News
BP
40.06
+1.03%
0.41
BP Considered for Takeover by ADNOC but Deemed Unsuitable
NASDAQ · 4h ago
What's Going On With BP Shares Premarket Friday?
United Arab Emirates’ state-owned oil company Abu Dhabi National Oil Company (ADNOC) considered buying BP. The deal did not progress beyond preliminary discussions. ADNOC decided that BP would not be the right fit for its strategy. BP has underperformed its competitors for years.
Benzinga · 6h ago
BREAKINGVIEWS-BP takeover is both appealing and daunting
Breakingviews: BP takeover is both appealing and daunting. The $110 billion energy group is cheap relative to rivals and has attractive assets. Abu Dhabi National Oil Company has considered a swoop on the British company. Antitrust and security concerns are a daunting deterrent. BP's depressed shares make it an appealing target.
Reuters · 7h ago
Deals of the day-Mergers and acquisitions
Japan's Mitsubishi UFJ Financial Group is buying a 20% stake in HDFC Bank's HDB Financial Services. United Arab Emirates' state-owned oil company recently considered buying BP BP.L. Societe Generale agrees to sell shares to a Moroccan conglomerate.
Reuters · 7h ago
UPDATE 1-London shares eye weekly gains as miners spark rally
London shares eye weekly gains as miners spark rally. FTSE 100 up 1%, FTSe 250 adds 0.9% UK GDP grows 0.1% in February, on course to exit a shallow recession. Precious metal miners led the rally, with gold prices hitting a historic peak.
Reuters · 8h ago
UPDATE 2-FTSE 100 sets near record close as commodity stocks shine
Britain's FTSE 100 closes 0.9% higher at record high of 7,995.58. Commodity-linked stocks rise as gold prices hit record and oil prices soar. UK GDP grows 0.1% in Feb, on course to exit shallow recession. BP rises after ADNOC's reported takeover interest.
Reuters · 8h ago
London stocks set for weekly gains; miners lead gains
London stocks set for weekly gains; miners lead gains; Britain's economy grew in February. FTSE 100 up 0.8%, FTSe 250 index rises 0.9%. Precious metal miners led sectoral gains after gold prices rose to a historic peak. Britain's economic output grew by 0.1% in February, showing signs of exiting inflation.
Reuters · 10h ago
UK Stocks-Factors to watch on April 12
Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures up 0.4%. United Arab Emirates' state-owned oil company recently considered buying Britain's BP BP. Oil prices rise amid heightened tensions in the Middle East. Gold prices climb to hit a historic peak.
Reuters · 12h ago
CANADA-CRUDE-Heavy oil differential tightens
Western Canada Select heavy crude differential narrows to $13.60 a barrel below West Texas Intermediate. Canadian heavy crude differentials have tightened sharply this month. WCS for May delivery in Hardisty, Alberta, settled at $14.30 below the benchmark on Wednesday. Heavy crude refining capacity globally exceeding heavy oil production growth.
Reuters · 17h ago
Exxon CEO's 2024 total pay bumped up 3% to $36.9M; Chevron CEO pay rose 12%
Energy Exxon CEO's 2024 total pay bumped up 3% to $36.9M; Chevron CEO pay rose 12% to $26.5M. CEO Darren Woods' total pay was 199x the median pay for an Exxon worker. The U.S. Supermajors' pay packages far exceed their European counterparts.
Seeking Alpha · 18h ago
Chevron, Occidental raised at Scotiabank; PBF Energy a potential positive Q1 surprise
Chevron, Occidental raised at Scotiabank; PBF Energy a potential positive Q1 surprise. The bank expects oil majors to report lower Q/Q earnings due to weaker trading results and rising oil prices. BP faces the biggest potential downside surprise from the Whiting refinery outage. Chevron and Occidental upgraded to Sector Outperform from Sector Perform.
Seeking Alpha · 22h ago
EXCLUSIVE-UAE's ADNOC recently eyed BP as takeover target, sources say
UAE's ADNOC recently eyed BP as takeover target, sources say. Abu Dhabi National Oil Company decided BP would be the right fit for its strategy. Political considerations also weighed on the potential move. The 88 billion-pound company has underperformed its competitors for years.
Reuters · 22h ago
Adnoc recently eyed BP as a takeover target - Reuters
Energy M&A Adnoc recently eyed BP as a takeover target - Reuters. Political considerations also weighed on the deal evaluation, according to Reuters. AdnOC's interest in BP (BP) didn't progress beyond preliminary talks, the report says. The company declined to comment on the report.
Seeking Alpha · 23h ago
Exclusive: UAE's ADNOC Recently Eyed BP As Takeover Target; ADNOC's Interest In BP Didn't Progress Beyond Preliminary Discussions; BP Not The Right Fit For ADNOC's Strategy; Political Considerations Also Weighed On Deal Evaluation; ADNOC, BP Decline To Comment
Benzinga · 23h ago
COLUMN-Investors bet on further rise in US gasoline prices: Kemp
Investors have amassed one of the largest bullish positions in U.S. Gasoline futures and options. John Kemp says investors bet on further rise in US gasoline prices. Low inventories, employment gains, strong household income growth expected to keep gasoline consumption high. He says an active hurricane season is expected to put pressure on prices in 2024.
Reuters · 23h ago
RPT-COLUMN-Investors bet on further rise in US gasoline prices: Kemp
Investors have amassed one of the largest bullish positions in U.S. Gasoline futures and options. John Kemp says investors are betting on a further rise in US gasoline prices. He says low inventories, employment gains and an active hurricane season are expected to keep consumption high. The prospect of a strong hurricane season in 2024 is likely to put pressure on prices, he says.
Reuters · 23h ago
BP Is Maintained at Sector Outperform by Scotiabank
Dow Jones · 1d ago
BP Price Target Raised to $47.00/Share From $45.00 by Scotiabank
Dow Jones · 1d ago
Scotiabank Maintains Sector Outperform on BP, Raises Price Target to $47
Benzinga · 1d ago
BP Is Maintained at Equal-Weight by Wells Fargo
Dow Jones · 1d ago
More
Webull provides a variety of real-time BP stock news. You can receive the latest news about Bp Plc through multiple platforms. This information may help you make smarter investment decisions.
About BP
BP p.l.c. provides energy products and services to its customers. The Company's segments include gas & low carbon energy, oil production & operations and customers & products. The gas & low carbon energy segment comprises its gas & low carbon businesses. Its gas business includes regions with upstream activities that predominantly produce natural gas, integrated gas and power, and gas trading. Its low carbon business includes solar, offshore and onshore wind, hydrogen and CCS, power trading, and its share in bp Bunge Bioenergia. Its oil production & operations segment comprises regions with upstream activities that predominantly produce crude oil, including bpx energy. The customers & products segment comprises its customer-focused businesses, which include convenience and retail fuels, electric vehicle charging, as well as Castrol, aviation and business-to-business and midstream. It also includes its products businesses, refining & oil trading, as well as its bioenergy businesses.