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Get alerts for BPBP CEO Denies Breakup Rumors
NeutralBP's CEO rejected breakup reports and reaffirmed its oil and gas focus and existing goals. The statement reports no change to the company's plans, leaving its outlook unchanged.
BP thinks trading will be slower in the fourth quarter because the market is less active.
NeutralBP reported record third-quarter profit and lower debt, but expects weaker fourth-quarter trading and more costs. These opposing signs leave its outlook without a clear change from this report.
Berenberg Bank has increased its price goal for BP.
Good for BPBP's strong third-quarter report and continued operating performance led Berenberg to raise its price target. The news supports a positive reading for BP.
BP's stock just reached its highest point in a year, and here's what happened.
NeutralBP expects stronger refining and gas results, but also write-downs, weaker customer results, and lower oil income. These changes point in different directions, so the story does not clearly change BP’s outlook.
Iran says it will help Saudi Arabia and the Houthis talk after Riyadh promises a strong reply to recent airport attacks.
NeutralBP's chief executive was removed from the congress agenda as regional attacks raised security concerns. Iran offered talks, and the report names no change to BP's operations, so its outlook is unchanged.