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Share Price Information for BP (BP.)

London Stock Exchange
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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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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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11 Feb 2024 09:27

PRESS: BP to book USD700 million windfall on UK tax changes - FT

(Alliance News) - BP PLC is set to book a USD700 million windfall due to UK tax changes aimed at boosting corporate pension fund investment in the economy, the Financial Times reported on Saturday.

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9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

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8 Feb 2024 16:06

UK dividends calendar - next 7 days

Friday 9 February 
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Monday 12 February 
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Tuesday 13 February 
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Thursday 15 February 
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BP Marsh & Partners PLCex-dividend payment date
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6 Feb 2024 17:39

London close: Stocks manage gains as oil prices rise

(Sharecast News) - London's financial markets finished with a positive performance on Tuesday, driven by encouraging data from the UK construction sector and BP's share buyback expansion.

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6 Feb 2024 17:04

LONDON MARKET CLOSE: BP and Prudential help snap FTSE losing streak

(Alliance News) - Stock prices in London pushed higher on Tuesday, with the FTSE 100 registering its first rise in four trading days, with oil major BP the star performer.

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6 Feb 2024 12:10

LONDON MARKET MIDDAY: BP tops FTSE 100 index on buyback promise

(Alliance News) - The FTSE 100 was higher at midday Tuesday, despite lingering unease in equity markets on US interest rate worries, while BP led the way among London's large-caps as it announced a buyback plan.

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6 Feb 2024 09:04

TOP NEWS: BP promises buybacks and hikes dividend despite profit fall

(Alliance News) - BP PLC on Tuesday reaffirmed it is sticking to its commitment to share buybacks despite reporting a profit decline amid a fall in oil prices.

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6 Feb 2024 08:53

LONDON MARKET OPEN: BP jumps after unveiling share buyback

(Alliance News) - The FTSE 100 in London opened higher on Tuesday, with oil major BP at the top of the index, thanks to its new share buyback programme.

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6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

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6 Feb 2024 07:02

BP unveils $1.75bn buyback as 2023 profits halve on weaker oil price

(Sharecast News) - Shares in BP surged on Tuesday as the energy giant announced a $1.75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.

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2 Feb 2024 17:12

LONDON MARKET CLOSE: Stocks mixed as US jobs data dashes rate cut hope

(Alliance News) - Stock prices in London closed mixed, after hotter-than-expected US jobs data hit already precarious investor sentiment and all but ensured the Federal Reserve will not be cutting interest rates next month.

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2 Feb 2024 13:14

BP appoints Kate Thomson as its permanent finance chief

(Sharecast News) - BP announced the appointment of Kate Thomson as its new, permanent chief financial officer on Friday, effective immediately.

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2 Feb 2024 12:27

TOP NEWS: BP promotes Kate Thomson as permanent finance chief

(Alliance News) - BP PLC on Friday named Kate Thomson as its permanent chief financial officer, after being in the interim role since September.

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2 Feb 2024 12:09

LONDON MARKET MIDDAY: Airlines up but oil falls on Middle East talks

(Alliance News) - Stock prices in London were higher at midday Friday, ahead of the afternoon's US jobs data, as earnings from tech behemoths overnight lifted investor morale.

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2 Feb 2024 08:54

LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

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