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Share Price Information for BP (BP.)

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Share Price: 503.70
Bid: 483.00
Ask: 510.00
Change: 0.00 (0.00%)
Spread: 27.00 (5.59%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 503.70
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MARKET TALK: BP CDS Tighter After Latest Downgrade

Fri, 18th Jun 2010 14:00

1252 GMT [Dow Jones] BP's CDS level remain tighter than Thursday's close after Moody's downgraded BP's credit rating. BP's CDS level sat at 458 BP, according to Markit after closing at 470 BP Thursday. BP's CDS levels have moved erratically in recent days, narrowing 144BP yesterday after closing Wednesday at 614BP. Moody's lowered its rating on BP this morning by three notches, to A2 from Aa2, the third ratings cut of the week for the oil giant. Moody's said mounting cost pressures and exposure to litigation stemming from the oil spill in the Gulf of Mexico led to the downgrade. S&P lowered its rating of BP by two notches Thursday, its second downgrade this month. Fitch downgraded BP's credit six notches Tuesday, leaving its rating precariously close to junk status. (christopher.dieterich@dowjones.com) Contact us in New York. Darlene Ross, 212 416-2166; darlene.ross@dowjones.com (END) Dow Jones Newswires June 18, 2010 09:00 ET (13:00 GMT)
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FTSE 100 sets near record close as commodity stocks shine

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12 Apr 2024 11:47

Europe's main energy stocks index hits highest since 2008

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TOP NEWS: BP shares rise after reports Adnoc had pondered takeover

(Alliance News) - Shares in BP jumped on Friday after reports that the state-owned, United Arab Emirates oil company was considering, but had ruled out, a bid for the London-based oil major.

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UAE's ADNOC said to have recently considered BP takeover

(Sharecast News) - The United Arab Emirates' state-owned oil company recently considered buying BP but the deliberations did not progress beyond preliminary discussions, according to a report.

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Senegal says oil, gas and mine contracts will be reworked if needed

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Slide in defence stocks knocks down Europe's STOXX 600

BP gains on higher quarterly upstream energy output forecast

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