bp

BP Works to Resume Oil Exploration in Libya

BP Works to Resume Oil Exploration in Libya

Yesterday, BP plc (NYSE: BP) Chief Executive, Bob Dudley, Chairman Eng. Mustafa of the National Oil Corporation (NOC) of Libya and, CEO of Eni (NYSE: E), Claudio Descalzi, signed a letter of intent involving the exploration and production sharing ag..

Energy Stock Bounce Back

Energy Stock Bounce Back

Energy stocks are experiencing a rebound as oil prices continue to rise. Brent Crude prices which have seen a dramatic fall from the record highs of 2014 are now nearing USD 70 per barrel.  Brent Crude went through a massive downturn betwe..

BP to acquire BHP's US shale assets for $10.5 bln

BP to acquire BHP's US shale assets for $10.5 bln

BP p.l.c. (NYSE:BP) announced Friday it would buy several US oil and shale assets from mining firm BHP Billiton Ltd. (NYSE:BBL) for USD 10.5 billion.The deal is the largest by BP in two decades and its first significant investment in the United Stat..

BP Invests $20 Million for 5-minute Fast Charging Batteries for Electric Cars

BP Invests $20 Million for 5-minute Fast Charging Batteries for Electric Cars

British Petroleum Company (NYSE: BP) has invested $20 million in an Israeli start-up company by the name of StoreDot that claims its batteries can charge electric cars in just five minutes.Additionally said on Tuesday, BP suggested its venture capit..

BP reported strong Q1 earnings but higher debt

BP reported strong Q1 earnings but higher debt

BP p.l.c. (NYSE: BP) reported strong first-quarter 2018 earnings, mainly driven by the recovering oil prices from nearly four years back. Record oil and gas production along with increased refinery throughput also boosted earnings.Another European e..

New York City Files Lawsuit Against Exxon, BP, Chevron

New York City Files Lawsuit Against Exxon, BP, Chevron

The City of New York said on Wednesday that it will be suing BP plc (NYSE: BP), Chevron Corporation (NYSE: CVX), Exxon Mobil Corporation (NYSE: XOM), and Royal Dutch Shell plc (NYSE: RDS.A) in an attempt to hold oil and gas producers responsible for..

BP to take $750 million hit after backing out from Angola

BP to take $750 million hit after backing out from Angola

According to Reuters, BP P.L.C. (NYSE: BP), a British multinational oil and gas company headquartered in London, England, and one of the seven major one of the world's seven oil and gas "supermajors will take on a $750 million charge for un..