Full year and 4Q 2024 financial results 3Q 2024 financial results NICK #1 SVP investor relations Craig Marshall By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of bp. Actual results or outcomes may differ materially from those expressed in such statements, depending on a variety of factors, including: the extent and duration of the impact of current market condi ...

KEY TAKEAWAYSBP announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reportedly has taken a "significant" stake in the British oil giant.BP CEO Murray Auchincloss said the company plans to share a "new direction" during its Capital Markets Update on Feb. 26.BP has pivoted away from its core oil and gas business toward low-carbon operations in recent years. BP (BP) announced plans to "fundamentally reset" its strategy Tuesday as Elliott Investment Management reported ...

BP plc (BP) , the British oil and gas giant, has decided to hit the brakes on the production of renewable fuels at the site of its previous Kwinana oil refinery in Western Australia. The move is believed to be part of the company’s cost-cutting initiatives.BP had plans to construct a biofuels project in Australia, known as Kwinana Renewable Fuels (“KRF”), alongside a green hydrogen plant named H2Kwinana. The Kwinana refinery was once Australia’s largest oil refinery, with a capacity of 146,000 barrels per d ...

Amid the fluctuations and uncertainties of the energy market, oil prices continue to soar, creating a highly favorable landscape for upstream businesses. Integrated energy giants stand resilient, leveraging their robust midstream operations that deliver steady, fee-based revenues from strategically positioned pipeline and storage assets. This financial strength reinforces the promising outlook for the Zacks Oil and Gas Integrated International industry, ensuring stability even in volatile times. Additionall ...

BP plc (BP) is set to report fourth-quarter 2024 earnings on Feb. 11.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Let us delve into the factors that are anticipated to have affected this integrated energy major’s quarterly performance. However, before that, it would be worth reviewing BP’s performance in the previous quarter.Highlights of Q3 EarningsIn the last reported quarter, the company’s adjusted earnings of 83 cents per American Depositary Share on a replacement-cost basis, e ...

oil pumpjacks in silhouette at sunset, panoramic frame (XXXL)gettyWe are—unequivocally—bullish on the US economy. We’re also big fans of the 6.1% dividend we’re going to discuss below, which trades for less than half its annual sales.That’s pretty much the opposite of the nosebleed 26 times sales (and 0.03% yield—not a typo!) over at NVIDIA (NVDA), even after last week’s panic over Chinese AI chatbot DeepSeek.US Stocks Are Wealth-Building Machines …Fact is, it’s easy to be bullish on the US these days, with ...

In our view, the story for BP p.l.c. (NYSE: BP ) and the wider group of European energy majors has always been about value, yet valuations for the stock have continued to drop over the course of last year, currentlyAnalyst’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 for it (other tha ...

Group 1 - The focus is on growth and dividend income as a strategy for retirement planning [1] - The portfolio is structured to generate monthly dividend income that grows through reinvestment and annual increases [1] Group 2 - The article expresses personal opinions and is not intended as investment advice [2] - It emphasizes the importance of conducting individual research before making investment decisions [2]

Core Viewpoint - A New York state court has dismissed the city's lawsuit against major oil companies, representing a significant setback for climate accountability efforts [1][10] Group 1: Lawsuit Details - The lawsuit, filed in 2021, accused ExxonMobil, BP, and Shell of misleading the public regarding the environmental impact of their products, alleging deceptive marketing tactics that portrayed them as climate-friendly while investing heavily in fossil fuels [1][2] - The city claimed that these companies engaged in "greenwashing," marketing their products as cleaner alternatives while downplaying their contributions to climate change [2] Group 2: Court Ruling Highlights - Justice Anar Patel dismissed the lawsuit, citing contradictions in the city's arguments, stating that New York City could not claim consumers were aware of fossil fuels' environmental risks while also accusing the companies of misleading them [3] - The court found the allegations of "greenwashing" insufficient, ruling that vague advertising slogans and general claims about sustainability were not actionable under consumer protection laws [3] Group 3: Companies Involved - ExxonMobil is one of the largest publicly traded oil and gas companies globally, fully integrated in energy operations from production to marketing [4] - BP, established in 1866, operates across oil production, natural gas, refining, and low-carbon energy, handling 1.6 million barrels daily [5] - Shell's long-term strategy focuses on liquefied natural gas (LNG), aligning with the global shift towards cleaner energy sources [6] Group 4: Industry Implications - The ruling serves as a robust defense for the oil and energy industry against climate liability lawsuits, establishing a precedent that vague marketing claims are not grounds for legal action [7] - Industry representatives argue that such lawsuits undermine energy policy and economic stability by shifting policy debates into the courtroom [7] Group 5: Reactions and Future Outlook - Critics of the ruling argue it undermines corporate accountability for environmental impacts, with New York City officials expressing disappointment over the decision [8] - Approximately 30 similar cases remain pending in state courts, indicating that legal battles over climate accountability are ongoing [10]

Core Viewpoint - BP plc has resumed gas production at its Shah Deniz Alpha platform in the Caspian Sea after resolving a technical issue that previously halted operations, which is crucial for maintaining output and reinforcing Azerbaijan's role in global energy markets [1][6]. Group 1: Production Resumption - Gas production from the Shah Deniz Alpha platform was temporarily suspended on January 10, 2025, due to a malfunction in a subsea condensate export pipeline [1]. - The company confirmed that the technical issue caused no environmental harm or safety risks, and production and export operations have restarted and are being gradually ramped up [2]. Group 2: Impact on Regional Gas Supplies - The malfunction affected regional gas supplies, leading to a daily suspension of 1.7 million cubic meters of gas to Serbia, while Bulgaria faced interruptions starting January 7, 2025, with an expected resolution by January 11, 2025 [3]. - Despite these disruptions, Azerbaijan maintained gas supplies to Serbia [3]. Group 3: Shah Deniz Field Overview - The Shah Deniz gas-condensate field, discovered in 1999, is one of the world's largest, with estimated reserves of 1 trillion cubic meters of gas and 243 million tons of condensate [4]. - The field has been developed in two phases, with Phase 1 initiated in 2006 and Phase 2 considered one of the largest and most complex gas projects globally, enhancing Azerbaijan's role as a key gas supplier to Europe and Asia [5]. Group 4: BP's Commitment and Future Projects - BP remains committed to enhancing hydrocarbon production in Azerbaijan and is also working on other projects in the region, including giant oil field operations initiated in April 2024 [6]. - The resumption of operations at Shah Deniz Alpha is a crucial step in maintaining the field's output and reinforcing Azerbaijan's position in global energy markets [6].