BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to BP (BP). This makes it worthwhile to examine what the stock has in store.
Last Call as Oil Heads Back to $80: Investors Are Buying 5% High-Yield Dividend Giants
24/7 Wall St. Insights After a solid start to 2024, the energy sector is up less than 5%.
Aggressive windfall taxes pose risk to UK energy security, says Stifel
An aggressive increase in windfall taxes could cause a too-rapid decline in UK gas production and could threaten up to 100,000 jobs, Stifel analysts have warned. Stifel's comments came in a research piece analysing the potential impact of Labour chancellor Rachel Reeves increasing the rate of windfall taxes in the upcoming October Budget.
BP ‘abandoning plan to cut oil output' angers green groups
Reports of strategy reset leave campaigners saying company is prioritising profits over planet
BP shifts gears, scales back renewables to regain investor trust: report
BP has scrapped its commitment to cut oil and gas production as CEO Murray Auchincloss shifts the focus back to traditional energy sources in response to investor demands for improved returns, according to a report by Reuters.
BP to abandon target to reduce oil and gas production
BP PLC (LSE:BP.) chief executive Murray Auchincloss will unveil a refined strategy early next year that will no longer include a target to cut oil and gas output by 2030.
Exclusive: BP drops oil output target in strategy reset, sources say
BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.
Government firms up £22bn support for carbon capture sector
Britain's carbon capture and storage sector will get just under £22 billion worth of support from the government. Chancellor Rachel Reeves firmed up the plans overnight ahead of a visit to the northeast alongside prime minister Keir Starmer and energy secretary Ed Miliband on Friday, Following reports of the move earlier this week.
Carbon capture sector set for £22bn backing from government
Britain's government is reportedly gearing up to unveil £22 billion worth of backing for the carbon capture and storage sector on Friday. Two so-called carbon capture clusters will be granted funding by the government under the plan, according to the Financial Times.
Dividend Harvesting Portfolio Week 187: $18,700 Allocated, $1,744.63 In Projected Dividends
The Dividend Harvesting Portfolio reached an all-time high, up 24.24% on invested capital, generating $1,744.63 in forward dividend income with a 7.51% yield. I added to positions in Ford and BP, viewing them as undervalued with strong future potential due to favorable macroeconomic conditions. The portfolio's diversification aims to mitigate downside risk, with a focus on dividend-paying equities and funds, maintaining sector thresholds to balance risk.
BP (BP) Stock Dips While Market Gains: Key Facts
BP (BP) closed at $31.39 in the latest trading session, marking a -0.1% move from the prior day.
BP Is A European Oil Company With Strong Return Potential
BP has a market cap over $80 billion, strong EBITDA, and a nearly 6% dividend yield, showcasing robust shareholder returns. The company plans to grow EBITDA by 6% with new projects and LNG expansion, supported by manageable debt and double-digit FCF yield. BP's Gulf of Mexico operations highlight its impressive reserves and production capabilities, with significant investments in growth projects like Kaskida FID.
