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Share Price Information for BP (BP.)

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Share Price: 528.80
Bid: 528.80
Ask: 528.90
Change: 5.50 (1.05%)
Spread: 0.10 (0.019%)
Open: 526.00
High: 529.20
Low: 524.70
Prev. Close: 523.30
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Sector movers: Oil and gas stocks fall after delays at BG Group

Mon, 09th Sep 2013 18:15

Oil and gas stocks were firmly in the red on Monday as project delays from natural gas giant BG Group and falling crude prices dampened sentiment across the sector.BG, the 13th largest listed company in the UK by market capitalisation, slumped today after scaling back its production guidance for next year by 30,000 barrels of oil equivalents per day (boed) due to delays on the back of the ongoing political and social instability in Egypt and slow progress at its Knarr project in Norway.Meanwhile, it said it would operate fewer rigs in the US due to low natural gas prices, leading to a further 17,000boed negative impact on 2014 volumes.Analysts at Investec said they expected to cut their forecasts for the company by 3-4% on the back of today's update. They said: "Despite strong earnings and cash flow growth, on our current forecasts BG is still trading on a 25% price-to-earnings premium versus the European sector in 2017E."Shares were down 5.62% at 1,210p before the close, its lowest level in two weeks.Oil majors Royal Dutch Shell and BP were also trading in the red this afternoon, along with smaller peers Tullow Oil and Afren.Also weighing on stocks today was a fall in crude with West Texas Intermediate prices pulling back from hitting a two-year high on Friday as the prospect of a potential US military strike on Syria remains up in the air.Furthermore, some reports were citing Lybian officials as having said that oil production from the country had recovered to 600,000 barrels of oil a day.West Texas crude futures for October delivery were down 0.62% at $109.84 a barrel by 16:30 in London, while Brent futures were down 1.12% at $114.82 a barrel.Top performing sectors so far todayTechnology Hardware & Equipment 1,090.48 +2.26%Personal Goods 26,214.22 +1.80%Industrial Metals & Mining 1,563.41 +1.31%Life Insurance 6,155.95 +1.30%Construction & Materials 4,050.09 +0.93%Bottom performing sectors so far todayOil & Gas Producers 7,764.82 -1.44%Food Producers & Processors 6,741.75 -1.15%Industrial Transportation 3,169.97 -0.59%Beverages 14,412.29 -0.53%Electronic & Electrical Equipment 4,177.99 -0.51%BC
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24 Apr 2024 09:58

Aker BP Q1 beats forecast as costs fall, Tyrving to start sooner

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24 Apr 2024 05:38

Aker BP Q1 beats forecast on record output, lower cost

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted a higher-than-expected net profit for the first quarter as production hit a record while costs fell.

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18 Apr 2024 14:45

BP's gas and renewables boss steps down, as CEO shrinks leadership

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18 Apr 2024 14:12

UK shareholder meetings calendar - next 7 days

Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

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18 Apr 2024 09:04

IN BRIEF: BP trims executive team in operational restructuring

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BP cuts size of executive team, shakes up structure

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Shell urges investors to reject shareholder group's climate demands

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Shell urges investors to reject shareholder group's climate demands

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Carbon Done Right advances Sierra Leone rewilding project

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LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

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