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Stock Market & Financial Investment News

News Breaks
January 10, 2013
14:01 EDTPTRY, BPPantry, BP enter fuel supply agreement expiring December 31, 2019
In a regulatory filing, Pantry (PTRY) disclosed that on January 7, the company entered into a Branded Jobber contract with BP Products North America (BP). The agreement supersedes and replaces the original Branded Jobber Contract dated February 1, 2003, as amended, between the company and BP. The agreement provides for BP to supply, and the company to purchase, certain minimum amounts of motor fuel for the company’s specified convenience store locations. The agreement initially relates to 394 BP branded outlets with provisions pursuant to which locations may be added to or removed from the agreement during the term of the agreement for specified reasons. The prices provided for in the agreement are based upon industry indexes. If the company fails to purchase its annual minimum contract volume, BP may charge the company a shortfall penalty of 2c per gallon times the difference between the number of gallons purchased and the minimum volume requirement. The term of the agreement expires on December 31, 2019.
News For PTRY;BP From The Last 14 Days
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October 19, 2014
13:04 EDTPTRYTake profits in The Pantry, Barron's says
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October 16, 2014
13:54 EDTBPGulf states to oppose OPEC oil production ceiling cut, WSJ says
Despite the recent turmoil in the oil market, Gulf nations including Saudi Arabia, Kuwait and the United Arab Emirates are seen as opposing OPEC oil-production ceiling cuts at next month's meeting, says 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 15, 2014
07:44 EDTBPExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
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October 13, 2014
06:36 EDTBPSaudi Arabia content to let oil prices stay low, Reuters reports
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October 12, 2014
13:53 EDTBPKuwaiti Minister says OPEC unlikely to cut production, WSJ says
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13:45 EDTBPSaudis take aggressive oil measures in Europe, WSJ says
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October 10, 2014
09:05 EDTBPBP begins $1.1B North Sea project, Bloomberg says
BP CEO Bob Dudley said that the company is poised to begin a project worth close to $1.1B in the North Sea this month, which is anticipated to supply oil and gas into the next ten years, according to Bloomberg, citing comments from Dudley. Reference Link

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