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LON100:BP, Oct 25, 04:31 UTC

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Friday, October 23


News

Here’s what I think nuclear fusion news means for BP

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Fusion has always been a potential game changer for the energy sector, which has long been dominated by companies like BP (LSE: BP). If successful, nuclear fusion can provide practically limitless energy that’s clean, abundant, and that doesn’t produce radioactive waste. Given that fusion doesn’t emit carbon, it would be a ‘game changer’ for the fight against global warming too. While in the past, fusion was always ‘many years away’ and an aspirational tech, it now looks like fusion technology has a good probability of being viable sooner than expected. Given its transformative potential, I think if fusion becomes commercially viable, it will increase competition for all other forms of energy that generate electricity for distribution. For BP, that means potentially more competition for its natural gas and renewable energy operations. Other big oil companies like Eni already own a part of the MIT-associated scientists’ start-up, named Commonwealth Fusion Systems, for example. If BP transitions into fusion in a big way, I think its valuation could potentially benefit given that many may come to think of it as a ‘tech stock’ too.

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News

Arco CEO Danced on TV to Aid Los Angeles Library

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He steered Arco through the mid-1980s oil bust, turned its gas-station network into a leader on the West Coast and made the company one of the most profitable in the oil industry. When a 1986 fire destroyed hundreds of thousands of books at the Central Library in Los Angeles, he helped raise more than $10 million to restore or replace them. “The first call came from a friend of mine who said he’d pledge $1,000 if I’d quit,” Mr. Cook said later. Lodwrick Monroe Cook III was born June 17, 1928, and grew up in the hamlet of Grand Cane, about 35 miles south of Shreveport. As a boy, he helped out at the family’s general store. “I always grabbed onto every training program the company offered,” he told the Los Angeles Daily News in 1995. As oil prices fell in the mid-1980s, his first task as CEO was to chop costs and retrench.

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wsj.com
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News

This is what I'd do about the BP share price - The Motley Fool UK

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This is what I’d do about the BP share price. I think the BP share price is attractive at 200p because the potential rewards outweigh the risks. However, I don’t think the kind of investor it traditionally attracted would agree with me. Think of dividend yields like interest rates on loans: the more reliable borrower gets a lower interest rate. As the Great Recession of 2007/09 unfolded, BP’s dividend yield increased, reflecting increased risk. Eventually, it cut its dividend, and the yield fell. But despite starting to increase the dividend payment again and then maintaining it all the way into 2020, the yield rose, and stayed high, only dipping below 5% briefly in late 2019. BP would swap volatile oil returns for a steady 8%-10% one on renewables projects, and markets would price its shares more favourably if it goes green. But there are significant risks involved in pivoting away from oil as you invest in what is still a young renewables industry. But I think investors who have a 10-year or so horizon, and can take the risk of missing dividend payments might find that 8% yield appealing.

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Tuesday, October 20


News

Arcos Dorados Holdings Inc. (NYSE:ARCO) Stock is Plummeting, Here is Why

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To add more color to this target, the company’s high over the last... Arcos Dorados Holdings Inc. (ARCO) shares are trading at lower $4.09 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $6.52. Over the last 52 weeks, ARCO is down -42.28% while the S&P 500 is up 14.78%. Arcos Dorados Holdings Inc. also saw revenues decrease to $292.52 million. Sign-up for continuing coverage on shares of ARCO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

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Story Sources

oracledispatch.com
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Ex-stink-tion Rebellion: campaigners dump manure outside BP offices in Aberdeen

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Sending a message: an Extinction Rebellion campaigner beside one of the dumped mounds of manure outside BP's Aberdeen offices Photo: EXTINCTION REBELLION. Ex-stink-tion Rebellion: campaigners dump manure outside BP offices in Aberdeen. Campaign group sends smelly message to UK supermajor during protest in Scottish oil capital. Environmental campaigners from Extinction Rebellion dumped mounds of manure outside the North Sea headquarters of BP in Aberdeen on Tuesday.

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Automotive Engine Oil Market to Reach 876.17 million L by 2024, Adolf Wurth GmbH & Co. KG and BP Plc Emerge as Key Contributors to Growth

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The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Adolf Würth GmbH & Co. KG, BP Plc, Chevron Corp., China Petroleum & Chemical Corp., Exxon Mobil Corp., MOTUL SA, Petroliam Nasional Berhad, Royal Dutch Shell Plc, TOTAL SA, and Valvoline Inc. are some of the major market participants. What are the key market drivers and challenges? Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

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Monday, October 19


News

BP stock: why I think it’s a buy for the long term

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Nevertheless, I think the bad news is priced in and although the company faces a number of headwinds, BP stock still has value. BP has a profitable downstream unit, for example. For the second quarter of 2020, this reported underlying cost profit before interest and taxes of $1.4bn, in line with the same metric for the second quarter of 2019. Going forward, the unit could still be attractive. Even if oil demand declines, the world will still need refined products that BP makes. BP has some advantages over many of its renewable energy competitors and given its existing scale, it can do larger deals that might be more attractive. If the market sees the company making meaningful progress in the sector, it could improve sentiment around BP stock.

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Friday, October 16


News

Exclusive: BP may cut oil supply to Caribbean refinery if it stays idle - sources

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(Reuters) - The problem-plagued Limetree Bay refinery in St. Croix, Virgin Islands, may lose its main supplier of crude, oil major BP, if it isn't successfully up and running by December, according to two people familiar with the matter. The Caribbean refinery's owner, Limetree Bay Ventures, has spent at least $2.7 billion restoring the facility, initially hoping to tap rising demand for low-sulfur fuels and markets in Latin American and Caribbean. But the plant's restart date has been delayed by nearly a year now. BP can terminate that contract if the plant cannot reach a certain production target by year-end, the people said, threatening the future of the largest new refining capacity in the Americas. At least one vessel carrying crude oil booked by BP has been moored outside the refinery since the end of August, waiting to unload crude loaded from Guyana, according to two sources and data from Refinitiv Eikon.

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uk.reuters.com
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News

Exclusive: BP may cut oil supply to Caribbean refinery if it stays idle - sources

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(Reuters) - The problem-plagued Limetree Bay refinery in St. Croix, Virgin Islands, may lose its main supplier of crude, oil major BP, if it isn't successfully up and running by December, according to two people familiar with the matter. The Caribbean refinery's owner, Limetree Bay Ventures, has spent at least $2.7 billion (£2 billion) restoring the facility, initially hoping to tap rising demand for low-sulfur fuels and markets in Latin American and Caribbean. But the plant's restart date has been delayed by nearly a year now. BP can terminate that contract if the plant cannot reach a certain production target by year-end, the people said, threatening the future of the largest new refining capacity in the Americas. At least one vessel carrying crude oil booked by BP has been moored outside the refinery since the end of August, waiting to unload crude loaded from Guyana, according to two sources and data from Refinitiv Eikon.

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Thursday, October 15


News

BP raises $500 million from sale of UK petrol station leases

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BP raises $500 million from sale of UK petrol station leases. LONDON (Reuters) - BP <BP.L> has raised £400 million ($517 million) from the sale of a stake in land leases of 199 British petrol stations to a UK pension fund. The Universities Superannuation Scheme (USS) acquired a 49% of the freehold leases, USS said in a statement dated Oct. 7. BP aims to sell $25 billion in assets by 2025, around half of which it says have been sold or agreed on, in order to reduce a ballooning debt pile and pay for its plans to rapidly grow its renewables business.

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