bp
BP is joining forces with NASA to establish a "sustained presence" on the Moon and Mars. The oil giant and the international space agency vowed to "cultivate further innovation in energy and space" as part of their new partnership. Ken Nguyen, a programme manager at BP, said: “As Nasa pursues a sustained presence on the Moon and Mars, we see a unique opportunity for BP and Nasa to work collaboratively on the forefront of digital technology that will cultivate further innovation in energy and space.” NASA is already working on the first lunar space station and with BP aims to establish living a...
BANG Showbiz English
Brent futures exceeded the $80 per barrel mark on Wednesday as Iran’s allegations regarding the assassination of Hamas political leader Ismail Haniyeh heightened tensions in the Middle East. Brent futures reach $80.32 per barrelThe ICE Brent contract for September delivery traded at $80.32 per barrel at 09:45 a.m. London time, marking a 2.15% increase from Tuesday’s closing price. Similarly, front-month September NYMEX WTI futures were at $76.55 per barrel, up by 2.44% from the previous day’s settlement. Conflict escalation impacts oil market dynamicsOil prices have climbed amid intensified ho...
Invezz
BP has reported an underlying replacement cost (RC) profit of $2.8 billion (€2.6 bn) for the second quarter, beating forecasts of $2.6bn (€2.4bn), thanks to high oil and gas prices that offset significantly reduced refining margins. The profit represented a 4% sequential increase from $2.7bn (€2.5bn) in the March quarter. The British oil giant raised its dividend by 10% to 8 US cents (€0.07) per share from 7.27 US cents, and extended the previously announced $3.5 billion (€3.2bn) share buyback programme. This brings the total investor returns to $7bn (€6.4bn) for 2024. BP shares initially rose...
Euronews (English)
BP, the British energy conglomerate, posted on Tuesday a second quarter replacement cost (RC) loss of $16 million compared to last year's $2.34 billion profit. Loss for the period attributable to bp shareholders was $129 million, compared to a profit of $1.79 billion last year. Loss per American Depository Shares (ADS) was $0.05, compared to profit of $0.60 per ADS a year earlier. Underlying RC profit was $2.76 billion, compared to $2.59 billion last year. Underlying RC profit per ordinary share was 16.61 cents, compared to 14.77 cents a year ago. Underlying RC profit per ADS was $1.00, compar...
DPA International
BP, the British energy conglomerate, posted on Tuesday a second quarter replacement cost (RC) loss of $16 million compared to last year's $2.34 billion profit. Loss for the period attributable to bp shareholders was $129 million, compared to a profit of $1.79 billion last year. Loss per American Depository Shares (ADS) was $0.05, compared to profit of $0.60 per ADS a year earlier. Underlying RC profit was $2.76 billion, compared to $2.59 billion last year. Underlying RC profit per ordinary share was 16.61 cents, compared to 14.77 cents a year ago. Underlying RC profit per ADS was $1.00, compar...
DPA
BP, the British energy conglomerate, posted on Tuesday a second quarter replacement cost (RC) loss of $16 million compared to last year's $2.34 billion profit. Loss for the period attributable to bp shareholders was $129 million, compared to a profit of $1.79 billion last year. Loss per American Depository Shares (ADS) was $0.05, compared to profit of $0.60 per ADS a year earlier. Underlying RC profit was $2.76 billion, compared to $2.59 billion last year. Underlying RC profit per ordinary share was 16.61 cents, compared to 14.77 cents a year ago. Underlying RC profit per ADS was $1.00, compar...
DPA Breaking News
BP, which had been making considerable strides in renewable energy, has recently announced that it would be scaling back on its sustainable energy plans, while refocusing on oil and gas for the foreseeable future. It also announced that it would be implementing a halt on new hiring across the company, as well as temporarily stopping new offshore wind projects. This is mainly due to growing investor anxiety and discontent about the oil giant’s big plans to invest in renewable energy projects, which are considerably capital-heavy. These are viewed as unlikely to generate much returns in the next...
Euronews (English)
Research has revealed the largest legal settlements in history and how much these enormous payouts would be worth in today’s economy. The Top Ten Largest Lgal SettlementsAmong the settlements was the infamous case that saw Volkswagen exposed for deceiving customers by rigging 11 million vehicles to cheat emissions tests. At the time of settlement, the German car manufacturers were ordered to pay $14.7 billion to settle civil charges, as well as reimbursements to those deceived customers. Since the settlement, inflation has dictated that the value of this payout sits at a hefty $18.6 billion, a...
ValueWalk
London (AFP) - BP has agreed to buy US renewable gas producer Archaea for $4.1 billion to help the British oil giant reach net zero carbon emissions by 2050, the pair said Monday. The London-listed energy major is flush with cash after recent surges in oil prices that have triggered calls for the cash-strapped UK government to massively enlarge a windfall tax on British energy giants. Chief executive Bernard Looney said in a statement Monday that the acquisition of Archaea would create "a real leader in the biogas sector, and support our net zero ambition". Houston-based Archaea produces renew...
AFP
BP plc (LON:BP)’s total second quarter revenue was 85% higher than last year to $69.5bn, driven by growth across all segments. That includes the benefit of higher energy prices. Underlying profit rose from $2.8bn to $8.5bn. The group announce a dividend of 6.006 cents per share, 10% higher than last year. During the quarter, $2.3bn of share buybacks were executed and the $2.5bn buyback programme is now complete. A new, $3.5bn buyback is expected to complete prior to the announcement of third quarter results. Q2 2022 hedge fund letters, conferences and more The shares rose 3.6% following the an...
ValueWalk
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