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BP PLC (BP.L)

BP.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

BP plans to invest $2 bln in Egypt in 2019 - newspaper
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - BP North Africa Regional President Hesham Mekawi, in an interview with local newspaper al-Shorouk, says::BP plans to invest $2 billion in Egypt in 2019..BP invested $2.5 billion in Egypt in 2018, $4 billion in 2017..BP expects to start production from two fields, Giza and Fayoum, in the West Nile Delta before the end of 2018..  Full Article

Sempra Energy's Subsidiary Ienova, BP Sign Contract For Liquid Fuels Terminal In Baja California, Mexico
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Sempra Energy ::SEMPRA ENERGY'S SUBSIDIARY IENOVA, BP SIGN CONTRACT FOR LIQUID FUELS TERMINAL IN BAJA CALIFORNIA, MEXICO.SEMPRA ENERGY - BP WILL HAVE STORAGE CAPACITY OF 500,000 BARRELS OF LIQUID FUELS TO SUPPLY ITS GROWING NETWORK OF SERVICE STATIONS IN NORTHERN MEXICO.SEMPRA ENERGY - CO'S MEXICAN UNIT SIGNED CONTRACT WITH BP FOR REMAINING 50 PERCENT OF INITIAL CAPACITY OF PROPOSED BAJA REFINADOS LIQUID FUELS MARINE TERMINAL.SEMPRA ENERGY - BP WILL HAVE OPTION TO ACQUIRE UP TO 25 PERCENT OF TERMINAL'S EQUITY AFTER COMMERCIAL OPERATIONS BEGIN IN H2 2020.  Full Article

Serica Energy Agrees With BP To Extend Completion Timetable For BKR Deal
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Serica Energy Plc ::AGREED WITH BP TO EXTEND COMPLETION TIMETABLE FOR BKR TRANSACTION FOR ONE MONTH UNTIL EARLY NOVEMBER 2018.TERMS OF BP TRANSACTION AND RELATED TRANSACTION WITH TOTAL REMAIN UNCHANGED.  Full Article

Russia's Rosneft recommends H1 dividend of 14.58 rbls per share
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Russia's largest oil producer Rosneft says: :The board of directors recommended a first half dividend of 14.58 roubles per share, representing 50 percent of the company's IFRS net profit;.Rosneft's dividend payment to company shareholders will total 154.5 billion roubles ($2.3 billion);.The board of directors approved a call to hold an extraordinary General shareholders meeting (EGM) on Sept. 28;.The record date for Rosneft's EGM is Sept. 3 (by close of business).  Full Article

BP Plc says Qtrly Production rose 1.4 Pct to 2,465 Mboe/D
Tuesday, 31 Jul 2018 

July 31 (Reuters) - BP Plc ::QTRLY TOTAL REVENUE & OTHER INCOME $76,907 MILLION VERSUS $57,366 MILLION REPORTED LAST YEAR.PRODUCTION FOR QUARTER WAS 2,465 MBOE/D, 1.4 PCT HIGHER THAN Q2 OF 2017.SAYS UNDERLYING REPLACEMENT COST PROFIT FOR THE Q2 OF 2018 WAS $2.8 BILLION – FOUR TIMES THAT REPORTED FOR THE SAME PERIOD IN 2017.UNDERLYING PRODUCTION FOR QUARTER INCREASED BY 9.6 PCT, DUE TO RAMP-UP OF MAJOR PROJECTS.SAYS GULF OF MEXICO OIL SPILL PAYMENTS IN THE QUARTER WERE $0.7 BILLION ON A POST-TAX BASIS.DIVIDEND WAS INCREASED 2.5 PCT TO 10.25 CENTS A SHARE, FIRST RISE SINCE Q3 OF 2014.WITH START-UPS IN AZERBAIJAN, RUSSIA AND EGYPT, THREE OF SIX NEW PROJECTS EXPECTED TO START IN 2018 ARE NOW ONLINE.NET DEBT AT 30 JUNE 2018 WAS $39.3 BILLION, COMPARED WITH $39.8 BILLION A YEAR AGO.SAYS IN DOWNSTREAM, EXPECTS LOWER INDUSTRY REFINING MARGINS FOR Q3.RC PROFIT WAS $4,178 MILLION FOR THE HALF YEAR, COMPARED WITH $1,965 MILLION A YEAR AGO .QTRLY NET CASH PROVIDED BY OPERATING ACTIVITIES $6,306 MILLION VERSUS $4,890 MILLION REPORTED LAST YEAR.SAYS IN DOWNSTREAM, ALSO EXPECTS SIGNIFICANTLY HIGHER LEVELS OF TURNAROUND ACTIVITY IN THE H2, PARTICULARLY AT WHITING REFINERY IN US.RC PROFIT WAS $1,789 MILLION FOR THE SECOND QUARTER, COMPARED WITH $553 MILLION IN 2017.RESULTS INCLUDED A NET NON-OPERATING CHARGE OF $548 MILLION FOR THE SECOND QUARTER.Q2 UNDERLYING REPLACEMENT COST PROFIT ESTIMATE OF $2.7 BILLION – COMPANY COMPILED ESTIMATE.  Full Article

Conocophillips Says Has Entered Into An Agreement To Sell A Conocophillips Subsidiary To BP For An Undisclosed Price
Tuesday, 3 Jul 2018 

July 3 (Reuters) - ConocoPhillips ::PRESS RELEASE - CONOCOPHILLIPS SIGNS AGREEMENTS TO SELL 16.5 PERCENT INTEREST IN THE CLAIR FIELD IN THE UNITED KINGDOM AND ACQUIRE AN ADDITIONAL 39.2 PERCENT INTEREST IN THE GREATER KUPARUK AREA IN ALASKA.CONOCOPHILLIPS - HAS ENTERED INTO AN AGREEMENT TO SELL A CONOCOPHILLIPS SUBSIDIARY TO BP FOR AN UNDISCLOSED PRICE.CONOCOPHILLIPS - ALSO ANNOUNCED HAS ENTERED INTO SIMULTANEOUS AGREEMENTS TO ACQUIRE BP'S 39.2 PERCENT INTEREST IN GREATER KUPARUK AREA.CONOCOPHILLIPS - CO'S SUBSIDIARY TO BE SOLD WILL HOLD A 16.5 PERCENT INTEREST IN BP-OPERATED CLAIR FIELD, WITH CO RETAINING A 7.5 PERCENT INTEREST IN THE FIELD.CONOCOPHILLIPS - ALSO ENTERED INTO SIMULTANEOUS AGREEMENTS TO ACQUIRE BP'S 38 PERCENT INTEREST IN KUPARUK TRANSPORTATION CO FOR AN UNDISCLOSED PRICE.CONOCOPHILLIPS - EXCLUDING CUSTOMARY ADJUSTMENTS, TRANSACTION PRICES UNDER THE DIVESTITURE DEALS ARE EXPECTED TO BE CASH NEUTRAL TO BOTH CO AND BP.  Full Article

BP To Buy UK's Electric Vehicle Charging Company Chargemaster
Thursday, 28 Jun 2018 

June 28 (Reuters) - BP PLC ::BP TO ACQUIRE UK'S LARGEST ELECTRIC VEHICLE CHARGING COMPANY.CHARGEMASTER EMPLOYEES TO CONTINUE TO BE EMPLOYED BY BP CHARGEMASTER OR ITS SUBSIDIARIES. BP CHARGEMASTER WILL OPERATE AS A WHOLLY-OWNED BP ENTITY.  Full Article

Qalaa Holdings Announces Incorporation Of New Company Between Castrol And Taqa Arabia
Sunday, 3 Jun 2018 

June 3 (Reuters) - QALAA HOLDINGS ::ANNOUNCES INCORPORATION OF NEW COMPANY BETWEEN CASTROL AND TAQA ARABIA.CAPITAL OF NEW COMPANY TO BE EGP 20 MILLION.TAQA ARABIA TO HOLD 49 PERCENT STAKE IN NEW COMPANY.  Full Article

BP Says To Cut 3 Pct Jobs Across Upstream Business
Tuesday, 22 May 2018 

May 22 (Reuters) - BP PLC ::INFORMED STAFF OF PLANNED ORGANIZATIONAL CHANGES IN UPSTREAM BUSINESS REGIONS WORLDWIDE.ESTIMATE THAT CHANGES AT UPSTREAM BUSINESS WILL RESULT IN HEADCOUNT REDUCTION OF AROUND 3 PCT ACROSS OUR GLOBAL UPSTREAM BUSINESS.REMAIN COMMITTED TO DEVELOPING UPSTREAM OPPORTUNITIES AND DELIVERING FIVE-YEAR GROWTH STRATEGY.  Full Article

BP To Cut 3 Percent Of Upstream Workforce- FT
Tuesday, 22 May 2018 

May 22 (Reuters) - :BP TO CUT 3 PERCENT OF UPSTREAM WORKFORCE, SAID IT WOULD REDUCE ITS UPSTREAM WORKFORCE BY ABOUT 540 OVER THE COURSE OF THIS YEAR- FT.  Full Article

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In U-turn, Exxon, Chevron to join industry climate initiative

LONDON Exxon Mobil , Chevron and Occidental Petroleum are joining a group of major international oil and gas companies in an initiative aimed at curbing carbon emissions in the sector, they said in a statement on Thursday.