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Share Price Information for BP (BP.)

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Share Price: 510.80
Bid: 510.70
Ask: 510.90
Change: -5.00 (-0.97%)
Spread: 0.20 (0.039%)
Open: 516.30
High: 516.60
Low: 506.10
Prev. Close: 515.80
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UPDATE 1-Chevron readying IMO-compliant shipping fuel sales

Wed, 05th Jun 2019 13:24

By Victoria Klesty

OSLO, June 5 (Reuters) - Chevron plans to bring anIMO-compliant 0.5% sulphur shipping fuel blend to the market bythe end of the third quarter, a company representative said onWednesday.

Ships will be required to use fuels with a sulphur contentof no more than 0.5% from the start of 2020, down from 3.5%currently, under International Maritime Organization (IMO) rulesaimed at cutting air pollution.

"If the shipping company is willing to try it out now we canmake it available, but not for continuous purchase," ChevronFuels Technologist Monique Vermeire told Reuters at an industryconference.

"I think it will be available (for the market) by the end ofthe third quarter," she said.

Only ships fitted with sulphur-cleaning devices, known asscrubbers, will be allowed to continue burning high-sulphurfuel, under IMO regulations.

While major fuel bunkering ports such as Singapore, Fujairahin the United Arab Emirates and Rotterdam in the Netherlands areexpected to have compliant-fuel supplies, analysts and shippingfirms point to concerns over what happens at smaller ports.

Ship owners fear that mixing different batches of very lowsulphur fuels risks creating a level of sediment which coulddamage engines.

With less than seven months until the new rules apply, thereis still a lack of certainty about the change, includingregarding pricing.

"I would like to see global standard ISO certificated lowsulphur fuel oil," Ivar Myklebust, chief executive of Norwegianshipping firm Hoegh Autoliners, told a panel discussion during ashipping conference in Oslo.

"Yes, we understand we need to pay more, but what is thereference?" he said.

Without a standard certification, shipping counterparts havetrouble entering contracts and cannot lock in fuel costs on thefutures market.

Oil majors BP and Royal Dutch Shell havealso said they are developing very low sulphur fuels to meet the0.5% requirement.(Editing by Nerijus Adomaitis)

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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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1 Feb 2024 17:03

LONDON MARKET CLOSE: Stocks down on hawkish BoE interest rates hold

(Alliance News) - Stock prices in London closed down on Thursday after the Bank of England left interest rates on hold in a split decision that was hawkish on expectations of rate cuts.

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1 Feb 2024 12:22

LONDON MARKET MIDDAY: BoE keeps bank rate on hold in split decision

(Alliance News) - London's FTSE 100 was on the up on Thursday afternoon after the Bank of England left interest rates on hold on Thursday, in a split decision.

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1 Feb 2024 10:06

New UK oil and gas exploration licences approved in the North Sea

(Alliance News) - The UK's oil and gas regulator has awarded 24 new exploration licences to 17 separate companies in a move that has been welcomed by a trade body but condemned by climate campaigners.

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1 Feb 2024 08:50

LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

(Alliance News) - Stock prices in London opened mixed, ahead of the Bank of England's first interest rate decision of the year.

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30 Jan 2024 15:28

UK earnings, trading statements calendar - next 7 days

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YouGov PLCTrading Statement
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