BP (BP) closed the most recent trading day at $34.11, moving -1.27% from the previous trading session.
BP secures $1 billion from Apollo for a 25% TANAP stake, unlocking capital while maintaining influence in the Azerbaijan-Turkiye pipeline. Closing is expected in Q2 2025.
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Activist investor Elliott Management has met several large shareholders in BP to try to forge a consensus for more changes at the oil major that could include cost cuts and a potential leadership reshuffle, two shareholders told Reuters.
BP on Friday said U.S.-based asset management firm Apollo Global's managed funds will buy a 25% non-controlling stake in its unit, BP Pipelines (TANAP), for about $1 billion.
BP activist investor Follow This plans to call for a vote against Chair Helge Lund's reappointment at its April 17 shareholder meeting, claiming he should have offered investors a say on scrapping energy transition targets.
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BP (BP) reachead $34.22 at the closing of the latest trading day, reflecting a +1.36% change compared to its last close.
BP plans to sell 50% of Lightsource BP to a strategic partner, with bids due in June. This is part of its strategy to cut costs and boost returns amid investor pressure.
BP plc BP is flashing strong technical signals, with bullish momentum building just as the stock approaches a Golden Cross — a classic indicator of potential upside.
Israel awarded licences to BP , Azeri national oil firm Socar and local company NewMed Energy on Monday to explore for natural gas in Israeli waters as the country seeks to boost domestic gas reserves and expand exports.
The strong demand for oil and gas has prompted major energy companies like BP, ExxonMobil, and Chevron to reevaluate their strategies.