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Stock Market & Financial Investment News

News Breaks
February 25, 2013
07:33 EDTBPBP may be offered $16B settlement deal by DOJ, states, WSJ reports
The Justice Department and states at the Gulf Coast are considering offering BP (BP) a deal whereby the company would pay $16B to settle civil claims related to the deadly 2010 Deepwater Horizon incident, sources say, reports the Wall Street Journal. The settlement would cover potential fines owed by BP under the Clean Water Act, and payments under an environmental evaluation known as the Natural Resources Damage Assessment, the sources added. BP has agreed to pay more than $30B in fines, settlements and cleanup costs for the well blowout and resulting Gulf of Mexico oil spill. Reference Link
News For BP 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.
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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