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MaxMarioni's Insights

Relating to BP..L

Posted by MaxMarioni on 9 July 2017, 7:18 PM

The declining share values of Oil Majors

Topics: Energy, Oil
Other Insights on Related Shares: BP..L, RDSA.L

Does it still make sense to invest in an oil major? Energy companies have seen their influence on stock markets wane in recent years. In 2012, the S&P 500 value index in the US and the corresponding benchmark index for energy companies showed perfect correlation: now oil and gas companies are performing at half the level of the general market. And on the LSE, BP (BP:L), and Shell (RDSA:L), are not doing much better. (Read more)

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Topics: Gas, Oil
Other Insights on Related Shares: BP..L
Related Shares: Bp Share Price

BP closes the year with news of one of the biggest deals in the energy sector this year. The British oil companyhas signed a deal which has has made it a shareholder in Abu Dhabi's onshore oil concession, in exchange for which the emirate's oil company gainsownership of a 2% stake in BP. BP obtains, in this way a 10% stake in ADCO, the state-owned Abu Dhabi Company for Onshore Petroleum Operations Limited,the outfit which operates these oil fields. The oil fieldthought to be part of one of the largest oil field concessions in the emirate, and one of the last few big oil concessions available in the Middle East. The total deal is estimated to be worth a total of £1.8 billion ($ 2.2 billion). (Read more)

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