BP’s stock price target has edged higher, with recent analysis increasing its fair value estimate from $4.59 to $4.72 per share. Analysts point to a lower discount rate and rising confidence in BP's ...
This article first appeared on GuruFocus. BP Plc's (NYSE:BP) third-quarter results have injected a fresh dose of confidence into its turnaround story. The British energy major posted an adjusted net ...
JERA Nex BP is ending activities in the US after concluding there “is no viable path for development” of its Beacon Wind offshore project. The decision to shutter its American operations ends an ...
A Thursday evening fire at the BP Whiting refinery caused internal sirens and flares to go off, a social media post from the company announced Friday morning. “The BP Whiting refinery responded to an ...
BP Plc (NYSE: BP) approved a $5 billion oil and gas project in the Gulf of America, reinforcing its commitment to the offshore basin as a driver of future growth. The Tiber-Guadalupe development is ...
CHONGQING, CHINA - JULY 31: In this photo illustration, a smartphone displays the logo of BP plc (NYSE: BP), a British multinational oil and gas company, in front of a screen showing the company's ...
BP: Strategic Realignment And Cost-Saving Initiatives May Expand Profitability And Cash Flow Margins
In 2Q25, BP's revenue declined by 1.4% y/y to $46.62 billion. However, net income grew by 26.5x, and net income margin improved to 4.14%. BP will deprioritize investments in renewables and focus on ...
Global energy giant BP said it would cut thousands more jobs by the end of this year, as the company continues to reduce its renewable energy plans to focus more on its longtime core business of oil ...
BP employs about 4,000 people in the Houston area, more than any other location in its global footprint. While the company hasn't said exactly how many local jobs will be impacted, concerns are ...
The business review comes just a few months after BP said it would save $4bn to $5bn by the end of 2027, relative to 2023 costs. BP surprised investors on Tuesday by reporting stronger-than-expected ...
BP has signalled an accelerated effort to bring down costs ahead, refusing to rule out further job losses as artificial intelligence (AI) technology helps drive efficiencies. The company, which ...
BP joins majors betting on Brazil for major future output Santos basin find may be BP's biggest since 1999 Azeri discovery CO2 level could threaten viability, says Petrobras ex-CEO BP is seeking to ...
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