BP.L - BP p.l.c.

LSE - LSE Delayed price. Currency in GBp
501.90
+0.10 (+0.02%)
At close: 4:57PM GMT
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Previous close501.80
Open503.00
Bid500.00 x 0
Ask510.00 x 0
Day's range500.80 - 510.40
52-week range452.38 - 583.40
Volume31,918,295
Avg. volume41,659,438
Market cap101.972B
Beta (3Y monthly)0.57
PE ratio (TTM)21.45
EPS (TTM)23.40
Earnings date3 Feb 2020 - 7 Feb 2020
Forward dividend & yield0.32 (6.36%)
Ex-dividend date2019-11-07
1y target est7.99
  • Asia’s Richest Man Breaks Into Club of Six Oil Elites
    Bloomberg

    Asia’s Richest Man Breaks Into Club of Six Oil Elites

    (Bloomberg) -- Reliance Industries Ltd., run by Asia’s richest man Mukesh Ambani, has eclipsed BP Plc to break into an elite club of energy supermajors.The Indian conglomerate’s market capitalization was about $133 billion, overtaking the British energy giant’s $132 billion value at the close of trading on Tuesday. Reliance’s shares have increased at three times the pace of India’s benchmark index this year after its billionaire owner in August announced plans to cut the company’s net debt to zero in 18 months through measures including a stake sale in the oil-to-chemicals business to Saudi Aramco.The surge in shares gives Ambani a net worth of $56 billion, making him Asia’s richest person, above Alibaba Group’s Jack Ma, according to the Bloomberg Billionaires Index.Reliance’s market value briefly surpassed BP for the first time at the end of last month, and it has now regained the lead over the British company after its shares ended at a record high in Mumbai. It also narrowing the gap with PetroChina Co., currently Asia’s biggest oil company by market cap.Reliance has increased 35% this year, compared with BP’s 1.2% gain as it works on cutting high debt levels. Oil companies have struggled because of swings in crude prices and as uncertainty persists over future energy demand.Reliance, meanwhile, has benefited in a number of ways. It operates the world’s biggest oil-refining complex in western India, which can process low-quality crude and turn it into higher-grade fuels, partly protecting it from volatility in prices.Telecom, RetailWhile Reliance gets two-third of its revenue from energy, Ambani has also made massive investments in telecom and digital services as he looks to benefit from growing demand in the world’s second-biggest market for mobile phone users. He has also expanded the company’s retail business to take on Amazon.com Inc. and Walmart Inc.The telecom unit, Reliance Jio, which claims to be world’s largest mobile data network, was also bolstered by a recent blow to India’s wireless carriers that left Ambani’s company largely unscathed.Reliance is now the world’s sixth-largest oil company, with Exxon Mobil Corp. topping the list with a market value of about $290 billion. Aramco, formally known as Saudi Arabian Oil Co., is planning an initial public offering with a valuation target of between $1.6 trillion and $1.7 trillion, which would make it the world’s biggest.To contact the reporter on this story: Debjit Chakraborty in New Delhi at dchakrabor10@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Rakteem Katakey, Abhay SinghFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The 5 Most Promising Foreign Oil Stocks
    Oilprice.com

    The 5 Most Promising Foreign Oil Stocks

    Foreign oil stocks seem to be weathering the current environment better than US drillers, and some of them have managed to significantly raise profits over the last few quarters

  • Reuters - UK Focus

    UPDATE 1-Shell appoints Citi for $1 bln sale of Egypt assets -sources

    * Western Desert sale process to launch end of Nov. LONDON, Nov 15 (Reuters) - Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said. The sale process is expected to be officially launched at the end of November, the sources said.

  • Reuters - UK Focus

    UPDATE 2-Politics drives domestic shares higher; FTSE cheers trade signs

    London's mid-cap index outperformed its European counterparts on Friday after the Brexit Party lent further clarity ahead of the Dec. 12 election, while hopes that a U.S.-China may be imminent helped the FTSE 100 eke out gains. The FTSE 250 advanced 0.9% as domestically-focused stocks rose after Nigel Farage's party stood down from more seats not held by the Conservative Party, which could help Tories gain a majority in the upcoming election.

  • Reuters - UK Focus

    BP Brazil head says future oil auctions unlikely to lure foreign players -paper

    Foreign oil companies that have not joined Brazil's last two auctions of offshore "pre-salt" fields are also unlikely to bid next year, BP Plc's Brazil president told newspaper Valor Economico in an interview published on Wednesday. Adriano Bastos argued that, even if the pre-salt areas that have not received any bids are auctioned again with better terms, other projects elsewhere in the world will attract such multinational oil firms, reducing their capacity to invest in Brazil, according to the paper. "Capital that has not yet come to Brazil will not come next year.

  • Reuters - UK Focus

    UPDATE 3-UAE oil benchmark plan confused by Brent comment U-turn

    A United Arab Emirates plan to launch its own global oil benchmark was thrown into confusion on Tuesday after comments made by its own national oil company. ADNOC first said it sees Murban as a contract to replace the global Brent benchmark, only to retract the comment.

  • BP vs Glencore. Which share price could offer me the best returns for an ISA?
    Fool.co.uk

    BP vs Glencore. Which share price could offer me the best returns for an ISA?

    In the battle of the supergiants, which stock has the best prospects? Jonathan Smith lays out his thoughts.

  • BP, Total, Shell, Vitol Take Stakes in Abu Dhabi Oil Exchange
    Bloomberg

    BP, Total, Shell, Vitol Take Stakes in Abu Dhabi Oil Exchange

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.BP Plc, Royal Dutch Shell Plc, Total SA and Vitol Group are among partners in a new exchange to trade Abu Dhabi’s flagship oil grade in what could become a new price benchmark for a fifth of the world’s crude.Intercontinental Exchange Inc. Chairman Jeffrey Sprecher confirmed the partnerships, speaking on Monday to reporters in Abu Dhabi. Other partners in the exchange are Petrochina Co., Inpex Corp. and JXTG Holdings Inc. of Japan, PTT Pcl of Thailand, and South Korea-based GS Caltex Corp., he said.Although oil producers across the Persian Gulf pump about a fifth of the world’s oil, they have never had a region-wide, exchange-traded crude benchmark. Adnoc wants the Murban futures contract to become a benchmark for crude from the Middle East, the biggest oil-exporting area of the world.Abu Dhabi National Oil Co. will join major international oil companies, traders and customers as founding partners in a platform operated by ICE for the trading of futures contracts in Abu Dhabi’s flagship Murban crude, Adnoc Chief Executive Officer Sultan Al Jaber said in a speech earlier Monday. Murban futures will allow buyers to hedge in the open market, he said.Trading StartThe contracts are likely to begin trading around June, and are set to be the benchmark for other Abu Dhabi grades, Al Jaber said in an interview after ICE’s announcement. ICE will be a majority shareholder in the Abu Dhabi futures exchange, he said.Having a large number of well-known international partners “gives you instant credibility that what we’re doing is the right step forward,” Al Jaber said.ICE plans also to introduce swaps contracts on the Abu Dhabi exchange -- for example, between Murban and North Sea Brent -- to improve liquidity by offering more hedging options. The swaps would start trading at about same time as the Murban futures, Stuart Williams, president of ICE Futures Europe, said in an interview in Abu Dhabi.Murban is Adnoc’s most plentiful grade, at about 1.7 million barrels a day, and accounts for more than half of the crude pumped in the United Arab Emirates. Abu Dhabi holds most of the oil in the U.A.E., the third-largest producer in the Organization of Petroleum Exporting Countries.Crude BenchmarksAbu Dhabi won’t be the first regional producer to offer futures contracts for its crude. Oman and the neighboring U.A.E. emirate of Dubai joined with CME Group Inc. in 2007 to start the Dubai Mercantile Exchange to trade Omani crude futures. Oman, Dubai and Saudi Arabia are the only producers in the Gulf to price off the contract; most of the others base their monthly crude pricing on the Dubai and Oman crude price assessments by S&P Global Inc.’s Platts.There is room for more than one benchmark in the region, and the Oman and Murban markers could act as reference points for different crude grades and qualities, Al Jaber said. Murban is lighter and more sweet, while Oman is heavier and more sour, he said.Murban generally fetches higher prices on global markets and is similar in quality to Brent crude, the international benchmark. Brent futures are traded on the London-based ICE Futures Europe Exchange.To contact the reporters on this story: Anthony DiPaola in Dubai at adipaola@bloomberg.net;Javier Blas in London at jblas3@bloomberg.netTo contact the editors responsible for this story: Nayla Razzouk at nrazzouk2@bloomberg.net, Bruce Stanley, Amanda JordanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters - UK Focus

    African oil states offer new deals to lure more selective investors

    Lower prices and increasing competition for investment are driving many African states to make it easier and cheaper for overseas companies to keep their oil and gas output flowing. From Ghana to Gabon, governments are adjusting terms to lure picky investors who are also increasingly concerned about long-term demand for fossil fuels as renewable energy gains ground. The shift follows declining oil production in Angola and Cameroon and disappointing bid rounds in Ghana.

  • Reuters - UK Focus

    UPDATE 4-Oil majors partner in new exchange listing ADNOC's Murban crude -ICE

    Intercontinental Exchange Inc said on Monday that oil majors including BP, Total and Shell would be partners in a new exchange it is launching in the United Arab Emirates next year to list Abu Dhabi National Oil Co's (ADNOC) flagship Murban crude grade. The Murban futures contract, to be hosted on the new ICE Futures Abu Dhabi (IFAD), would replace retroactive pricing, allowing buyers to hedge risks and capture more value from ADNOC's oil output, CEO Sultan al-Jaber told an energy forum in the United Arab Emirates capital Abu Dhabi.

  • Reuters - UK Focus

    Israel's Delek completes $2 bln purchase of Chevron's North Sea fields

    Israel's Delek Group said on Sunday its Ithaca subsidiary, which it plans to spin off via a London listing, completed a deal to buy most of Chevron's British North Sea oil and gas fields for $2 billion. Delek said the deal, backdated to Jan. 1, will quadruple Ithaca’s pro-forma production to 80,000 barrels of oil equivalent per day and raise the company's proven reserves by 150% to 225 million barrels. Delek, which is a partner in large natural gas projects off Israel's Mediterranean coast, paid $1.68 billion, with the rest coming from cash flow accumulated coming from the sale of oil and gas at Chevron's North Sea fields after the start of 2019.

  • Sky News

    Royal Shakespeare Company speaks out after cutting ties with BP

    The Royal Shakespeare Company has told Sky News it was "not making ethical decisions about a company" when it ended an eight-year sponsorship deal with BP.

  • I think smart investors should buy the BP share price when oil prices drop
    Fool.co.uk

    I think smart investors should buy the BP share price when oil prices drop

    BP (LON: BP) shares closely follow the oil price. Here's how I think we can best benefit from that behaviour.

  • Restart of idled St. Croix oil refinery set for early 2020 after delay
    Reuters

    Restart of idled St. Croix oil refinery set for early 2020 after delay

    The Limetree Bay Refining project is a bet on demand for low-sulfur fuels to meet a Jan. 1 global mandate for ocean-going vessels cut air pollution. The St. Croix, U.S. Virgin Islands, venture is run by private equity and commodity trading firms with oil major BP Plc providing crude oil and marketing the plant's output. Once restarted, the plant will be able to process up to 210,000 barrels per day of oil, a fraction of the 1,500-acre (607-hectare) plant's peak capacity in the 1970s of 650,000 bpd.

  • Reuters - UK Focus

    Austria's OMV sees potential in underground carbon storage to fight global warming

    Austrian oil and gas group OMV aims to reduce its own carbon emissions by trapping CO2 underground and could offer the same storage solution to clients, its chief executive said. Projects in the United States and Norway have shown that capturing and underground storage of waste carbon dioxide produced by burning fossil fuels or chemicals, is a safe way to help fight global warming, CEO Rainer Seele told journalists on Thursday. Fossil fuel companies are seen as a major cause of global warming as they produce huge amounts of carbon dioxide from burning oil and have come under increasing pressure from investors to reduce their CO2 emissions.

  • Reuters - UK Focus

    South Africa sees new Saudi-backed $10 bln refinery onstream by 2028

    South Africa's Central Energy Fund (CEF), partnering with Saudi Aramco, expects a proposed new 300,000 barrel per day crude oil refinery along South Africa's east coast to come onstream by 2028, making it the region's largest refinery, CEF's acting group chief executive said on Thursday. Work on the project is still at an early stage, but indications are that it would cost in the region of $10 billion, said Kholly Zono, adding this cost excluded the development of a related petrochemical complex at Richards Bay. Former Saudi Energy Minister Khalid al-Falih announced the project in January, ahead of plans by Saudi Aramco, the world's biggest oil firm, to list its shares.

  • Reuters - UK Focus

    Angola to name licensing winners in April, new round in Jan -ANPG official

    Angola expects to announce the winners of its 2019 oil and gas licence auction round in April as part of a multi-year plan to boost declining output, a senior executive at the National Agency of Petroleum, Gas and Biofuels (ANPG) said on Thursday. "By April 2020 we expect to award the contracts for the current licensing rounds in the Benguela and Namibe basins," ANPG board member Belarmino Chitangueleca said. "Next year we do all onshore (blocks) and by December 2020 we will be signing contracts," Chitangueleca told Reuters on the sidelines of an African oil and gas conference in Cape Town.

  • BP invests in city transportation app Whim
    Reuters

    BP invests in city transportation app Whim

    BP is investing 10 million euros in Finnish transportation app Whim as the oil and gas company seeks to expand its role in a future low-carbon world. BP's new technology investments have so far focused on electric vehicle charging platforms such as FreeWire and PowerShare and reduction of emissions from oil and gas drilling. Whim, which is developed by MaaS Global, offers customers a single platform to connect all available transport options in a city from taxis, buses, bikes and rental cars to ride-hailing services and shared e-scooters and e-bikes.

  • BP Invests in App Maker Aimed at Killing Private Car Ownership
    Bloomberg

    BP Invests in App Maker Aimed at Killing Private Car Ownership

    (Bloomberg) -- BP Plc is investing 10 million euros ($11.1 million) in the makers of the app Whim, which allows users to pay a monthly fee to access both public and private transport in their city.The company that owns Whim, MaaS Global, started offering the service in Helsinki in 2017. A study early this year suggested the app’s users in Finland curbed their private car use, turning instead to the taxis, public transport, bicycles and rental vehicles they were able to access for a single flat rate using the service.BP’s investment will give it access to the technology underpinning the service. Like other oil companies heavily reliant on fuel sales, the British oil major is seeking a foothold in businesses that understand changing consumer preferences around mobility.“Whim is super convenient,” said Roy Williamson, vice president for advanced mobility at BP, in a statement. “It takes the hassle out of planning travel, taking on board users’ preferences and connecting and booking their ideal transport choices.”In Helsinki, Whim offers four different “plans” which users can sign up for. The cheapest is a pay-as-you go deal, where the app tells a user the best way to get from one destination to the next using a combination of public and private transit options. The user pays for and collects tickets within the app. In the most expensive option, users pay 499 euros a month for unlimited access to rental cars, taxis, public transport and city bikes.MaaS Global, which stands for “mobility as a service,” has published reports which say creating a single digital plan for all types of transport will be important to cut congested and polluted streets, and foster the shift to automated cars. In the future, private car ownership may fall while software helps people find instant, easy and cheap transit options, according to a report from MaaS in March.In one year, the company said it found its users relied on public transit, cycling and walking more than others in Helsinki. Though it doesn’t track private car rides, “new mobility” options could replace 38% of daily car trips, the report said. Whim is now also available in Birmingham, the U.K. and will soon be available in Vienna and Antwerp. BP’s investment will support expansion plans in Singapore and the U.S., the oil major said in the statement.BP executives have talked and written about the importance of understanding the changing dynamics of transport, which will affect the way customers access BP’s retail stations and demand for its fuel. The company is already the largest investor of electric car charging in the U.K., anticipating rising demand for vehicles without a combustion engine.To contact the reporter on this story: Kelly Gilblom in London at kgilblom@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Helen Robertson, Christopher SellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters - UK Focus

    UPDATE 3-Biggest Brazil oil auction disappoints as only Petrobras and Chinese firms bid

    Brazil's biggest-ever oil auction frustrated expectations on Wednesday, as high prices and the dominant role of state-run oil company Petrobras scared off global oil majors. Petroleo Brasileiro SA, as the Brazilian firm is also known, and Chinese state firms CNOOC and CNODC made the only bids out of over a dozen major oil firms who had registered. The setback was a harsh reminder that, even as promising offshore fields make Brazil a rare bright spot in Latin America's petroleum industry, steep signing bonuses and tricky production-sharing deals can keep foreign players at bay.

  • Four reasons why BP could be the next dividend stock for your portfolio
    Stockopedia

    Four reasons why BP could be the next dividend stock for your portfolio

    UK stocks paid out an eye-watering £100 billion in dividends last year, and the bulk of that cash came from the biggest and best known companies in the FTSE 358230;

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