BP PLC ADR

NYSE: BP
$32.64
-$0.12 (-0.4%)
Closing Price on September 20, 2024

BP Articles

The November 30 short interest data have been compared with the previous figures, and short interest for the selected oil stocks was ultimately mixed.
Some of the latest short interest readings for major oil companies are backing off highs, while others are pushing on new highs.
Investors have been trying to nibble into and find value in the oil patch. So far this has come with some small gains here and there, but it has come with a lot of pain for the long-term energy bulls.
The October 15 short interest data have been compared with the previous figures, and short interest for the selected oil stocks was mixed.
BP reported third-quarter 2015 results, along with production and capex guidance, before markets opened Tuesday morning.
Before markets open on Tuesday morning, energy giant BP is scheduled to release third-quarter results.
Kinder Morgan has announced that it will acquire 15 refined products terminals and associated U.S. infrastructure from a division of BP in a transaction valued at about $350 million.
Big Oil is now engaged in cost-cutting operations with mass layoffs and project cutbacks. This could start a positive feedback loop for both oil and oil stocks.
The September 30 short interest data have been compared with the previous figures, and short interest for the selected oil stocks increased almost across the board.
Anyone waiting for some good third-quarter news from U.S. oil companies is very likely to be disappointed when these firms report earnings beginning later this month.
BP announced in early July that it had reached an agreement in principle with the U.S. Department of Justice and it will file the details of that agreement in federal court on Monday.
Sometimes it takes extreme events in order to regain a lost perspective on the market, especially after an eight-year, 220% bull market.
The September 15 short interest data have been compared with the previous figures, and short interest for the selected big oil stocks increased almost across the board.
If Moody’s Investors Service is right, the world’s largest oil companies will experience a contraction of 20% in their cash flows in 2015.
Oil, gas and energy remains in a very high state of uncertainty. Still, the price of oil has acted as though it wants to find some stable ground.