Page 125 - Bp News Today

BP shares fell 4% after the company posted a 60% drop in its third quarter profits, year-on-year

Princeton Global Asset Management LLC cut its stake in shares of BP p.l.c. (NYSE:BP – Free Report) by 71.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the oil and gas exploration company’s stock after selling 7,600 shares […]

Third quarter profit rebounded from prior period amid stronger performance in oil trading but failed to live up to expectations

BP reported lower-than-forecast earnings for the third quarter, with weak natural gas trading and a charge in offshore wind weighing on results.

The British company maintained its dividend at 7.27 cents per share and extended its $1.5 billion share buyback program over the next three months

BP does not need new oil and gas resources in the United States, CEO Murray Auchincloss told Reuters on Tuesday.

BP reported a significant drop in third-quarter profits due to falling gas prices, and its efforts to transition to greener energy sources have caused unease among investors, leading to a sluggish share performance.

ENERGY giant BP's profit missed expectations in the three months to the end of September and the company flagged a more than half-billion dollar charge it had taken on three wind farms off the coast of New York.

Energy giants BP and Equinor have reported significant impairments on their US offshore wind power portfolios, highlighting the challenges facing the

Investors prepare for events later in the week including the latest Federal Reserve interest rate decision and new monthly jobs numbers.