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Share Price Information for BP (BP.)

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Share Price: 502.30
Bid: 492.50
Ask: 512.00
Change: 0.00 (0.00%)
Spread: 19.50 (3.959%)
Open: 0.00
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Low: 0.00
Prev. Close: 502.30
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Sector movers: Non-OPEC oil deal boosts producers

Mon, 12th Dec 2016 14:30

(ShareCast News) - Evraz led its sector to the top of the leaderboard with its stock hitting a new 52-week high as steel rebar prices notched up fresh gains. Overnight, Chinese steel rebar futures rose from $500.1 a tonne to $524.5 even as Chinese securities traded mostly lower on news that the state insurance regulator had banned Evergrande Life, a subsidiary of the nation's second biggest developer, from investing in the country´s stocks.The Shanghai Stock Exchange´s Composite Index lost 2.47% to 3,152.97, alongside a retreat in the yuan and in Chinese government bonds.Right behind on the leaderboard were oil stocks after eleven non-OPEC countries agreed on Saturday to cut their combined output by 558,000 barrels a day on top of the cuts the oil cartel had already announced on 30 November.Furthermore, Saudi eliminated a previous 'red line' saying it could lower its own output below the 10.0m b/d mark, analysts at Morgan Stanley pointed out.Saudi oil minister Khalid al-Falih said: "I can tell you with absolute certainty that effective Jan. 1 we're going to cut and cut substantially to be below the level that we have committed to on 30 November."At the cartel´s last meeting, Saudi had pledged to reduce production from 10.7m b/d to 10.06m b/d."In case of full compliance, market could be balanced asearlyas 1Q17, with stocks drawing thereafter," Morgan Stanley said.The broker reiterated its 'overweight' stance on shares of: Shell, BP, Tullow, Technip, Vallourec, Subsea 7.Heading the other way were Banks and Life insurers, on profit-taking.Fixed line telecoms were another weak spot in the market, with UBS slashing its target price on Talk Talk from 215p to 160p. Its analysts highlighted how the company had dropped guidance for revenue growth in fiscal year 2017, "following the initial impacts of price plans launched in October 2016".TalkTalk was also facing greater competition from the likes of Sky, which was pushing into the value end of the UK broadband market, the same broker added.."This may put pressure on TalkTalk's pricing and/or ability to retain subscribers," UBS said.Top performing sectors so far todayIndustrial Metals & Mining 2,702.49 +16.97%Oil Equipment, Services & Distribution 16,431.37 +2.85%Oil & Gas Producers 8,088.51 +2.15%Mining 15,516.72 +1.07%Technology Hardware & Equipment 1,031.41 +0.84%Bottom performing sectors so far todayForestry & Paper 16,889.49 -2.67%Banks 4,125.31 -2.13%Fixed Line Telecommunications 3,941.79 -1.77%Real Estate Investment Trusts 2,766.14 -1.77%Life Insurance 7,633.88 -1.70%
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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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16 Jan 2024 13:13

Shell in Nigeria

LONDON, Jan 16 (Reuters) - Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country even after exiting its onshore operations. But over the decades the British company has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fuelled violence.

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12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

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8 Jan 2024 19:48

Shell signs 20-year purchase deal with Canadian Ksi Lisims LNG project

Jan 8 (Reuters) - Global gas giant Shell has agreed to buy two million metric tons of liquefied natural gas (LNG) per year from Ksi Lisims LNG, partners in the proposed Canadian project said on Monday.

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