Crude awakening as BP slashes renewables investment, doubling down on oil and gas [Fortune]
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: Fortune
The equally-owned joint venture, Jera Nex BP, is set to advance the companies' existing wind projects and create one of the world's largest global offshore wind businesses. Related Video However, the standalone business will “significantly reduce BP's anticipated investment into renewables through the rest of this decade”, the British group said in a statement. Together the companies will invest up to $5.8 billion by 2030, with BP contributing $3.25 billion. It marks a sharp drop from previous suggestions that BP would invest around $10 billion in offshore wind between 2023 and 2030. BP chief executive Murray Auchincloss has scaled back on the group's key climate targets, putting more emphasis on oil and gas to boost profits, since taking the helm in January. The new venture “will be a very strong vehicle to grow into an electrifying world, while maintaining a capital light model for our shareholders”, said Auchincloss. The move follows an announcement by rival Shell th
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
- BP, Iraq Advance Redevelopment of Kirkuk Oil Fields [Yahoo! Finance]Yahoo! Finance
- BP p.l.c. (NYSE: BP) had its price target lowered by analysts at Piper Sandler from $36.00 to $32.00. They now have a "neutral" rating on the stock.MarketBeat
- BP (BP) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Sir Jim Ratcliffe's Ineos says U.K. is too ‘negative' as chemicals group opts to pump $3 billion into Trump's U.S. instead [Fortune]Fortune
- BP: A Cannibal Stock In The Making? [Seeking Alpha]Seeking Alpha
BP
Earnings
- 10/30/24 - Beat
BP
Sec Filings
- 12/19/24 - Form 6-K
- 12/10/24 - Form 6-K
- 12/5/24 - Form 6-K
- BP's page on the SEC website