In the latest trading session, BP (BP) closed at $41.9, marking a +2% move from the previous day.
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BP has had an on-again, off-again relationship with climate tech. Now, it's definitely “off.
BP simplifies its venture portfolio through a Verdane deal while retaining select strategic investments with long-term value potential.
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BP PLC (LSE:BP.) expects higher oil and gas prices to offset lower production in the second quarter, while net debt is forecast to fall sharply despite a $1 billion impairment charge.
Quarterly reported upstream production is expected to range from 2.17 million to 2.22 million barrels of oil equivalent a day, compared with 2.34 million barrels of oil equivalent a day in the first quarter.
BP (BP) reached $38.55 at the closing of the latest trading day, reflecting a -1.68% change compared to its last close.
BP CEO Meg O'Neill said on Thursday the British energy major needs to prioritise financial discipline by simplifying its portfolio, cutting costs and tightening capital spending, as the company refocuses on its core oil and gas investments.
BP (BP) closed at $39.21 in the latest trading session, marking a +1.55% move from the prior day.
BP PLC (LSE:BP.) and other oil producers led gains in London on Wednesday morning after crude prices climbed to a two-week high following fresh US military strikes on targets in Iran that renewed concerns over energy supplies through the Strait of Hormuz.
BP has agreed to sell its stake in the Bay du Nord offshore oil project in Canada to partner Equinor as the British energy major sharpens its focus on higher-return opportunities.