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Share Price Information for BP (BP.)

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Share Price: 525.70
Bid: 575.60
Ask: 491.95
Change: 2.40 (0.46%)
Spread: -83.65 (-14.533%)
Open: 0.00
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Low: 0.00
Prev. Close: 523.30
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US Government: Storm Must Be Upgraded To Evacuate Spill Site

Thu, 22nd Jul 2010 21:19

By Susan Daker and Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--If a tropical depression continues to head for the Gulf of Mexico and gains strength Thursday night, then the U.S. government may order an evacuation of drill ships and other vessels working at the site of the BP PLC (BP, BP.LN) broken well, the federal response commander said. If workers flee the site, the spill response could be delayed by 10 to 14 days, retired Coast Guard Adm. Thad Allen said. A decision about the evacuation could be made about 8 p.m. local time, Allen said at a teleconference from Mobile, Ala. However, despite the storm, government and company officials have decided that the well's cap will stay in place even though there will be no one near to monitor it, Allen said. "We are prepared to leave the well unattended for this particular event," Allen said. The cap was put on top of the well last week and has been keeping up to 60,000 barrels of oil a day from flowing into the gulf. The storm, currently dubbed Tropical Depression 3, would have to rise to a level of a tropical storm, meaning its winds would have to increase to 39 miles per hour, in order to provoke an evacuation, Allen said. The National Hurricane Center shows the storm tracking toward the oil spill site off the coast of Louisiana. Gale force winds could reach the site by Saturday morning, Allen said. The vessel drilling the relief well that is closest to completion would have to leave first, Allen said. BP is drilling two relief wells and one has been on track to finish by mid-August. Its completion is heralded as the ultimate way to plug the well. In addition to the evacuation of vessels near the spill site, equipment closer to shore will be moved. U.S. Coast Guard Rear Adm. Paul Zukunft, the on-scene coordinator for the oil spill response, told local officials in a letter released Thursday that there are concerns about the effect of a storm surge on the thousands of feet of oil-containment boom placed along the Gulf's shores. During two recent storm surges, tens of thousands of feet of boom were washed onto the shoreline and marshes of the area, causing damage to the environment, the letter said. The Coast Guard has set up staging areas in four states that rest on high ground to help deal with the problem as the storm approaches, the letter said. Richard Knabb, the tropical weather expert at the Weather Channel, said Thursday that the tropical depression is unlikely to form into a hurricane but would still push sea water, which could be mixed with oil and dispersant, onto land in Louisiana, Mississippi and Alabama. "Some places would get onshore flow, no matter what strength [of storm]," Knabb said. However, the government announced Thursday that it had reopened one-third of the Gulf area that had been closed to fishing as a result of the spill. -By Susan Daker and Angel Gonzalez, Dow Jones Newswires; 713 547-9208; susan.daker@dowjones.com (END) Dow Jones Newswires July 22, 2010 16:19 ET (20:19 GMT)
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15 Feb 2024 16:52

LONDON MARKET CLOSE: Stocks in green despite UK hit by recession

(Alliance News) - Stock prices in London closed higher on Thursday, after data showed that the UK economy slipped into recession in the final quarter of 2023, buoying hopes for interest rate cuts from the Bank of England.

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15 Feb 2024 14:55

London close: Stocks manage gains despite UK recession news

(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.

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15 Feb 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat as strong start fades

(Alliance News) - The FTSE 100 tread water on Thursday afternoon, as share price declines for some of London's heavyweights offset a strong start for the index, which got a boost from Bank of England rate cut hopes.

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15 Feb 2024 09:17

BP hails arrival of LNG vessel at project off Senegal and Mauritania

(Alliance News) - BP PLC on Thursday celebrated the arrival of a gas vessel offshore west Africa, which it called a "major milestone" for its project there.

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14 Feb 2024 12:01

BP and Adnoc form gas joint venture in Egypt to boost capabilities

(Alliance News) - BP PLC on Wednesday said it will form a joint venture with Abu Dhabi National Oil Co in Egypt, under which BP will contribute its interests in three development concessions.

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14 Feb 2024 10:27

BP and Adnoc agree Egyptian joint venture

(Sharecast News) - BP has agreed a new joint venture in Egypt with long-standing partner Adnoc, it was confirmed on Wednesday.

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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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Tufton Oceanic Assets Ltddividend payment date
Monday 12 February 
no events scheduled 
Tuesday 13 February 
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Mondi PLCspecial dividend payment date
Wednesday 14 February 
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Thursday 15 February 
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Balanced Commercial Property Trust Ltdex-dividend payment date
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BP Marsh & Partners PLCex-dividend payment date
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Impax Environmental Markets PLCex-dividend payment date
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Invesco Perpetual UK Smaller Cos IT PLCex-dividend payment date
Invesco Select Trust PLC Global Equity Incomedividend payment date
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JPMorgan European Growth & Income PLCex-dividend payment date
Knights Group Holdings PLCex-dividend payment date
M Winkworth PLCdividend payment date
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Mobeus Income & Growth 4 VCT PLCex-dividend payment date
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Murray Income Trust PLCex-dividend payment date
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NextEnergy Solar Fund Ltdex-dividend payment date
Pershing Square Holdings Ltdex-dividend payment date
PRS REIT PLCex-dividend payment date
Ramsdens Holdings PLCex-dividend payment date
Schroder UK Mid Cap Fund PLCex-dividend payment date
Shell PLCex-dividend payment date
Triple Point Venture VCT PLCex-dividend payment date
Troy Income & Growth Trust PLCex-dividend payment date
UK Commercial Property REIT Ltdex-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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