BP Sep 2024 46.000 call
- Zacks
BP p.l.c. (BP) is Attracting Investor Attention: Here is What You Should Know
BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- Reuters
BP to buy out Bunge's stake in Brazilian biofuels JV in $1.4 billion deal
LONDON (Reuters) -BP has agreed to buy grain trader Bunge's 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for $1.4 billion in a bet on growing demand for low-carbon biofuels. Following the completion of the deal, expected by end-2024, BP will take full ownership of Bioenergia which has production capacity of around 50,000 barrels a day of ethanol equivalent from sugarcane. BP will consolidate Bioenergia's debt and lease obligations of $1.2 billion, it said, meaning it will pay out a total of $800 million to Bunge, according to Reuters calculations.
- Zacks
Here's Why Retain Strategy is Apt for BP Stock Right Now
BP has a strong presence in refining and marketing spaces, providing support during periods of business turmoil and low oil prices.
