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United Kingdom

BP PLC (BP.L)

BP.L on London Stock Exchange

544.50GBp
24 May 2019
Change (% chg)

0.40 (+0.07%)
Prev Close
544.10
Open
543.50
Day's High
550.00
Day's Low
542.60
Volume
22,514,220
Avg. Vol
28,887,819
52-wk High
603.60
52-wk Low
481.35

Latest Key Developments (Source: Significant Developments)

Aker BP signs $4 bln credit facilities
Friday, 24 May 2019 

May 24 (Reuters) - Aker BP ASA ::AKER BP SUCCESSFULLY CLOSES USD 4.0 BILLION SENIOR UNSECURED REVOLVING CREDIT FACILITIES.FOLLOWING STRONG DEMAND FROM BANKS, FACILITIES WERE OVERSUBSCRIBED BY MORE THAN 47%, RESULTING IN AKER BP CHOOSING TO SCALE BACK LARGEST COMMITMENTS AND CLOSING TRANSACTION AS A 17 BANK CLUB DEAL WITH EQUAL TICKETS.FACILITIES COMPRISE A 3-YEAR USD 2.0 BILLION WORKING CAPITAL FACILITY AND A USD 2.0 BILLION 5-YEAR LIQUIDITY FACILITY.LIQUIDITY FACILITY INCLUDES TWO 12-MONTH EXTENSION OPTIONS.FACILITIES WILL BE USED FOR GENERAL CORPORATE PURPOSES AND WORKING CAPITAL AS WELL AS PROVIDING A LIQUIDITY RESERVE.  Full Article

BP Says Upstream CEO Looney Sold About 2 Mln Stg Of Shares
Thursday, 2 May 2019 

May 2 (Reuters) - BP PLC ::SAYS UPSTREAM CEO BERNARD LOONEY SELLS ABOUT 2 MILLION STG WORTH OF SHARES OF CO - FILING.SAYS UPSTREAM CEO BERNARD LOONEY SELLS 347,630 SHARES OF CO AT 5.596 STG/SHARE - FILING.  Full Article

BP Profits Slump But Slightly Beat Forecasts
Tuesday, 30 Apr 2019 

April 30 (Reuters) - BP PLC ::UNDERLYING REPLACEMENT COST PROFIT FOR Q1 OF 2019 WAS $2.4 BILLION, COMPARED TO $2.6 BILLION A YEAR EARLIER.OPERATING CASH FLOW, EXCLUDING GULF OF MEXICO OIL SPILL PAYMENTS, FOR QUARTER WAS $5.9 BILLION.DIVIDEND OF 10.25 CENTS A SHARE ANNOUNCED FOR QUARTER, 2.5% HIGHER THAN A YEAR EARLIER.QTRLY RC PROFIT OF $2,095 MILLION VERSUS. $2,389 MILLION AS REPORTED A YEAR EARLIER.ORGANIC CAPITAL EXPENDITURE FOR Q1 WAS $3.6 BILLION; REPORTED $3.5 BILLION FOR SAME PERIOD IN 2018.INTEGRATION OF US ONSHORE ASSETS ACQUIRED FROM BHP CONTINUES, WITH BP TAKING OPERATIONAL CONTROL IN MARCH.Q1 RESULTS REFLECT EFFECTS OF IFRS 16 FOR FIRST TIME.QTRLY RC PROFIT PER ORDINARY SHARE OF 10.38 CENTS.WHILE EFFECTS OF IFRS 16 IMPACTS A NUMBER OF LINES ACROSS FINANCIAL STATEMENTS, FINANCIAL FRAMEWORK IS UNCHANGED.QTRLY UNDERLYING RC PROFIT PER ORDINARY SHARE OF 11.69 CENTS.UPSTREAM PRODUCTION, EXCLUDING ROSNEFT, FOR QUARTER WAS 2,656 MBOE/D, 2% HIGHER THAN A YEAR EARLIER.QTRLY UNDERLYING REPLACEMENT COST PROFIT $2.3 BILLION, ACCORDING TO COMPANY COLLECTED CONSENSUS.BP - SAFELY BROUGHT 22 NEW UPSTREAM MAJOR PROJECTS INTO PRODUCTION SINCE 2016, REMAINING ON TRACK TO DELIVER 900,000BOE/D FROM NEW PROJECTS BY 2021.NET DEBT* AT 31 MARCH 2019 WAS $45.1 BILLION, COMPARED WITH $39.3 BILLION A YEAR AGO.EXPECT SECOND-QUARTER 2019 REPORTED PRODUCTION TO BE BROADLY FLAT WITH Q1.  Full Article

Top Ships Inc Announces Commencement Of Charter With Oil Major
Thursday, 11 Apr 2019 

April 11 (Reuters) - Top Ships Inc ::TOP SHIPS INC. ANNOUNCES COMMENCEMENT OF CHARTER WITH OIL MAJOR.TOP SHIPS - RECENTLY DELIVERED SCRUBBER FITTED SUEZMAX TANKER M/T ECO BEL AIR COMMENCED TIME CHARTER EMPLOYMENT WITH BP ON APRIL 11, 2019.TOP SHIPS INC - REVENUE BACKLOG EXPECTED TO BE GENERATED BY FIXTURE RELATING TO CHARTER, ASSUMING ALL OPTIONS ARE EXERCISED, IS ABOUT $47.5 MILLION.TOP SHIPS INC - FOR 2019 ALONE, CHARTER WITH BP IS EXPECTED TO INCREASE REVENUE BY $6.6 MILLION..  Full Article

UK's Unite Plans Industrial Action On Petrofac-owned BP Platforms In North Sea
Wednesday, 20 Mar 2019 

March 20 (Reuters) - UK'S UNITE UNION::UK'S UNITE UNION SAYS MEMBERS VOTED FOR INDUSTRIAL ACTION ON ALL BP PLATFORMS IN THE NORTH SEA OWNED BY PETROFAC.UK'S UNITE UNION SAYS DATES FOR THE INDUSTRIAL ACTION WILL BE ANNOUNCED IN DUE COURSE.UK'S UNITE UNION SAYS PETROFAC DISPUTE IS SEPARATE FROM ONGOING INDUSTRIAL ACTION INVOLVING SHETLAND GAS PLANT AND ALWYN, DUNBAR AND ELGIN PLATFORMS.  Full Article

BP CEO Says He Does Not Think Oil Supply Gap Is Imminent
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - BP PLC ::BP CEO SAYS OIL PRICE AT $50-70/BBL CAN WORK FOR CONSUMERS AND PRODUCERS.BP CEO SAYS HE DOES NOT THINK OIL SUPPLY GAP IS IMMINENT.  Full Article

BP Upstream CEO Bernard Looney Sold Shares Worth 5.9 Mln Stg On Feb. 5
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - BP PLC ::UPSTREAM CEO BERNARD LOONEY SOLD SHARES WORTH 5.9 MILLION STG ON FEB 5.  Full Article

BP Says Admiral Frank Bowman To Not Stand For Re-Election As Non-Executive Director At AGM
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - BP PLC ::DIRECTORATE CHANGE.ADMIRAL FRANK BOWMAN WILL NOT BE OFFERING HIMSELF FOR RE-ELECTION AS A NON-EXECUTIVE DIRECTOR AT 2019 AGM OF BP.  Full Article

BP's Qtrly Underlying RC Profit Rises to $3,477 Mln From $2,107 Mln
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - BP Plc ::QTRLY REPLACEMENT COST PROFIT PER SHARE OF 13.58 CENTS.EXPECT FULL-YEAR 2019 UNDERLYING PRODUCTION TO BE HIGHER THAN 2018 DUE TO MAJOR PROJECTS.QTRLY UNDERLYING REPLACEMENT COST PROFIT PER SHARE OF 17.38 CENTS.ORGANIC CAPITAL EXPENDITURE FOR Q4 WAS $4.4 BILLION COMPARED WITH $4.6 BILLION FOR SAME PERIODS IN 2017.ANNOUNCED A QUARTERLY DIVIDEND OF 10.25 CENTS PER ORDINARY SHARE ($0.615 PER ADS), WHICH IS EXPECTED TO BE PAID ON 29 MARCH 2019.OPERATING CASH FLOW, EXCLUDING GULF OF MEXICO OIL SPILL PAYMENTS, FOR FULL YEAR 2018 WAS $26.1 BILLION COMPARED WITH $24.1 BILLION FOR 2017.EXPECT FIRST-QUARTER 2019 REPORTED PRODUCTION TO BE FLAT WITH FOURTH-QUARTER 2018.Q4 REPLACEMENT COST PROFIT OF $2,717 MILLION VERSUS LOSS OF $583 MILLION AS REPORTED YEAR AGO.BP INTENDS TO COMPLETE MORE THAN $10 BILLION DIVESTMENTS OVER NEXT TWO YEARS, WHICH INCLUDES PLANS ANNOUNCED FOLLOWING BHP TRANSACTION.Q4 TOTAL REVENUES AND OTHER INCOME OF $76,885 MILLION VERSUS $70,022 MILLION A YEAR AGO.Q4 UNDERLYING REPLACEMENT COST PROFIT OF $3,477 MILLION VERSUS PROFIT OF $2,107 MILLION AS REPORTED YEAR AGO.2018 RESERVES REPLACEMENT RATIO, INCLUDING ROSNEFT, IS 100 PCT; INCLUDING ACQUISITIONS, DISPOSALS, RRR IS 209 PCT, PRIMARILY ON BHP TRANSACTION.PRODUCTION FOR THE QUARTER WAS 2,627MBOE/D, 1.8% HIGHER THAN 2017.NET DEBT AT 31 DECEMBER 2018 WAS $44.1 BILLION, COMPARED WITH $37.8 BILLION A YEAR AGO.GULF OF MEXICO OIL SPILL PAYMENTS IN 2018 TOTALLED $3.2 BILLION ON A POST-TAX BASIS.  Full Article

Aker BP produces 155,700 boe/day in Q4
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Aker BP ASA ::AKERBP: FOURTH QUARTER 2018 PRODUCTION.AKER BP PRODUCED 155.7 THOUSAND BARRELS OF OIL EQUIVALENTS PER DAY (MBOEPD) IN Q4 2018.FOR FULL YEAR, AVERAGE PRODUCTION WAS ALSO 155.7 MBOEPD.  Full Article

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UK stocks shrug off May's exit, but Brexit risk lurks

Britain's FTSE 100 held its gains on Friday after Prime Minister Theresa May announced her resignation date as head of her party in a widely expected move that nevertheless raises the prospect of a successor likely to seek a more hardline Brexit deal.