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Share Price Information for BP (BP.)

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Share Price: 489.30
Bid: 489.05
Ask: 489.10
Change: -7.65 (-1.54%)
Spread: 0.05 (0.01%)
Open: 491.70
High: 492.90
Low: 485.55
Prev. Close: 496.95
BP. Live PriceLast checked at -

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Obama To Host UK PM On First White House Visit

Mon, 19th Jul 2010 02:47

LONDON (AFP)--U.K. Prime Minister David Cameron meets U.S. President Barack Obama at the White House Tuesday for the first time since taking power, with stricken oil giant BP PLC (BP) and Afghanistan set to top the agenda. Cameron and Obama have already built a close rapport--they swapped bottles of beer at last month's Group of 20 summit in Toronto after a World Cup football bet, weeks after Cameron took office as head of a coalition government in May. But the "special relationship" could be tested over BP's role in the Gulf of Mexico oil spill, plus a linked controversy over the release from a Scottish jail of a Libyan who killed 270 mainly U.S. citizens in a 1988 plane bombing. In an interview ahead of the two-day trip, Cameron said he and Obama would talk about U.K.-based BP, which has been sharply criticized in the U.S. for its handling of the country's worst-ever environmental disaster. "President Obama and I have a very good relationship, we get on well," Cameron told Time magazine. "Of course we will discuss BP. It is an important company not just for Britain, it's an important company for America as well. It employs tens of thousands of people in the U.S., as it does in the U.K." Cameron has warned against the "destruction" of BP, saying it should "remain a strong and stable company" for the sake of employees and people with pension funds invested in the company in both countries. BP faced fresh pressure last week when the U.S. Senate's Foreign Relations Committee said it would hold a hearing into the release of Abdelbaset Ali Mohmet al-Megrahi, who was convicted in 2001 of blowing up a Pan Am flight over the Scottish town of Lockerbie. They have also charged that BP might have pressed authorities in the U.K. to free Megrahi--given three months to live due to prostate cancer at the time of his release on compassionate grounds--to protect a lucrative oil deal with Libya. Megrahi is now living in Libya and a doctor who examined him was recently quoted as saying he could live for another 10 years. U.K. Foreign Secretary William Hague told U.S. Secretary of State Hillary Clinton on Saturday that there was no evidence linking BP to the Scottish government's decision to free Megrahi. Hague also stressed that Cameron's government believes Megrahi's release was a "mistake." The State Department last week described the move as an "affront." The meeting between Cameron and Obama comes following the deadliest-yet month for North Atlantic Treaty Organization-led international forces in Afghanistan, to which the U.S. and U.K. are the two largest contributors, in June. Their talks will come as a major international conference takes place in Kabul on the development strategy for rebuilding Afghanistan, attended by figures including Clinton. Both leaders inherited the Afghan war from predecessors and are eyeing troop withdrawals through a strategy of securing key towns and cities while training up local security services. Obama wants to start pulling U.S. personnel out from July next year, while Cameron says U.K. combat forces should be coming home within five years. Despite close ties, particularly over the war, experts have warned that talk of a "special relationship" between the U.S. and U.K. is becoming outdated as the U.S. focuses on higher strategic priorities, particularly in Asia. This didn't stop the two leaders speaking warmly of ties between their two countries in Toronto, which they said they hoped would get stronger in years ahead. Cameron will be hoping for a warmer reception from Obama at the White House than his predecessor Gordon Brown got when they first met there last year. Obama was accused of snubbing Brown by presenting him with a set of DVDs that wouldn't even work in a U.K. player. (END) Dow Jones Newswires July 18, 2010 21:47 ET (01:47 GMT)
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18 Dec 2023 11:50

BP becomes latest to pause Red Sea shipments as attacks continue

(Sharecast News) - BP has announced that it is halting all oil shipments through the Red Sea, becoming the latest company to pause regional routes after a series of targeted attacks by Yemen's Houthi rebels.

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14 Dec 2023 07:43

LONDON BRIEFING: Eyes on BoE and ECB; US Fed signals 2024 rate cuts

(Alliance News) - Stocks are called to open higher on Thursday, after the US Federal Reserve chose not to surprise markets with its latest interest rate decision.

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13 Dec 2023 23:16

Newcomer Elysian, Petrobras notch big wins in Brazil oil auction

RIO DE JANEIRO, Dec 13 (Reuters) - Oil companies including Elysian along with veterans Petrobras and Chevron snapped up the most blocks up for grabs in Brazil's latest offshore oil auction marked by climate protests, as the South American nation looks to replenish reserves with new discoveries.

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13 Dec 2023 19:00

BP Energy wins oil auction for Brazil's Tupinamba block

RIO DE JANEIRO, Dec 13 (Reuters) - BP Energy on Wednesday won the auction for oil and gas production rights of the offshore block of Tupinamba in Brazil's Santos Basin.

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13 Dec 2023 17:04

TOP NEWS: Ex-BP boss Looney to forfeit GBP32 million after misconduct

(Alliance News) - BP PLC on Wednesday said former Chief Executive Bernard Looney has been dismissed without notice after concluding he had "knowingly misled the board".

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13 Dec 2023 11:00

EV charger station firms battle for prime locations in Europe, US

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13 Dec 2023 09:15

LONDON BROKER RATINGS: Exane BNP cuts Shell; JPMorgan cuts WPP

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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13 Dec 2023 08:56

LONDON MARKET OPEN: Stocks in green as all eyes on US Fed

(Alliance News) - Stock prices in London opened higher on Wednesday, despite some disappointing data about the UK economy, as well as pre-central bank decision nerves.

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EV charger station firms battle for prime locations in Europe, US

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12 Dec 2023 22:37

Shell to boost production at Perdido's oil project in US Gulf of Mexico

Dec 12 (Reuters) - Shell PLC on Tuesday said it has made a final investment decision (FID) to boost production at the Perdido oil project in the U.S. Gulf of Mexico, starting in April 2025.

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12 Dec 2023 16:55

LONDON MARKET CLOSE: Europe rally loses steam as focus turns to Fed

(Alliance News) - London's FTSE 100 spent most of the day solidly in the green, and the CAC 40 in Paris spiked to a record high, though Tuesday's rally waned and signs of caution emerged again ahead of a trio of central bank decisions.

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12 Dec 2023 15:50

UK dividends calendar - next 7 days

Wednesday 13 December 
no events scheduled 
Thursday 14 December 
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Halfords Group PLCex-dividend payment date
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JPMorgan Global Emerging Markets Income Trust PLCex-dividend payment date
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Hargreaves Lansdown PLCdividend payment date
Henderson Opportunities Trust PLCdividend payment date
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James Halstead PLCdividend payment date
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BP PLCdividend payment date
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12 Dec 2023 02:00

UK companies pause China investment decisions as economy slows, survey shows

BEIJING, Dec 12 (Reuters) - A slowdown in both the Chinese and global economies is the biggest issue affecting British firms in the world's second-largest economy, beating geopolitical concerns and market access barriers, according to the British Chamber of Commerce in China.

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11 Dec 2023 09:41

Gunvor to acquire BP's 75% stake in Spanish gas power plant

BRUSSELS, Dec 11 (Reuters) - Energy trader Gunvor has agreed to acquire a 75% stake in 785 megawatt (MW) power plant in Bilbao, Spain, from BP gas marketing, a joint statement said on Monday.

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11 Dec 2023 09:13

Energy trader Gunvor to acquire 75% stake in Spanish power plant

BRUSSELS, Dec 11 (Reuters) - Energy trader Gunvor has agreed to acquire a 75% stake in 785 megawatt (MW) power plant in Bilbao, Spain, from BP gas marketing, Gunvor said on Monday.

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