BP Stock News

The return to service of BP's Whiting, Indiana refinery has been delayed, industry sources said.

INDIANAPOLIS , Nov. 18, 2024 /PRNewswire/ -- Corteva Inc. (NYSE: CTVA) announced today a collaboration with bp (NYSE: BP, LSE: BP.L) on the companies' shared intent to form a crop-based biofuel feedstock joint venture (JV). The JV envisaged by Corteva and bp would produce and deliver crop-based biofuel feedstocks to help meet the anticipated growth in demand for 'sustainable aviation fuel' (SAF).

Leading energy companies TotalEnergies , BP , Shell and Equinor announced a $500-million joint investment commitment, aimed at increasing people's access to sustainable modern energy sources.

BP's transition to a green, renewable business model has led to a significant decline in oil production and financial performance.  The pivot back into oil will not succeed. BP's 2024 profits plummeted from $14.9 billion to $2.34 billion, with revenues down 9% and net debt increasing by $2 billion. BP's oil output has been declining by about 10% annually since 2017, with only 3.75 billion barre...

BP p.l.c.'s recent management changes and strategic moves, including the Travel Centers of America acquisition, signal a renewed focus on profitable capital projects, making the stock a potential buy. The company's strong presence in the Gulf of Mexico and strategic stakes in global projects like ADNOC and Shah Deniz bolster its upstream portfolio. Despite skepticism about renewables, BP's vent...

With oil near its one-year low and natural gas near its five-year low, oil and gas producers are on sale; with offering yields over 4%. Thirty-nine energy producers were evaluated by means of a multi-factor relative value matrix and ranked from most to least favorable. Based on this evaluation, EQNR, VRN, MGYOY, PCCYF, and CHRD appear to be the best prospects.

A rather unsubtle change is afoot at the world's two British oil majors - BP (LON: BP) and Shell (LON: SHEL). Having pledged and burnt millions on renewable energy moves under their former bosses, both are now turning to traditional oil and gas plays to earn back more than few millions under current ones.

Poland's BNP Paribas BP posted a higher-than-expected 43% jump in third-quarter net profit on Friday, supported by strong core revenues and lower provisions for legal risks associated with Swiss franc mortgages.