BP.L - BP p.l.c.
| Previous close | 489.70 |
| Open | 494.60 |
| Bid | 489.00 x 0 |
| Ask | 495.00 x 0 |
| Day's range | 488.55 - 496.05 |
| 52-week range | 5.08 - 603.20 |
| Volume | 24,033,830 |
| Avg. volume | 40,977,794 |
| Market cap | 99.933B |
| Beta (3Y monthly) | 1.36 |
| PE ratio (TTM) | 11.19 |
| EPS (TTM) | 43.80 |
| Earnings date | 29 Oct 2019 |
| Forward dividend & yield | 0.34 (6.90%) |
| Ex-dividend date | 2019-08-08 |
| 1y target est | 7.99 |
- Reuters - UK Focus
UPDATE 1-BP publishes LNG contract templates to push industry standardisation
Global oil and gas major BP has published its master sales and purchase contract templates for its liquefied natural gas (LNG) trading business and says it is the first of its peers to do so. Since the third quarter of last year, bids, offers and trades reported to pricing agency S&P Global Platts as part of its pricing process have become "significantly more homogenous with regards to the terms used," said Ciaran Roe, global director of the company's LNG division.
- Reuters - UK Focus
UPDATE 1-Rosneft says gas output at Zohr in Egypt surges to 11.3 bcm in H1
Natural gas production at Zohr, the largest gas field in the Mediterranean Sea, more than tripled in the first half this year to reach 11.3 billion cubic metres (bcm), Russian energy giant Rosneft said on Wednesday. The field is an important asset for Kremlin-controlled Rosneft in its global expansion strategy and natural gas production programme. Rosneft bought a 30% stake in the project from Italy's Eni in 2017.
- Motley Fool
The Most Amazing Quote From BP's Q2 Earnings Call
The oil and gas giant's CEO spent a lot of time on...renewables?
- Reuters - UK Focus
UPDATE 1-India's Reliance bets on tech for growth, announces stake sale to Aramco
Reliance Industries said it would launch super-fast internet in India next month, stressing that partnerships would be its path to growth as it announced a tie up with Microsoft and a stake sale in its oil unit to Saudi Aramco. The group's plans to launch fibre broadband is likely to worry rivals who are struggling to keep up with Jio, billionaire Chairman Mukesh Ambani's telco upstart, which has upended the market with its cheap data plans and become India's top mobile operator by subscribers in just three years. The tech push and the planned stake sale comes as Reliance - India's second-biggest company by market value - looks to bolster its consumer businesses and diversify from its core oil and petrochemicals operations.
- Reuters - UK Focus
UPDATE 2-Reliance to sell 20% stake in oil-to-chemicals arm to Saudi Aramco
India's Reliance Industries is set to sell a 20% stake in its oil to chemicals business to Saudi Aramco, helping the Indian conglomerate to cut debt and giving Aramco better access to a fast growing market. While terms of the deal are yet to be finalised, Reliance will get roughly $15 billion, including some debt adjustments for the 20% stake, P.M.S. Prasad, Executive Director of Reliance Industries said on Monday, adding the two companies aim to close the deal by March 2020. The deal will see Reliance buy up to 500,000 barrels a day of crude oil from Aramco, Prasad told media after the company's annual general meeting (AGM), noting this would more than double the volumes that Reliance currently purchases from Aramco.
- Motley Fool
3 Top Stocks With High Dividend Yields
When looking for the best dividend stocks, you need to look beyond the yield.
- Reuters - UK Focus
Iraq says Eni, BP deal doesn't mean Exxon excluded from southern mega-project
Iraq's oil ministry said on Saturday that it was still in talks with U.S. energy giant ExxonMobil over a major deal to improve the country's southern oil infrastructure. A deal with Britain's BP and Italy's Eni was over the building of two seabed oil pipelines for Iraq's southern exports through the Gulf, and was not part of the $53 billion 30-year southern mega-project, the ministry said. The lack of an agreement with Exxon so far did not mean negotiations were over or that Exxon has been excluded from the project, it said in a statement.
- Market Realist
Slumping Energy Stocks Post Attractive Dividend Yields
Royal Dutch Shell (RDS.A) stock has slumped 10.8% so far in Q3. Shell’s dividend yield has risen to 6.6%, the highest among its peers.
- Reuters - UK Focus
Varo Energy to raise stake in Germany's Bayernoil refining complex
European downstream firm Varo Energy said on Friday it had agreed to increase its stake in a major refining complex in Germany to up to 55% by buying shares from oil major BP. Swiss-based Varo currently holds 45 percent of the Bayernoil complex while BP holds 10%. Bayernoil consists of two plants - Vohburg and Neustadt - with a combined capacity of 220,000 barrels per day.
- Motley Fool
3 Dividend Stocks That Should Pay You the Rest of Your Life
You can count on the payouts from Apple, BP, and Hershey until the end of your days.
- Reuters - UK Focus
UPDATE 1-BP weighs shipping other products on U.S.-Canada diluent pipeline, asset purchases
BP Midstream Partners LP is considering shipping other products besides diluent on its 135,000 barrel per day Diamondback pipeline, which helps transport diluent from the United States to Canada, Chief Executive Rip Zinsmeister said on Thursday. The diluent is used in transporting heavy Canadian crude. "The heavy oil crowd is long heavy oil, so diluents will still make sense," Zinsmeister told analysts and investors on the company’s second quarter earnings call.
- Bloomberg
BP Wants to Add More Gas Stations as Indonesia Builds More Toll Roads
(Bloomberg) -- Indonesia’s PT AKR Corporindo is aiming to expand its gasoline station joint venture with BP Plc to as many as 350 outlets by 2027 to take advantage of a flurry of toll-road building across the archipelago.PT Aneka Petroindo Raya, set up by the two companies in late 2016, opened its first station last November and currently has nine outlets. The plan is to add as many as 20 to 25 stations before the end of this year and an additional 35 in 2020, said Suresh Vembu, AKR Corporindo’s business development and JV relationship director. The government’s $70 billion highway-building program will encourage Indonesians to make more long-distance car trips, he said.“You’re adding so many new cars, you’re adding more highways, people are driving,” Vembu said an interview in Jakarta on Tuesday. “Basically, the demand for gasoline in Indonesia is one of the fastest growing in the region.”President Joko Widodo, known as Jokowi, has announced plans to triple the length of Indonesia’s toll-road network to 5,400 kilometers (3,355 miles) by 2024, although there are questions about how the program will be funded. BP and AKR Corporindo are planning their expansion even as Indonesia considers a slew of incentives aimed at boosting the numbers of electric vehicles.BP expects to grow the gasoline station network together with its partner over the coming years, a spokesman for the London-based company said.The two companies are also setting up another joint venture to provide aircraft fuel, Vembu said. That business, called PT Dirgantara Petroindo Raya, will focus on serving the eastern part of the archipelago, he said.See also: BP, Reliance to Expand Partnership to Sell Transport Fuels in IndiaBP’s Indonesian initiatives are similar to what it’s doing in India, where it’s formed a joint venture with Reliance Industries Ltd. that will take over 1,400 Reliance-owned gasoline stations as well as aviation fuel operations at more than 30 airports. Meanwhile, in China, BP is focusing more on electric vehicles via a venture with Didi Chuxing Inc. to build charging infrastructure.AKR’s shares fell 1.9% as of 10:11 a.m. in Jakarta on Thursday as the Jakarta Composite Index rose 0.5%. They’re down 8.6% since Aug. 2, heading for the worst week since March, after the company reported a drop in first-half net income late last month.The Indonesian company is also focused on expanding its industrial estate business, according to Vembu. Several foreign firms have expressed interest in relocating some operations to its Java Integrated Industrial and Port Estate in Gresik, East Java, due to the deepening U.S.-China trade war, he said.PT Freeport Indonesia, a unit of PT Indonesia Asahan Aluminium and Freeport-McMoRan Inc., will develop a smelter in the business park. Industrial estates could easily make up 15% to 20% of AKR’s net income in the next three to four years, Vembu said.“We want to make the industrial estate as our recurring income source,” he said. “Roads have been laid, ports have been constructed and the power plants are already ready.” (Updates with AKR Corporindo share move in eighth paragraph.)\--With assistance from Rakteem Katakey.To contact the reporters on this story: Tassia Sipahutar in Jakarta at ssipahutar@bloomberg.net;Harry Suhartono in Jakarta at hsuhartono@bloomberg.netTo contact the editors responsible for this story: Ramsey Al-Rikabi at ralrikabi@bloomberg.net, Andrew Janes, Thomas Kutty AbrahamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters - UK Focus
India to relax rules for entry into fuel retail sector-source
India is set to relax rules for setting up fuel stations after almost two decades, in a move expected to allow companies like Saudi Aramco, Total and Trafigura to gain a foothold in a sector dominated by state-run entities. The new rules - suggested by an expert panel - mirror those in developed nations like the United States and Britain, and would allow convenience stores, shopping malls and hypermarkets to sell fuels if they are eligible, said an oil ministry source. The government panel has recommended allowing marketing rights for sale of gasoil, gasoline and aviation fuel to companies with a net worth of 2.5 billion rupees.
- Market Realist
Do Analysts Like Energy Sector Stocks Post-Q2?
Energy sector players ExxonMobil, Chevron, Royal Dutch Shell, and BP saw their earnings fall year-over-year in the second quarter.
- Reuters - UK Focus
UPDATE 1-BP to enter India's fuel retail market with Reliance tie-up
NEW DELHI/LONDON, Aug 6 (Reuters) - Global oil major BP is deepening its ties with Indian conglomerate Reliance Industries by forging a fuel retailing joint venture to capitalise on rising demand in Asia's third-biggest economy. BP will own a 49% stake in its new Indian joint venture, with the rest held by Reliance, operator of the world's biggest refining complex. In 2011 BP acquired a 30% stake from Reliance in some of its exploration blocks and formed a gas sourcing and marketing tie-up.
- Reuters - UK Focus
Azerbaijan targets petrochemicals in push to reduce reliance on oil and gas
Azerbaijan is betting on petrochemicals investment to diversify its oil and gas-dependent economy, industry and government officals told Reuters. Plummeting global oil prices five years ago sent the former Soviet energy producer's economy into decline, devalued its currency and led to bankruptcies among its commercial banks. Construction has been completed on three new petrochemical plants in Azerbaijan over the past 12 months.
- Reuters - UK Focus
BP continues Asia push with Reliance refined product joint venture
British energy group BP is deepening its ties with Indian industrial company Reliance with a new joint venture for retail service stations and aviation fuel distribution across India, BP said on Tuesday. Reliance will own 51% of the new entity. The two companies expect the deal to close in the first half of next year and to benefit from Reliance's huge Jamnagar refining complex.
- Market Realist
Energy Sector Stocks Fell: XOM, CVX, RDS.A, and BP
Energy sector stocks including ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) are getting hit twice.
- Reuters - UK Focus
UPDATE 2-FTSE 100 falls for 6th straight day on U.S.-China trade spat
London's FTSE 100 closed sharply lower on Tuesday, its sixth straight session in the red, bringing its losses to more than 5% since U.S. President Donald Trump announced more tariffs on Chinese exports, while poor results sent Rolls-Royce tumbling. The FTSE 100, which suffered its worst day this year in the last session, lost 0.7% to end the session below its 200-day moving average - seen as a technical support level - for the first time since late May.
- Fool.co.uk
Why the BP share price and 6.4% yield make it my bargain of the FTSE 100
The falling FTSE 100 (INDEXFTSE: UKX) could be good news for BP plc (LON: BP) buyers, says Roland Head.
- Reuters - UK Focus
Kosmos Energy sees Mauritania, Senegal deal by year-end
Oil and gas explorer Kosmos Energy expects to have agreed by the end of this year to sell down its stake in projects off the coast of Mauritania and Senegal in which it partners with BP, Kosmos said on Monday. In December, BP and its partners gave the green light for the development of the large Greater Tortue Ahmeyim gas project off the coast of Mauritania and Senegal, a first for the two West African nations. Kosmos has a 30% stake in Senegal and 28% in Mauritania.
- Motley Fool
Better Buy: Exxon Mobil vs. BP
There's no question that BP has turned an important corner since the Deep Water Horizon oil spill, but don't count Exxon out just yet.
- Simply Wall St.
Why You Should Leave BP p.l.c. (LON:BP.)'s Upcoming Dividend On The Shelf
BP p.l.c. (LON:BP.) is about to trade ex-dividend in the next 3 days. This means that investors who purchase shares on...
