|Bid||570.90 x 330000|
|Ask||571.10 x 350000|
|Day's range||569.50 - 578.03|
|52-week range||4.80 - 593.30|
|PE ratio (TTM)||25.84|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Jun.18 -- Spencer Dale, BP Plc chief economist, discusses the outlook for OPEC production and the energy market with Bloomberg's Alix Steel on "Bloomberg Markets."
BP p.l.c. (BP) could be an interesting play for investors as it is seeing solid earnings estimate revision in addition to having a robust industry rank.
PLC project deep in Oman’s desert shows how big-oil companies are taking hydraulic-fracturing techniques perfected in Texas to the global stage, where they had long struggled. BP’s $12 billion Khazzan project launched last year on a complex roughly the size of London, surrounded by sand dunes and little else. One of the biggest fracking projects ever completed outside the U.S., Khazzan produces natural gas from rock so dense and deep beneath the desert that it was long thought too difficult and expensive to exploit.
Now, we’ll look at analyst ratings for BP (BP). BP marks the start of the bottom order, where the “buy” ratings assigned by analysts fall below 50.0%. The other two stocks in the bottom order include Petrobras (PBR) and ExxonMobil (XOM). Let’s look at the analysts’ ratings for BP.
Major U.S. energy companies including Plains All American Pipeline (PAA.N), Hess Corp (HES.N) and Kinder Morgan Inc (KMI.N) are among many seeking exemptions from steel-import tariffs as the United States ratchets up trade tensions with exporters including China, Canada and Mexico. There have been nearly 21,000 requests overall for exclusions submitted to the U.S. Commerce Department since the Trump administration imposed levies this year. Initial decisions are expected this month, offering the first clues as to how the administration will balance an agenda favouring oil and gas exports while also supporting the U.S. steel and aluminium industries.
Spencer Dale, BP Plc chief economist, discusses the outlook for OPEC production and the energy market with Bloomberg's Alix Steel on "Bloomberg Markets." (Source: Bloomberg)
Britain's top stock index dipped on Monday as trade tensions between the United States and China kept the pressure on equity markets across Europe, weighing on multinational companies. The FTSE 100 fell 0.03 percent to its lowest since May 30 but substantially outperformed other European stock markets. Strong energy stocks underpinned the FTSE 100, while a weaker pound also boosted the index's mainly exporting companies.
Britain's top stock index dipped on Monday as trade tensions between the United States and China kept the pressure on equity markets across Europe, weighing on multinational companies. The FTSE 100 fell ...
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market ...
LONDON (Reuters) - - UK-based Lightsource BP, Europe's biggest solar energy developer, has completed its first big solar project in India, it said on Monday. - The project in the Indian state of Maharashtra ...
* UK-based Lightsource BP, Europe's biggest solar energy developer, has completed its first big solar project in India, it said on Monday. * The project in the Indian state of Maharashtra can generate ...
Non-OECD markets are one of the biggest drivers of oil demand in 2018, but quickly rising oil prices are about to impact demand growth in these markets
Azeri gas exports from the first stage of its giant Shah Deniz field fell by 5.2 percent to 3.031 billion cubic metres (bcm) in the first five months of this year compared with the same period in 2017, the State Statistics Committee said on Friday. Gas from Shah Deniz I is exported through the South Caucasus pipeline. Export volumes from Shah Deniz I operated by an international consortium led by BP were 7.314 bcm in 2017.
Azeri oil exports through the Baku-Tbilisi-Ceyhan pipeline via Georgia and Turkey rose by 0.4 percent to 13.743 million tonnes in the first five months of this year versus the same period in 2017, the ...
BP (BP.L) does not yet foresee a shortfall in oil supplies in the coming years due to a fall in investments across the sector, the company's Chief Financial Officer Brian Gilvary said on Thursday. Although investment in new oil and gas projects more than halved following the collapse of oil prices in 2014, U.S. shale oil production has surged in recent years as drillers adapted. The U.S. output growth helped offset production cuts by OPEC and several major producing countries since 2017.
BP does not yet foresee a shortfall in oil supplies in the coming years due to a fall in investments across the sector, the company's Chief Financial Officer Brian Gilvary said on Thursday. Although investment in new oil and gas projects more than halved following the collapse of oil prices in 2014, U.S. shale oil production has surged in recent years as drillers adapted. The U.S. output growth helped offset production cuts by OPEC and several major producing countries since 2017.
Cairn Energy (LSE: CNE.L - news) has bought a 50 percent stake in the Agar-Plantain oilfields in the British North Sea from Azinor Catalyst, the companies said on Thursday, amid renewed interest in North Sea assets. Oil producers are returning to the North Sea having sold many assets in the past few years, often to private equity investors, after oil prices collapsed. "There has clearly been a sentiment change in the North Sea.
BP does not foresee a shortfall in oil supplies in the coming years due to a fall in investments, the firm's Chief Financial Officer Brian Gilvary said on Thursday. "We're not seeing under-investment coming through yet," Gilvary told the FT Energy Transition Strategies summit in London. The surge in U.S. shale oil production has been the main driver of production growth in recent years, which offset output cuts by OPEC and several major producing countries since 2017.
New York City's attempt to hold five of the world's biggest oil companies responsible for damage from global warming didn't seem to impress a judge during oral arguments Wednesday to determine if a lawsuit can proceed. U.S. District Judge John F. Keenan questioned the city's standing to bring the lawsuit, which seeks unspecified damages from BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell. At one point, Keenan asked a city lawyer if New York City had investments in the companies it was suing.
Lawyers for major oil companies on Wednesday urged a federal judge to throw out a lawsuit filed by New York City seeking to hold them financially liable for damages caused by global warming. Theodore Boutrous, a lawyer for Chevron Corp(CVX.N), said at a hearing before U.S. District Judge John Keenan in Manhattan that the lawsuit, filed in January, was an attempt to hold the oil companies liable for carbon emissions all over the world since the industrial revolution.
The FTSE 100 ended flat on Wednesday as a weaker pound supported export-oriented shares, helping offset a fall in Just Eat on fresh competition worries and weaker energy stocks. The index fluctuated within ...
In the first quarter, BP’s (BP) cash flow from operations rose 72% YoY (year-over-year) to $3.7 billion, and its cash outflow from investing was flat YoY at $3.8 billion. BP’s cash outflow from financing stood at $3.4 billion, against a cash inflow of $1.8 billion in Q1 2017. In the first quarter, BP produced $3.7 billion in cash from operations. However, it had a cash outflow of $3.6 billion in the form of an additions to plants, property, and equipment, and $1.8 billion in the form of dividends, adding up to $5.4 billion of cash outflow.
Two years after 200 or so nations forged a new United Nations deal to protect the climate, output of the gases blamed for global warming surged to a record. Carbon dioxide emissions from energy use climbed 1.6 percent in 2017, with both emerging and developed economies contributing to the increase, according to BP Plc data published Wednesday. In the U.S., which intends to withdraw from the UN’s Paris accord, greenhouse-gas output fell for a third year.
In this part, we’ll review whether BP’s (BP) debt position has improved. Let’s begin by comparing BP’s debt position with peers’. BP’s total debt-to-capital ratio was 38% in the first quarter, higher than its peers’ average of 33%. The peer average considers 13 integrated energy companies worldwide. ExxonMobil’s (XOM), Royal Dutch Shell’s (RDS.A), and Chevron’s (CVX) ratios stood at 17%, 33%, and 21%, respectively. BP’s net debt-to-adjusted EBITDA ratio was 1.4x in the first quarter, below the industry average of 1.6x.