Dividend stocks are a valuable addition to any investment portfolio, offering a reliable income stream that can provide stability in both bullish and bearish markets. High dividend yields are particularly attractive, especially when paired with fundamentally sound and potentially undervalued stocks. Such combinations not only enhance income potential but also provide opportunities for capital appreciation over the long term. For investors seeking a balance of income and growth, high-yield dividend stocks ca ...

In the era of automation, energy investors are closely watching companies that deploy automated drilling technologies. These advanced systems, which require minimal human intervention, reduce downtime and labor costs, thereby boosting productivity and reliability. By harnessing real-time data analytics and AI, automated drilling optimizes drilling parameters, enhancing precision and speeding up project timelines. Moreover, it lowers operational emissions and supports environmental compliance, aligning with ...

BP plc (BP) has entered into a significant agreement with Orlen, a Polish refiner, to supply 6 million metric tons (MMt) of crude oil from the North Sea over the next year. This volume, equivalent to around 150,000 barrels per day, should be able to meet 15% of Orlen's annual feedstock requirements. The first deliveries under this contract are scheduled to begin in September, with crude oil cargoes arriving at the Polish port of Gdansk and the Lithuanian port of Butinge. Diversifying Orlen's Feedstock Portf ...

BP plc (BP) , the UK supermajor, has entered into a preliminary agreement with the government of Iraq to rehabilitate and develop four significant oil and gas fields in the northern Kirkuk region. This deal marks a renewed effort to boost production and reverse the decline in one of Iraq's most historically important oilfields. A New Chapter for Kirkuk's Oilfields The agreement followed a previous deal from 2013, which was focused on developing the giant Kirkuk field. However, it was put on hold due to the ...

There's trouble brewing in the oil patch. Prices for crude oil in America are below $75 a barrel and at their lowest level in six months amid growing fears of a recession in the U.S. economy. West Texas Intermediate (WTI) crude oil, the U.S. standard, was trading as low as $71.92 a barrel on Aug. 5, though it has since rebounded to around $73 per barrel. WTI crude has now erased all of its gains for the year and is trading at its lowest level since the winter months, as markets anticipate that the U.S. econ ...

BP p.l.c. BP shares are trading higher today. Goldman Sachs analyst Michele Della Vigna revised estimates after the company reported second-quarter FY24 results yesterday. The British oil and gas giant reported sales and other operating revenues of $47.299 billion, missing the consensus of $52.925 billion. Also, Underlying RC profit per American Depositary Share (ADS) came in at $1.00, beating the consensus of $0.92. BP has announced a 10% increase in its interim dividend to 8.000 cents per ordinary share a ...

For the second quarter, BP reported a total production of 1,481 thousand barrels of oil equivalent per day (Mboe/d), up from the 1,369 MBoe/d recorded in the year-ago quarter. The metric also beat our estimate of 1,354.5 MBoe/d. BP sold liquids at $73.01 per barrel in the second quarter, up from the $69.19 reported in the prior-year period. The reported figure lagged our estimate of $76.85. The company sold natural gas at $2.02 per thousand cubic feet, declining from the $3.23 reported in the yearago quarte ...

Company Participants Conference Call Participants Craig Marshall So with that let me hand over to Murray for some brief opening remarks. Great. Thanks, Craig, and thanks to everyone for joining today. I'm in the room and I'm joined by Kate Thomson, CFO; Carol Howle, EVP, Trading and Shipping; and Emma Delaney, EVP Customers and Products, which luckily for me will provide me with the opportunity to pass all difficult questions to them today. You'll have heard from our video some real examples of us in action ...

everyone and thank you for your interest in bp's second quarter 2024 results. Today's video presentation features Murray Auchincloss, chief executive officer and Kate Thomson, chief financial officer. Before we begin today, let me draw your attention to our cautionary statement. Hello 3 2Q 2024 financial results Strong cash generation, growing distributions $8.1bn operating cash flow* –I $9.6bn EBITDA* –I $2.8bn underlying earnings –I +3.4% upstream production1 –I 96.1% upstream plant reliability*2 –I 96.4% ...

Adjusted EBITDA* | --- | --- | --- | --- | --- | --- | |---------------------------|-------|-------|-------|-------|-------| | Total adjusted EBITDA | 2,639 | 3,154 | 3,639 | 5,793 | 8,534 | | Capital expenditure* | | | | | | | gas | 869 | 639 | 697 | 1,508 | 1,344 | | low carbon energy | 136 | 659 | 190 | 795 | 556 | | Total capital expenditure | 1,005 | 1,298 | 887 | 2,303 | 1,900 | | --- | --- | --- | --- | --- | |---------------------------------------|-----------------------------|--------------------- ...