BP.L - BP p.l.c.
| Previous close | 337.00 |
| Open | 337.00 |
| Bid | 300.55 x 0 |
| Ask | 300.85 x 0 |
| Day's range | 296.55 - 337.00 |
| 52-week range | 4.69 - 583.40 |
| Volume | 111,318,443 |
| Avg. volume | 60,215,603 |
| Market cap | 61.898B |
| Beta (5Y monthly) | 0.64 |
| PE ratio (TTM) | 15.51 |
| EPS (TTM) | 19.70 |
| Earnings date | 28 Apr 2020 |
| Forward dividend & yield | 0.33 (9.68%) |
| Ex-dividend date | 13 Feb 2020 |
| 1y target est | 7.99 |
- Reuters - UK Focus
Equinor to quit U.S. lobby group over climate policy
Equinor will leave industry lobby group the Independent Petroleum Association of America (IPAA) over a disagreement about climate policy, the energy producer said on Friday. The Norwegian company is undertaking a review of its memberships of industry associations under an agreement with a group of institutional investors, the Climate Action 100+, signed last April. The Washington-headquartered IPAA represents thousands of independent oil and natural gas producers and service companies across the United States.
- Reuters
BP, activist shareholder to jointly draft climate resolution
An activist group has withdrawn a shareholder resolution urging BP to adhere to the Paris climate agreement after the oil and gas company agreed to work together on a joint resolution. BP and climate-focused Follow This have agreed to jointly draft a shareholder resolution on BP's climate goals for its 2021 annual general meeting (AGM), they said in a statement on Friday. Follow This agreed to pull a resolution it filed independently ahead of BP's 2020 AGM, planned for May.
- Zacks
BP (BP) Gains But Lags Market: What You Should Know
BP (BP) closed the most recent trading day at $24.42, moving +0.54% from the previous trading session.
- Zacks
BP Surges: Stock Moves 9.8% Higher
BP saw a big move last session, as its shares jumped nearly 10% on the day, amid huge volumes.
- Reuters - UK Focus
Ten signs the oil industry is bent out of shape
The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises output to full capacity to fight a price war with rivals. International crude oil prices have lost about 45% this month and fallen below the cost of much of the world's production, causing energy companies worldwide to slash spending by tens of billions of dollars. The collapse in demand and of energy diplomacy between Saudi Arabia, Russia and others have triggered unprecedented responses from governments and investors.
- Reuters - UK Focus
CORRECTED-GRAPHIC-Oil majors slash 2020 spending 20% after prices slump
The world's biggest oil and gas companies are slashing spending this year following a collapse in oil prices driven by a slump in demand because of coronavirus and a price war between the top exporters Saudi Arabia and Russia. Cuts already announced by seven major oil companies including Saudi Aramco and Royal Dutch Shell come to a combined $25 billion, or a drop of 20% from their initial spending plans of $127 billion. Others such as U.S. giant Exxon Mobil Corp and Britain's BP have said they will cut capital expenditure but haven't given specific figures as yet.
- Reuters - UK Focus
Big Oil may have to break dividend taboo as debt spirals - investors
The world's biggest oil and gas firms should break an industry taboo and consider cutting dividends, rather than taking on any more debt to maintain payouts as they weather the fallout from the coronavirus pandemic, investors say. The top five so-called oil majors have avoided reducing dividends for years to keep investors sweet and added a combined $25 billion to debt levels in 2019 to maintain capital spending, while giving back billions to shareholders. The strategy was designed to maintain the appeal of oil company stocks as investors came under increased pressure from climate activists to ditch the shares and help the world move faster towards meeting carbon emissions targets.
- Fool.co.uk
I’d buy these FTSE 100 bargains in a Stocks and Shares ISA!
A Stocks and Shares ISA allowance protects your wealth from taxation and can encourage financial growth through careful stock picking. The post I’d buy these FTSE 100 bargains in a Stocks and Shares ISA! appeared first on The Motley Fool UK.
- Reuters - UK Focus
Deliveroo launches 'essentials' service in Britain to help isolators
Britain's Deliveroo announced two services on Tuesday that could help people who are self-isolating due to the coronavirus - the first supplying essentials such as tinned goods, pasta and household items, and secondly, a tie-up with Marks & Spencer's stores on BP forecourts. The company, known for its online restaurant delivery service, said its "Essentials by Deliveroo" service would offer convenience items to people at home, especially the elderly and vulnerable who are staying at home to reduce the risk of coronavirus. It has already gone live in Cambridge and will be rolled out in Reading, Brighton, Nottingham, Manchester, Leeds and London over the next two weeks, Deliveroo said.
- Reuters - UK Focus
CORRECTED-Spending on new oil, gas projects could fall by 68% this year -Rystad Energy
Spending on new oil and gas projects could fall by more than two thirds this year if oil prices remain at the current levels, the Oslo-based Rystad Energy consultancy said on Monday. Crude oil prices dropped more than 60% since the start of the year as demand fell due to travel and business restrictions to stem the spread of the coronavirus, while Russia and Saudi Arabia ended an agreement to curb production. North Sea oil was trading at $25.7 a barrel by 1533 GMT on Monday.
- Reuters - UK Focus
Most North Sea oil output "in the money", but decom bill looms - Woodmac
Most North Sea oil and gas fields can make money at $30 a barrel, but stakeholders in the fields that have to be shut in the current price rout are set to face a huge bill for removing facilities like platforms and subsea infrastructure, Wood Mackenzie said. The North Sea between Britain and Norway, home of the Brent crude stream that underpins global oil prices, is one of the world's oldest and most expensive oil basins. Crude oil prices have posted four straight weeks of losses and dropped more than 60% since the start of the year.
- Yahoo Finance UK
Shell plans to save $10bn in face of oil price crash and coronavirus pandemic
Shell said on Monday it would cut operating costs by up to $4bn, reduce planned spending by $5bn in 2020, and abandon a $1bn share buyback.
- Fool.co.uk
FTSE 100 investors! Why I’d consider buying BP shares now
The oil price has collapsed. Now may be a good time to take a closer look at beaten-up FTSE 100 (INDEXFTSE: UKX) member BP (LON: BP).The post FTSE 100 investors! Why I'd consider buying BP shares now appeared first on The Motley Fool UK.
- Fool.co.uk
Is the 15% dividend yield on BP shares safe?
Rupert Hargreaves considers whether investors can rely on the BP share price to produce a steady income in these times of crisis.The post Is the 15% dividend yield on BP shares safe? appeared first on The Motley Fool UK.
- Reuters - UK Focus
BP postpones planned maintenance at Washington, Ohio refineries -source
- Reuters - UK Focus
Europe Gasoline/Naphtha-Cracks rise on refinery cuts, remain negative
- Fool.co.uk
The FTSE 100 has slumped 30%+. I’d buy these 2 dirt-cheap dividend stocks today
These two FTSE 100 (INDEXFTSE:UKX) income stocks could offer long-term dividend appeal in my view.The post The FTSE 100 has slumped 30%+. I’d buy these 2 dirt-cheap dividend stocks today appeared first on The Motley Fool UK.
- Fool.co.uk
This FTSE 100 stock’s price has halved. Here’s why it’s my corona crash contrarian pick
This FTSE 100 share might be hit badly by the corona crash and the stop to economic activity. But demand for its product is bound to come back. The post This FTSE 100 stock’s price has halved. Here’s why it’s my corona crash contrarian pick appeared first on The Motley Fool UK.
- Reuters
BP says no major disruption to operations from COVID-19
The London-based firm said it has implemented a new 'team-based' shift model to restrict contact between two teams at major operational sites, including refineries. Several oil and gas firms, including BP, have announced spending cuts, sparked by the spread of the coronavirus and the collapse of a supply cut deal between major oil producing nations.
- Fool.co.uk
The BP share price has crashed 50%. Here’s why I’d buy
The BP share price keeps falling and the oil giant now yields 15%. Roland Head explains why he thinks investors should be buying at current levels.The post The BP share price has crashed 50%. Here's why I'd buy appeared first on The Motley Fool UK.
- Reuters - UK Focus
FTSE 100 gains on weaker pound, jump in BAT shares
The FTSE 100 edged higher in a choppy start on Thursday, supported by a jump in the shares of tobacco company BAT and a weaker pound as London braced for a virtual shutdown due to the spread of the novel coronavirus. The internationally focussed FTSE 100 rose 0.7% by 0827 GMT, as exporters benefitted from a plunge in sterling to its lowest level since March 1985. British American Tobacco climbed 3.7% after it said the outbreak has not had any material impact, while shares of other blue-chip companies including Diageo, BP and Unilever rose more than 3%.
- Reuters - UK Focus
Britain's oil, gas industry calls for government cash as price crashes
Britain's oil and gas sector needs financial help to survive, industry body OGUK said, as the oil price crash triggered by the coronavirus and a Saudi-Russian price war means they may be unable to keep producing hydrocarbons in the North Sea. Benchmark oil prices on Wednesday fell to around $25 a barrel, their lowest level in 17 years, as measures to tackle the virus outbreak have had a drastic impact on demand.
- Reuters - UK Focus
Eni to cut spending and buyback plans due to coronavirus fears
Italian energy group Eni followed rivals on Wednesday by cancelling a share buyback and sharply cutting investments as a result of the coronavirus outbreak and falling oil prices. "Eni's priorities at the moment are safeguarding the health of our people and the communities we operate in, as well as our robust balance sheet and the dividend," Eni CEO Claudio Descalzi said in a statement. Oil prices plunged on Wednesday after Goldman Sachs said lockdowns to counter the coronavirus pandemic raised the prospect of the steepest ever annual fall in oil demand.
- Reuters - UK Focus
Former BP boss Dudley's 2019 pay dropped by 13%
