield to start its drilling campaign.
Norwegian oil firm Okea predicts all oil majors, except Norway's Equinor, will leave the Norwegian continental shelf in 10 years, opening up opportunities for smaller, independent firms, its chief executive said on Tuesday. The British and Norwegian sections of the North Sea, where production started in the 1960s and 1970s, have seen an exodus of oil majors as some fields mature or dry up and as they focus on larger offshore developments elsewhere.
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.
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.
A BP drilling rig heading to an oilfield in the British North Sea has been forced to turn away twice over the past two days as a Greenpeace vessel protesting climate change tries to hamper its progress. The high-sea chase is the latest step in Greenpeace's nine-day effort to stop the 40,000 tonne Paul Loyd JNR rig from reaching the Vorlich oilfield to start its drilling campaign. The Paul Loyd JNR is currently heading west towards Peterhead and away from the Vorlich field, according to Greenpeace and www.marinetraffic.com ship tracking website.
These two FTSE 100 (INDEXFTSE:UKX) dividend stocks could deliver impressive income and capital growth, in Peter Stephens' opinion.
America consumed 2.5% more crude in 2018 than in 2017, and you might be surprised where that extra oil wound up.
Senegalese riot police fired tear gas and detained more than 20 people on Friday at an unsanctioned protest in Dakar over a BBC report of allegations the president's brother was involved in fraud related to two offshore gas blocks developed by BP PLC. Prosecutors have said they will open an investigation following the publication of the BBC report earlier in June. The report has caused public outcry and cast a shadow over Senegal's energy plans years before the first oil and gas starts flowing.
Pope Francis said on Friday that carbon pricing is "essential" to stem global warming - his clearest statement yet in support of penalising polluters - and appealed to climate change deniers to listen to science. In an address to energy executives at the end of a two-day meeting, he also called for "open, transparent, science-based and standardised" reporting of climate risk and a "radical energy transition" away from carbon to save the planet. Carbon pricing, via taxes or emissions trading schemes, is used by many governments to make energy consumers pay for the costs of using the fossil fuels that contribute to global warming, and to spur investment in low-carbon technology.
Greenpeace activists climbed back on a drilling rig on Friday to keep it from heading to a BP oilfield in the British North Sea, hours after police removed protesters who had boarded the vessel days earlier. On Thursday night police removed and arrested two Greenpeace activists who had spent over 70 hours blocking the rig from leaving Cromarty Firth, north of Inverness, Scotland, Greenpeace said in a statement. "We can’t give up and let oil giants carry on with business as usual because that means giving up on a habitable planet and our kids’ future," said Greenpeace UK’s executive director, John Sauven.
* STOXX 600 turns positive, up 0.2% * Oil stocks get boost from crude price spike on oil tanker attack * 1&1 Drillisch jumps 7% after buying first ever 5G spectrum * Ferguson climbs 6.1% after Trian Investors take stake * Aurubis hits Oct. 2014 lows on profit warning, CEO exit June 13 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market moves: email@example.com SUPPLY SHOCK SHAKES UP OIL MARKET FOCUSED ON SLUGGISH DEMAND (1048 GMT) Oil stocks got a boost this morning from a sharp jump in crude prices after two oil tankers were struck in suspected attacks in the Gulf of Oman.
Investing.com - Oil prices surged on Thursday as suspected attacks on tankers in the Gulf of Oman eclipsed the fact that OPEC cut its forecast for global demand and recognized “significant downside risks”.
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.
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
You can see it, most obviously, in headline crude oil prices, which slumped again Wednesday morning. Coming amid weaker economic data, reliance on petrochemical demand represents a big risk for oil markets this year.