The company expects upstream production to be lower than the previous quarter due to already announced divestments in Egypt and Trinidad.
Liberation Day saw markets plummet due to reciprocal tariffs, with the S&P 500 and Nasdaq falling by approximately 7.9%, erasing last year's gains. Despite the market's knee-jerk reaction, I believe there isn't enough data to support the rapid descent in equities and remain optimistic. The Dividend Harvesting Portfolio experienced its largest weekly loss but continues to generate significant dividend income, reinforcing my confidence in its long-term strategy.
BP pauses its Castellon clean jet fuel project in Spain, citing slower-than-expected market growth as it reevaluates low-carbon spending plans.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
BP's Trinidad and Tobago unit has begun delivering gas from the Cypre project, a key step in its plan to bring 10 major upstream projects online by 2027.
Goldman Sachs has cut its 2024 oil price forecasts, citing rising supply from OPEC+ and growing fears that a global trade war could tip economies into recession. Brent crude is now expected to average $69 a barrel this year, down 5.5%, while WTI has been revised to $66, a 4.3% cut.
BP PLC (LSE:BP.) has begun the process of appointing a new chair after Helge Lund told the board he plans to step down.
Oil major BP said on Friday its chair Helge Lund intends to step down and the company had kicked off the process to pick his successor.
BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The BP share price has lagged behind its peer companies in the past few years. Its stock jumped by about 60% in the last five years.
BP (BP) reachead $33.81 at the closing of the latest trading day, reflecting no change compared to its last close.
Activist investors rarely make quiet entrances, and Elliott Advisors is no exception. The US hedge fund has taken a near 5% stake in BP PLC (LSE:BP.