BP Forex News
BP Posts RC Loss In Q2, Underlying RC Profit Beats View
British energy major BP Plc reported Tuesday a replacement cost or RC loss in its second quarter, compared to prior year's profit, hit by hefty charges and weak revenues. Underlying RC profit, however, beat market estimates, while revenues missed view. Further, bp said it intends to execute a $1.75 billion share buyback prior to reporting the third quarter results, and also announced $3.5 billion
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157 days ago
Bunge To Sell 50% Stake In BP Bunge Bioenergia JV In Brazil To BP
Bunge Global SA (BG) on Thursday entered into definitive agreements to sell its 50% share in BP Bunge Bioenergia to British energy major BP plc (BP.L, BP_UN.TO, BP), its joint venture partner.
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197 days ago
BP Q4 Underlying RC Profit Tops Market, Plans Share Buybacks; Stock Up
Shares of BP Plc were gaining around 6 percent in the morning trading on the London Stock Exchange as well as in pre-market activity on the NYSE after the British energy major reported Tuesday fourth-quarter underlying replacement cost or RC profit above market estimates. On a reported basis, RC profit and net profit were sharply lower than last year as revenues were hit mainly by lower production
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332 days ago
BP Claws Back $40 Mln In Pay From Former CEO Citing Serious Misconduct
BP Plc said it has forfeited a maximum of 32.43 million pounds or $40.59 million in potential remuneration from former CEO Bernard Looney after the British energy major determined that he knowingly misled the board regarding his personal relationships with colleagues. In a statement, BP said that Looney has been dismissed without notice effective on December 13.
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386 days ago
BP To Acquire Remaining 50.03% Interest In Lightsource Bp
BP plc (BP, BP.L) on Thursday agreed to acquire the remaining 50.03% interest it does not already own in Lightsource bp, one of the world's leading developers and operator of utility-scale solar and battery storage assets.
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400 days ago
BP Stock Dips As Q3 Profit Misses View; Plans Addl. $1.5 Bln Buyback
Shares of BP Plc were losing around 4 percent in the morning trading in London as well as in pre-market activity on the NYSE after the British energy major reported Tuesday weak underlying replacement cost profit in its third quarter, below market estimates, as revenues were hit by lower gas prices. On a reported basis, replacement cost profit was significantly higher.
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430 days ago
BP Posts RC Profit In Q1, Underlying RC Profit Down; Stock Dips
British energy major BP Plc reported Tuesday a replacement cost profit in its first quarter, compared to last year's hefty loss, while underlying replacement cost profit was lower as last year was benefited by surge in fuel prices following Russia's invasion of Ukraine. The company also announced a further $17.5 billion share buyback. BP shares were losing around 5 percent in the morning trading
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612 days ago
TravelCenters Of America To Be Acquired By BP In About $1.3 Bln Deal
TravelCenters of America Inc. (TA), the operator and franchisor of the TA, Petro Stopping Centers and TA Express travel center brands, announced Thursday that it has entered into a merger agreement with BP plc (BP), pursuant to which BP will acquire all of the outstanding shares of TA common stock for $86.00 per share in cash.
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687 days ago
BP Posts RC Profit In Q3, Underlying RC Profit Beats View; Lifts FY22 Production Forecast
British energy major BP Plc reported Tuesday a replacement cost or RC profit in its third quarter, compared to a loss last year, on strong growth in sales revenue. Underlying RC profit beat market estimates. Further, the company announced $2.5 billion share buyback, which is intended to be executed prior to announcing its fourth-quarter results.
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794 days ago
Hertz Partner BP To Develop National Network Of EV Charging Stations
Vehicle rental company Hertz Global Holdings, Inc. (HTZ) and British energy major BP plc (BP, BP.L) announced Tuesday the signing of a memorandum of understanding (MOU) for the development of a national network of EV charging stations powered by bp pulse, bp's global electrification and charging solution brand.
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829 days ago
