Why A Scaling Down Of Renewable Energy Plans By BP Was Inevitable
When the news arrived that BP (LON: BP) was scaling down its renewable energy ambitions, it didn't hold much of a surprise. In fact, for market observers there was a certain level of inevitability about it.
BP, ExxonMobil Provide A Contrast In Energy Transition Strategies
Reuters reports that new BP CEO Murray Auchincloss announced this week that his company will impose a hiring freeze and pause investments in new wind energy projects in an effort to make the UK-based major more competitive and attractive to investors. The moves come amid rising dissatisfaction from top BP shareholders over the company's strategies related to renewables and other investments aimed at improving its ESG ratings.
Focus: BP halts hiring, slows renewables roll-out to win over investors
BP's new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said.
On Day of Fatal BP Refinery Blast, 3,712 Safety Alarms and One Unsent Email
BP supervisors played down workers' concerns about an Ohio refinery spiraling into chaos, missing multiple opportunities to prevent a September 2022 explosion that killed two brothers, federal investigators found in a new report this week.
BP (BP) Stock Slides as Market Rises: Facts to Know Before You Trade
BP (BP) closed at $36.08 in the latest trading session, marking a -0.47% move from the prior day.
BP Stock Flat This Year, What Now?
With the stock flat so far this year, at the current price of around $35 per share, we believe BP plc stock (NYSE: BP), a European integrated energy major, could go higher in the long term. BP's underlying replacement cost profit was down by almost half in Q1 2024, to $2.72 billion from $4.96 billion from the year-ago quarter.
BP management's latest deal is “favourable” - analyst
BP PLC (LSE:BP.) new management team got the endorsement of analysts at Citigroup, who described two recent transactions as “favourable”.
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
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.
BP (BP) Outperforms Broader Market: What You Need to Know
In the most recent trading session, BP (BP) closed at $35.39, indicating a +0.8% shift from the previous trading day.
BP tipped to see growth from US shale business
BP PLC (LSE:BP.) American shale business will be a large part of the group's growth over the remainder of the decade, analysts at RBC today highlighted in a note.
BP: After A Big Pullback, It's Time To Lock In A 5% Yield On This Oil Giant
Energy stocks in correction, new buying opportunities emerging. BP's stock is trading below several moving averages with the potential for strong total returns. BP's low PE ratio, high dividend yield, and strong balance sheet make it an attractive long-term investment opportunity.
Here's Why Retain Strategy is Apt for BP Stock Right Now
BP has a strong presence in refining and marketing spaces, providing support during periods of business turmoil and low oil prices.
