BP PLC (BP)

BP News & Analysis

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  Oil prices steady after U.S. stockpiles swell

  By Shadia Nasralla LONDON (Reuters) -Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and...

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  Big Oil doubles profits in blockbuster 2022

  By Ron BoussoLONDON (Reuters) - Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of...

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  ICYMI - BP, in a reversal, says it will produce more oil and gas

  Via the New York Times (gated) comes the news on BPO backtracking on previous promises to cut productions (made in response to climate demands). BP’s chief executive, Bernard Looney,...

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  BP makes record profit in 2022, slows shift from oil

  By Ron Bousso and Shadia Nasralla LONDON (Reuters) - BP (LON:BP) reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by...

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  5 big earnings reports: BP's record year, Softbank's loss

  By Davit Kirakosyan Investing.com -- |BP reported a record annual profit, leading to further share buybacks and a dividend hike. And here are all 5 of the biggest earnings reports you may...

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  European stocks mixed; German industrial production weighs while BP shines

  By Peter Nurse Investing.com - European stock markets traded in a mixed fashion Tuesday, with weak German industrial production data weighing while strong {{erl-284||results from oil giant...

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  BP posts record annual profit of $28B

  By Scott Kanowsky  Investing.com -- BP PLC (LON:BP) has unveiled annual income that more than doubled to a fresh record high, leading the oil major to kick off a fresh round of share...

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  European stock futures edge higher; BP, BNP Paribas results in focus

  By Peter Nurse  Investing.com - European stock markets are expected to open slightly firmer Tuesday, with investors digesting important corporate earnings from the likes of oil giant BP...

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  Powell speaks, BP reports, Chipotle earnings: 3 things to watch

  By Liz Moyer Investing.com -- Stocks drifted lower on Monday, unable to muster a rally ahead of a key appearance by Federal Reserve Chair Jerome Powell and the State of the Union address on...

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  Forties strengthens, BP sells cargo

  North Sea Forties crude oil differentials strengthened on Friday on stronger bids and offers, while BP sold Petroineos a cargo, according to two trade sources. PLATTS WINDOW Indications are...

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  Earnings Previews: BP, Centene, Linde

  Here are our previews of BP, Centene, Linde, which will report earnings before U.S. markets open on Tuesday.

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  ECB raises rates but euro falls

  The euro is catching its breath on Friday after some sharp swings over the past two days. EUR/USD is trading quietly at the 1.09 line. Fed, ECB send euro on a wild ride This week’s central...

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  BP says demand for oil and gas will drop dramatically by 2050 in ‘decisive shift’

  Energy giant BP predicts oil and gas will become a dramatically smaller part of the global energy mix by 2050, while zero-carbon alternatives like wind and solar energy will continue to...

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  Russia’s invasion of Ukraine will reduce oil and gas consumption while speeding up transition to cleaner fuels, BP says

  The Russian invasion of Ukraine will reduce demand for oil and natural gas and speed up the transition to cleaner products, according to oil giant BP. BP, in its annual energy outlook, said...

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  News24.com | BP cuts oil demand outlook on Ukraine war

  The worldwide transition away from fossil fuels could be accelerated by the Ukraine-Russia war, British energy giant BP forecast on Monday.

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  : Russia’s invasion of Ukraine will reduce oil and gas consumption while speeding up transition to cleaner fuels, BP says

  The Russian invasion of Ukraine will reduce demand for oil and natural gas and speed up the transition to cleaner products, according to oil giant BP.

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  Big Oil poised to smash annual profit records — sparking outcry from campaigners and activists

  Energy giants are expected to use their windfall profits to reward shareholders with higher dividends and share buybacks.

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  Rand weakens after smaller rate hike

  At 10:09, the rand traded at R17.22 against the dollar.

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  FPSO vessel for the bp-operated Greater Tortue Ahmeyim project successfully sets sail for project site

  The floating production, storage and offloading (FPSO) vessel for the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project has started its journey towards the project...

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  Euro hits 9-month high but pares gains

  The euro has started the week with gains. EUR/USD briefly punched above the 1.09 line earlier today, for the first time since April but has pared these gains. Tough ECB talk boosts euro The...

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  Forties rises back to premium on BP bid

  North Sea Forties crude oil differentials rose back to a premium to dated Brent on Friday, their highest in about a month. Stronger demand is supporting differentials in the North Sea and...

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  EUR/USD drifting continues

  The euro continues to have a very quiet week, as EUR/USD appears content to trade around the 1.08 line. Lagarde brings her message to Davos It’s difficult to think of ECB President Lagarde...

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  2022 matric results: Top-performing independent schools in South Africa

  These are the top IEB matric achievers and their results.

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  Hertz is bringing thousands of EVs and chargers to the city of Denver in a broad new partnership

  Hertz will add more than 5,000 electric vehicles to its Denver rental fleet, will install public EV chargers and will offer training in and around the city.

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  Wednesday’s Top Analyst Upgrades and Downgrades: BP, Exxon Mobil, Kroger, Microsoft, RingCentral, Wayfair, Wendy’s and More

  Wednesday's top analyst upgrades and downgrades included BP, ConocoPhillips, Equity Residential, Exxon Mobil, Global Payments, Kroger, Microsoft, NRG Energy, RingCentral, Valero Energy,...

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  BP produced 20.4 mln tonnes of oil in Azerbaijan in 2022 – ministry

  BP BP.L produced 20.4 million tonnes of oil in Azerbaijan in 2022, the energy ministry said on Friday. Gas production from the Azeri-Chirag-Guneshli (ACG) field totalled 13.4 billion cubic...

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  BP doubles crude output from Gulf of Mexico Thunder Horse platform

  Oil major BP BP.L on Thursday said it doubled crude output from its Thunder Horse project in the U.S. Gulf of Mexico. Production at the platform ramped up to more than 200,000 barrels of oil...

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  GBP/USD edges higher as GDP outperforms

  The British pound is slightly higher on Friday. GBP/USD is trading at 1.2234, up 0.24%. The pound has enjoyed a solid week, with gains of 1.2%. US inflation drops again US inflation...

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  BP hires Equinor exec to lead ventures business

  By Ron Bousso LONDON (Reuters) – BP has appointed Gareth Burns to head its global ventures division which oversees the company’s investments in start-up technologies as part of its shift...

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  Australian dollar shrugs as CPI jumps

  The Australian dollar is trading quietly on Wednesday. AUD/USD is at 0.6904, up 0.14%. Australian CPI climbs to 7.3% Australian inflation pushed higher in November, rising to 7.3% following...

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  Oil edges up, traders awaiting U.S. inventory, inflation data

  By Barani Krishnan Investing.com -- Crude prices edged higher for a second straight day on Tuesday as traders awaited U.S. oil inventory data and a much-anticipated government report on...

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  AUD/USD edges lower, CPI next

  The Australian dollar is in negative territory on Tuesday. In the European session, AUD/USD is trading at 0.6898, down 0.21%. This follows a two-day rally in AUD/USD climbed over 2%....

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  Euro on hold ahead of Eurozone CPI

  It has been a busy week for EUR/USD, although the currency is unchanged on Friday. We could see some volatility before the weekend, with the release of the eurozone inflation and US...

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  BP raises oil investments in the U.S. as inflation hits

  BP PLC BP.L said on Wednesday it planned to expand investments in the Gulf of Mexico and Texas, where it has its two top U.S. oil and gas production operations. The increase comes as...

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  BP To Significantly Boost Investment In U.S. Oil

  Moving in lockstep with the Biden Administration’s calls for U.S. oil and gas companies to expand production, London-based BP Plc has unveiled plans to boost spending in the American oil...

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  : BP started at buy with $44 stock price target at Gerdes Energy Research

  This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about...

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  Investors ramp up pressure on Big Oil firms to set 2030 climate targets

  By Ron Bousso and Sabrina Valle LONDON (Reuters) -A group of investors has tabled resolutions urging four of the world's top oil and gas companies to set broad climate targets for 2030,...

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  ECB: Doubts on pace of rate hike, but more concerned about balance sheet reduction

  By Alessandro Albano Investing.com - A day after the Fed, the European Central Bank will announce on Thursday at 14:15 CET its decision on interest rates which, according to market...

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  Fed and ECB in focus: Could there be surprises? Keep an eye on the betting pools

  By Laura Sánchez Investing.com - Markets are mixed this Friday - IBEX 35, CAC 40, DAX - with investors keeping an eye on next week when the U.S. Federal Reserve (Fed) and the...

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  BP doubles down on hydrogen as fuel of the future

  By Ron Bousso LONDON (Reuters) - BP (LON:BP) chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major economies stump up...

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  China loosens monetary policy again with 25 bp reserve ratio cut

  By Geoffrey Smith Investing.com -- China's central bank loosened monetary policy again on Friday, the latest in a string of official attempts to shore up a financial system struggling with...

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  European oil firms climb as Saudi Arabia rejects reports of OPEC+ output increase

  By Scott Kanowsky  Investing.com -- Shares in European energy firms rose on Tuesday after Saudi Arabia denied news reports that OPEC and its allies are eyeing a potential output increase at...