New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 29, 2014
05:53 EDTBPBP reports Q1 EPS $1.05, consensus $1.01
BP’s Q1 replacement cost profit was $3.4B. Total group reported production of oil and gas for the quarter, including Russia, was 3.13M barrels of oil equivalent a day. BP’s share of Rosneft oil and gas production for the quarter was 1M boe/d. Excluding Russia, underlying production was slightly lower than a year earlier as higher output from new projects in the North Sea, Angola and Gulf of Mexico was offset by turnaround activity in Angola and lower production elsewhere. Reported production, excluding Russia, was 8.5% lower reflecting both the expiry in January of the onshore concession in Abu Dhabi and the impact of divestments. BP said eight exploration wells have been completed so far in 2014, including the Cobalt-operated Orca discovery in Angola and the BG-operated Notus discovery in Egypt, and BP is on track to participate in at least 15 exploration wells over the full year. The total cumulative net charge for the Gulf of Mexico oil spill remains at $42.7B.
News For BP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 27, 2015
15:03 EDTBPNotable companies reporting before tomorrow's open
Subscribe for More Information
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
July 15, 2015
19:11 EDTBPBP CEO vows more engangement in Indian oil, gas sector, Times of India says
Subscribe for More Information
06:25 EDTBPMexican businessmen financing homegrown oil companies, WSJ reports
Several Mexican businessmen, including former Mexican finance minister Pedro Aspe, have started financing or creating homegrown oil companies in Mexico as the country opens its oil industry to competition, the Wall Street Journal reports. The new companies aim not only to compete with Pemex, but also with global oil giants such as Exxon Mobil (XOM) and Royal Dutch Shell (RDS.A), the report says. Mexico will hold three auctions of oil blocks this year, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), and Total (TOT). Reference Link
July 13, 2015
07:34 EDTBPOPEC forecasts stronger crude demand next year, Bloomberg reports
The Organization of Petroleum Exporting Countries predicts an "improvement towards a more balanced market” in 2016 as consumption grows faster than supply, reported Bloomberg, citing the oil group's monthly market report. Amid the demand forecast, Saudi Arabia reported that it pumped a record 10.564M barrels a day in June, according to data the kingdom submitted to OPEC, the news service added. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use