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Share Price Information for BP (BP.)

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Share Price: 470.20
Bid: 470.05
Ask: 470.15
Change: -0.30 (-0.06%)
Spread: 0.10 (0.021%)
Open: 468.40
High: 472.45
Low: 468.15
Prev. Close: 470.50
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BP Invests In Maker Of Electric Car Battery That Charges In 5 Minutes

Wed, 23rd May 2018 06:43

LONDON (Alliance News) - BP PLC on Tuesday announced it has invested USD20 million in Israel's StoreDot, a "ultra-fast charging battery developer".

According to the UK oil major, StoreDot's innovative battery technology can charge electric vehicles in five minutes. StoreDot aims to commercialize its flash battery for mobile communication devices as early as 2019.

"Ultra-fast charging is at the heart of BP's electrification strategy. StoreDot's technology shows real potential for car batteries that can charge in the same time it takes to fill a gas tank. With our growing portfolio of charging infrastructure and technologies, we're excited by our opportunities to develop truly innovative EV customer offers. We are committed to be the fuel provider of choice - no matter what car our customers drive," said Tufan Erginbilgic, chief executive for Downstream at BP.

BP said it believes that ultra-fast charging will be key in accelerating the adoption of EVs worldwide.

Doron Myerdorf, co-founder & chief executive officer of StoreDot, said: "Working closely together with a global energy leader is a significant milestone in StoreDot's direction of strengthening the EV ultra-fast charging eco-system. The combination of BP's impressive presence and StoreDot's eco-system of EV partnerships enables faster implementation of ultra-fast charging stations and could allow a better charging experience for drivers."

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20 Jun 2024 21:19

BP to buyout Bunge's stake in Brazilian JV in USD1.4 billion deal

(Alliance News) - BP PLC on Thursday said it has agreed to buy Bunge's 50% stake in the BP Bioenergia SA joint venture for USD1.4 billion.

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20 Jun 2024 17:38

BP to buy out Bunge's stake in Brazilian biofuels JV in $1.4 bln deal

LONDON, June 20 (Reuters) - BP has agreed to buy grain trader Bunge's 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for $1.4 billion in a bet on growing demand for low-carbon biofuels.

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20 Jun 2024 16:48

Carlyle creates new Med oil and gas company with $945 mln Energean deal

LONDON, June 20 (Reuters) - Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million, the companies said on Thursday.

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15 Jun 2024 00:04

Crew evacuated from Greek-owned vessel hit by Houthis

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13 Jun 2024 16:22

Ukraine agrees on first LNG supply deal with US company Venture Global

June 13 (Reuters) - Ukraine signed on Thursday its first liquefied natural gas (LNG) deal with a U.S. company to help to avert an energy supply crunch amid a war with its bigger neighbour Russia.

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11 Jun 2024 16:00

Woodside's Sangomar project produces first oil in Senegal

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11 Jun 2024 13:31

OPEC keeps global oil demand forecasts unchanged

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10 Jun 2024 23:46

Sector movers: Oil majors catch a bid after nearly a month of share price declines

(Sharecast News) - Oil & Gas shares caught a bid on Monday, tracking a rebound in oil prices after about two month's of losses, despite strength in the Greenback.

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10 Jun 2024 22:44

California seeks company profits in Big Oil climate lawsuit

June 10 (Reuters) - California's attorney general on Monday sought to force the world's biggest oil companies to give up profits the state alleges they made while deceiving consumers about their role in contributing to climate change.

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10 Jun 2024 21:48

California seeks company profits in Big Oil climate lawsuit

June 10 (Reuters) - California's attorney general on Monday sought to force the world's biggest oil companies to give up profits the state alleges they made while deceiving consumers about their role in contributing to climate change.

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10 Jun 2024 15:37

Supreme Court seeks US government views on Honolulu climate suit against oil companies

WASHINGTON, June 10 (Reuters) - The U.S. Supreme Court on Monday asked President Joe Biden's administration to offer its views on a bid by Sunoco and other oil companies to scuttle a lawsuit by Honolulu accusing them of deceiving the public about climate change.

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4 Jun 2024 17:16

European shares snap three-day winning streak on commodities' drag

Energy shares hit over two-month lows, biggest drag

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4 Jun 2024 17:03

Sector movers: Miners, Big Oil weigh on FTSE 350

(Sharecast News) - Commodity related stocks were the chief drag on the FTSE 350 amid a combination of growth concerns and risk aversion.

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London stocks log declines as losses in miners weigh

FTSE 100 down 0.4%, FTSE 250 falls 0.9%

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4 Jun 2024 16:53

LONDON MARKET CLOSE: Cooling US job market boosts rate cut hopes

(Alliance News) - Stock prices in London closed lower on Tuesday, with New York tracking down, amid some disappointing economic data from the US.

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