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BP PLC (BP.L)

BP.L on London Stock Exchange

535.30GBp
26 Apr 2018
Change (% chg)

11.30 (+2.16%)
Prev Close
524.00
Open
526.60
Day's High
536.20
Day's Low
525.80
Volume
38,811,265
Avg. Vol
33,004,246
52-wk High
536.70
52-wk Low
436.91

Latest Key Developments (Source: Significant Developments)

SOCAR And BP Sign New Production Sharing Agreement For Azerbaijan Exploration
Thursday, 26 Apr 2018 

April 26 (Reuters) - BP PLC ::SOCAR AND BP SIGN NEW PRODUCTION SHARING AGREEMENT FOR AZERBAIJAN EXPLORATION.NEW DEAL TO EXPLORE NEW CASPIAN OPPORTUNITIES, POTENTIAL TO SUPPORT AZERBAIJAN'S LONG-TERM PRODUCTION.SOCAR AND BP SIGNED NEW PRODUCTION SHARING AGREEMENT (PSA) FOR JOINT EXPLORATION AND DEVELOPMENT OF BLOCK D230 IN NORTH ABSHERON.UNDER PSA, WHICH IS FOR 25 YEARS, BP WILL BE OPERATOR DURING EXPLORATION PHASE HOLDING A 50 PER CENT INTEREST WHILE SOCAR WILL HOLD REMAINING 50 PERCENT INTEREST.  Full Article

Aker BP's Q1 output rose to 158,600 boe/day
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Aker BP ASA ::AKERBP: FIRST QUARTER 2018 PRODUCTION.PRODUCED 158.6 THOUSAND BARRELS OF OIL EQUIVALENTS PER DAY IN Q1 2018 VERSUS 135.6 THOUSAND BOED IN Q4.AKER BP'S INTEREST IN THE VALHALL AND HOD FIELDS INCREASED TO 90% FROM FIRST QUARTER 2018.  Full Article

Buckeye Announces Expansion Of Chicago Complex And Execution Of Long Term Agreement With BP
Thursday, 5 Apr 2018 

April 5 (Reuters) - Buckeye Announces Expansion Of Chicago Complex And Execution Of Long ::TERM AGREEMENT WITH BP.ANNOUNCED AN APPROXIMATELY $80 MILLION EXPANSION OF CHICAGO COMPLEX.TERM AGREEMENT WITH BP PRODUCTS NORTH AMERICA.  Full Article

Aker BP raises 2018 dividend plan to $450 mln, sees further increase
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Aker Bp Asa ::‍DURING 2017, AKER BP INCREASED ITS RESERVES (2P) BY A NET OF 202 MILLION BARRELS OF OIL EQUIVALENTS (MMBOE), TO A TOTAL OF 913 MMBOE​.‍TO INCREASE DIVIDENDS FOR 2018 TO USD 450 MILLION.CLEAR AMBITION TO GROW DIVIDENDS FURTHER IN COMING YEARS BY USD 100 MILLION ANNUALLY TO 2021​​.‍AKER BP'S PRO-FORMA PRODUCTION IN 2017 WAS 160 MBOEPD, INCLUDING PRODUCTION FROM HESS NORWAY​.‍2018 PRODUCTION IS EXPECTED TO BE BETWEEN 155 AND 160 MBOEPD, WITH AN AVERAGE PRODUCTION COST OF 12 USD/BOE​.‍WITH ITS CURRENT PORTFOLIO, COMPANY HAS POTENTIAL TO PRODUCE 330 MBOEPD IN 2023​.‍WHILE COMPANY'S OIL AND GAS RESERVES GREW TO 913 MMBOE AT END OF 2017, CONTINGENT RESOURCES WERE ESTIMATED AT 785 MMBOE AT YEAR-END 2017, EACH WITH AN INCREASE OF APPROXIMATELY 30 PERCENT FROM PREVIOUS YEAR​.‍ORGANIC RESERVE REPLACEMENT RATIO (RRR) WAS 2.3 TIMES PRODUCTION, AND TOTAL RRR WAS 4.5 TIMES.​.‍HAS AN AMBITION TO DISCOVER A NET OF 250 MMBOE OIL AND GAS IN 2016 - 2020 PERIOD​.‍COMPANY WILL CONTINUE ITS ACTIVE EXPLORATION STRATEGY IN 2018 WITH 12 EXPLORATION WELLS TO BE DRILLED, WITH RISKED PRE-DRILL ESTIMATES RANGING FROM 50 - 150 MMBOE NET TO AKER BP​.‍FURTHER INFILL WELLS AT ULA AND TAMBAR ARE BEING EVALUATED, AND ODA DEVELOPMENT IS ONGOING​.‍TAMBAR RE-DEVELOPMENT IS WELL UNDERWAY, EXPECTING FIRST OIL IN 2018​.2018 ‍CAPEX SEEN AT AROUND USD 1.3 BILLION​.2018 EXPEX SEEN AT AROUND USD 350 MILLION​.2018 DECOM EXPENDITURE SEEN AT AROUND USD 350 MILLION​.  Full Article

‍Aker BP produced 135,600 boe per day in Q4 2017, in line with guidance
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Aker Bp Asa ::AKERBP: FOURTH QUARTER 2017 PRODUCTION.‍AKER BP ASA PRODUCED 135.6 THOUSAND BARRELS OF OIL EQUIVALENTS PER DAY («MBOEPD») IN Q4 2017​.‍FOR YEAR 2017, COMPANY'S PRODUCTION AVERAGED 138.8 MBOEPD, IN LINE WITH LATEST GUIDANCE.  Full Article

BP Awards Jacobs Phase 2 Of Gas Project In Oman
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Jacobs Engineering Group Inc ::BP AWARDS JACOBS PHASE 2 OF THE KHAZZAN TIGHT GAS PROJECT IN THE SULTANATE OF OMAN.JACOBS ENGINEERING - ‍SELECTED BY BP TO PROVIDE ENGINEERING, PROCUREMENT,CONSTRUCTION MANAGEMENT SERVICES FOR PHASE 2 OF KHAZZAN PROJECT IN OMAN.  Full Article

ArcLight Capital Buys Interest In Deepwater Perdido Platform From BP
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - ArcLight Capital Partners::ARCLIGHT CAPITAL ACQUIRES INTEREST IN DEEPWATER PERDIDO PLATFORM FROM BP.AN AFFILIATE ACQUIRED 26.5% NON-OPERATED INTEREST IN PERDIDO REGIONAL HOST FROM BP EXPLORATION & PRODUCTION.  Full Article

BP Plc announces estimated impact on BP results due to US tax changes
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - BP Plc ::‍US TAX CHANGES - ESTIMATED IMPACT ON BP RESULTS​.‍EXPECTS FUTURE US AFTER-TAX EARNINGS TO BE POSITIVELY IMPACTED BY RECENTLY-ENACTED CHANGES TO US CORPORATE TAXES.‍ULTIMATE IMPACT OF CHANGE IN US CORPORATE INCOME TAX RATE IS SUBJECT TO A NUMBER OF COMPLEX PROVISIONS IN LEGISLATION WHICH BP IS REVIEWING​.‍CURRENT ESTIMATED IMPACT WILL BE ONE-OFF NON-CASH CHARGE TO GROUP INCOME STATEMENT OF AROUND $1.5 BILLION THAT WILL IMPACT BP'S Q4 2017 RESULTS​.‍LOWERING OF US CORPORATE INCOME TAX RATE TO 21% REQUIRES REVALUATION OF BP'S US DEFERRED TAX ASSETS AND LIABILITIES​.  Full Article

BP To Invest $200 Mln In Lightsource Over 3 Years For 43 Pct Stake
Friday, 15 Dec 2017 

Dec 15 (Reuters) - BP Plc ::BP TO INVEST $200M IN LIGHTSOURCE OVER THREE YEARS FOR A 43% STAKE IN THE BUSINESS‍​.LIGHTSOURCE TO REBRAND AS LIGHTSOURCE BP‍​.‍WILL PAY LIGHTSOURCE $50MILLION ON COMPLETION OF AGREEMENT, WITH BALANCE PAID IN INSTALMENTS OVER THREE YEARS​.LIGHTSOURCE WERE ADVISED BY ROTHSCHILD, WHITE AND CASE, DELOITTE AND BAKER & MCKENZIE.  Full Article

BP says Consulting With Lawyers After Australian Watchdog Blocks Woolworths Deal
Wednesday, 13 Dec 2017 

Dec 14 (Reuters) - BP Plc ::ACKNOWLEDGES ANNOUNCEMENT BY AUSTRALIAN COMPETITION AND CONSUMER COMMISSION THAT IT INTENDS TO OPPOSE PROPOSED ACQUISITION OF WOOLWORTHS’ RETAIL FUEL BUSINESS."REMAIN CONFIDENT,WITH APPROPRIATE DIVESTMENTS AS OFFERED BY BP,WOOLWORTHS' RETAIL FUEL BUSINESS DEAL WOULD NOT SUBSTANTIALLY LESSEN COMPETITION‍​".CURRENTLY CONSULTING WITH LAWYERS TO DETERMINE NEXT STEPS AFTER ACCC INTENDS TO OPPOSE PROPOSED ACQUISITION OF WOOLWORTHS' RETAIL FUEL BUSINESS.  Full Article

UPDATE 2-No oil majors win contracts in Iraq oil licensing round

BAGHDAD, April 26 Iraq failed to attract investment from the top global energy companies in its oil and gas exploration/development contract auction on Thursday, with no major firms winning any bids and only Italy's Eni submitting an offer.