BP Share News (BP.)

LONDON MARKET OPEN: BP Leads Shares Lower After Earnings Miss

UPDATE: BP Shares Lower As It Posts USD5 Billion Loss For 2015

BUZZ-BP: Reports worst annual loss in at least 20 yrs

** BP's shares down 6 pct, bottom of the FTSE 100 ** FY loss $6.5 bln; Q4 underlying replacement cost profit of $196 mln vs analysts' expectations of $730 mln ** Co also says it will cut 3,000 jobs in its downstream sector ** Shares seeing worst day since Aug. 24; set to still o

London pre-open: Stocks seen lower as attention turns to construction data

(ShareCast News) - London stocks are expected to open weaker on Tuesday, as investors look to the release of UK construction data. The FTSE 100 is seen starting 36 points lower than Monday's close at 6,024. "The latest manufacturing PMI numbers out of the UK showed a modest pickup in economic activ

BP 2015 Earnings More Than Halve As 4th Quarter Misses Expectations

BP reports worst annual loss in at least 20 years

LONDON, Feb 2 (Reuters) - BP on Tuesday reported an annual loss of $6.5 billion in 2015, its worst in at least 20 years as the British oil and gas company struggled with a sharp downturn in the oil market. Underlying replacement cost profit, BP's definition of net income, for the fourth qua

BP plunges into losses but maintains fourth quarter dividend

(ShareCast News) - BP held its quarterly dividend at 10 cents a share as $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 for the fourth quarter, with underlying profits crashing 91% to $196m, well shy of f

S&P downgrades Shell to A+/A-1; keeps door open to further downgrade

Feb 1 (Reuters) - Credit ratings agency Standard and Poors on Monday downgraded oil major Royal Dutch Shell Plc to A+/A-1 from AA-/A-1+ and put its long-term credit rating on creditwatch negative citing sliding oil prices. S&P said Shell's one-notch downgrade, driven by weaker forecasts for

BP Promotes Upstream Chief Lamar McKay To Deputy Group Chief Executive

CORRECT: LONDON MARKET CLOSE: BT Shines While Sterling Rises After Weak US Data

LONDON MARKET CLOSE: BT Shines While Sterling Rises After Weak US Data

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