Bunge Global Has Agreed To Sell Its 50% Share In BP Bunge Bioenergia To BP, Its Joint Venture Partner, This Second And Final Monetization Event Of Bunge's Ownership In The Business Is Expected To Yield Net Proceeds Close To $800M

6/20/24 7:34:31 AM ET

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BP Bunge Bioenergia, a joint venture formed in 2019, combined both companies' Brazilian bioenergy and sugarcane ethanol businesses with a total of 11 mills located across the Southeast, North and Midwest regions of Brazil. At closing, which is expected to happen in the fourth quarter of 2024, bp will own 100% of the business.

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Recent Analyst Ratings for
$BG
$BP

Company	Date	Price Target	Rating	Analyst
BP p.l.c. $BP	3/24/2026	$49.40	Equal-Weight → Overweight	Morgan Stanley
BP p.l.c. $BP	3/20/2026	$45.30	Reduce → Hold	HSBC Securities
BP p.l.c. $BP	2/13/2026	$37.00 → $35.00	Hold	TD Cowen
BP p.l.c. $BP	2/12/2026	$38.50	Hold → Reduce	HSBC Securities
BP p.l.c. $BP	2/11/2026	$31.00	Buy → Sell	Melius
BP p.l.c. $BP	1/6/2026	$38.00	Outperform → In-line	Evercore ISI
Bunge Limited $BG	12/16/2025	$120.00	Equal-Weight → Overweight	Morgan Stanley
BP p.l.c. $BP	12/5/2025		Neutral → Underperform	BofA Securities

More analyst ratings

Bunge Global Has Agreed To Sell Its 50% Share In BP Bunge Bioenergia To BP, Its Joint Venture Partner, This Second And Final Monetization Event Of Bunge's Ownership In The Business Is Expected To Yield Net Proceeds Close To $800M

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$BG
$BP

Bunge Global Has Agreed To Sell Its 50% Share In BP Bunge Bioenergia To BP, Its Joint Venture Partner, This Second And Final Monetization Event Of Bunge's Ownership In The Business Is Expected To Yield Net Proceeds Close To $800M

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$BG
$BP

$BG
$BP
Press Releases

Energy Security in a Shifting World: Why New Supply Frontiers Matter

Bunge Schedules First Quarter 2026 Earnings Release and Conference Call

Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Bunge Global, SA (NYSE: BG)

$BG
$BP
Insider Purchases

Director Mahoney Christopher bought $408,650 worth of shares (5,000 units at $81.73), increasing direct ownership by 231% to 7,164 units (SEC Form 4)

$BG
$BP
Insider Trading

Chief Financial Officer Neppl John W was granted 20,113 shares and covered exercise/tax liability with 9,161 shares, increasing direct ownership by 8% to 148,958 units (SEC Form 4)

Chief Legal Officer Podwika Joseph covered exercise/tax liability with 5,074 shares and was granted 11,429 shares, increasing direct ownership by 7% to 92,002 units (SEC Form 4)

EVP and CSO Dimopoulos Christos was granted 14,178 shares and returned $111,559 worth of shares to the company (888 units at $125.63), increasing direct ownership by 13% to 118,205 units (SEC Form 4)

$BG
$BP
SEC Filings

$BG
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Analyst Ratings

Bunge Limited filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

Bunge Limited filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

SEC Form 6-K filed by BP p.l.c.

BP upgraded by Morgan Stanley with a new price target

BP upgraded by HSBC Securities with a new price target

TD Cowen reiterated coverage on BP with a new price target

$BG
$BP
Leadership Updates

Energy Security in a Shifting World: Why New Supply Frontiers Matter

Bunge Announces Approval of Quarterly Dividends and Changes to Board of Directors by Shareholders at 2025 Annual General Meeting

TETRA TECHNOLOGIES, INC. ANNOUNCES APPOINTMENT OF ANGELA D. JOHN TO ITS BOARD OF DIRECTORS

$BG
$BP
Financials

Bunge Schedules First Quarter 2026 Earnings Release and Conference Call

Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Bunge Global, SA (NYSE: BG)

Bunge Outlines Strategic Growth and Value Creation Plan at 2026 Investor Day

$BG
$BP
Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by Bunge Limited

Amendment: SEC Form SC 13G/A filed by Bunge Limited

SEC Form SC 13G/A filed by Bunge Limited (Amendment)

Bunge Global Has Agreed To Sell Its 50% Share In BP Bunge Bioenergia To BP, Its Joint Venture Partner, This Second And Final Monetization Event Of Bunge's Ownership In The Business Is Expected To Yield Net Proceeds Close To $800M

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for $BG$BP

Bunge Global Has Agreed To Sell Its 50% Share In BP Bunge Bioenergia To BP, Its Joint Venture Partner, This Second And Final Monetization Event Of Bunge's Ownership In The Business Is Expected To Yield Net Proceeds Close To $800M

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for $BG$BP

$BG$BP Press Releases

Energy Security in a Shifting World: Why New Supply Frontiers Matter

Bunge Schedules First Quarter 2026 Earnings Release and Conference Call

Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Bunge Global, SA (NYSE: BG)

$BG$BP Insider Purchases

Director Mahoney Christopher bought $408,650 worth of shares (5,000 units at $81.73), increasing direct ownership by 231% to 7,164 units (SEC Form 4)

$BG$BP Insider Trading

Chief Financial Officer Neppl John W was granted 20,113 shares and covered exercise/tax liability with 9,161 shares, increasing direct ownership by 8% to 148,958 units (SEC Form 4)

Chief Legal Officer Podwika Joseph covered exercise/tax liability with 5,074 shares and was granted 11,429 shares, increasing direct ownership by 7% to 92,002 units (SEC Form 4)

EVP and CSO Dimopoulos Christos was granted 14,178 shares and returned $111,559 worth of shares to the company (888 units at $125.63), increasing direct ownership by 13% to 118,205 units (SEC Form 4)

$BG$BP SEC Filings

$BG$BP Analyst Ratings

Bunge Limited filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

Bunge Limited filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

SEC Form 6-K filed by BP p.l.c.

BP upgraded by Morgan Stanley with a new price target

BP upgraded by HSBC Securities with a new price target

TD Cowen reiterated coverage on BP with a new price target

$BG$BP Leadership Updates

Energy Security in a Shifting World: Why New Supply Frontiers Matter

Bunge Announces Approval of Quarterly Dividends and Changes to Board of Directors by Shareholders at 2025 Annual General Meeting

TETRA TECHNOLOGIES, INC. ANNOUNCES APPOINTMENT OF ANGELA D. JOHN TO ITS BOARD OF DIRECTORS

$BG$BP Financials

Bunge Schedules First Quarter 2026 Earnings Release and Conference Call

Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Bunge Global, SA (NYSE: BG)

Bunge Outlines Strategic Growth and Value Creation Plan at 2026 Investor Day

$BG$BP Large Ownership Changes

Amendment: SEC Form SC 13G/A filed by Bunge Limited

Amendment: SEC Form SC 13G/A filed by Bunge Limited

SEC Form SC 13G/A filed by Bunge Limited (Amendment)

Recent Analyst Ratings for
$BG
$BP

Recent Analyst Ratings for
$BG
$BP

$BG
$BP
Press Releases

$BG
$BP
Insider Purchases

$BG
$BP
Insider Trading

$BG
$BP
SEC Filings

$BG
$BP
Analyst Ratings

$BG
$BP
Leadership Updates

$BG
$BP
Financials

$BG
$BP
Large Ownership Changes