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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 488.45
Bid: 488.20
Ask: 488.35
Change: -2.80 (-0.57%)
Spread: 0.15 (0.031%)
Open: 488.80
High: 489.10
Low: 487.10
Prev. Close: 491.25
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Sector movers: Energy stocks tank as oil-price plunge intensifies

Wed, 10th Dec 2014 15:43

Stocks in the oil producing and oil services sectors were hit by renewed selling pressure on Wednesday as crude prices dropped to fresh five-year lows.A weaker demand forecast from OPEC and a surprise increase in US crude inventories were weighing heavily on oil prices in afternoon trade, with Brent crude dropping 3.6% to $64.47 a barrel in London and West Texas Crude tumbling 4% to $61.23 a barrel in New York.Brent, having traded at above $100 a barrel until September this year, hasn't fallen this low since mid-2009 as concerns about the supply-demand imbalance intensified.OPEC estimated that demand for its oil would total just 28.92m barrels per day next year, around 280,000 barrels less than its previous forecast and less than the 29.4m barrels a day in 2014.Meanwhile, data from the US Energy Information Administration revealed that US crude stockpiles actually increased by 1.45m barrels in the week to 5 December, compared with a 3.69m drop previously and expectations for a 2.70m fall.Oil major BP was trading 1.5% lower after warning of $1bn of restructuring charges over the next five quarters. Details of the charges will be given with each quarter's results, though the majority of the costs are expected to be related to job cuts.Sector peers Tullow Oil, Premier Oil, Afren, BG Group, Ophir Energy, Enquest and Faroe Petroleum were suffering steep losses.Shares in oil equipment, services and distribution were also falling sharply on the back of fears that producers and explorers will cut back or delay project spend until oil prices recover. Petrofac, Wood Group and Hunting all dropped sharply.BP had already told investors in October that capital expenditure (capex) would fall by $1bn-2bn in 2015 against earlier guidance of $24bn-26bn.The company said on Wednesday that it is still looking "pare or re-phase" capex as part of its 2015 plan, "recognising the current outlook for oil prices". Top performing sectors so far todayForestry & Paper 11,589.98 +2.77%Technology Hardware & Equipment 1,153.48 +1.43%General Industrials 3,876.84 +1.41%Insurance (non-life) 1,884.69 +0.84%Support Services 6,337.15 +0.81%Bottom performing sectors so far todayOil Equipment, Services & Distribution 16,145.66 -2.22%Oil & Gas Producers 6,858.63 -2.00%Mining 14,097.65 -1.36%Automobiles & Parts 7,883.96 -1.26%Software & Computer Services 1,208.15 -1.12%
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25 Jan 2024 11:00

Big turnout expected in New York offshore wind power auction

Jan 25 (Reuters) - Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.

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23 Jan 2024 17:25

BP sees Trinidad deepwater gas project getting greenlight as soon as 2025

PORT OF SPAIN, Jan 23 (Reuters) - BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

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23 Jan 2024 08:47

LONDON MARKET OPEN: Stocks see muted open; oil majors rise

(Alliance News) - Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.

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22 Jan 2024 19:33

Trinidad in talks with Europe to supply Venezuelan gas

PORT OF SPAIN, Jan 22 (Reuters) - Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.

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22 Jan 2024 10:44

SDI promotes Chief Operating Officer Stephen Brown to chief executive

(Alliance News) - SDI Group PLC on Monday said its chief executive officer has stepped down, naming its chief operating officer as successor.

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18 Jan 2024 21:47

Three New England states extend offshore wind solicitation due date

Jan 18 (Reuters) - Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27.

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18 Jan 2024 20:32

EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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17 Jan 2024 12:10

BP's Auchincloss named CEO, reaffirms energy transition plan

Auchincloss was interim CEO

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17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

(Alliance News) - Stock prices in London took a hit on Wednesday morning, after some hotter-than-expected UK inflation data added to interest rate worries.

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17 Jan 2024 08:33

TOP NEWS: BP buys Getec Energie; promotes Auchincloss to permanent CEO

(Alliance News) - BP PLC on Wednesday said that it will buy Getec Energie GmbH as it promoted Murray Auchincloss to the role of permanent chief executive officer.

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17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

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17 Jan 2024 07:11

BP names acting CEO Murray Auchincloss as permanent leader

(Sharecast News) - BP has named its former chief financial officer Murray Auchincloss as its permanent chief executive, after having served in an interim capacity for the past four months.

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16 Jan 2024 21:28

PRESS: BP close to naming acting CEO Auchincloss as permanent chief

(Alliance News) - Directors of BP PLC were meeting on Tuesday evening to finalise the appointment of Murray Auchincloss, the company's acting chief executive, as its permanent boss, according to a report.

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16 Jan 2024 16:38

Shell halts Red Sea shipments over attack fears from Yemeni rebels

(Alliance News) -London-based oil major Shell PLC has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday.

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