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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
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October 30, 2014
08:20 EDTBPMarathon Petroleum and partners order study of future operations for Capline
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October 28, 2014
06:06 EDTBPBP oil spill left 'bathtub ring' on Gulf of Mexico floor, AP reports
New research shows that the BP oil spill in April 2010 left an oily "bathtub ring" on the sea floor that is nearly the size of Rhode Island, the Associated Press reports, citing a study by UC Santa Barbara’s David Valentine, the chief scientist on the federal damage assessment research ships. The study estimates that around 10M gallons of oil congealed on the Gulf of Mexico's floor around the damaged Deepwater Horizons oil rig. Reference Link
05:46 EDTBPBP raises quarterly dividend 5.3% to 10c
BP announced a quarterly dividend of 10c per ordinary share, a 5.3% year-on-year increase. It is expected to be paid in December. BP said it has continued its program of share buybacks and that $10B has now been used to buy back shares for cancellation since March 2013. Divestments with a cumulative value of $4B have now been agreed towards a total of $10B expected by the end of 2015.
05:44 EDTBPBP reports Q3 EPS 99c, consensus 91c
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05:36 EDTBPCGG SA, BP announce R&D agreement
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October 26, 2014
17:07 EDTBPVenezuela decides against Citgo sale, WSJ says
Venezuela has decided against selling its U.S. refining unit Citgo, says the Wall street Journal. Earlier this year Venezuelan officials indicated that they were looking to sell Citgo for as much as $10B, added the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
October 24, 2014
07:23 EDTBPHalliburton feels BP spill trial proposal should be declined, Bloomberg says
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06:22 EDTBPStatoil secures new Australian exploration permit
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October 23, 2014
11:41 EDTBPBP downgraded to Hold from Buy at Societe Generale
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09:01 EDTBPChevron announces oil discovery in deepwater U.S. Gulf of Mexico
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05:53 EDTBPBP, GDF Suez discover new Central North Sea field
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