Bp Stock News

BP p.l.c. found using ticker (BP) now have 13 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 45 and 28 calculating the mean target price we have 35.05. Given that the stocks previous close was at 32.29 this would imply there is a potential upside of 8.5%. The day 50 moving average is 29.87 and the 200 day moving average is 27.34. The company has a market capitalisation of $104,371m. Find out more information at: https://www.bp.com [stock_market_widget type="chart" template="basic" color="green" assets=BP" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $113,293m based on the market concensus. BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen, and carbon capture, usage and storage.

Limits To Green Energy Are Becoming Much Clearer Authored by Gail Tverberg via Our Finite World, We have been told that intermittent electricity from wind and solar, perhaps along with hydroelectric generation (hydro), can be the basis of a green economy. Things are increasingly not working out as planned, however. Natural gas or coal used for balancing the intermittent output of renewables is increasingly high-priced or not available. It is becoming clear that modelers who encouraged the view that a smooth transition to wind, solar, and hydro is possible have missed some important points. Lets look at some of the issues: [1] It is becoming clear that intermittent wind and solar cannot be counted on to provide adequate electricity supply when the electrical distribution system needs them. Early modelers did not expect that the variability of wind and solar would be a huge problem. They seemed to believe that, with the use of enough intermittent renewables, their variability would cancel out.

Where Africa''s Oil Flows Free While the move away from fossil fuels towards more sustainable alternatives is well on the way in many industry sectors, the world as of now still relies heavily on crude oil for the production of different fuel types, plastics and wax. In 2020 alone, countries around the world produced 4,165 million metric tons of oil, and as Statista''s Florian Zandt points out , the continent of Africa was responsible for 327.3 million metric tons, netting it fifth place worldwide after the Middle East, North America, CIS and the Asia Pacific region including China. As the chart below shows, its oil production hotspots are mainly situated in countries with coastlines, with Nigeria taking the top spot. You will find more infographics at Statista According to data from BP''s yearly report, the Western African nation produced more than a quarter of the whole continent''s oil production, which translates to 86.9 million metric tons . This stands in stark contrast to Nigeria ''s reputation of fostering major technology hubs like Lagos, showcasing the divide between a more traditional, oil-based economy and a more progressive one.

Big Oil on course for near-record $38bn in share buybacks: The seven supermajors BP, Shell, ExxonMobil, Chevron, TotalEnergies, Eni and Equinor set for supercharged stock purchasing on top of estimated $50bn of dividends. h/t Holger Zschaepitz Our Twitter for Quick Updates: Twitter Follow Us

This great cultural institutions trustees must refuse to renew its sponsorship arrangement with BP The critics are unanimous: the British Museums new exhibition, The World of Stonehenge , is a triumph . As archaeologists, its wonderful for us to see the show achieve such plaudits. But the fact that the exhibition is once again sponsored by the oil and gas supermajor BP brings inevitable disquiet . Hundreds of our colleagues in archaeology, museums and the heritage sector have recently signed a letter asking the museum to end its relationship with BP. The signatories include senior curators and academics from across the UK and beyond. This is a decisive moment for the British Museum: its agreement with BP is due for renewal this year and its future hangs in the balance. BP has maintained a strategy of sponsoring cultural institutions for decades, as part of its heavy investment in public relations. Its keen to convince the public and our policymakers that it can be trusted to manage the transition to net zero itself.

Petroleum giant BP has been in the spotlight for making huge profits on the back of energy price increases. BP is run by Kerryman Bernard Looney.

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NPR''s Mary Louise Kelly talks with Gregory Trencher, a co-author of a report that shows, despite pledges, BP, Chevron, Exxon Mobil and Shell aren''t making changes needed to…

LONDON, Feb 18 (Reuters) - North Sea Forties crude differentials weakened from a record high on Friday after a trade. PLATTS WINDOW * Forties: BP sold to Vitol a March 19-21 cargo at dated Brent plus $2.55, a trade source said, down from a record high…

UK''s FTSE 100 fell on Friday as weakness in healthcare stocks and simmering Russia-Ukraine tensions offset optimism around better-than-expected January retail sales data, while the benchmark stock index recorded its biggest weekly drop in three months. The blue-chip FTSE 100 ended 0.3% lower with healthcare stocks down 1.2% and oil majors Shell and BP down 0.6% and 1.6%, respectively, tracking weaker crude.

A comprehensive study confirms that oil companies are largely all talk and no action when it comes to clean energy initiatives This week a peer-reviewed study confirmed what many have suspected for years: major oil companies are not fully backing up their clean energy talk with action. Now the PR and advertising firms that have been creating the industry’s greenwashing strategies for decades face a reckoning over whether they will continue serving big oil. The study compared the rhetoric and actions on climate and clean energy from 2009 to 2020 from the world’s four largest oil companies – ExxonMobil, Chevron, Shell, and BP. Writing in the journal Plos One, researchers from Tohoku University and Kyoto University in Japan conclude that the companies are not, in fact, transitioning their business models to clean energy. Continue reading…

The latest data from the National Bureau of Statistics (NBS) has exposed the fragile state of Nigeria’s oil sector as the country’s oil GDP fell by 8.30 percent in 2021 compared to 8.89 percent in 2020, In Q4 2021, the oil sector contracted in real terms by 8.06 percent (year-on-year) indicating an increase by 11.71 percent points relative to rate recorded in the corresponding quarter of 2020, NBS said in its quarterly report released on Thursday. According to the NBS’ report, the oil sector contributed 5.19 percent to total real GDP in Q4 2021, down from figures recorded in the corresponding period of 2020 and down compared to the preceding quarter, where it contributed 5.87 percent and 7.49 percent respectively. The above development mirrors the sorry state of Nigeria’s oil industry, and the government’s inability to use the sector as an engine t0 supply new jobs for Nigerian citizens and improve the social and living standards of its 200 million population just like other petrol-dollar economies.

Analysis of the investments of Shell, Chevron, BP, and ExxonMobil finds their transition to clean energy companies "is not occurring", despite pledges to the contrary.

BAKU (Reuters) – British oil major BP on Wednesday said it would shut down one oil platform and one gas platform in Azerbaijan in 2022 for planned maintenance, without giving a planned timeline.

ExxonMobil, Chevron, BP, Shell, and TotalEnergies have hit their biggest free cash flow in the last 14 years as the super majors posted combined earnings of $37 billion in three months. The post Oil majors record $37 billion cash flow, biggest in 14 years appeared first on The Guardian Nigeria News - Nigeria and World News .