Support An Oil And Gas Industry In Trouble By Believing In Competition [Forbes]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Forbes
Petroleum, petrodollar and crude oil concept : Pump jack and a black barrel on US USD dollar notes,... [+]depicts the money received or earned from sales after investment in the development of oil industry.GettyBy Mark FinleyBetween losing demand from COVID-19 and a price war between Saudi Arabia and Russia, oil prices have collapsed, down by roughly two-thirds since January. With much of the transport system shutting down, the loss of global demand has been unprecedented. Some analysts believe we could be looking at a short-term loss of 20 million barrels per day or more, a drop of 20% within a few short weeks.On the supply side, after failing to agree on new production cuts in early March, Saudi Arabia, Russia, and a few other members of the OPEC+ group are planning to raise output by about 3 million barrels per day. The result has been a massively oversupplied industry, with refineries starting to shut down due to lack of demand and storage tanks rapidly filling.American oil and
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BP
News
- High-impact oil and gas exploration could cut global scope 1 and 2 emissions by 6% in 2030 [Yahoo! Finance]Yahoo! Finance
- The big British book prize and the battle against righteous protest [Yahoo! Finance]Yahoo! Finance
- BP Wins Exploration Rights for Shallow Water Block Offshore Trinidad [Yahoo! Finance]Yahoo! Finance
- Equatic Announces New Leadership Appointments as it Advances Toward Gigaton-Scale Carbon Removal [Yahoo! Finance]Yahoo! Finance
- UK Blue Chip Laggards Among Top Bets for Fund Manager Invesco [Yahoo! Finance]Yahoo! Finance
BP
Earnings
- 10/30/24 - Beat
BP
Sec Filings
- 11/21/24 - Form FWP
- 11/18/24 - Form 6-K
- 11/14/24 - Form FWP
- BP's page on the SEC website