BP update may clear up green strategy posers

09:41am, Thursday, 24'th Oct 2024
BP PLC (LSE:BP.) recently said that third-quarter production would be broadly flat compared to the previous three months, so next week's update will be about the impact of the recent drop in crude pri
Lower commodity prices and production are likely to have hurt BP's bottom line in Q3.
September's investment activity was minimal, with $1,000 invested mainly in Business Development Companies, while I traveled through Hungary, Albania, and Oman. Traveling highlighted the benefits of l

BP's head of LNG trading to leave at year-end

12:37pm, Tuesday, 22'nd Oct 2024
BP's head of liquefied natural gas (LNG) trading, Jonty Shepard, will be leaving the company at the end of the year.

BP: Finally We See A Catalyst

08:49pm, Sunday, 20'th Oct 2024
According to Reuters, BP's management has abandoned its previous target to reduce production, now aiming to "reset" its strategy in favor of more oil & gas. Essentially following Shell's playbook, we
In the most recent trading session, BP (BP) closed at $31.33, indicating a +0.03% shift from the previous trading day.
BP remains focused on developing offshore wind projects. However, the company will prioritize its high-margin businesses rather than aggressively reducing emissions.

BP reportedly mulling offshore wind stake sale

05:38am, Friday, 18'th Oct 2024
BP PLC (LSE:BP.) is reportedly considering selling a minority stake in its offshore wind business under efforts to further scale back renewable energy operations.
BP is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy c
BP's third-quarter refining margins are expected to drop $400-$600 million sequentially. The company also anticipates higher net debt in the quarter.
UPI index declined by 0.89% last week, while the S&P 500 gained 1.11%, highlighting a challenging period for LNG shipping stocks. Despite the lack of significant news, long-term contracts averaging $8
U.K. activist investor Bluebell Capital Partners is pushing BP to remove its chairman and lead independent director.
In the latest trading session, BP (BP) closed at $32.11, marking a -0.71% move from the previous day.
A ruling by a Paris-based arbitrator prevents KOS from selling the LNG produced from the GTA LNG project to third parties. BP is the operator of the GTA project.
The broader problem is weak demand for refined products such as gasoline and jet fuel amid an economic slump in China, as well as increased supply from new refineries in Asia and the Middle East.
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