Final results from BP PLC (LSE:BP.) will be the first since interim chief executive Murray Auchincloss was confirmed as the new permanent boss and while they may be let down by a weak finish to the year, are still likely to see some big returns for shareholders. Although the FTSE 100 oil giant's shares last year regained levels not seen since before the pandemic, analysts at UBS predict fourth-quarter earnings numbers are likely to be weak given the impact of refinery maintenance, lower refinery margins and ...

Key PointsBP's dividend yield stands at 4.2%, higher than energy industry peers, with dividend increases in the past three years.The BP chart shows a potentially bullish formation, as the current consolidation undercut prior lows.The company named a new CEO in January, a move that may be a catalyst for price gains. 5 stocks we like better than BPThe BP plc NYSE: BP chart shows a stock setting up in a healthy base formation that often precedes a new rally. The stock could be an undervalued gem, and already h ...

In the latest trading session, BP (BP) closed at $35.13, marking a +0.09% move from the previous day. The stock lagged the S&P 500's daily gain of 1.25%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 1.3%.The oil and gas company's shares have seen a decrease of 2.5% over the last month, not keeping up with the Oils-Energy sector's loss of 1.82% and the S&P 500's gain of 1.58%.The investment community will be closely monitoring the performance of BP in its forthcoming earnings repor ...

BP plc (BP) is set to report fourth-quarter 2023 earnings on Feb 6.In the last reported quarter, the company’s earnings of $1.15 per share missed the Zacks Consensus Estimate of $1.37 due to lower realizations of commodity prices and a decline in refinery throughputs. BP’s earnings missed the Zacks Consensus Estimate in three of the trailing four quarters and beat the same once, delivering an average negative surprise of 4.7%. This is depicted in the graph below.Estimate TrendThe Zacks Consensus Estimate fo ...

Recent Red Sea diversions triggered a prolonged energy market impact. Despite U.S. and ally strikes on Houthi rebels, experts predict a months-long crisis causing a cargo container shortage. Houthi attacks persist, intensifying after U.S. and U.K. strikes on January 11. Red Sea conflict hampers ocean shipping, diverting carriers from the Suez Canal. Rates surge, impacting companies like Ikea and BDI Furniture, prompting supply route evaluations. Ikea anticipates delays and constraints, while BDI Furniture s ...

BP plc (BP) has been asked to shift its focus back to oil and gas production and reduce spending on the energy transition process. BP’s plans to allow oil and gas production to decline 25% by the end of this decade (compared with 2019 levels) was not well received by the London-based hedge fund Bluebell Capital Partners.According to Bluebell, the company’s shift from oil and gas production to renewable energy is a misguided move and is also the reason behind BP’s share price decline. BP’s shares are underva ...

HOUSTON--(BUSINESS WIRE)--Kayne Energy Infrastructure (“KEI”) announced that Eric Javidi and Harrison Little have rejoined the firm in senior leadership roles. KEI manages over $4 billion in assets across retail and institutional products focused on the energy infrastructure sector, including traditional energy infrastructure, energy transition and renewable infrastructure. KEI is a part of Kayne Anderson (“Kayne Anderson” or “Kayne”). Mr. Javidi will join Jim Baker, currently the head of KEI, as a Manag ...

Activist European hedge fund Bluebell Capital Partners has called on FTSE 100 oil producer BP plc to rethink its energy-transition strategy for fear of losing market value and netting poor returns in solar and wind farm projects. Headed by Giuseppe Bivona and Marco Taricco, Bluebell argued that BP’s expectation of a “drastic decline in oil and gas demand” is “utterly unrealistic”. Bivona told The Guardian that BP should “stay away from businesses in which they have no right to win” and where expected return ...

Activist investor Bluebell Capital Partners is pushing for BP to urgently change tack, saying it is "highly debatable" whether the oil major's strategy of reducing fossil fuel investments in favor of clean energy has any chance of succeeding.Giuseppe Bivona, partner and co-chief investment officer at Bluebell, on Tuesday said that the FTSE 100 energy company's depressed share price relative to its U.S. and European peers had been "totally underwhelming" in recent years, and that it should now consider deplo ...

In the latest market close, BP (BP) reached $35.63, with a +1.37% movement compared to the previous day. The stock's change was more than the S&P 500's daily loss of 0.07%. Meanwhile, the Dow experienced a rise of 0.16%, and the technology-dominated Nasdaq saw a decrease of 0.36%.The the stock of oil and gas company has fallen by 0.51% in the past month, leading the Oils-Energy sector's loss of 2.53% and undershooting the S&P 500's gain of 3.05%.The investment community will be closely monitoring the perfor ...