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News Breaks
July 29, 2014
05:52 EDTBPBP reports Q2 EPS $1.18, consensus $1.12
Reports Q2 replacement cost profit was $3.18B, compared with $2.4B a year ago. BP said all amounts relating to the Gulf of Mexico oil spill have been treated as non-operating items, with a net pre-tax charge of $260M for the quarter. The company said rising oil and gas production from new and recently-started higher-margin upstream projects and increased processing of heavy crude oil by the newly-modernized Whiting refinery contributed to operating cash flow of $7.9B in the quarter. Total operating cash flow for the first half of 2014 was $16.1B.
News For BP From The Last 14 Days
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October 2, 2015
06:28 EDTBPBP in talks over deal with Iran, the Times reports
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October 1, 2015
09:35 EDTBPActive equity options trading on open
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September 28, 2015
10:00 EDTBPOn The Fly: Analyst Initiation Summary
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08:03 EDTBPBP initiated with an Outperform at BMO Capital
06:20 EDTBPBP not concerned over hostile takeover due to Macondo disclaimer, Bloomberg says
BP, which is allegedly readying defenses for potential acquisition offers, isn't concerned about a hostile takeover because of a disclaimer in its Macondo spill settlement that could put $12.6B onto the price tag, Bloomberg reports. A potential buyer may have to accelerate the payment of as much as two-thirds of the $18.7B in penalties BP agreed to pay the U.S. and several states, the report says, citing company filings. An option that provides the government and certain states the power to demand faster payment in a takeover basically hands them a veto over any deal, the report says. Reference Link
September 24, 2015
06:20 EDTBPBP management to meet with Jefferies
Meetings to be held in Chicago/Kansas City/Minneapolis September 29- October 1 hosted by Jefferies.
September 22, 2015
13:13 EDTBPBP initiated with a Neutral at Macquarie

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