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Shell SHEL 1.61% said it hasn’t approached BP BP 3.03% and doesn’t plan to make an offer for its rival, denying that it was in talks over what would be largest oil deal in a generation. The ...
BP plc stock (NYSE: BP) is up around 7% year-to-date, slightly outpacing the S&P 500’s 2% gain. Trading at approximately $32 per share, the British oil major appears cheap on a relative ...
The chances that a rival oil company will take over BP Plc are slim right now, even as peers have been running the numbers, because of the firm’s size and complexity, said bankers from Moelis ...
Its Mumbai-listed subsidiary Castrol India Ltd. has a market value of about $2.4 billion. Shares of BP have fallen nearly 9% so far this year, giving the company a market value of about $77 billion.
BP is expected to post earnings of $0.76 per share for the current quarter, representing a year-over-year change of -24%. Over the last 30 days, the Zacks Consensus Estimate has changed -9.9%.
Shell's potential BP p.l.c. merger plans are aimed at boosting scale, capturing synergies, and strengthening its position. Click here to read why BP is a Buy.
BP hugging hydrocarbons, and pinning its future on them, inevitably leaves it exposed to the global oil price. Life is tolerable when it is high and the cash is rolling in. You have a bit of headroom.
BP p.l.c., an integrated energy company, provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments ...
BP now aims to grow oil and gas production. Across the energy sector, major companies that shifted their position in response to the need to lower carbon emissions and curb climate change have ...
BP said it would increase its investments in oil and gas by about 20% to $10bn (£7.9bn) a year, while decreasing previously planned funding for renewables by more than $5bn (£3.9bn).
BP will look to divest its lubricants unit, which operates under the Castrol brand and could potentially be worth about $10 billion, the people said, asking not to be identified as the matter is ...
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