BP to Acquire Full Control of Biofuels Joint Venture for $1.4B [Yahoo! Finance]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
Check Earnings Report
US:NYSE Investor Relations:
bp.com/en/global/corporate/investors.html
Company Research
Source: Yahoo! Finance
This strategic acquisition, valued at approximately $1.4 billion, marks a pivotal step in BP's efforts to expand and optimize its bioenergy portfolio. Strengthening Biofuels Operations The acquisition will allow BP to fully integrate BP Bunge Bioenergia into its operations, leveraging its trading and technology capabilities to maximize value. The deal is expected to lead to the consolidation of 100% of the JV's financial results, including debt of around $0.5 billion and lease obligations of approximately $0.7 billion. Once the transaction is completed, BP will have the capacity to produce around 50,000 barrels of ethanol equivalent per day from sugarcane, utilizing BP Bunge Bioenergia's 11 agro-industrial units spread across five Brazilian states. This integrated business model spans the entire production chain, from cultivation to selling ethanol and sugar. Emma Delaney, BP's executive vice president for customers and products, conveyed her excitement about BP Bunge Bioenerg
Show less
Read more
Impact Snapshot
Event Time:
BP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BP alerts
High impacting BP p.l.c. news events
Weekly update
A roundup of the hottest topics
BP
News
- Citadel Buys Goldman Alum's Company to Trade Power in Japan [Yahoo! Finance]Yahoo! Finance
- Citadel Buys Goldman Alum's Company to Trade Power in Japan [BNN Bloomberg (Canada)]BNN Bloomberg
- Citadel Buys Goldman Alum's Company to Trade Power in Japan [Financial Post (Toronto, Ontario, Canada)]Financial Post
- BP ponders shifting focus away from renewables, say sources [Yahoo! Finance]Yahoo! Finance
- BP, ExxonMobil Provide A Contrast In Energy Transition Strategies [Forbes]Forbes
BP
Earnings
- 5/8/24 - Miss
BP
Sec Filings
- 6/24/24 - Form 11-K
- 6/20/24 - Form 6-K
- 6/20/24 - Form SD
- BP's page on the SEC website