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Stock Market & Financial Investment News

News Breaks
January 22, 2013
16:16 EDTKBR, BPKBR awarded $3.5M turnaround management contract for BP plant in Decatur, AL
KBR (KBR) announced that it has been selected to provide the BP (BP) Decatur site with specialty turnaround management and turnaround mechanical execution services for one of the six on-site production units at the Western Hemisphere aromatics petrochemical site in Decatur, AL. This plant utilizes paraxylene to manufacture plastic bottles, polyester material and new generation polyesters and resins. The contract award is valued at $3.5M and underscores KBR's ability to mobilize skilled resources and execute highly complex, time-sensitive projects.
News For KBR;BP From The Last 14 Days
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July 2, 2015
09:57 EDTBPBP rallies after Deepwater Horizon settlement
Shares are up nearly 5% to $41.24 at time of writing. At that price next resistance is at $41.86, the 50-day moving average. Support is at $40.55.
09:35 EDTBPActive equity options trading on open
Active equity options trading on open: AAPL HP TSLA FB GRPN BP MEP GILD
09:15 EDTBPBP jumps 4% after announcing Deepwater Horizon settlement
09:15 EDTBPBP to settle U.S. federal, state Deepwater Horizon claims for up to $18.7B
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09:12 EDTBPBP CFO says impact of settlement will be manageable
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09:11 EDTBPBP chairman says Deepwater settlement resolves largest remaining legal exposures
BP chairman Carl-Henric Svanberg said: "Five years ago we committed to restore the Gulf economy and environment and we have worked ever since to deliver on that promise. We have made significant progress, and with this agreement we provide a path to closure for BP and the Gulf. It resolves the company's largest remaining legal exposures, provides clarity on costs and creates certainty of payment for all parties involved. In deciding to follow this path, the Board has balanced the risks, timing and consequences associated with many years of litigation against its wish for the company to be able to set a clear course for the future. The Board therefore believes that this agreement is in the best long-term interest of BP and its shareholders. The Board set out its position on the dividend at the first quarter and this remains unchanged by the agreement."
09:06 EDTBPBP to settle U.S. federal, state Deepwater Horizon claims for up to $18.7B
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08:55 EDTBPBP reaches settlement deal over GOM spill, Bloomberg says
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08:03 EDTBPBP said to settle Macondo spill claims with states, U.S., Bloomberg reports
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July 1, 2015
18:20 EDTBPShell CEO says Opec production has pressured shale companies, FT reports
In an interview with the Financial Times, Shell (RDS.A, RDS.B) CEO Ben van Beurden said Opec's decision not to cut production has sent a "powerful signal... to shale oil companies as well as their financiers that they cannot forget the price risk. The industry will remember it for some time." The CEO noted that industry efforts to boost efficiency and cut costs should keep production going for "a while to come... until the sweet spots start running out." Publicly traded companies in the space include Chevron (CVX), Anadarko Petroleum (APC), Exxon Mobil (XOM), BP (BP), Marathon Oil (MRO), BHP Billiton (BHP), ConocoPhillips (COP), Pioneer Natural Resources (PXD), EOG Resources (EOG), Concho (CXO), Whiting Petroleum (WLL), and Continental Resources (CLR). Reference Link
June 29, 2015
10:14 EDTBPBP, Anadarko penalty appeals rejected by Supreme Court, Reuters reports
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09:36 EDTBPBP, Anadarko appeals on penalties rejected by Supreme Court, Reuters reports
The companies were rejected on appeals to avoid clean water act penalties related to the Deepwater Horizon spill, Reuters said.
09:35 EDTBPActive equity options trading on open
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June 26, 2015
14:35 EDTBPImperial Oil and partners Exxon Mobil, BP delay Arctic drilling, CBC News says
Imperial Oil (IMO) as well as its joint venture partners Exxon Mobil (XOM) and BP (BP) have postponed plans for exploratory drilling in the Beaufort Sea, says CBC News Reference Link
13:48 EDTBPLone Star Value calls on Penn Virginia to launch strategic alternatives review
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June 25, 2015
14:29 EDTBPPenn Virginia says did not issue press release earlier, no comment on rumors
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13:08 EDTBPPenn Virginia higher after blog speculates on another deal
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12:07 EDTBPBP said to make $8/share bid for Penn Virginia, Proactive Investors blog says
BP (BP) has made a $8 per share takeover bid for Penn Virginia (PVA), but the latter rejected the bid and is "holding out" for at least $10 per share, UK investor blog Proactive Investors claimed, citing people familiar with the matter. ExxonMobil (XOM) and Chevron (CVX) may also be interested in buying Penn Virginia, according to Proactive, which identifies itself as a "leading multi-media news organisation, investor portal and events management business." Penn Virginia shares are up 7% in midday trading following the report from the blog, which was previously credited for a report on alleged takeover advances made toward drugmaker Receptos (RCPT). Reference Link
11:58 EDTBPBP said to bid to buy Penn Virginia, Proactive Investors says
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June 24, 2015
07:19 EDTBPU.K. panel to decide on first fracking in area since 2011, WSJ reports
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