BP plc (BP) has announced plans to invest $1.5 billion in Egypt over the next three to four years. This investment aims to bolster gas projects and drilling operations to develop the energy landscape in Egypt.The announcement follows BP’s recent decision to form a gas-focused joint venture with the Abu Dhabi National Oil Company (“ADNOC”) in Egypt to enhance gas production capabilities in the region.BP will hold a majority stake of 51% in the joint venture, with ADNOC owning the rest. The partnership unders ...

NEW YORK, Feb. 26, 2024 /PRNewswire/ -- BP p.l.c. ("BP") (NYSE: BP) (LSE: BP) today announced the upsizing to $1,300,000,000 of the previously announced cash tender offer by its wholly-owned subsidiary BP Capital Markets p.l.c. (the "Offeror") to purchase for cash Notes issued by the Offeror (the "Tender Offer"). The Offeror has amended the terms of the Tender Offer to increase the aggregate principal amount of the Notes that may be purchased pursuant to the Tender Offer (the "Offer Cap"), as described in t ...

During his "My Take," Monday, "Varney & Co." host Stuart Varney discussed the story of Tyler Loudon, a Houston man who made $1.7 million from insider trading after listening in on his wife's work-from-home calls while she was handling a potential acquisition. STUART VARNEY: This is a story of bad judgment, insider trading, and eventually divorce.Tyler Loudon worked from home in Houston. BP MANAGER'S HUSBAND PLEADS GUILTY TO INSIDER TRADING, LISTENED IN ON WIFE'S WORK CALLSHis wife worked from home. Their ho ...

NEW YORK, Feb. 26, 2024 /PRNewswire/ -- BP p.l.c. ("BP") (NYSE: BP) (LSE: BP) today announced the commencement of a cash tender offer by its wholly-owned subsidiary BP Capital Markets p.l.c. (the "Offeror") to purchase for cash any validly tendered (and not validly withdrawn) and accepted Notes up to an aggregate principal amount of $1,000,000,000 (the "Offer Cap") of Notes issued by the Offeror (the "Tender Offer"). The Tender Offer is being made upon the terms and subject to the conditions set forth in th ...

A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom.The husband of a former BP merger and acquisitions manager pleaded guilty to securities fraud related to insider trading by eavesdropping on his wife's work calls while she was handling a potential acquisition of TravelCenters of America, a fuel and truck stop operator.Tyler Loudon, a Houston resident, earned $1.76 million with the illicit trades based on nonpublic knowledge of the possible acquis ...

While the rest of the stock market endured a bear mauling in 2022, energy sectors became the best-performing asset class that year. My how things have changed. Today, oil prices are hovering around $80 a barrel and energy producers are marking down their profits. At the same time, concerns about slumping demand and the global transition to cleaner energy sources are rising. The net result is that energy stocks have gone from first to worst. The S&P 500 Energy Index is up 2% over the last 12 months compared ...

The husband of a former BP manager is facing possible prison time and a divorce after admitting to profiting from stock trades he made based on information he had gleaned from his wife's calls while she had been working from home for the energy giant. Tyler Loudon, 42, pleaded guilty to securities fraud in Houston federal court and has agreed to hand over the $1.7 million in ill-gotten gains he raked in, the U.S. Attorney's Office for the Southern District of Texas announced Thursday.Authorities say his wif ...

Climate activists protest on the fist day of the ExxonMobil trial outside the New York State Supreme ... [+] Court building on October 22, 2019 in New York City. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)AFP via Getty ImagesThe city of Chicago is the latest to file a climate lawsuit against BP, Chevron CVX , ConocoPhillips COP , ExxonMobil and Shell, alleging that the companies hid information regarding climate change from the public. Greenpeace Italy just filed a similarly t ...

Photo illustration by Getty CreativegettyWork from home or "WFH" practices within the global energy sector have been unwittingly called into sharp focus by the U.S. Securities and Exchange Commission.That's after the securities regulator charged the husband of a BP employee on Thursday (February 22, 2024) with insider trading, and profiting from information he overheard while his wife was working on a deal for the energy company from home in 2022-2023.The SEC alleged Tyler Loudon of Houston, Texas, made $1. ...

BP (BP) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this oil and gas company have returned +3.3%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Oil and Gas - Integrated - International industry, which BP falls in, has gained 7.8%. The key question now is: What could be the stock's future direction?Although media ...