On October 7, Reuters reported that BP (NYSE: BP ) ( OTCPK:BPAQF ) management has apparently abandoned its previous target to cut production by 25% vs 2019 through the end of the decade. Citing unnamed sources, the report noted that Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation ...

BP plc (BP) , the British oil and gas giant, continues to scale down the expansion of its renewables business, bringing its focus back to fossil fuels. According to sources familiar with the matter, the company wants to sell off a minority stake in its offshore wind business. Per Reuters, BP has appointed Bank of America to search for partners to invest in its offshore wind business. Renewable projects like offshore wind farms generally require huge capital investments, and BP plans to reduce its share of t ...

BP plc (BP) , the British energy giant, has cautioned that its third-quarter profits have taken a toll due to lower refining margins and sluggish oil demand. The energy giant also mentioned that the demand for crude appears to be stagnating, which might have weighed on its financials in the quarter. Weaker Refining Margins Lay Pressure on BP's Q3 Profits BP's refining margins are expected to drop $400-$600 million as compared to the prior quarter. Moreover, the company noted that oil trading performance is ...

BP (BP) closed at $32.11 in the latest trading session, marking a -0.71% move from the prior day. This move lagged the S&P 500's daily gain of 0.61%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.33%. Coming into today, shares of the oil and gas company had gained 2.41% in the past month. In that same time, the Oils-Energy sector lost 2.26%, while the S&P 500 gained 5.36%. The upcoming earnings release of BP will be of great interest to investors. On that day, BP is projected ...

Bull market concept with stock chart getty If you're reading this, I assume you are already bullish on oil. Or at least intrigued by the upside possibility. And why not? There are three reasons crude may continue to crescendo. First, we have the Middle East situation… 'nuff said. Second, it is increasingly looking like the Federal Reserve is cutting rates sans the usual impending recession. Rather than a hard or soft landing, it looks like we will see "no landing" at all in which the economy continues to gr ...

earnify™ aims to simplify and reward fueling and shopping by integrating an intuitive loyalty program and a streamlined user experience. Exclusive introductory offer includes double points for the first 90 days and 250 welcome points after registration. CHICAGO, Oct. 7, 2024 /PRNewswire/ -- bp (NYSE: BP) announces the launch of earnify™, a cutting-edge app designed to revolutionize the fueling and convenience store experience for consumers. Based on extensive consumer research, earnify™ goes beyond simply r ...

I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking Alpha Analyst's Disclosure: I/we have a beneficial long position in the shares of F, BP, CTO ...

BP (BP) ended the recent trading session at $31.39, demonstrating a -0.1% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.42%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.38%. The oil and gas company's shares have seen a decrease of 7.48% over the last month, not keeping up with the Oils-Energy sector's loss of 2.47% and the S&P 500's gain of 2.06%. Analysts and investors alike will be keeping a close eye on the per ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there. The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns. BP p.l.c. (NYSE: BP ) is one of the largest oil companies in the world, with a market capitalization of more than $80 billion. The company has an impres ...

I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking Alpha Analyst's Disclosure: I/we have a beneficial long position in the shares of BP, XOM ei ...