
(ShareCast News) - Despite BP shares plummeting after its worst results is over 20 years, The Telegraph's Questor didn't think it was a buying opportunity. The oil company held its quarterly dividend at 10 cents a share as $2.6bn of write-downs and restructuring charges sent it crashing into losses
BRUSSELS, Feb 2 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- BP is reorganising its Ruhr Oel refining joint venture in Germany, under which it will get 100 percent of the Gelsenki
(Adds quote from conference call, asset purchases, graphic link) By Anna Driver Feb 2 (Reuters) - Exxon Mobil Corp on Tuesday reported its smallest quarterly profit in more than a decade and said it will cut 2016 spending by one-quarter and suspend share repurchases as it copes with a
By Will Caiger-Smith NEW YORK, Feb 2 (IFR) - US high-grade corporates stood on the sidelines on Tuesday as volatility intensified in broader markets on the back of more worries about earnings and global growth. With the Dow Jones industrial average opening 190 points lower, 10-year Tr
(Corrects year for capex cut) By Anna Driver Feb 2 (Reuters) - Exxon Mobil Corp on Tuesday reported its smallest quarterly profit in more than a decade and said it will cut 2016 spending by one-quarter and suspend share repurchases as it copes with a prolonged downturn in crude prices
(Adds analyst comment, share price) By Anna Driver Feb 2 (Reuters) - Exxon Mobil Corp on Tuesday reported its smallest quarterly profit in more than a decade and said it will cut 2015 spending by one-quarter and suspend share repurchases as it copes with a prolonged downturn in crude
(ShareCast News) - The FTSE 100 was back below 6,000 on Tuesday, dropping 151.22 points (2.5%) to 5,908.88 by mid-afternoon. BP took the biggest hit after $2.6bn of write-downs and restructuring charges sent it crashing into losses for the fourth quarter and full year. A $3.31bn loss was reported f
(ShareCast News) - Analysts at Liberum cut their share price targets for a wide swathe of the London-listed oil sector after taking into account the sharp shift lower in futures prices over the last four months. Worries about demand conditions in China and Europe, together with the threat of growing