BP p.l.c. Sponsored ADR (BP)
Goldman slashes oil price forecasts as supply risks and trade war fears mount
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 kicks off search for next chair as Helge Lund plans to step down
BP PLC (LSE:BP.) has begun the process of appointing a new chair after Helge Lund told the board he plans to step down.
BP chair Helge Lund 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.
Investors Heavily Search BP p.l.c. (BP): Here is What You Need to 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 share price continues to underperform: is it a contrarian buy?
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) Flat As Market Gains: What You Should Know
BP (BP) reachead $33.81 at the closing of the latest trading day, reflecting no change compared to its last close.
Is BP the next Suncor? Elliott's playbook explained by an investor who knows the activist hedge fund well
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.
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.
