New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For BP;MRO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
December 21, 2014
19:45 EDTBPSaudis say oil prices will recover as global economies grow,The Independent says
Subscribe for More Information
16:42 EDTBPSaudis say no cut in oil production is forthcoming, Reuters says
Signalling that it will ride out the recent volatility in oil markets, Saudi Arabia said it will not cut oil production even if non-OPEC nations did so, Reuters reports. "If they want to cut production they are welcome: We are not going to cut, certainly Saudi Arabia is not going to cut," commented Saudi Oil Minister Ali al-Naimi. 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
14:16 EDTBPU.S seeks up to $18B in water-pollution fines from BP for spill, Bloomberg says
Subscribe for More Information
December 18, 2014
07:47 EDTBPJacobs Engineering selected by BP as strategic supplier
Subscribe for More Information
December 17, 2014
17:03 EDTMROMarathon Oil sees FY15 CapEx approximately $4.3B-$4.5B
Subscribe for More Information
December 15, 2014
13:00 EDTBPEU conditionally approves BP acquisition of jet fuel unit, Reuters says
Subscribe for More Information
10:00 EDTMROOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:55 EDTMROMarathon Oil coverage resumed with a Neutral at Goldman
Subscribe for More Information
December 14, 2014
17:07 EDTBPOPEC's Badri says group will withstand oil price fall, Reuters says
Subscribe for More Information
December 12, 2014
06:51 EDTBPBrent crude oil fell to five year low, Reuters reports
Subscribe for More Information
December 10, 2014
12:42 EDTBPBP volatility increases as shares trade at 30-month low
BP December and January call option implied volatility is at 31; compared to its 26-week average of 17 according to Track Data, suggesting large price movement.
10:00 EDTBPOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:06 EDTBPBP sees $1B in group-wide restructuring charges over coming year
"Although the current environment is challenging, BP is well-positioned to respond and manage our Upstream business for the long term,” said Upstream CEO Lamar McKay. “We expect to see growth from our conventional and deepwater assets and an increasing contribution from gas. And we also have a quality pipeline of opportunities that we believe are capable of extending underlying growth well beyond 2020. Our focus throughout will remain firmly on safe operations, execution efficiency and greater plant reliability.” BP also said that, as part of its wider ongoing Group-wide programme to simplify across its Upstream and Downstream activities and corporate functions, it expects to incur non-operating restructuring charges of circa $1B in total over the next five quarters, including the current quarter. Details of these charges and further guidance on the program are expected to be given with each quarter’s results. Across the Group, BP has said it will be looking to pare or re-phase capital expenditure without compromising safety or future growth. In October, BP told investors this could result in reductions of $1B-$2B in capital expenditure across the Group in 2015 against guidance of $24B-$26B laid out in March. This will be reviewed further as part of the 2015 plan, recognising the current outlook for oil prices. Between now and 2020, the Upstream team’s focus will be on delivery, through safe and reliable operations, strong execution in the existing base business, and the start-up of a suite of new projects which are expected to be capable of adding over 900,000 barrels of oil equivalent a day of net incremental production to BP’s portfolio by 2020. BP will also be progressing opportunities expected to continue to drive underlying growth into the next decade as it builds out its well-established conventional and deepwater oil positions and a distinctive and material portfolio of gas options.
05:53 EDTBPBP upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded BP (BP) to Buy saying shares could see an inflection point in 2015 with the Macondo penalty phase going to trial in January. Deutsche coupled the upgrade of BP with a downgrade of Royal Dutch Shell (RDS.A) to Hold.
December 9, 2014
11:40 EDTBPBP to invest $12B in Egypt over next five years, Reuters reports
Subscribe for More Information
08:39 EDTBPBP to close U.S. cellulosic operations, Bloomberg reports
Subscribe for More Information
December 8, 2014
10:53 EDTBPBP to continue advocating for probe of suspicious, implausible spill claims
Subscribe for More Information
10:11 EDTBPBP's plea to review Deepwater Horizon settlement rejected, WSJ reports
Subscribe for More Information
07:53 EDTBPClimate for Exxon E&P acquisition improved by falling prices, WSJ says
Subscribe for More Information
06:09 EDTBPBP to cut hundreds of U.K. jobs this week, Guardian reports
Subscribe for More Information
1 | 2 | all recent news | >>

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