Streetbeat News

BP p.l.c.

https://www.bp.com

Industry

Oil & Gas Integrated

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business. The company was founded in 1908 and is headquartered in London, the United Kingdom.

Open

32.75

Mkt cap

88B

Volume

13M

High

33.47

P/E Ratio

238.50

52-wk high

40.40

Low

32.67

Div yield

0.06

52-wk low

27.82

The integrated energy sector faces challenges due to rising demand for renewable energy, impacting the outlook for the Zacks Oil and Gas Integrated International industry. Companies like ExxonMobil (XOM), Shell (SHEL), BP, and Eni (E) are expected to navigate these challenges successfully.

Portfolio Pulse from

November 15, 2024 | 2:30 pm

BP's joint venture with EnBW will continue its operations unaffected by BP's decision to scale down on renewables. The JV is advancing with its projects.

Portfolio Pulse from

November 13, 2024 | 5:30 pm

BP p.l.c. has made strategic management changes and acquisitions, such as Travel Centers of America, to focus on profitable projects. Its strong Gulf of Mexico presence and global stakes enhance its upstream portfolio. Despite skepticism, BP's renewable ventures show growth potential.

Portfolio Pulse from

November 12, 2024 | 1:15 pm

BP has announced the termination of 18 early-stage hydrogen projects, as revealed in their latest earnings report. This decision could have a significant negative impact on the emerging hydrogen industry.

Portfolio Pulse from

November 05, 2024 | 6:00 pm

BP's stock price targets have been cut by analysts due to weak earnings and rising debt. BP's Q3 revenue fell short, and analysts expect further challenges without an improved macroeconomic environment. RBC and Goldman Sachs have lowered their price targets, citing lower refining earnings and increased debt.

Portfolio Pulse from Lekha Gupta

October 30, 2024 | 5:52 pm

Wells Fargo analyst Roger Read has maintained an Equal-Weight rating on BP and lowered the price target from $35 to $33.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 2:59 pm

Schlumberger's OneSubsea has secured a contract with BP for a subsea boosting system in the Kaskida project, marking a significant collaboration milestone. Despite this, Schlumberger's shares fell 2.38% following a revenue miss in Q3. Investors can access Schlumberger through ETFs like VanEck Oil Services ETF and iShares U.S. Oil Equipment & Services ETF.

Portfolio Pulse from Lekha Gupta

October 29, 2024 | 5:33 pm

BP shares are experiencing a decline in trading due to a miss in Q3 revenue expectations.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 3:07 pm

BP's Q3 results show a revenue miss, production decline, and rising debt, leading to a drop in stock price. Despite some positive aspects like beating EPS expectations and ongoing share buybacks, the outlook remains cautious with expected lower production and refining margins.

Portfolio Pulse from Lekha Gupta

October 29, 2024 | 1:04 pm

SLB's OneSubsea joint venture has been awarded a contract by BP for a subsea boosting system in the Kaskida project in the Gulf of Mexico. This development aims to enhance the potential of the deepwater project.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 1:04 pm

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