Aviva PLC (LSE:AV.) boss Amanda Blanc is going from strength to strength after it was announced she will taking a senior board position at BP. In the first boardroom shakeup at the oil giant, since CEO Bernard Looney left, Blanc will become a senior independent director. Blanc was appointed to BP's board as a non-executive director in September 2022 and is a member of the group's governance and people committee. The switch will take place at BP's AGM in April and will see Blanc replace Paula Reynolds, who e ...

Ousted BP PLC (LSE:BP.) chief executive Bernard Looney has handed hundreds of thousands of pounds worth of his final annual bonus to the oil firm. Some £420,000, equating to 50% of Looney’s 2022 bonus, has now been given back, BP said in its annual report on Friday. Looney resigned last September over several romantic affairs with colleagues, which BP found he had knowingly mislead it about. BP then formally dismissed Looney in December over “serious misconduct”. Looney’s replacement, Murray Auchincloss, wa ...

Wavetop/iStock via Getty Images Foreword This article is based on two January Barron's Weekly articles aimed at revealing 36 select stocks for the New Year 2024. Those two articles were: Interest rates will come down, but [Barron's] panelists don't see another magnificent year for stocks. Eight picks to beat the odds. With a few exceptions, the members of the 2024 Barron's Roundtable expect the stock market to disappoint, with the index delivering returns of minus-5% to plus-5% for the full year. No, they d ...

We believe that our strategy enables bp to make a positive contribution to the world achieving net zero greenhouse gas (GHG) emissions and meeting the Paris goals - outcomes which we believe to be in the best interests of bp as well as beneficial to society generally. We see huge opportunity in the energy transition - the transformation of the energy system that we believe to be a necessary feature of the world's efforts to meet the Paris goals. There are many ways a company at the heart of the energy secto ...

Increased oil prices are hurting the refining business since the input price is quite high. Also, declining free cashflow and rising demand for renewables are making the outlook for the Zacks Oil and Gas Integrated International industry gloomy.Among the companies in the industry that will probably survive the business challenges are Exxon Mobil Corporation (XOM) , Shell plc (SHEL) , BP plc (BP) and Eni SpA (E) .About the Industry The Zacks Oil and Gas Integrated International industry covers companies prim ...

Comeback stocks are excellent out-of-the-box picks for those on the hunt for companies poised for a rebound. The three companies spotlighted on this list are legacy enterprises operating in industries foundational to the economy.In selecting companies for this list, I focused on three legacy enterprises that led their respective industries at one time. However, over the last 12 months, these comeback stocks have registered negative returns as they struggle against the competition and external factors. Despi ...

BP (BP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this oil and gas company have returned -1.6% over the past month versus the Zacks S&P 500 composite's +2.9% change. The Zacks Oil and Gas - Integrated - International industry, to which BP belongs, has gained 2.5% over this period. Now the key question is: Where could the stock be headed in the near ...

Jeremy PolandHaving previously covered US supermajor ExxonMobil (see here) as well as independent E&Ps Occidental Petroleum (see here) and ConocoPhillips (see here), I will move across the Atlantic in this note and begin my coverage of European Oil & Gas supermajors with French TotalEnergies (NYSE:TTE). [Note: All company figures and financials are based on TotalEnergies' official reporting and investor communication with financials in US$. All per share data refers to the NYSE listed US ADR] Company Ov ...

Crude oil prices have hovered between $75 and $85 a barrel since the start of this year, despite the ongoing conflict in the Middle East due to Israel’s war with Hamas. This has led to a continued slump in energy stocks, which have badly trailed the overall market for the better part of a year now. OPEC+ recently announced that it is extending its output reductions until the second quarter of this year. In a written statement, the oil cartel said it is extending the output cuts to support the short-term pri ...

BP is a much better equity story than just how much cash it is handing out to shareholders, according to analysts at UBS. All of the talk recently has been about share buybacks and its low relative rating, but a low oil price breakeven and efficient production base will provide the funds to sustain total distributions, while also funding growth from low carbon, says the Swiss bank. UBS notes that while the electric vehicle transformation might have stalled recently, peak oil demand is still on the horizon a ...