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Reasons Why Hold Strategy is Apt for BP Stock Right Now
ZACKS· 2024-11-29 14:41
BP plc (BP) , a leading integrated energy company, is shifting its focus from production volumes to maximizing value through disciplined capital allocation and enhanced cash flow resilience. The company is projected to achieve an 11.4% earnings growth next year, marking a recovery from the expected 23.4% decline this year.What's Favoring BP Stock?West Texas Intermediate crude price is trading close to the $70 per barrel mark, proving highly advantageous for BP’s exploration and production endeavors. The ene ...
BP Advances Cypre Gas Project in Trinidad, First Gas Set for 2025
ZACKS· 2024-11-28 13:40
BP plc’s (BP) subsidiary BP Trinidad and Tobago (“BPTT”) is making significant strides toward achieving its goal of first gas from the Cypre subsea gas development project by 2025. Located off the southeast coast of Trinidad and Tobago, the project represents BPTT’s third subsea development in the region and is poised to enhance the country’s natural gas production capacity.After securing the final investment decision in 2022, BP collaborated with Subsea Integration Alliance and Aquaterra Energy to advance ...
BP: Attractive Investment Setup
Seeking Alpha· 2024-11-26 19:27
Shares of BP (NYSE: BP ) have become unreasonably cheap in the last several weeks which creates an opportunity, especially for dividend investors. BP announced that it repurchased $1.75B worth of its shares in the fourth quarter which is something that makes aI look for high-risk, high-reward situations, mainly in the technology markets. I am an early buyer of Bitcoin and my portfolio mainly focused on companies with asymmetric long-term upside. My top holdings include: Bitcoin, Tesla, Google, Amazon and Nv ...
BP: A Buy At The Lows
Seeking Alpha· 2024-11-25 15:56
The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!BP p.l.c. (NYSE: BP , OTCPK:BPAQF ) is an oil and gas supermajor that has seen its shares come under pressure in the recent past. The valuation is now very low, while the ...
The Gold Standard Oil And Gas Companies
Seeking Alpha· 2024-11-25 14:26
Regardless of whether or not the Trump administration stays or leaves The Paris Agreement - the international treaty on climate change, and whether or not the idea of ESG investing gets ditched, or ESG gets replaced by the term sustainability (as I think itAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BP, S ...
BP Invests $7B in Indonesia Gas With First Carbon Capture Tech
ZACKS· 2024-11-22 15:31
BP plc (BP) ), a leading UK-based energy company, and its partners in the Tangguh production sharing contract have announced the final investment decision for the $7 billion Tangguh Ubadari CCUS Compression (“UCC”) project in Papua Barat, Indonesia. The project is poised to unlock approximately 3 trillion cubic feet of additional gas resources, aligning with BP’s strategy to meet Asia's growing energy demand while advancing its low-carbon commitments.The Tangguh UCC project is set to feature Indonesia’s fir ...
4 Integrated Energy Stocks to Watch Amid Industry Challenges
ZACKS· 2024-11-15 14:11
Oil prices, which are still high, continue to weigh on the refining sector, with substantial input costs compressing profit margins. Furthermore, a deceleration in oil production growth is expected to limit earnings from the upstream activities of integrated energy companies. At the same time, the rising demand for renewable energy is adding uncertainty to the prospects of the Zacks Oil and Gas Integrated International industry, creating a bleaker outlook.Among the companies in the industry that will probab ...
BP's JV With EnBW to Remain Unaffected Amid Renewables Scale-Down
ZACKS· 2024-11-13 17:21
BP plc’s (BP) current efforts to scale back on its renewable projects' expansion shall not affect the offshore wind projects that the British energy major has undertaken with the German energy company EnBW, as per Reuters. In recent months, BP has been maintaining its focus on its high-margin business while scaling down the aggressive expansion of its renewables unit. The company had previously announced that it plans to sell off its U.S. onshore wind business and divest a small stake in its offshore wind b ...
BP Stock: Out Of The Doghouse (Rating Upgrade)
Seeking Alpha· 2024-11-12 13:00
He is the leader of the investing group The Daily Drilling Report where he provides investment analysis for the oil and gas industry. Features of the group include: a model portfolio that covers all segments of upstream oilfield activity with weekly updates, ideas for both U.S and international energy companies, coverage from shale to deepwater drillers, technical analysis to identify catalysts, and more. Learn More .Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of t ...
Oil giant BP is killing 18 hydrogen projects, chilling the nascent industry
TechCrunch· 2024-11-05 17:45
Tucked inside a 32-page earnings report, oil and gas giant BP revealed it was killing 18 early-stage hydrogen projects, a move that could have a chilling effect on the nascent hydrogen industry.The decision, along with the sale of the company’s U.S. on-shore wind power operations, will save BP $200 million annually and help boost its bottom line. The hydrogen industry, which has relied on oil and gas companies both financially and through lobbying efforts, is preparing for a grimmer outcome. BP has been a ...