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LON100:BP, Jun 25, 06:35 UTC

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Does BP Have Weaker Financials than Its Peers?

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BP’s (BP) has the highest percentage of debt in its capital structure. In the first quarter, BP’s total debt-to-capital ratio stood at 43%, the highest among its peers. ExxonMobil (XOM) and Chevron (CVX) had lower ratios of 17% and 18%, respectively.

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Does the BP plc share price offer long-term growth potential?

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The performance of the BP plc (LON:BP) (BP.L) share price could continue to be volatile in the near term in my opinion. This could impact on the supply growth in oil, while demand growth may be affected by economic data. Indeed, I was reading this week about the world’s first prototype electric plane that is expected to cut fuel costs by as much as 90%. While I think new technology does threaten the growth prospects for oil and gas companies, I am of the view that it will prove to be an evolution rather than a revolution. Although 30% of vehicles sold in 2030 across the world are expected to be electric, the potential for rising car ownership across the emerging world in particular could mean that demand for oil remains high. Further, long-haul air travel is unlikely to be fully electrified for many years in my opinion due to a lack of battery power. Therefore, I feel that BP could offer investment appeal even over the long run.

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investomania.co.uk
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Wednesday, June 19


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BP urges U.S. EPA to work with automakers to improve vehicle fuel efficiency

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BP urges U.S. EPA to work with automakers to improve vehicle fuel efficiency. WASHINGTON (Reuters) - BP PLC has urged the head of the U.S Environmental Protection Agency to keep working with automakers to improve vehicle fuel efficiency as the Trump administration considers freezing the requirements at 2020 levels, according to a copy of a letter seen by Reuters. BP, which has made investments in making cleaner fuels, told EPA Administrator Andrew Wheeler that it appreciates the need to balance efficiency with vehicle safety and affordability, the June 13 letter said, adding BP wanted to find a path that "effectively balances these issues and continues the impressive trajectory of efficiency improvements" already seen in engines.

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Monday, June 17


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BP launches 'Thank You Button' campaign to help Kiwis praise other motorists

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BP launches 'Thank You Button' campaign to help Kiwis praise other motorists. A recent survey commissioned by BP found that more than 70 per cent of Kiwis have been on the receiving end of road rage in the past year. That finding prompted the petrol company to try and do something about it by launching a "Thank You Button" campaign. Now, anyone who spends over $60 at their local BP, excluding tobacco products, will be given a digital green thumbs up button that can be placed on the back window of their car.

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tvnz.co.nz
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Friday, June 14


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Here’s What Hedge Funds Think About BP plc (BP)

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Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to invest a greater amount of their resources in small-cap stocks than big brokerage houses, and this is often where they generate their outperformance, which is why we pay particular attention to their best ideas in this space. On the other hand, there were a total of 28 hedge funds with a bullish position in BP a year ago. So, let's find out which hedge funds were among the top holders of the stock and which hedge funds were making big moves. Unfortunately BP wasn't nearly as popular as these 20 stocks (hedge fund sentiment was quite bearish); BP investors were disappointed as the stock returned -4.8% during the same time period and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 20 most popular stocks among hedge funds as 13 of these stocks already outperformed the market so far in Q2.

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finance.yahoo.com
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Why I’d buy BP shares after tanker attacks push oil prices up

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Why I’d buy BP shares after tanker attacks push oil prices up. Shares of BP (LSE: BP) have been trading in a narrow range for weeks and its performance since the beginning of the year is positive with an increase of about 6% despite the recent fall in oil prices. When the news of the attack on oil tankers in the Gulf of Oman was announced on Thursday, the share price briefly reached the lowest point in the range at £5.23 before recovering quickly. The price of crude oil has fallen by about 20% since its April peak, due to fears of a slowdown in the global economy caused by growing trade tensions between the US and China. At the current share price of £5.37, BP is valued at about 14 times its earnings, below its US rivals Exxon Mobil and Chevron with a P/E ratio of about 17.

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More Greenpeace activists climb on BP drilling rig after arrests

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LONDON, June 14 (Reuters) - Greenpeace activists climbed back on a drilling rig on Friday to keep it from heading to a BP oilfield in the British North Sea, hours after police removed protesters who had boarded the vessel days earlier. "We can’t give up and let oil giants carry on with business as usual because that means giving up on a habitable planet and our kids’ future," said Greenpeace UK’s executive director, John Sauven. Police have arrested nine people in connection with the protest, Scottish police said, adding they were working with the operators of the rig to reach a "safe resolution to the continuing protest". "BP supports debate, discussion and peaceful demonstration, but the irresponsible actions of this group are putting themselves and others unnecessarily at risk, while ignoring court orders and police action," the company said.

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Wednesday, June 12


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BP raises Saudi oil reserves 12% in first big change in 30 years, Energy News, ET EnergyWorld

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LONDON: BP has raised estimates for Saudi Arabia's crude oil reserves by 12 per cent, marking the first major change to the country's estimated reserves since 1989. In its benchmark 2019 Statistical Review of World Energy, BP recalibrated some Saudi gas reserves as oil, allowing Riyadh to close in on Venezuela's top spot as the world's largest reserves holder. The increase came after Saudi Arabia started separate reporting of oil, gas and natural gas liquids (NGL) reserves, BP Chief Economist Spencer Dale told reporters. BP also said oil reserves for the United States, which became the world's top producer in 2018, were revised upwards by 22 per cent to 61.2 billion barrels from 50 billion barrels at the end of 2017.

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Tuesday, June 11


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The Five Key Global Trends in BP's Annual Energy Data Dump

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(Bloomberg) -- BP’s Annual Statistical Review of World Energy has tracked the ups and downs of the global energy system for more than 50 years. Global carbon emissions jumped the most in seven years in 2018 as energy demand surged, indicating the world is falling behind in its efforts to rein in climate change. The U.S. had the biggest one-year gain in oil and gas production posted by any country in history. Even Saudi Arabia never managed to add 2.2 million barrels a day of crude output in a single year. ...and Asia consumption. Asia’s two economic giants, China and India, continued to drive the jump in energy demand (and carbon emissions) as more air conditioners, TVs and refrigerators boosted electricity consumption.

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finance.yahoo.com
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BP’s Earnings Are Expected to Fall 8% in 2019

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Which Integrated Energy Companies' Earnings Could Jump in 2019?(Continued from Prior Part)BP’s earnings estimateBP (BP) is a British integrated energy company with downstream, upstream, and Rosneft segments. BP’s earnings are expected to fall 8%.

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