BP Share News (BP.)

UPDATE 1-BP promotes veteran upstream boss as No.2 to CEO Dudley

* Lamar McKay, 57, has worked alongside Dudley since Amoco * BP source says move is not about succession * BP says McKay to help run company amid oil price storm (Adds details, background) By Ron Bousso and Dmitry Zhdannikov LONDON, Feb 1 (Reuters) - BP has promoted Lama

Exane BNP cuts targets on BG Group, BP and Royal Dutch

(ShareCast News) - Deflation in the oil sector as a result of the decline in the price of crude oil means that operating costs for the European oil majors will be 30% less over the next two years than previously expected by analysts at Exane BNP Paribas. Hence, the companies in the sector would be a

BP's upstream chief exec McKay promoted to deputy CEO role

(ShareCast News) - Oil major BP announced the appointment of Lamar McKay - currently chief executive of the company's upstream segment - to the new position of deputy group chief executive. In a statement ahead of its fourth quarter results on Tuesday, BP said McKay will be succeeded as upstream chi

BP names new deputy CEO in reshuffle

LONDON, Feb 1 (Reuters) - BP on Monday announced the appointment of Lamar McKay as the British oil and gas company's deputy chief executive in a reshuffle aimed at simplifying the company's top decision making. McKay, currently head of BP's oil and gas production, or upstream business, will

FTSE 100 movers: Another Prudential management change leads market down

(ShareCast News) - The FTSE 100 has started the month on a sour note, with the blue-chip market down 66.82 points (1.10%) to 6,016.97 by mid-afternoon on Monday. Prudential was one of the biggest fallers after the company announced another high-profile departure. Michael McLintock has decided to ret

Tuesday preview: Analysts point to weak fourth quarter at BP

(ShareCast News) - BP is expected to report a weak set of fourth quarter results on Tuesday amid lower oil prices. The oil giant is forecast to announce earnings in the final three months of 2015 fell to $730m (£514m) from $2.2bn a year earlier. For the full-year Deutsche Bank estimates the company

BROKER RATINGS SUMMARY: Citi Promotes Sky To European Focus List

BUZZ-BP: another day, another broker cut

** BP tops FTSE 100 fallers' list on Exane BNP Paribas and Deutsche Bank cuts ** In its 4Q15 results preview report, Deutsche Bank cuts price target to 445p from 450p, expects another dull quarter for oil cos due to weak crude prices ** Also cuts PT of BG to 1290p from 1355p; Shell t

Sunday newspaper round-up: Sainsbury-Home Retail, RBS, IHG, Ladbrokes

(ShareCast News) - As Tuesday's takeover deadline approaches, Sainsbury's has made a bid of 150p per share for Argos owner Home Retail Group, which is shy of the 170p apparently being demanded. The Sunday Telegraph cited sources that suggested a middle-ground 160p bid would be enough to announce the

Oil sector's lavish dividend policy in spotlight as hard times grow

* Oil majors' dividend yields soar as shares slide * Firms to borrow more to cover dividend, capex * Pressure grows as oil rout persists By Ron Bousso LONDON, Jan 29 (Reuters) - As Europe's top oil companies make deeper retrenchments due to slumping oil prices, their gener

LONDON MARKET OPEN: Oil Rally And BoJ Rate Cut Boost Shares

LONDON MARKET CLOSE: Possible Oil Production Cuts Shift Stocks

In U.S. oil capital Houston, no cheap fuel bonanza for airlines

By Jeffrey Dastin NEW YORK, Jan 28 (Reuters) - While airlines are in no rush to pass on fuel savings to passengers brought by the collapse in oil prices, the Houston travel market has left them little choice. Airlines serving the U.S. oil capital have resorted to steep discounts to lu

LONDON MARKET OPEN: Oil Stocks Shine As Brent Tops USD33 A Barrel

BROKER RATINGS SUMMARY: S&P Capital IQ And HSBC Upgrade easyJet