Bp Stock News

Bernard Looney''s remarks were made during a panel discussion in Cairo, Egypt where he spoke about issues relating to the energy transition.

One of the world ’s leading anti-Russian corruption campaigners has blasted BP for its investments in the region, saying the British oil giant was “stupid” for going into business there.

Exxon Mobil, Chevron, Shell, BP, and Total have recorded a combined cash flow of $31 billion in the fourth quarter 2021, funnelling cash back to investors and strengthening their balance sheets, however, new findings show they are taking their foot off the gas on green investment. According to Bloomberg’s estimates, ExxonMobil, Chevron, BP, Shell, and […]

MOSCOW (Reuters) – BP may halt production at its East Azeri oil platform near Azerbaijan’s Caspian coast for maintenance in the summer this year, the Interfax news agency cited Azerbaijan’s state energy firm as saying on Tuesday.

[[BP]] CEOBernard Looney said rising risks of a Russian invasion of Ukraine are having no effect on its operations in the country, as the company continues with the "business of…

International oil companies - many of which are reinventing themselves as energy firms in order to remain relevant during a global energy transition - now face growing pressure from climate campaigners and politicians to pay for their multi-year-high profits and cash flows with more taxes. The rallying oil and gas prices in 2021 helped Big Oil to post the biggest earnings and cash flows in at least seven years. But environmentalists and opposition politicians in the UK - home to BP and Shell and a key operations base for TotalEnergies - want…

Oil and gas giant BP said Monday that mounting risks of an invasion of Ukraine are having no impact on its operations in Russia.

Shares of energy companies, including BP plc (NYSE: Full story available on Benzinga.com

Labour is pushing for a windfall tax on the industrys bonanza and Sunak must grasp that this is not even an un-Tory idea North Sea oil producers are ripe for a windfall tax. Without moving a muscle, they have benefited from a doubling in the oil price and a quintupling of the gas price over little more than a year. There are big names in the frame, like BP and Shell, and some minnows that are now making hundreds of millions of pounds from wells offloaded a few years ago by these two lumbering giants of the industry. Continue reading

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India’s biggest oil explorer posted a higher-than-expected quarterly profit, riding on a rally in crude prices that swelled incomes of large producers from Russia’s Rosneft PJSC to BP Plc.

BP plc - ADR (BP) shares closed today at 1.4% below its 52 week high of $33.70, giving the company a market cap of $108B. The stock is currently up 24.1% year-to-date, up 61.0% over the past 12 months, and up 30.6% over the past five years. This week, the Dow Jones Industrial Average rose 0.4%, and the S&P 500 rose 0.6%. Trading Activity Trading volume this week was 16.8% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.7. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 70.5% The company's stock price performance over the past 12 months beats the peer average by 38.6% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

BP <> and Shell <> said they are indefinitely freezing spending and pausing refinery operations at their Sapref plant, the largest in South Africa, while considering a

While the likes of BP make colossal profits, consumers face huge bills. The solution is morally and economically clear The call for a windfall tax on oil and gas companies, whose profits have rocketed over the last year, has now become something of a clamour. Originally proposed by Labour a month ago, the idea has been taken up by both the Liberal Democrats and Greens, and even some Conservative MPs. Jeremy Kyles conversion to the cause by the climate activist Tessa Khan has gone viral. The basic idea of a windfall tax is very simple. Over the past year the huge rise in global oil and gas prices has provided oil and gas companies with vastly expanded profits. BP has just announced 2021 profits of £9.5bn (compared with a loss of £4.2bn the year before) and Shell £14bn (a four-fold increase). If these additional profits were taxed, the revenues could be used to help reduce energy bills for hard-pressed consumers. Michael Jacobs is professor of political economy at the University of Sheffield, and managing editor of NewEconomyBrief.