BP plc Newswire (Page 2)

Comprehensive Real-Time News Feed for BP plc. (Page 2)

Results 21 - 40 of 741 in BP plc

  1. British Gas owner Centrica sees profits slump 35% after warmer weatherRead the original story w/Photo

    Thursday Feb 19 | Daily Mail

    British Gas owner Centrica saw its annual profits slump by 35 per cent last year to A 1.75billion after customers cut their bills by an average of A 100 thanks to the warmer weather. It still made A 42 of profit for every household, amounting to A 439million in 2014, although this was down by 23 per cent on 2013.

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  2. London Markets: Centrica, BAE Systems shares in the red in London tradeRead the original story w/Photo

    Thursday Feb 19 | MarketWatch

    ... after data issued Wednesday showed weekly U.S. crude-oil supplies surged by 14.3 million barrels. Shares of oil major BP PLC shares rose 5.4% after the beverage-can maker agreed to be purchased by rival U.S. drinks can maker Ball Corp.

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  3. Welsh energy provider Swalec is cutting gas prices - but only from April 30 after the winter peakRead the original story w/Photo

    Thursday Feb 19 | IcNetwork

    British Gas owner Centrica says it will reduce costs and investments following a drop in profits by more than a third Centrica has announced its profits dropped by more than a third last year as consumers reined in their energy spend as a result of the warmer winter. The company, which owns British Gas, described the year as "very difficult" and reported that profits had dipped to A 1.75bn, a reduction of 35%.

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  4. Profits at Bord Gais owner Centrica fall 35%Read the original story w/Photo

    Thursday Feb 19 | RTE.ie

    Annual profits at gas firm Centrica have fallen 35% to 1.75bn in a "very difficult year" for the company, it said today. Profits from residential energy supply were down 23% to 439m as the warmer weather meant each household spent around 100 less on bills than in 2013.

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  5. British Gas owner Centrica's terrible results are bad news for ScotlandRead the original story w/Photo

    Wednesday Feb 18 | Silicon Alley Insider

    But it wasn't just a 60% drop in oil prices that hit the group hard, it was also a range of weather and political issues. Furthermore, Britain's general election in this year is still causing a headache for Centrica.

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  6. Dakota Plains Announces Strategic and Corporate UpdatesRead the original story

    Thursday Feb 12 | Business Wire

    ... strategy consultancy. Mr. Kroloff worked for 20 years in senior, global roles across every business division at BP plc including as vice president of Strategic Projects, Supply Chain Management, External Affairs and Audit. Prior to joining BP, Mr. ...

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  7. Liberum Capital Boosts BP plc Price Target to GBX 435Read the original story

    Thursday Feb 12 | AmericanBankingNews.com

    ... the stock. Analysts at Deutsche Bank reiterated a "buy" rating and set a GBX 470 ($7.16) price target on shares of BP plc in a research note on Thursday, February 5th. Analysts at Credit Suisse raised their price target on shares of BP plc from GBX ...

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  8. Exxon/BP Mega-Acquisition Story Is 'Frivolous,' Says AnalystRead the original story w/Photo

    Thursday Feb 12 | Benzinga

    On Thursday afternoon, shares of Exxon Mobil Corporation and BP plc rose following the publication of a note from Paul Sankey at Wolfe Research highlighting the potential of Exxon seeking an acquisition in an effort to "meaningfully boost its oil and gas reserves." Traders and speculators have been making noise for months that lower prices will put pressure on cash-strapped firms, thus leading to potential acquisitions.

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  9. Amid job cuts, BP looks to sublease space at its Westlake campusRead the original story w/Photo

    Thursday Feb 12 | Business Journal

    As the energy supermajor cuts thousands of jobs globally, U.K.-based BP PLC is looking to sublease office space in two of the buildings that make up its U.S. headquarters. BP is offering office space of about 240,000-square feet in two of the Westlake campus buildings that it leases, but does not own.

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  10. Understanding The Oil Market - An Industry Primer With Breakdown Of Recent Trends By SegmentRead the original story w/Photo

    Wednesday Feb 11 | Seeking Alpha

    ... the point of sale. Large integrated companies include Exxon Mobil (NYSE: XOM ), Royal Dutch Shell ( RDS.A , RDS.B ), BP Plc (NYSE: BP ), etc. Companies in the upstream industry are involved in the exploration and production of crude oil and natural ...

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  11. Can Oil Majors Generate Enough Cash?Read the original story w/Photo

    Tuesday Feb 10 | Seeking Alpha

    Within the last months, I have calculated production costs for oil companies in 2013 all over the world and I have summarized my results in an article . In that research I only considered the income statement and eliminated all factors that are not directly related to hydrocarbon production.

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  12. Oil Sector Expected To Reduce Investment In New ProjectsRead the original story w/Photo

    Sunday Feb 8 | Seeking Alpha

    Despite the overall benefits for the global economy, the prolonged period of low oil prices is likely to reduce investment in new oil projects, raising the potential for economic and political instability in some oil exporting countries. Since OPEC declined to reduce its production rates in late November 2014, both the global oil giants and smaller players in the oil sector moved to reduce their investments and capital spending in order to sustain the potential damage to their everyday operations.

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  13. BP plc Stock Rating Reaffirmed by NomuraRead the original story

    Saturday Feb 7 | AmericanBankingNews.com

    's stock had its "neutral" rating restated by investment analysts at Nomura in a note issued to investors on Monday. BP plc traded up 0.11% on Monday, hitting GBX 450.60.

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  14. U.S. refineries strike to widen as walkouts planned at BP plantsRead the original story

    Friday Feb 6 | Vallejo News

    A strike by U.S. refinery workers is set to widen late Saturday night as walkouts have been scheduled at BP Plc refineries in Indiana and Ohio, said a BP spokesman. Strikes by hourly workers represented by the United Steelworkers union are set to begin at BP's Whiting, Indiana, and Toledo, Ohio, refineries at 11:59 local time Saturday.

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  15. BP's 6% Yield Firm, But Rosneft's Debt Problems LoomRead the original story w/Photo

    Thursday Feb 5 | Seeking Alpha

    To protect its financial position and dividend, BP is cutting its organic capex budget by $2.9 billion this year. BP still plans to divest at least another $5.3 billion worth of assets by the end of 2015, which will help bolster its cash flow streams.

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  16. Shell Is Not Willing To Repeat Mistakes Of The PastRead the original story w/Photo

    Friday Feb 6 | Seeking Alpha

    It appears as if Royal Dutch Shell -- the biggest European oil major -- believes that the last time it embarked on wholesale cost and capex reduction in response to a collapse in oil prices was the making of a long-term mistake. It seems as if the underinvestment of the 1990s is still fresh in the minds of company management, and the message is clear that the company will not make the same mistakes again.

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  17. Deutsche Bank Reaffirms "Buy" Rating for BP plcRead the original story

    Thursday Feb 5 | AmericanBankingNews.com

    ... stock. Deutsche Bank's price objective would indicate a potential upside of 4.42% from the company's current price. BP plc ( LON:BP ) traded up 1.07% on Thursday, hitting GBX 450.10. 31,993,132 shares of the company's stock traded hands. BP plc has ...

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  18. BP plc Given New GBX 420 Price Target at Credit SuisseRead the original story

    Thursday Feb 5 | AmericanBankingNews.com

    ... research analysts have also recently issued reports about the stock. Analysts at Charles Stanley downgraded shares of BP plc to a "hold" rating in a research note on Wednesday. Analysts at Canaccord Genuity reiterated a "hold" rating and set a GBX ...

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  19. Can Energy ETFs Regain Fervor On Capital Spending Cuts?Read the original story w/Photo

    Thursday Feb 5 | Seeking Alpha

    ... OXY ) reduced its capital spending by 33% to $5.8 billion for this year. European oil majors also followed suit. BP plc (NYSE: BP ) announced spending cuts by 20% to $20 billion for this year from the previous guidance of $25 billion. Royal Dutch ...

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  20. How Much Does It Cost To Produce One Barrel Of Oil (121 Companies)?Read the original story w/Photo

    Thursday Feb 5 | Seeking Alpha

    The profit of any oil companies depends on the price it needs to produce its goods, technically spoken 1 barrel of oil equivalent. In the last months I have investigated production costs of 121 upstream companies all over the world.

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