BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen, and carbon capture, usage and storage. The company is also involved in the convenience and mobility business, which manages the sale of fuels to wholesale and retail customers, convenience products, aviation fuels, and Castrol lubricants; and refining, supply, and trading of oil products, as well as operation of electric vehicle charging facilities. In addition, it produces and refines oil and gas; and invests in upstream, downstream, and alternative energy companies, as well as in advanced mobility, bio and low carbon products, carbon management, digital transformation, and power and storage areas. BP p.l.c. was founded in 1908 and is headquartered in London, the United Kingdom.
IPO Year:
Exchange: NYSE
Website: bp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/10/2024 | Sector Outperform → Sector Perform | Scotiabank | |
| 10/9/2024 | Outperform → Neutral | Exane BNP Paribas | |
| 9/24/2024 | Buy → Neutral | Redburn Atlantic | |
| 8/8/2024 | Buy → Hold | HSBC Securities | |
| 8/7/2024 | Outperform → Sector Perform | RBC Capital Mkts | |
| 7/18/2024 | $57.00 | Outperform | Wolfe Research |
| 7/15/2024 | $49.90 → $41.50 | Overweight → Equal-Weight | Morgan Stanley |
| 3/4/2024 | Hold → Buy | Jefferies | |
| 11/1/2023 | Neutral → Underweight | JP Morgan | |
| 5/3/2023 | Buy → Hold | DZ Bank |
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THE WOODLANDS, Texas, March 21, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that its Board of Directors has appointed Angela D. John as a member of the Board of Directors, effective March 20, 2024. With nearly 30 years of experience with BP and Williams, including senior executive business and strategy leadership roles, Ms. John brings great industry and energy transition experience to TETRA. Ms. John will serve as an independent director and a member of the Audit Committee and the Nominating, Governance and Sustainability Committee of the board, effective as of her appointment to the board. In addition, Gina A. Luna, a current member
Lineage Logistics ("Lineage" or the "Company"), one of the leading temperature-controlled industrial REIT and integrated solutions providers worldwide, today announced the appointment of Brooke Miller as President of its Asia-Pacific region. In this role, she will oversee the Company's operations across the region, including in Australia, New Zealand, Singapore, Sri Lanka, and Vietnam. She will report to Jeff Rivera, Lineage's Global Chief Operating Officer. Miller brings to Lineage a broad range of senior executive experience across P&L leadership, strategy, finance, sales, and marketing. Most recently, she led the Asia-Pacific region of Castrol (NYSE:BP), a BP-owned $2 billion global le
Scotiabank downgraded BP from Sector Outperform to Sector Perform
Exane BNP Paribas downgraded BP from Outperform to Neutral
Redburn Atlantic downgraded BP from Buy to Neutral
HSBC Securities downgraded BP from Buy to Hold
RBC Capital Mkts downgraded BP from Outperform to Sector Perform
Wolfe Research resumed coverage of BP with a rating of Outperform and set a new price target of $57.00
Morgan Stanley downgraded BP from Overweight to Equal-Weight and set a new price target of $41.50 from $49.90 previously
Jefferies upgraded BP from Hold to Buy
JP Morgan downgraded BP from Neutral to Underweight
DZ Bank downgraded BP from Buy to Hold
Wolfe Research analyst Doug Leggate initiates coverage on BP (NYSE:BP) with a Outperform rating.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. TD Cowen cut the price target for Southwest Airlines Co. (NYSE:LUV) from $26 to $19. TD Cowen analyst Helane Becker maintained a Hold rating. Southwest shares gained 3.6% to close at $28.71 on Tuesday. See how other analysts view this stock. Susquehanna slashed the price target for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) from $175 to $155. Susquehanna analyst Bascome Majors maintained a Neutral rating. J.B. Hunt Transport shares gained 3.8% to close at $176.00 on Tuesday. See how other ana
Piper Sandler analyst Ryan Todd maintains BP (NYSE:BP) with a Neutral and lowers the price target from $43 to $40.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Morgan Stanley analyst Martijn Rats downgraded the rating for BP p.l.c. (NYSE:BP) from Overweight to Equal-Weight, while lowering the price target from $49.9 to $41.5. BP shares gained 0.4% to close at $35.19 on Friday. See how other analysts view this stock. RBC Capital analyst Ashish Sabadra downgraded Cintas Corporation (NASDAQ:CTAS) from Outperform to Sector Perform and announced a price target of $725. Cintas shares rose 0.8% to close at $721.76 on Friday. See how other analysts v
BP p.l.c. (NYSE:BP) shares are trading lower today. The company disclosed that it is forming a strategic partnership with Audi in Formula 1. The deal aligns the companies’ technical expertise and innovation drive to influence the future of motorsport as Audi prepares to enter F1 in 2026 under new FIA regulations emphasizing enhanced electrification and sustainable fuels. In their new partnership, BP and its Castrol lubricants division are teaming up with Audi to enhance performance in Formula 1. The partnership involves developing Advanced Sustainable fuel, as mandated by the FIA F1 Technical Regulations starting in 2026. To comply with regulations, this fuel must achieve a minim
Morgan Stanley analyst Martijn Rats downgrades BP (NYSE:BP) from Overweight to Equal-Weight and lowers the price target from $49.9 to $41.5.
Scotiabank analyst Paul Cheng maintains BP (NYSE:BP) with a Sector Outperform and lowers the price target from $47 to $42.
Wells Fargo analyst Roger Read maintains BP (NYSE:BP) with a Equal-Weight and lowers the price target from $42 to $41.
The lawsuit filed by Baltimore, Maryland, against energy giants like Exxon Mobil Corp (NYSE:XOM), BP p.l.c. (NYSE:BP), and Chevron Corp (NYSE:CVX) was reportedly dismissed by a Maryland judge, Videtta Brown, on Thursday. The judge ruled the case exceeded state law limits by attempting to address the global effects of gas emissions, reported Reuters. As per the report, the lawsuit alleged a deceptive campaign by the companies regarding the risks of their fossil fuel products, which contribute to greenhouse gas emissions and climate change. Judge Brown’s decision in Baltimore marks the first dismissal by a state court of lawsuits accusing energy companies of concealing fossil fuel ris
INDIANAPOLIS, Nov. 18, 2024 /PRNewswire/ -- Corteva Inc. (NYSE:CTVA) announced today a collaboration with bp (NYSE:BP, LSE: BP.L)) on the companies' shared intent to form a crop-based biofuel feedstock joint venture (JV). The JV envisaged by Corteva and bp would produce and deliver crop-based biofuel feedstocks to help meet the anticipated growth in demand for 'sustainable aviation fuel' (SAF). A number of countries around the world have, or are in the process of implementing, mandates or tax incentives to promote the decarbonization of the aviation sector. In the EU a SAF man
earnify™ aims to simplify and reward fueling and shopping by integrating an intuitive loyalty program and a streamlined user experience.Exclusive introductory offer includes double points for the first 90 days and 250 welcome points after registration.CHICAGO, Oct. 7, 2024 /PRNewswire/ -- bp (NYSE:BP) announces the launch of earnify™, a cutting-edge app designed to revolutionize the fueling and convenience store experience for consumers. Based on extensive consumer research, earnify™ goes beyond simply rewarding fuel purchases, aiming to deliver a seamless, integrated, and rewarding experience for users, both at the pump and in-store.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Saturn Insurance Inc. (Saturn) (Burlington, VT). Saturn is a captive insurer of BP p.l.c. (bp) (NYSE:BP), an integrated global energy company. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Saturn's balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also consider rating enhancement from Saturn's affiliate, Jupiter Insurance Limited, which is the largest captive of the bp group and provides substanti
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Jupiter Insurance Limited (Jupiter) (Guernsey), a captive insurer of BP p.l.c. (bp) (NYSE:BP), an integrated global energy company. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Jupiter's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. In addition, the ratings factor in a neutral impact from the company's owner bp. Jupiter's balance sheet strength is underpinned by its risk-adjusted capitalisation at the
Palantir Technologies Inc. (NYSE:PLTR) and bp (NYSE:BP) have announced an enterprise agreement that will extend their strategic relationship and introduce new artificial intelligence capabilities with Palantir's AIP software. The new contract will build on a decade of deep collaboration that has created a firm foundation for bp's oil and gas production operations, using Palantir's industry-leading software. Since 2014, Palantir software has been deployed widely by bp to support its oil and gas production operations, from offshore oil platforms in the North Sea and the Gulf of Mexico, to the Khazzan gas fields in Oman. During that decade, it has supported bp's digital transformation prog
Ultra-fast bp pulse Gigahubs to be rolled out at 75 Simon® locations, adding over 900 charging bays across the US.bp pulse continues to leverage its leading global network and expertise to pursue disciplined growth in key markets like the US.HOUSTON, July 10, 2024 /PRNewswire/ -- Today, bp (NYSE:BP) announced a deal for bp's global EV charging business, bp pulse, to install and operate EV charging Gigahubs on 75 sites with Simon ((Simon Property Group, NYSE:SPG), a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations.
Arcadis has delivered more than 7,000 EV charging stations around the worldHOUSTON, June 24, 2024 /PRNewswire/ -- Arcadis, a leading global design and consultancy organization for natural and built assets, today announced the completion of bp's (NYSE:BP) latest high-speed EV charging site at the company's North America headquarters in Houston, Texas. The new bp pulse station is the first bp pulse branded Gigahub™ in the US for their EV charging business. Arcadis delivered program and construction management for the installation of 24 high-speed charge points at bp's Houston
Lightning Renewables joint venture targets bringing approximately 40 landfill gas-to-renewable natural gas plants online in coming years.Fort Wayne plant is the largest Archaea Modular Design in Indiana, processing up to 6,400 standard cubic feet of landfill gas per minute (scfm), enough energy to heat more than 25,000 homes, according to the EPA Landfill Gas Energy Benefits calculator.HOUSTON and PHOENIX and FORT WAYNE, Ind., June 13, 2024 /PRNewswire/ -- Today, Archaea Energy, a subsidiary of bp (NYSE:BP), and Republic Services (NYSE:RSG) celebrate the first renewable natural gas (RNG) plant in the companies' Lightning Renewables joint venture (JV). The Archaea Modular Design (AMD) plant a
Castrol EDGE Extended Performance Offers Consumers the Best Performance and Protection of any Commercially Available Oil Castrol, a global leader in lubricants and part of the bp group, today announced new branding for its line of synthetic oils, as well as multiple new, industry-leading claims surrounding performance and protection. This news comes during Castrol's 125-year anniversary, a year which has already been full of exciting announcements and initiatives – including the launch of an updated corporate brand as well as packaging design. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240530339432/en/Castrol® unveils new
Amoco Ultimate® with Invigorate® can take you up to 300 miles farther yearly, compared to regular fuel in top-selling sedans and car SUVs.bp's "300 Miles Farther" campaign is an unmatched claim that enables drivers to cover more distance between fill-ups with confidence.CHICAGO, May 20, 2024 /PRNewswire/ -- bp (NYSE:BP) continues to push the boundaries of driving range thanks to the findings from new research, revealing that drivers can go up to 300 miles farther each year using Amoco Ultimate® with Invigorate® compared to regular fuel¹. Completed in the fourth quarter of 2023, this comprehensive proprietary research included a range of late-model sedans and car
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Researched by Industrial Info Resources-- Analysis from management consulting company Bain & Company (Boston, Massachusetts) finds executives at major energy firms believe they're making progress on the path to net-zero, though revenue streams from that industry segment are a concern. "We intend to leverage our capital discipline, advantaged assets and financial strength to deliver lower carbon energy to our customers and superior cash distributions to our shareholders," Chevron Corporation ((CVX) (San Ramon, California) Chief Executive Officer Mike Wirth said in the company's first-quarter presentation. Intentions are noble, though reality is another matter. Various pathways to a net-z
TravelCenters of America Inc. (NASDAQ:TA) today announced financial results for the quarter ended March 31, 2023. First Quarter 2023 Highlights: Net loss of $6.3 million as compared to net income of $16.3 million, and adjusted net loss of $3.4 million as compared to $15.2 million in the prior year period. Adjusted EBITDA of $32.0 million decreased $23.4 million or 42.2%, as compared to the prior year period. Adjusted EBITDAR was $96.7 million. Cash and cash equivalents of $385.9 million and availability under TA's revolving credit facility of $158.2 million for total liquidity of $544.1 million as of March 31, 2023. The following table presents detailed results for TA's
Net Loss of $(0.19) Per Common Share 159% Increase in Normalized FFO to $0.44 Per Common Share 27% Increase in Adjusted EBITDAre to $150.5 Million Completes $610.2 Million Secured Financing Agrees to Amend Lease Terms upon Completion of BP's Acquisition of TravelCenters of America Inc. Service Properties Trust (NASDAQ:SVC) today announced its financial results for the quarter ended December 31, 2022. Todd Hargreaves, President and Chief Investment Officer of SVC, made the following statement: "We are encouraged by the improved hotel fundamentals that we experienced throughout 2022 and expect that further progress will occur in 2023. Comparable hotel RevPAR for the fourth quarter incr
TravelCenters of America Inc. (NASDAQ:TA) today announced financial results for the three months and year ended December 31, 2022. Fourth Quarter 2022 Highlights: Net income of $46.8 million increased by $34.0 million, or 266.0%, and adjusted net income of $44.6 million improved by $31.4 million, or 238.1%, as compared to the prior year period. Adjusted EBITDA of $99.2 million increased by $46.3 million, or 87.5%, as compared to the prior year period. Adjusted EBITDAR was $164.2 million. Cash and cash equivalents of $416.0 million and availability under TA's revolving credit facility of $166.0 million for total liquidity of $582.0 million as of December 31, 2022. The following ta
Archaea Energy Inc. ("Archaea," "the Company," or "we") (NYSE:LFG), one of the largest producers of renewable natural gas ("RNG") in the U.S., today announced financial and operating results for the three and nine months ended September 30, 2022. FINANCIAL HIGHLIGHTS Revenue of $105.0 million and net equity investment income of $2.9 million for the three months ended September 30, 2022 and revenue of $239.1 million and net equity investment income of $7.1 million for the nine months ended September 30, 2022. Net loss1 of $24.2 million for the three months ended September 30, 2022 and $24.8 million for the nine months ended September 30, 2022. Net loss per Class A Common Share (basic)