Vintage illustration of Colossus of Rhodes one of the Seven Wonders of the Ancient World. The … [+] Colossus of Rhodes was a statue of the Greek sun-god Helios, erected in the city of Rhodes, on...
Tag: bp
Can Great Lakes Dredge & Dock (GLDD) Turn It Around In 2023?
Shares of Great Lakes Dredge & Dock (GLDD) sank more than 20% to start today’s trading session after the company reported much weaker-than-expected 2022 Q4 results this morning. Specifically, cont...
Improving Bidding Activity Has Great Lakes Dredge & Dock (GLDD) Poised For Better Profit Performance Ahead
Shares of Great Lakes Dredge & Dock (GLDD) sank more than 20% to start today’s trading session after the company reported much weaker-than-expected 2022 Q4 results this morning. Specifically, cont...
Not So Fast, Euro Major BP Reconsiders Pace Of Energy Transition
BP announced it had reconsidered its ambitious zero carbon goals after rising oil prices delivered … [+] strong second-quarter profits. (Photo by Matt Cardy/Getty Images) Getty Images How much c...
Big Oil’s Big Paradox: Record Profits, Low Stock Valuations
Big Oil has never been more profitable, but it has hardly ever been a smaller part of the stock market. That’s enough to make industry executives feel unappreciated. “We’re grossly undervalued,” says ...
BP’s 2022 Earnings Round Out A Record Year For Oil Majors
BP CEO Bernard Looney speaks during an event in London on February 12, 2020, where he declared the … [+] company’s intentions to achieve “net zero” carbon emissions by 2050. (P...
BP Posts Record Profits In 2022. Should You Buy Its Shares Today?
Photo by Oli Scarff/Getty Images Getty Images BP’s share price was the leading riser on the FTSE 100 on Tuesday following the announcement of record profits in 2022. At 507p per share the oil major wa...
BP Boasts Record Profits As Oil Giants Report Historic Windfalls
Topline British energy giant BP on Tuesday reported its highest-ever annual profits, the latest in a series of bumper earnings reports from oil and gas companies reaping the rewards of soaring energy ...
BP May Cut Renewable Energy Spending. Its Stock Could Catch Exxon, Chevron.
BP stock was heading higher Wednesday morning after the Wall Street Journal reported that the European oil giant was planning to narrow its investments in renewable energy. The former British Petroleu...
BP Cuts Long-Term Oil and Gas Demand Outlook. It’s Good News for Renewables.
BP lowered its long-term oil and gas demand outlook as it said Russia’s war in Ukraine will accelerate the global shift toward renewable energy in a report Monday. In its 2023 energy outlook, the Brit...
The Carbon Credit Market Confuses The Corporate World
AUSTRALIA – FEBRUARY 27: The Mossman River in the Daintree Rainforest, Queensland, Australia. … [+] (Photo by Tim Graham/Getty Images) Tim Graham/Getty Images Many of the carbon credits us...
BP and Shell vs. Exxon and Chevron: The Mystery of Big Oil’s P/E Gap
Last year, global oil companies boomed. BP and Shell both based in London, saw share prices rise some 40% in 2022 and trade at five times forward earnings. U.S.-based Exxon Mobil soared nearly 80% and...
BP and Shell Are a Buy in 2023. Why They’re Cheaper Than U.S. Oil Giants.
It was a great year for oil companies such as Exxon Chevron Shell and BP But the giants of European energy are still trading at significantly lower valuations than their American counterparts, which m...
This Giant Oil ETF Is Seeing Phenomenal Returns. Why It’s Far Outpacing the Price of Oil.
Shares of the United States Oil Fund surged last week, capping a phenomenal run in recent weeks that far outpaced meager gains in the price of oil. USO (ticker: USO), which holds over $2 billion in as...
U.S. Unleashes Chevron. Oil Major To The Rescue In The Energy Crisis
CARACAS, VENEZUELA – MARCH 23: Men wearing a protective masks walk in Petare slum on March 23, 2020 … [+] in Caracas, Venezuela. While Nicol·s Maduro declared national quarantine, the inte...
Dow ends nearly 400 points higher as investors await Fed minutes
U.S. stocks ended higher Tuesday as traders gauged the impact of fresh COVID-19 restrictions in China and awaited Wednesday’s minutes from the most recent Federal Reserve meeting. How are stocks are t...
BP Buys Renewable Natural-Gas Company in $4.1 Billion Deal
By Chris Wack Oct. 17, 2022 8:17 am ET Listen to article (1 minute) Archaea Energy said Monday it is being bought by BP PLC for $26 a share in cash, or a total enterprise value of $4.1 billion, includ...
Archaea Energy stock soars 51% premarket on news of takeover by BP in $4.1 billion all-cash deal
Archaea Energy Inc. LFG, -4.90% said Monday it has entered an agreement to be acquired by BP PLC BP, -2.63% for about $4.1 billion in cash including about $800 million of debt. The cash consideration ...
BP Stock Regains Some Ground After Fire at Refinery Leaves Two Dead
Text size BP is the operator at the Toledo, Ohio refinery where two workers died in an accident on Wednesday. Greame Robertson/Getty Images Shares of oil giant BP (ticker: BP) retraced some of their l...
Last Twenty Years Clarifies Call For Windfall Profits Tax.
Senator Bob Dole (Republican – Kansas) proposed a windfall profits tax tied to inflation circa 1980. Bettmann Archive When profits reported by oil and gas companies are big, they can be really b...
Stock Market Today: Dow Futures Slip as Pelosi Goes to Taiwan, BP Stock Surges
Text size House Speaker Nancy Pelosi is set to arrive in Taiwan Tuesday. Chip Somodevilla/Getty Images Stocks were slipping Tuesday amid rising geopolitical tensions, as House Speaker Nancy Pelosi is ...
The U.S. Is Still The World’s Top Oil Producer
ODESSA, TEXAS – MARCH 13: An oil pumpjack setup in a residential neighborhood pulls oil from the … [+] Permian Basin oil field on March 13, 2022 in Odessa, Texas. The Permian Basin is the ...
TotalEnergies, Equinor, and Other Oil Companies With Attractive Dividends
Equinor, TotalEnergies, and Repsol are up sharply this year—but their solid dividend outlooks make them worth hanging onto. Even Kleppa/Oyvind Gravas, Woldcam AS Text size Some of Europe’s lesser-know...
Russia’s Invasion Kills Nord Stream 2 And Gives Rise To Renewables
TOPSHOT – The body of a Russian serviceman lies near destroyed Russian military vehicles on the … [+] roadside on the outskirts of Kharkiv on February 26, 2022, following the Russian invas...
Opinion: 4 reasons you should buy energy stocks right now if you are a long-term investor
This has been a painful year for stock market investors, as nothing seems to be working. There is an exception: Energy. It’s the best-performing sector and might still be a bargain for those who can b...