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Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 487.95
Bid: 488.15
Ask: 488.20
Change: -9.00 (-1.81%)
Spread: 0.05 (0.01%)
Open: 491.70
High: 492.10
Low: 485.85
Prev. Close: 496.95
BP. Live PriceLast checked at -

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BP posts decline in second-quarter earnings

Tue, 30th Jul 2013 14:48

BP's shares plunged after the oil giant posted a fall in second-quarter earnings that fell short of analysts' expectations. Underlying profit came to $2.7bn in the quarter, down 25% from a year earlier. Analysts predicted a profit of $3.4bn.The FTSE 100 group blamed lower oil prices, an unusually high tax rate of 45% compared to 35% last year and lower post-tax from Russia due to a lagging of oil export duty.The firm also increased its provision for the settlement it agreed last year with private sector plaintiffs over the 2010 Deepwater Horizon explosion. BP lifted provisions by $1.4bn to $9.6bn compared to BP's initial $7.8bn for the settlement.In early July BP failed in its effort to freeze compensation payments made under the settlement as it awaited an investigation into accusations of misconduct at the office of Patrick Juneau, the claims administrator. The company claims Juneau's interpretation of the settlement led to "absurd" payments to people not affected by the spill.BP warned on Tuesday the total cost of the settlement would be "significantly higher" than the current $9.6bn even if they are successful. During the period, BP's production excluding Russia dropped 1.5% to 2.24m barrels of oil equivalent a day, as divestments offset rising output from major projects in Angola and Norway.Shares were down 3.31% to 451.95 at 15:03 on Tuesday.RD
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18 Apr 2024 08:11

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17 Apr 2024 18:58

Shell urges investors to reject shareholder group's climate demands

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Shell urges investors to reject shareholder group's climate demands

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Carbon Done Right advances Sierra Leone rewilding project

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LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

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15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

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15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

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15 Apr 2024 08:59

LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes

(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.

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13 Apr 2024 16:52

Sector movers: Investors seek out safe havens across all asset classes

(Sharecast News) - Commodity plays were again sought out at the end of the week after The Wall Street Journal said that an Iranian attack against Israel was thought to be imminent.

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12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

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12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

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12 Apr 2024 15:45

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

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London close: Stocks mixed as data shows UK GDP growth

(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.

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LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

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