Oil giant BP could see a share price revival if it can make progress on US Macondo-related fines, according to Canaccord Genuity.
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BP is one of the world's largest oil and gas companies with operations in more than 100 countries across six continents. The company's main businesses are exploration and production of oil and gas; refining, manufacturing and marketing of oil products and petrochemicals; transportation and marketing of natural gas; and BP Alternative Energy, a growing business in renewable and low-carbon power and next generation energy technologies.
21/05/12
Transaction in Own Shares15/05/12
Scrip Dividend Reference Price11/05/12
Transaction in Own Shares10/05/12
Director/PDMR Shareholding09/05/12
Director Declaration08/05/12
Transaction in Own Shares04/05/12
Director Declaration01/05/12
1st Quarter Results01/05/12
BP First Quarter 2012 Results30/04/12
Total Voting Rights23/05/12
Oil giant BP could see a share price revival if it can make progress on US Macondo-related fines, according to Canaccord Genuity.
27/01/12
BP has failed to pass some of the compensation costs for the Gulf of Mexico disaster onto its drill rig contractor, Transocean.
29/11/11
After a legal seminar hosted by the global oil company yesterday, analysts expect legal proceedings to last longer than originally expected
27/07/11
BP has drawn the short straw this week in the draw for investors’ affections for oil and gas majors after it reported disappointing quarterly numbers despite rocketing oil prices. In sharp contrast BG posted forecast busting numbers, while stonking results from Shell are further expected to highlight the extent of BP's woes. Little wonder then that a break-up of BP is being talked of in the City.
20/05/11
Investec analyst Stuart Joyner upgraded the ‘cheap’ stock from hold to buy this morning, but he reckons the oil giant’s business model is irredeemably broken. He claims that in its current form the stock has underperformed and it needs to split three-ways to plug the gap between its market price and its asset value.
30/06/10
JPMorgan Cazenove said earlier this week that BP is still ‘asset-rich’, and may now be vulnerable to a takeover bid
15/05/10
It is difficult to accurately estimate the final costs to BP, but analysts are forecasting a final bill of around $5 to $7 billion, which is well below its reduction in market value.
01/10/09
The announcement of BP’s giant oil discovery at its Tiber Prospect has sent shockwaves through the oil industry.
06/03/09
04/11/08
BP has recently posted record results again, and is poised for a sustained period of record earnings.
25/05/12
BP on the road to recovery, says Credit Suisse01/05/12
BP profit slips as production slows05/03/12
BP shares rise after Gulf of Mexico settlement27/02/12
BP: Oil spill trial put back a week for continued discussions07/02/12
BP ups dividend after profitable 201127/01/12
BP told contractors not liable for compensation over Gulf disaster03/01/12
BP wants contractor Halliburton to pick up entire Deepwater Horizon bill - reports01/12/11
BP's refining business could become spin off candidate, says Investec25/10/11
BP rallies as Q3 profits top forecasts; ups divestment programme to $45bn17/10/11
BP reaches US$4 billion Gulf of Mexico spill settlement deal with Anadarko