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Stock Market & Financial Investment News

News Breaks
January 17, 2013
09:57 EDTSTO, BPBP confirms major security incident at In Amenas JV site continuing
BP (BP) confirmed in a press release that the major security incident at the In Amenas joint venture site in Algeria is continuing. BP said, "The situation on site remains unresolved and fragile. Armed groups still occupy the site and hold a number of site personnel. BPs overriding priority is to do all we can to ensure the safety of our staff and to support their families during this anguishing time. All our efforts are focussed on supporting the authorities to secure a peaceful resolution of the situation and the safe return of our colleagues, and all other workers being detained. A number of BP staff are among those held on the site. To ensure we do not risk compromising the safety of these staff in any way, we do not currently intend to publicly release details of our staff members; their number, nationalities or identities. We are in contact with the families of those BP staff, offering them support and information. We will remain in frequent contact with the families to provide support and update them on developments. BP is in regular contact with the Algerian authorities, with our partners at Statoil (STO) and with other companies involved in the situation. BP is also keeping the UK government and authorities, and those of a number of other countries, advised on developments in the evolving situation and working closely with them to liaise with the Algerian authorities and further support the families."
News For BP;STO From The Last 14 Days
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July 30, 2015
10:00 EDTBPOn The Fly: Analyst Upgrade Summary
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08:16 EDTBPBP upgraded to Buy from Hold at Argus
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July 29, 2015
13:04 EDTBPSaudi Arabia to lower oil production after summer, WSJ reports
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July 28, 2015
09:18 EDTBPOn The Fly: Pre-market Movers
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05:57 EDTBPBP sees Q3 production to be broadly flat with Q2
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05:57 EDTBPBP reports Q2 production up 0.3% to 2,112 mboe/d
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05:56 EDTBPBP reports Q2 profit ($5.82B) vs. $3.37B last year
Reports Q2 replacement cost profit ($6.27B) vs. $3.18B last year. Reports Q2 underlying replacement cost benefit $1.31B vs. $3.64B last year. Reports Q2 underlying replacement cost profit per ordinary share of $7.17 vs. $19.71 last year. Reports Q2 replacement cost per ADS 43c vs. $1.18 last year.
05:21 EDTSTOStatoil to change reporting currency to USD from NOK from Q1 of FY16
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05:19 EDTSTOStatoil reports Q2 EPS NOK 3.15 vs. NOK 3.75 last year
Reports Q2 adjusted earnings NOK 22.4B vs. NOK 32.3B last year. Reports Q2 adjusted earnings after tax NOK 7.2B vs. 9.9B last year.
July 27, 2015
15:03 EDTBPNotable companies reporting before tomorrow's open
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July 22, 2015
06:39 EDTBPEuro, U.S. oil and gas groups to find tough competition in Iran, WSJ says
European and U.S. oil and gas firms drawn to Iran as sanctions lessen can expect not only opportunities, but also Iranian companies offering tough competition or joint ventures, the Wall Street Journal reports. Though no Iran-based companies have the clout of firms such as Exxon Mobil (XOM) or Schlumberger (SLB), companies that can take on engineering tasks are emerging and growing in Iran, the report says. If the Iran nuclear agreement comes into effect and sanctions are lifted against Iran sometime soon, those Iranian companies will be well positioned to compete for tens of billions of dollars worth of service contracts, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:27 EDTBPBP faces challenges in India, Russia, WSJ reports
BP's oil and gas fields project in India with Reliance Industries, the company's first major project since the Deepwater Horizon spill in 2010, has been stalled, posing global challenges for the oil giant, the Wall Street Journal reports. In addition, political hurdles in Russia and cost-ineffective shale operations in the U.S. have also hurt BP, the report says. Reference Link

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