BP announces plans to reduce Gelsenkirchen refinery capacity by around one-third from 2025, adapting to changing demand and environmental pressures.

BP Stock Up 7% This Year, What's Next?

07:30am, Friday, 22'nd Mar 2024
After a 7% increase so far this year, at the current price of around $38 per share, we believe BP plc stock (NYSE: BP), a European integrated energy major, could go higher in the long term. BP's under
BP (BP) reachead $37.73 at the closing of the latest trading day, reflecting a -0.42% change compared to its last close.
BP sets the stage for the future of mobility with the launch of its pioneering EV charging station in Houston, featuring 24 fast-charging points.
BP plans to reduce the crude processing capacity of its Gelsenkirchen oil refinery in Germany by around one third due to a weaker demand outlook, its head of refining Amber Russell said on Wednesday.
Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Achieving a balance between short-term returns and long-term sustainability remains a formidable challenge for oil companies like SHEL, BP and XOM amidst a rapidly evolving energy landscape.
BP's Whiting Refinery bounces back after the February outage, bringing stability to Midwest fuel markets.
On March 13, the U.S. Department of Energy announced $750 million in funding for 52 projects across 24 states to support clean hydrogen in America. That's excellent news for hydrogen stocks.
BP is in talks for a cross-border collaboration to explore gas field development from Trinidad to Venezuela, highlighting potential economic and geopolitical implications.
BP (BP) reachead $37.49 at the closing of the latest trading day, reflecting no change compared to its last close.
BP has a strong presence in refining and marketing spaces, providing support during periods of business turmoil and low oil prices.
On Wednesday, BP president for Trinidad and Tobago, Sir David Campbell met with Trinidadian energy minister Stuart Young and Venezuelan oil minister Rafael Tellechea.
BP PLC said on Thursday it was in talks with the Venezuela and Trinidad and Tobago governments to develop a gas field.
BP and ADNOC suspend a $2B bid for Israel's NewMed Energy amid the Israeli-Gaza conflict.
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