The new EV charging facility will provide increased capacity for electric vehicle charging across greater Houston, making EV ownership more convenient and helping to reduce driver hesitation to make the switch from gas and diesel vehicles to full electric vehicles. The new charging Gigahub is a critical addition to the City of Houston that is seeing a rapidly growing number of electric vehicles in the city. Arcadis has delivered more than 7,000 EV charging stations around the world Brooke Bonkoski, Presiden ...

Getty Images BP's net debt grew to $24 billion from $21 billion at the end of Q1 2023, and cash flow fell by roughly a third to just over $5 billion. The company mentioned that its results were affected by a $2.4 billion build in working capital, most of which should likely be reversed by the end of Q3 2024. It is worth mentioning that OPEC+ has decided to extend cutbacks on oil production through the first half of 2024 to support prices by warding off a surplus. Given the weaker global demand, and going by ...

Market participants will be closely following the financial results of BP in its upcoming release. On that day, BP is projected to report earnings of $1.22 per share, which would represent year-over-year growth of 37.08%. At the same time, our most recent consensus estimate is projecting a revenue of $63.26 billion, reflecting a 27.86% rise from the equivalent quarter last year. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take ad ...

The Dividend And Share Buybacks BP Is More Than Just Oil Potential Downside Risks Earnings Estimates And The Balance Sheet Peak Oil Predictions Have All Failed EV And AI Energy Demand Could Be A Long Term Growth Driver In Summary Energy stocks have been in a correction for the past several weeks and I am starting to see some new buying opportunities. There are a number of reasons for this pullback including a drop in the price of oil, which could be driven by ample current supplies, but also because of some ...

"From the start, our focus has been opening plants safely and reliably, and demonstrating progress and growth," Archaea Energy CEO Starlee Sykes said. "Continuing to build momentum with the Lightning Renewables JV, the Fort Wayne plant is just the beginning of our incredible partnership with Republic Services to capture landfill emissions and provide customers with lower-emission, lower-carbon fuel." With the 2022 acquisition of Archaea, bp is now the largest RNG producer in the US, enhancing its ability to ...

The new policy "prohibits employees from directly or indirectly managing relatives or those with whom they're in an intimate relationship," according to the memo. 3 Bernard Looney was fired as CEO of BP last year after it was learned he carried on relationships with colleagues. AP The Post has sought comment from BP. 3 BP has required employees to disclose romantic relationships with co-workers, according to a report. AP Subscribe to our daily Business Report newsletter! Please provide a valid email address ...

Per the report, in an email memo to staff, BP outlined the new conflicts of interest policy, which prohibits employees from managing relatives or those with whom they are in an intimate relationship. This update, part of BP's code of conduct, highlights the lasting impact of Looney's departure on the company's operations and culture. In a statement to Reuters, BP confirmed the policy update, stating that the employees are now required to disclose intimate relationships at work, whether or not they feel they ...

BP plc's (BP) subsidiary BP Exploration & Production has awarded a significant contract to Seatrium, Singapore's state-owned marine and offshore contractor, for early engineering work on its new floating production unit ("FPU"). This FPU is destined for BP's deepwater Kaskida project in the U.S. Gulf of Mexico. The Kaskida development is situated approximately 250 miles southwest of New Orleans, in the Keathley Canyon area of the Gulf of Mexico. It is expected to feature a single topside module, supported b ...

The GTA Phase 1 project has been designed to extract gas from an ultra-deepwater subsea system and process it using the mid-water FPSO Tortue. The processed gas, after removal of heavier hydrocarbon components, will be transferred to Golar LNG's floating LNG ("FLNG") vessel, Gimi, which arrived at the maritime border of Mauritania and Senegal in early 2024. Dave Campbell, BP's senior vice president in Mauritania and Senegal, highlighted the importance of the project. He emphasized the company's commitment t ...

For a consistently cynical take, it's difficult to ignore the viability of oil stocks to watch. In particular, the hydrocarbon sector cooled off, only to spike back up as tensions in the Middle East flared again. It's becoming macabre clockwork. According to a Bloomberg report, oil benchmarks popped higher following an attack on a Greek-managed bulk carrier in the Red Sea. Additionally, Israel is advancing in southern Gaza in its campaign to eradicate the terrorist group Hamas. However, the efforts have not ...