36.98 -0.11 (-0.30%)
Pre-market: 9:17AM EST
|Bid||37.06 x 2900|
|Ask||37.03 x 3000|
|Day's range||36.93 - 37.35|
|52-week range||35.73 - 45.38|
|Beta (3Y monthly)||0.57|
|PE ratio (TTM)||26.42|
|Forward dividend & yield||2.46 (6.63%)|
|1y target est||49.19|
Environmental law charity Clientearth has accused BP of “misleading” the public regarding its low-carbon credentials with its multimillion-pound advertising campaign
BP boosts capital spending on renewable power business as most oil companies in Europe have decided to combat climate change by reducing greenhouse gas and carbon emissions.
BP boosts stake in solar firm amid clean energy plan for its officesOil and gas firm will buy new shares from startup Lighthouse BP for undisclosed price
BP is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said on Thursday. European oil companies like BP have been stepping up investment in renewable power to diversify their businesses in the face of global moves towards a lower carbon economy to combat climate change. Dev Sanyal, chief executive at BP’s Alternative Energy division said, renewables were attractive even though they usually offered lower returns than the company's traditional oil and gas business.
BP is increasing its stake in Lightsource BP to 50% from its current 43%, the solar energy developer said in a statement on Thursday. The new investment will simplify the joint venture structure with BP as Lightsource BP seeks to accelerate its drive towards 10 gigawatts of developed assets by the end of 2023. Financial details of the new investment were not revealed.
Repsol (REPYY) is expected to incur post-tax impairment charge of almost 4.8 billion euros for re-evaluating some of its hydrocarbon assets under the Paris Agreement.
Activists call for BP ads to carry 'climate damage' warningClientEarth lodges complaint with OECD that claims advertisements are misleading
The U.S. crude benchmark finished sharply lower last week amid speculation that OPEC and its allies are deeply divided over Saudi Arabia's push for deeper production cuts.
U.S. Supreme Court justices on Tuesday appeared inclined to shield a unit of British oil major BP Plc from claims seeking a more extensive cleanup of a Superfund hazardous waste site in Montana than what federal environmental officials had ordered. The nine justices heard arguments in an appeal by Atlantic Richfield Co of a Montana state court ruling allowing a group of private landowners within the sprawling site of its former Anaconda copper smelter in western Montana to bring their claims for restoration damages to trial. Liberal and conservative justices alike signaled their concern that landowners could interfere with land remediation efforts ordered by the U.S. Environmental Protection Agency.
The newly-formed joint venture, where BP has a 50% ownership interest, has the potential of supplying 1,200 gigawatt hours of electricity to the national grid of Brazil.
British oil major BP Plc and U.S. commodities trader Bunge Ltd announced on Monday the completion of a deal to combine their sugar and ethanol operations in Brazil, creating the world's second largest cane processor. The 50-50 joint venture BP Bunge Bioenergia, which will manage 11 plants in five Brazilian states with a total capacity to crush 32 million tonnes of sugarcane per year, will rank only behind Raízen, the joint venture between Royal Dutch Shell Plc and Brazilian energy group Cosan SA.
Turkey and Azerbaijan formally marked the completion of the Trans-Anatolian Natural Gas Pipeline (TANAP) on Saturday, a milestone in a major project to help reduce Europe's dependence on Russian gas. TANAP comprises the longest stretch of the $40 billion Southern Gas Corridor, a series of pipelines that will carry gas from Azerbaijan's Shah Deniz II field to Europe.
Stockopedia’s own data points to a jarringly simple stock market truth amidst the daily whirlwind of financial data: share prices that have gone up tend to kee8230;
Bids for North Sea oil and gas firm Siccar Point, backed by private equity groups Blackstone and Blue Water Energy, came in at between $1.2 billion and just under $2 billion, according to three industry sources. Bidders in the first round, which ended on Nov. 7, include EIG-backed Chrysaor, private equity fund HitecVision, North Sea-focused oil and gas group RockRose and Norwegian oil major Equinor, the sources said.
Airlines are confident of having sufficient supplies of biofuel-infused jet fuel to comply with a Norway requirement which takes effect next year, although they warn of additional costs. From January, jet fuel suppliers in Norway must blend 0.5% of biofuel in all their aviation fuel, a policy Oslo hopes will boost supply and demand and lead to lower CO2 emissions.
The head of BP in the UK and Europe has told Sky News he is "disappointed" arts institutions including the Royal Shakespeare Company have ended their partnership with the oil giant. Peter Mather said it was wrong to "demonise and ostracise" BP from the debate over climate change as the firm could be "very much part of the solution and part of the future". It comes as climate protesters from the group BP Or Not BP blocked a VIP reception at the BP-sponsored Troy exhibition at the British Museum.