BP chief sees pay double to £10m
10th Mar 2023 11:34
(Sharecast News) - BP's chief executive saw his pay more than double to £10m last year, the energy giant confirmed on Friday.
Read moreBerenberg downgrades BP after strong share price performance
23rd Feb 2023 10:11
(Sharecast News) - Berenberg downgraded BP on Thursday to 'hold' from 'buy' but lifted the price target to 590p from 560p.
Read moreMorgan Stanley cuts 2023-24 Brent crude oil price forecasts
22nd Feb 2023 09:52
(Sharecast News) - Analysts at Morgan Stanley cut their price forecasts for Brent crude oil prices across 2023 and for 2024 on the back of higher-than-expected Russian exports.
Read moreSector movers: Big Oil and Banks pace losses
17th Feb 2023 15:54
(Sharecast News) - Big Oil and banks dragged on the FTSE 350 at the end of the week amid talk of a possible hard landing in the US during the back half of 2023.
Read moreBP to buy TravelCenters of America for $1.3bn in cash
16th Feb 2023 13:55
(Sharecast News) - BP said on Thursday that it has agreed to buy TravelCenters of America, one of the country's leading full-service travel centre operators, for $1.3bn in cash.
Read moreOPEC nudges up 2023 global oil demand forecast
14th Feb 2023 13:26
(Sharecast News) - The Organisation of Petroleum Exporting Countries nudged up its global oil demand forecast for 2023 on the back of the improved outlook for the world economy.
Read moreSector movers: Corporate and M&A news drives moves
9th Feb 2023 17:21
(Sharecast News) - London stocks finished the session on a mixed note, although corporate results and news on the mergers and acquisitions front saw the top-flight index hit a fresh record high.
Read moreBarclays hikes BP price target
8th Feb 2023 11:19
(Sharecast News) - Barclays hiked its price target on BP on Wednesday to 1,000p from 700p following the oil giant's results a day earlier.
Read moreBP profits surge to record $27bn, unveils $2.75bn share buyback
7th Feb 2023 00:36
(Sharecast News) - BP more than doubled annual profits to a record $27.6bn as the Ukraine war in sparked higher gas prices, fuelling more calls for tougher taxes on the sector as consumers face a 40% rise in bills this April.
Read moreTuesday preview: Fed's Powell, BP in the spotlight
6th Feb 2023 13:51
(Sharecast News) - The market spotlight on Tuesday was expected to be firmly on an interview of Federal Reserve chairman, Jerome Powell, and what insights he might provide on the future path of monetary policy, especially following the surge in non-farm payrolls reported just four days before.
Read moreOPEC+ keeps crude oil output quotas steady
1st Feb 2023 13:58
(Sharecast News) - The Organisation of Petroleum Exporting Countries and its main producer allies decided to keep their production quotas steady.
Read moreSunday newspaper round-up: Dividends, BP, Capricorn Energy
29th Jan 2023 23:05
(Sharecast News) - Companies' dividend payments jumped by 8% to reach £94.3bn, led by big banks alongside a surge in payouts from oil outfits. share buybacks meanwhile reached 2% of the combined value of UK-listed companies. However, Link Group anticipates that payments will decline by 2.8% in 2023 to reach £91.7bn and believes that the economic backdrop is "decidedly gloomier" than one year ago with higher interest rates set to pressure margins further. - Financial Mail on Sunday
Read moreFTSE 100 movers: BP and Antofagasta gain on optimism around China
23rd Jan 2023 15:43
(Sharecast News) - BP lent its heft to gains on the top-flight index as crude oil futures advanced on the back of the latest mobility figures out of the People's Republic of China over the Lunar New Year the day before.
Read moreSector movers: Big Oil supports gains
21st Dec 2022 18:00
(Sharecast News) - Big Oil lent its weight to an upside move for the FTSE 350 as the benchmark rebounded from the downdraft registered during the previous week - although some analysts in the City remained wary.
Read moreAnnouncement of 'major' breakthrough in nuclear fusion expected on Tuesday
12th Dec 2022 13:48
(Sharecast News) - Scientists in the US achieved a net energy gain through a fusion reactor for the first time ever, a potential breakthrough in attempts to harness the limitless source of clean energy.
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