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Greece’s Νaftomar Shipping & Trading has emerged as the most likely buyer in a secretive, protracted sales process for up to six MR2 ships from oil major BP. TradeWinds reported last month that ...
BP Pulse celebrates the opening of the Pulse Gigahub EV charging station Wednesday, March 20, 2024, adjacent to the BP America Houston headquarters off Interstate 10 in Houston. Electric vehicle ...
If Shell Plc were to acquire BP Plc, it would be among the largest deals in European history, creating for the first time a European oil major that could challenge industry leaders Exxon Mobil ...
Oil and gas giant BP announced weaker first quarter 2025 results on Tuesday, as its gas trading and refining divisions lagged. Underlying replacement cost profit was at $1.4 billion (€1.2bn) in ...
BP may be forced to cut or even scrap its share buyback programmes over the next year unless oil prices recover, analysts say, adding that would increase pressure on its already underperforming shares ...
(Reuters) -Activist investor Elliott Management has urged BP to boost its free cash flow to $20 billion by 2027 from around $8 billion last year through significant spending cuts and cost ...
BP CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports.
BP and Shell trade at roughly eight to nine times earnings compared with 14 times for ExxonMobil and Chevron, two American oil giants. European majors face valuation penalties for underperforming ...
Business BP cutting 4,700 jobs worldwide as part of cost-saving drive A logo of BP at a gas station in London, on Nov. 1, 2022. Credit: AP/Kin Cheung ...
BP p.l.c. is a leading multinational oil and gas company headquartered in London, England. It primarily engages in the exploration, production, refining, distribution, and marketing of oil and ...
BP shares closed 4.3% higher, outperforming the sector (.SXEP) on Monday. BP shares have declined 15.5% so far this year, compared with a 1.4% drop for rival Shell.
In a report released today, Ryan Todd from Piper Sandler maintained a Hold rating on BP (BP – Research Report), with a price target of $36.00. The company’s shares closed last Friday at $29.72.
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