BP Secures Israeli Offshore Gas Licenses With SOCAR, NewMed
BP expands its natural gas portfolio, joining SOCAR and NewMed in exploring Israel's offshore reserves after winning six key licenses.
BP (BP) Stock Declines While Market Improves: Some Information for Investors
BP (BP) reachead $33.79 at the closing of the latest trading day, reflecting a -0.21% change compared to its last close.
BP: When The Facts Change (Rating Upgrade)
BP's strategic reset addresses previous concerns by boosting oil and gas CAPEX and cutting underperforming renewable investments, aiming to reduce debt through asset disposals. The stock has rebounded since the reset announcement, with activist investor Elliott Management pushing for further strategic changes and board adjustments. BP plans to cut overall CAPEX while increasing oil and gas investments, targeting 2.3-2.5 MMBOE/day production by 2030, reversing its 2020 strategy.
BP Approves Ginger Gas Project Offshore Trinidad & Tobago
BP moves ahead with its Ginger gas project in Trinidad, adding to its growing offshore portfolio and advancing its $10B annual upstream investment plan.
BP to Offload 260+ Austrian Retail Sites, EV Assets by Q3
BP plans to divest its Austrian fuel and EV assets, including 260+ retail sites, as part of a $20B disposal program targeting a sales agreement by Q3 2025.
BP Gets Final Approval for Iraq's Kirkuk Oil Redevelopment
BP receives the Iraqi government's final approval to redevelop Kirkuk oil fields, aiming to produce more than 3 billion barrels and boost Iraq's energy sector.
Why BP is exiting the Austrian mobility and convenience sector
BP, the British multinational oil and gas company, announced on Thursday that it intends to divest its mobility and convenience business in Austria. This strategic move is part of BP's broader portfolio restructuring efforts under the leadership of CEO Murray Auchincloss, who has implemented a “reset strategy” for the company.
BP to sell over 260 retail stores, EV charging assets and more in Austria
BP said on Thursday it plans to sell its mobility and convenience business in Austria, as the oil giant reshapes its portfolio under CEO Murray Auchincloss' reset strategy.
BP weighs stake sales in two Gulf of Mexico projects, sources say
BP is weighing the sale of minority stakes in two Gulf of Mexico projects, with each project estimated to be worth billions of dollars to the company, two sources with knowledge of the matter said on Wednesday.
BP receives final green light from Iraq government on Kirkuk project
BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial plan to produce 3 billion barrels of oil equivalent, BP said on Wednesday.
BP's Strategy Under Scrutiny as Elliott Pushes for Further Changes
Elliott Management is pressuring BP for deeper cost cuts, asset sales and leadership changes as the oil giant pivots back to hydrocarbons.
Proxy advisor ISS recommends votes for re-election of BP board, executives
Proxy advisor Institutional Shareholder Services Inc (ISS) recommends that shareholders vote in favour of the re-election of BP's board and management at the April 17 annual general meeting, according to a document seen by Reuters.
