BP: Finally We See A Catalyst
According to Reuters, BP's management has abandoned its previous target to reduce production, now aiming to "reset" its strategy in favor of more oil & gas. Essentially following Shell's playbook, ...
BP Plans to Divest Offshore Wind Stakes, Cut Back on Renewables
BP remains focused on developing offshore wind projects. However, the company will prioritize its high-margin businesses rather than aggressively reducing emissions.
BP reportedly mulling offshore wind stake sale
BP PLC (LSE:BP.) is reportedly considering selling a minority stake in its offshore wind business under efforts to further scale back renewable energy operations.
BP Faces Headwinds Over Weaker Refining Margins & Sluggish Oil Demand
BP's third-quarter refining margins are expected to drop $400-$600 million sequentially. The company also anticipates higher net debt in the quarter.
BP says lower refining margins will hit profits by up to $600 million
BP said it expects the global slump in refining margins will see it take a $400 million to $600 million hit to its profits after Shell made a similar warning this week
BP refining margins drop sharply as oil price weakens
BP PLC (LSE:BP.) has warned that weak refining margins and lower oil prices have affected its third-quarter numbers.
BP says weak refining margins to hit Q3 profit
BP said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous three months.
Bullish On Oil? Check Out These 5 Energy Dividends
If you're reading this, I assume you are already bullish on oil. Or at least intrigued by the upside possibility.
Last Call as Oil Heads Back to $80: Investors Are Buying 5% High-Yield Dividend Giants
24/7 Wall St. Insights After a solid start to 2024, the energy sector is up less than 5%.
BP to abandon target to reduce oil and gas production
BP PLC (LSE:BP.) chief executive Murray Auchincloss will unveil a refined strategy early next year that will no longer include a target to cut oil and gas output by 2030.
Exclusive: BP drops oil output target in strategy reset, sources say
BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge o...
Government firms up £22bn support for carbon capture sector
Britain's carbon capture and storage sector will get just under £22 billion worth of support from the government. Chancellor Rachel Reeves firmed up the plans overnight ahead of a visit to the nort...
BP (BP) Stock Dips While Market Gains: Key Facts
BP (BP) closed at $31.39 in the latest trading session, marking a -0.1% move from the prior day.
BP Eyes Growth in India, Holds Board Meeting to Explore Options
BP seeks to expand its footprint in India, focusing on its partnership with Reliance and leveraging its expertise to support the country's energy transition and sustainability goals.
BP scouts for opportunities in India, to hold board meeting
Global energy major BP said on Wednesday it is holding a board meeting in India this week, as it scouts for more opportunities in the country.
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