BP - BP p.l.c.

NYSE - NYSE Delayed Price. Currency in USD
38.99
+0.30 (+0.78%)
At close: 4:00PM EDT
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Previous Close38.69
Open39.02
Bid38.97 x 800
Ask39.10 x 3000
Day's Range38.90 - 39.27
52 Week Range35.73 - 47.16
Volume5,380,660
Avg. Volume7,231,562
Market Cap132.595B
Beta (3Y Monthly)0.61
PE Ratio (TTM)14.84
EPS (TTM)2.63
Earnings DateN/A
Forward Dividend & Yield2.46 (6.36%)
Ex-Dividend Date2019-08-08
1y Target Est50.78
Trade prices are not sourced from all markets
  • Talos Sells Stake in GoM Block to BP, Buys ExxonMobil Blocks
    Zacks

    Talos Sells Stake in GoM Block to BP, Buys ExxonMobil Blocks

    Talos Energy (TALO) expands GoM footprint with the acquisition of the Hershey prospect from ExxonMobil, while divests Puma West stake to BP for cost reduction.

  • Outlook for Oil & Gas Integrated International Industry Bleak
    Zacks

    Outlook for Oil & Gas Integrated International Industry Bleak

    Outlook for Oil & Gas Integrated International Industry Bleak

  • BP (BP) Outpaces Stock Market Gains: What You Should Know
    Zacks

    BP (BP) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, BP (BP) closed at $38.59, marking a +0.13% move from the previous day.

  • BP Stock: Should You Buy It Now?
    Market Realist

    BP Stock: Should You Buy It Now?

    BP (BP) stock rose 3.9% on Monday due to higher oil prices. The drone attack on Saudi Arabia’s oilfield increased WTI crude oil by about 13%.

  • Expert: Saudi Arabia's vulnerability 'the biggest surprise' of drone attack
    Yahoo Finance

    Expert: Saudi Arabia's vulnerability 'the biggest surprise' of drone attack

    Ion Energy Group Consultant Kyle Cooper told Yahoo Finance’s YFi PM that markets assumed Saudi Arabia's oil facilities were well-protected.

  • Attack on Saudi Arabia's oil infrastructure 'may have been an overstep': expert on Iran
    Yahoo Finance

    Attack on Saudi Arabia's oil infrastructure 'may have been an overstep': expert on Iran

    Iran denies any role in the attack on Saudi Arabia's oil infrastructure but analysts say evidence points to Iran and they are calling for a response that may include military action against Iran.

  • Higher Oil Prices Boost XOM, CVX, Shell, BP
    Market Realist

    Higher Oil Prices Boost XOM, CVX, Shell, BP

    Rising oil prices boosted energy stocks on September 16, as the drone attack on Saudi Aramco’s oil field propelled oil prices by about 10%.

  • 5 Oil Stocks to Win Big as Prices Jump on Middle East Tension
    Zacks

    5 Oil Stocks to Win Big as Prices Jump on Middle East Tension

    The drone attack on Saudi Arabia could have a far-reaching impact on oil prices as it eliminated roughly 5% of daily oil supply globally and it is not possible to mitigate these losses immediately.

  • The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, BP, Royal Dutch Shell and Valero
    Zacks

    The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, BP, Royal Dutch Shell and Valero

    The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, BP, Royal Dutch Shell and Valero

  • Valuations: Where Do XOM, CVX, Shell, and BP Stand?
    Market Realist

    Valuations: Where Do XOM, CVX, Shell, and BP Stand?

    The valuations of integrated energy stocks ExxonMobil, Chevron, Shell, and BP have been slammed in Q3, led by volatile equity markets and oil prices.

  • U.S. Oil Ends Lower Even as EIA Reveals Drop in Inventories
    Zacks

    U.S. Oil Ends Lower Even as EIA Reveals Drop in Inventories

    While EIA reports the fourth straight weekly inventory decline, crude prices fall after OPEC cut its forecast for oil demand growth this year and next.

  • BP CEO Plans Sale of Some Oil Projects to Hit Climate Target
    Bloomberg

    BP CEO Plans Sale of Some Oil Projects to Hit Climate Target

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.BP Plc’s CEO plans to sell some oil projects and curb the development of others to align its business with the Paris accord, the latest sign climate concerns are starting to impact the investment decisions of the world’s largest fossil fuel producers.Senior BP executives met within the last few days to discuss how to cut carbon as it grapples with a shareholder resolution requiring the company to explain how its spending is aligned with Paris, Chief Executive Officer Bob Dudley said on a Wednesday conference call organized by JPMorgan Chase & Co.One proposal weighed up by BP’s management team was exiting the most carbon-intensive projects, though Dudley wouldn’t say which assets were targets because there are “governments and partners involved.”“We are certain we’ve got a path, it may not be linear, to being consistent with Paris goals,” Dudley said in conversation with JPMorgan’s head of European oil research Christyan Malek. “There are going to be projects that we don’t do, things that we might have done in the past. Certain kinds of oil, for example, that have a different carbon footprint.”His comments offer a response to increasingly severe criticism aimed at the entire oil industry over its contribution to man-made climate change. BP’s own shareholders sparred with company managers at its annual general meeting in May, before voting almost unanimously to require the company to issue a report about how each new investment is aligned with Paris. The report will be issued before its next AGM in May 2020.Still, the plan may prompt questions about how selling assets to another producer can help curb global emissions. For example, Dudley said on the call that the sale last month of BP’s oil and gas fields in Alaska helped it reduce its carbon footprint. But the buyer plans to invest more in the fields than BP would have, potentially increasing production and boosting emissions in the process.Dudley also pointed out the main driver of the Alaska sale was the fact those fields were struggling to compete for capital within BP because production there was unlikely to grow as much as at the company’s other projects. Dudley said he is driving down the entire company’s “break-even” point toward $50 a barrel, meaning projects will need to be cheap to stay within BP’s portfolio.Also read: BP Says Some of Its Oil ‘Won’t See the Light of Day’Dudley said he’s juggling with the challenge of investing in relatively low-return renewables businesses while maintaining the company’s large dividend. He took aim at those who didn’t acknowledge how beneficial it is when BP does invest in low-carbon technology, saying any assessment of its carbon footprint should probably include the emissions it avoids.“We’ll reduce the emissions from our operations, reduce the emissions from our products and come up with the new business models,” he said. “If you add all those figures up in reductions of greenhouse gas -- for example, we have a big solar business, a big biofuel, wind business -- you almost get no credit when you do those calculations.”While he has maintained the company’s business model already aligns with the Paris accord, he said having to issue a report to benchmark progress has caused BP to think further about its spending.Carbon TrackerA report by Carbon Tracker last week said BP’s most polluting investments are the Zinia 2 project in Angola and the Azeri-Chirag-Gunashli development in Azerbaijan, and that neither are compatible with the Paris goals.“Our strategy is to produce advantaged barrels, which involves considering factors like whether they are economic to produce, low risk to bring to market and lower carbon from an emissions standpoint,” a BP spokeswoman said in response to the Carbon Tracker assessment. These “could help to push other more costly and high-carbon barrels out of the mix, just as gas can help to push coal out of the power mix.”BP is also seeking to divest assets because its debt is too high, Dudley said on the call, constraining his spending power. It has announced about $7 billion of a $10 billion disposal program linked to the purchase of shale fields from BHP Group Ltd. last year. An earlier plan to meet that target by selling older onshore gas fields was complicated by the price of natural gas falling, he said.BP became the operator of the BHP fields in March, which has now caused other complications to the British company’s climate ambitions. Dudley said the level of flaring, the deliberate burning of methane at the place it’s produced, is “not right,” and he is working to reduce it. Earlier this week, the company announced it was adding new equipment to its projects to quantify and identify methane leaks.(Updates with comments on break-even price in seventh paragraph.)To contact the reporter on this story: Kelly Gilblom in London at kgilblom@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Helen Robertson, Amanda JordanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • BP unveils measures to battle methane leaks
    Reuters

    BP unveils measures to battle methane leaks

    BP is introducing continuous monitoring of methane leaks at new oil and gas projects using drones and surveillance cameras, in a bid to cut emissions of the potent greenhouse gas to near zero. The technology, which could encompass BP's entire output within a decade or so, comes as the oil and gas industry faces mounting pressure from investors and activists to cut heat-trapping emissions to meet 2015 Paris Climate Agreement goals. In what it said was an industry first, London-based BP said methane detecting and measurement technologies will be deployed at all its new projects globally to cut the volume of methane production it loses as emissions to below its current target of 0.2%.

  • Is BP p.l.c.'s (LON:BP.) High P/E Ratio A Problem For Investors?
    Simply Wall St.

    Is BP p.l.c.'s (LON:BP.) High P/E Ratio A Problem For Investors?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • ExxonMobil to Divest Oil & Gas Resources in Norway For $4B
    Zacks

    ExxonMobil to Divest Oil & Gas Resources in Norway For $4B

    ExxonMobil's (XOM) decision to sell Norway oil & natural gas assets reflects strong focus on boosting oil equivalent volumes from American onshore shale resources.

  • BP aims to sell more U.S. crude to Asia, boost LNG supplies in early 2020s
    Reuters

    BP aims to sell more U.S. crude to Asia, boost LNG supplies in early 2020s

    Oil major BP plans to sell more U.S. crude to Asia as its shale oil production grows, seeking to capitalise on growth in the world's key demand region. The strategy, outlined in a Reuters interview with company executives, follows BP's move to acquire giant miner BHP's assets in the United States' prolific Permian shale basin last year, expected to give its portfolio a boost in light-sweet crude production. "This (Asia) is a key growth region" for energy demand, said Sharon Weintraub, BP's chief executive officer of supply and trading for the eastern hemisphere.

  • BP Sees Worldwide Oil Demand to Grow at a Slower Pace in '19
    Zacks

    BP Sees Worldwide Oil Demand to Grow at a Slower Pace in '19

    BP reportedly announces that the escalating tariff war between the United States & China, and growing fears of recession have been denting demand for oil and refined petroleum products.

  • BP (BP) Gains But Lags Market: What You Should Know
    Zacks

    BP (BP) Gains But Lags Market: What You Should Know

    BP (BP) closed the most recent trading day at $37.31, moving +0.97% from the previous trading session.

  • Oil & Gas Stock Roundup: BP Out of Alaska, Equinor Speeds Up Oil Field Start Up
    Zacks

    Oil & Gas Stock Roundup: BP Out of Alaska, Equinor Speeds Up Oil Field Start Up

    BP plc (BP) farmed out of Alaska, selling its entire business to Hilcorp Energy for $5.6 billion, while Equinor (EQNR) indicated an earlier-than-expected start up of the giant Johan Sverdrup field.

  • Institutional Holdings in XOM, CVX, BP, and RDS.A
    Market Realist

    Institutional Holdings in XOM, CVX, BP, and RDS.A

    Institutional holdings in Chevron, ExxonMobil, Royal Dutch Shell, and BP stand at levels ranging from 10% in Shell to 68% in Chevron.

  • Can BP Sustain its 93% Payout Ratio?
    Motley Fool

    Can BP Sustain its 93% Payout Ratio?

    Why BP’s near-7% dividend could be a value trap.

  • Oilprice.com

    Can This Multi-Billionaire Revive Alaska’s Oil Industry?

    As Alaska’s North Slope oil production continues to slide, oil supermajor BP is ditching its assets in the region, with Hilcorp Energy Corp snagging them up in a multi-billion dollar deal

  • BP Exits Alaska To Double Down On Shale
    Oilprice.com

    BP Exits Alaska To Double Down On Shale

    BP announced the sale of its Alaska operations to Hilcorp Energy Co. for $5.6 billion, marking the end of its six-decade presence in this state