Last checked at 9 Apr 2024 07:24
BP sees higher Q1 upstream production
(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.
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Share Price Information for BP (BP.)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
510.40
Bid:
509.40
Ask:
509.50
Change:
-5.40 (-1.05%)
Spread:
0.10 (0.02%)
Open:
516.30
High:
516.60
Low:
506.10
Prev. Close:
515.80
Last checked at -
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Fri, 25th Jun 2010 08:56
London has shrugged off Dow Jones' triple-digit fall overnight and made decent headway this morning.Banks are higher after a jam-packed financial stability report from the Bank of England that covered everything from savings ratios to the threat of the eurozone. The market sems to have focused on the comment that any introduction of new capital and liquidity rules will be staggered, possibly over five years. Royal Bank of Scotland, Standard Chartered and HSBC are doing best this morning.BP has spent another $350,000 (£234,000) on the Gulf of Mexico oil disaster since Monday, taking the total cost to date up to $2.35bn (£1.57bn) and the number of people dealing with the response effort to some 37,000.Anglo-Swedish drugs group AstraZeneca said the US Food and Drug Administration (FDA) has reset the decision date for its review of Astra's motavizumab drug to August 27. An FDA panel had raised concerns about the respiratory disease treatment in a statement released on 2 June. Housebuilder Berkeley reports the housing market in London and the South East has stabilised as it reported better than expected full-year figures. Pre-tax profit dropped 8.4% to £110.3m in the year ended 30 April, on sales of £615.3m compared with £702.2m last year. The market expected Berkeley to announce pre-tax profits in the region of £104.4m on sales of £587m.Ground preparation engineer Keller reports no pick-up in its struggling US business, but on a more optimistic note it hasn't seen any further deterioration either so the shares are higher this morning.It's a case of 'carry on as you were' at laundry and workwear group Davis Service which continues to trade in line with expectations. Revenues continue to show little change from last year's levels while margins continue to improve.Sausage skin maker Devro has made a stronger than expected finish to the first half of the year. The group told the market in May trading was ahead of expectations, but today reported continuing progress in sales, pricing, volume growth and manufacturing efficiency since then.
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London close: Stocks turn red on return from Easter break
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Read more2 Apr 2024 11:00
Biden administration approves eighth US offshore wind project
WASHINGTON, April 2 (Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.
Read more2 Apr 2024 09:09
LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine
(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.
Read more28 Mar 2024 10:00
How the oil industry is thriving despite Joe Biden's climate policies
GRAPHIC on Biden's oil boom: https://www.reuters.com/graphics/USA-BIDEN/OIL/lgpdngrgkpo/
By Nichola Groom, Jarrett RenshawRead more27 Mar 2024 20:59
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Ithaca Energy gets bid rights on Eni's UK assets, profit slips
March 27 (Reuters) - Ithaca Energy has been given a four-week exclusivity period by Italy's Eni, to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.
Read more27 Mar 2024 09:01
Big Oil's climate planning not good enough, investor group says
Climate Action 100+ assessed 10 top oil companies
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