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BP (BP) Registers a Bigger Fall Than the Market: Important Facts to Note
Zacks Investment Research· 2024-05-01 23:01
BP (BP) closed at $38.22 in the latest trading session, marking a -1.42% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.34%. At the same time, the Dow added 0.23%, and the tech-heavy Nasdaq lost 0.33%.Shares of the oil and gas company witnessed a gain of 0.31% over the previous month, beating the performance of the Oils-Energy sector with its gain of 0.17% and the S&P 500's loss of 4.05%.The investment community will be paying close attention to the earnings performa ...
bp's Archaea Energy brings online its largest modular RNG plant to date in Kansas
Prnewswire· 2024-04-30 15:00
The plant can convert 9,600 standard cubic feet of landfill gas per minute into lower-carbon renewable natural gas (RNG). Plant is expected to produce enough renewable natural gas to heat up to 38,000 homes annually, according to the EPA Landfill Gas Energy Benefits Calculator. HOUSTON, April 30, 2024 /PRNewswire/ -- Today, bp's Archaea Energy (NYSE: BP) announced the official startup of its largest original Archaea Modular Design (AMD) renewable natural gas (RNG) plant to date in Shawnee, Kansas, just out ...
Is BP (BP) Stock Outpacing Its Oils-Energy Peers This Year?
Zacks Investment Research· 2024-04-30 14:46
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is BP (BP) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.BP is one of 251 companies in the Oils-Energy group. The Oils-Energy group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sec ...
Is BP (BP) a Great Value Stock Right Now?
Zacks Investment Research· 2024-04-30 14:45
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find compa ...
Is BP Reshaping Its Energy Transition Business Priorities?
Forbes· 2024-04-26 17:39
BP logo at a petrol station in London, U.K. (Photo: Leon Neal)Getty ImagesFollowing his predecessor Bernard Looney's sudden departure last year, BP CEO Murray Auchincloss' was left carrying the can for the company's strategy calling for growing renewables and reducing oil and gas output by 2030 or "Reimagine BP."The plan - to make the energy giant net zero by 2050 - failed to impress both shareholders at a time of extreme energy market volatility as well as environmental groups who accused Looney of waterin ...
BP (BP) Ascends While Market Falls: Some Facts to Note
Zacks Investment Research· 2024-04-19 23:06
The latest trading session saw BP (BP) ending at $38.52, denoting a +1.58% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.88%. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, lost 2.05%.Shares of the oil and gas company witnessed a gain of 0.5% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 2.78% and outperforming the S&P 500's loss of 2.57%.Analysts and investors alike will be keeping a close eye on t ...
BP (BP) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Zacks Investment Research· 2024-04-18 23:20
In the latest market close, BP (BP) reached $37.92, with a -1.17% movement compared to the previous day. This move lagged the S&P 500's daily loss of 0.22%. Elsewhere, the Dow gained 0.06%, while the tech-heavy Nasdaq lost 0.52%.Shares of the oil and gas company witnessed a gain of 1.27% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 3.38% and outperforming the S&P 500's loss of 1.66%.Market participants will be closely following the financial results of BP in i ...
Two female execs leave UK energy giant BP in wake of ex-CEO Bernard Looney scandal
New York Post· 2024-04-18 15:46
Two top women executives at BP are leaving the company — the first major change to the firm’s management structure since last year’s departure of CEO Bernard Looney, who abruptly quit after it was learned that he failed to disclose relationships he had with colleagues.Leigh-Ann Russell, BP’s chief technology and innovation officer, will depart the company after an 18-year stint while Anja-Isabel Dotzenrath, who has been head of BP’s gas and low-carbon division since 2022, will retire, according to a stateme ...
3 UK oil stocks to invest in as Middle East tensions rise
Invezz· 2024-04-18 12:37
The year 2024 has faced many headwinds so far – but arguably the most devastating has been the ongoing conflict in the Middle East.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.With far-reaching implications, some of the markets most impacted are global oil prices. The top three UK oil companies to invest in as Middle East tensions riseCopy link to sectionShellHarbour EnergyBP 1. ShellCopy link to sectionSource: TradingViewThe United Kingdom’s large ...
BP trims down executive team, picks new head of its gas and low carbon energy business
CNBC· 2024-04-18 07:54
A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom.British oil major BP on Thursday trimmed its executive team down to 10 members and announced William Lin as the new head of the firm's oil and low carbon energy business.Lin replaces Anja-Isabel Dotzenrath, who will be retiring from the position. The company also announced Emeka Emembolu as the new lead of BP's technology functions, taking over from Leigh-Ann Russell, who is due to leave the group ...