Trading houses lure top talent from BP, Shell

07:36am, Thursday, 11'th Jul 2024
Several high-profile energy traders have in recent weeks quit oil majors for trading houses, multiple sources told Reuters on Thursday, as talent follows assets swapping hands and as trading houses ra
In the most recent trading session, BP (BP) closed at $34.90, indicating a +0.29% shift from the previous trading day.
BP warns investors of significantly lower realized refining margins, which could slash its earnings by $500-$700 million for the quarter.
A unit of BP signed a deal with mall owner Simon Property Group to install and operate more than 900 high-speed electric-vehicle chargers at 75 sites across the United States, the companies said on We
BP expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system
A decline in margins has weighed on refining stocks
RBC Capital Markets analyst Biraj Borkhataria updated estimates of BP p.l.c.  BP following its second-quarter trading update release this morning.
BP (BP) shares dip in pre-market trading after the energy giant anticipates its weak oil refining output to affect its second-quarter profits. BP's forecast comes after ExxonMobil (XOM) warns its own
BP (BP) American depositary receipts (ADRs) fell in premarket trading Tuesday after the energy giant said that it expects lower refining margins and an impairment charge of up to $2 billion will impac
U.S. stock futures were higher this morning, with the Dow futures gaining around 50 points on Tuesday.
The oil giant's warning adds to the gloom hanging over energy stocks.
BP on Tuesday said it expects weak margins in its refining business will have hit its second quarter profits by up to $700 million after Exxon Mobil on Monday said a similar slump in refining margins

Shell preferred over BP at JP Morgan

04:39am, Tuesday, 09'th Jul 2024
Shell PLC (LSE:SHEL, NYSE:SHEL) is ‘a buy' and BP PLC (LSE:BP.) is ‘a sell', that's according to analysts at JP Morgan, who also see upside to the crude oil price in the near term.
BP on Tuesday said it expects to post an impairment of up to $2 billion in the second quarter, also warning of lower refining margins.
BP plc reiterated previously announced second-quarter guidance in a trading update this Tuesday. Avoiding concrete numbers, the oil supermajor said upstream production in the second quarter is expecte
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