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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 500.50
Bid: 499.75
Ask: 499.90
Change: -3.20 (-0.64%)
Spread: 0.15 (0.03%)
Open: 498.00
High: 500.50
Low: 490.65
Prev. Close: 503.70
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U.S. lawmaker urges DOJ not to rush BP clean water decision

Tue, 12th Feb 2013 18:40

WASHINGTON, Feb 12 (Reuters) - A Republican lawmaker hasurged U.S. authorities not rush to settle with BP Plc under the U.S. Clean Water Act in a court case starting thismonth related to the 2010 Deepwater Horizon oil spill.

David Vitter, the top Republican on the Senate Committee onEnvironment and Public Works, said in a letter to AttorneyGeneral Eric Holder on Tuesday that he was concerned BP "maytake advantage of the overlap" between two laws "to continueintentionally slow-walking restoration efforts" under a relatedNatural Resources Damage Assessment, or NRDA.

After the April 2010 explosion on the Transocean rig in theGulf of Mexico, 4.9 million barrels of oil spewed into the Gulfover 87 days. Shorelines from Texas to Florida were fouledbefore responders could cap the mile-deep (1.6 km) well.

BP could face massive civil penalties of up to $21 billionif found to be grossly negligent for the worst offshore oilspill in U.S. history. The Justice Department will make its caseat a trial starting in New Orleans on Feb. 25.

The company already agreed in January to pay a record $4billion in criminal penalties for the Deepwater Horizondisaster, related to workers' deaths and other charges.

Even though the potential payout under the Clean Water Actis massive, if BP is allowed to settle before agreement isreached on separate penalties expected under the NRDA, statesmight rush to pay for clean-up projects using the CWA dollars,Vitter, from Louisiana, said in the letter.

Those funds "may be misdirected to restoration projects thatshould be covered by NRDA dollars," he said.

"I ask that the Department of Justice not settle with BP forfines due under the Clean Water Act until agreement on theresponsibility for Natural Resources Damage Assessment has beenreached," Vitter said.

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15 Mar 2024 13:07

IN BRIEF: Costain wins place on GBP4 billion carbon capture project

Costain Group PLC - Maidenhead, Berkshire-based construction and engineering firm - Selected as one of nine specialist partners to deliver a carbon capture project beneath the North Sea off the east cost of England. The engineering, procurement, and construction contracts for the East Coast Cluster have a combined value of around GBP4 billion, Costain says. The contracts will be with Net Zero Teesside Power and the Northern Endurance Partnership. NZT Power is a electricity generating joint venture of the UK's BP PLC and Norway's Equinor. NEP is a joint venture of BP, Equinor and France's TotalEnergies SE that will provide CO2 transport and storage for the East Coast Cluster. Final investment decisions are expected in September or earlier, with the projects aiming for commercial operations from 2027.

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15 Mar 2024 12:11

LONDON MARKET MIDDAY: FTSE 100 underperforms despite mining, oil boost

(Alliance News) - London's FTSE 100 overcame a muted morning to head into Friday afternoon on the up, though its progress was shy of the loftier gains seen by mainland European peers, as investors showed some signs of trepidation ahead of a pair of interest rate decisions next week.

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14 Mar 2024 11:54

BP details green credentials in similar push towards net zero as Shell

(Alliance News) - BP PLC on Thursday outlined similar targets to cut emissions as peer Shell PLC, as both oil and gas majors strive to become net zero for carbon emissions by 2050.

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14 Mar 2024 10:19

BP picks up Ashford site to boost electric charging scope for trucks

(Alliance News) - BP PLC on Thursday stepped up plans to increase its electric charging capacity for heavy goods vehicles by buying one of the largest truck stops in Europe.

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8 Mar 2024 13:42

BP appoints Aviva boss Amanda Blanc as senior independent director

(Sharecast News) - Oil giant BP said on Friday that it has appointed Aviva chief executive Amanda Blanc as senior independent director with effect from after the annual meeting on 25 April.

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8 Mar 2024 12:20

IN BRIEF: BP promotes Aviva chief executive officer to senior director

BP PLC - London-based oil major - Non-Executive Director Amanda Blanc will be appointed as a senior independent director, effective from April 25 at the conclusion of BP's annual general meeting. Blanc joined BP's board in September 2022. She has been group chief executive officer of Aviva PLC since July 2020. Company also says Senior Independent Director Paula Reynolds will retire at the AGM's conclusion, having served on the board for nine years. Non-Executive Director John Sawers will also be retiring.

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8 Mar 2024 10:33

BP pays Auchincloss £8m in 2023, claws back £1.8m from Looney

(Sharecast News) - BP chief executive officer Martin Auchincloss was paid £8m for his services in a particularly prosperous year, it was revealed on Friday, as it managed to claw back a further £1.8m from its former head Bernard Looney.

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4 Mar 2024 15:29

London close: Stocks languish ahead of Wednesday's Budget

(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.

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Jefferies upgrades BP to 'buy'

(Sharecast News) - Jefferies upgraded BP on Monday to 'buy' from 'hold' and lifted the price target to 570p from 520p.

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LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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(Alliance News) - Stock prices in London opened mostly lower on Monday, as investor attention remained primarily on the release of the UK Spring budget on Wednesday.

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LONDON BRIEFING: Stocks called down; attention on UK's spring budget

(Alliance News) - Stocks in London are called to open lower, ahead of a busy week of economic news.

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(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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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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