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BP PLC (BP.L)

BP.L on London Stock Exchange

586.30GBp
18 May 2018
Change (% chg)

2.30 (+0.39%)
Prev Close
584.00
Open
582.50
Day's High
587.00
Day's Low
581.00
Volume
34,580,175
Avg. Vol
35,525,259
52-wk High
587.00
52-wk Low
436.91

Latest Key Developments (Source: Significant Developments)

BP And Alaska Gasline Development Corp Sign Binding Gas Sales Precedent Agreement
Tuesday, 8 May 2018 

May 7 (Reuters) - Alaska Gasline Development Corp::BP AND ALASKA GASLINE DEVELOPMENT CORPORATION SIGN BINDING GAS SALES PRECEDENT AGREEMENT.BP COMMITS TO SELL GAS TO ALASKA LNG PROJECT.CO, BP ANTICIPATE FINALIZING DEAL IN 2018 FOR AGDC TO BUY BP ALASKA’S SHARE OF 30 TCF OF GAS FROM THE PRUDHOE BAY, POINT THOMSON UNITS."LOOK FORWARD TO CONTINUED NEGOTIATIONS TO SECURE SUPPLY FROM OTHER NORTH SLOPE PRODUCERS".  Full Article

BP CFO Gilvary says debt will decline throughout year
Tuesday, 1 May 2018 

May 1 (Reuters) - BP PLC CFO Brian Gilvary said during a conference call following first quarter earnings::BP CFO GILVARY SAYS EXPECTS COMPANY TO BREAKEVEN IN 2018 AT BRENT CRUDE OIL PRICE OF $54 A BARREL.BP CFO GILVARY SAYS NOT SEEING ANY SIGNS OF INFLATION IN UPSTREAM COSTS YET.BP CFO GILVARY SAYS BOARD MIGHT CONSIDER DIVIDEND INCREASES LATER THIS YEAR.BP CFO GILVARY SAYS NET DEBT WILL NATURALLY DECLINE THROUGHOUT THE YEAR WITH HIGHER OIL PRICES.  Full Article

BP Posts 71 Pct Jump In Q1 Profit
Tuesday, 1 May 2018 

May 1 (Reuters) - BP PLC ::Q1 UPSTREAM UNDERLYING REPLACEMENT COST PROFIT BEFORE INTEREST, TAX $3,157 MILLION VERSUS $1,370 MILLION AS REPORTED YEAR AGO.Q1 DOWNSTREAM UNDERLYING REPLACEMENT COST PROFIT BEFORE INTEREST, TAX $1,826 MILLION VERSUS $1,742 MILLION AS REPORTED YEAR AGO.Q1 UNDERLYING REPLACEMENT COST PROFIT OF $2,586 MILLION VERSUS. PROFIT OF $1,510 MILLION AS REPORTED YEAR AGO.Q1 REPLACEMENT COST PROFIT OF $2,389 MILLION VERSUS. PROFIT OF $1,412 MILLION AS REPORTED YEAR AGO.PRODUCTION FOR QUARTER WAS 2,605MBOE/D, 9.1% HIGHER THAN Q1 OF 2017..Q1 REPLACEMENT COST PROFIT PER SHARE OF 11.99 CENTS.Q1 OPERATING CASH FLOW, EXCLUDING PAYMENTS RELATED TO GULF OF MEXICO OIL SPILL, OF $5.4 BILLION.Q1 TOTAL REVENUES AND OTHER INCOME OF $69,143 MILLION VERSUS. $56,386 MILLION AS REPORTED A YEAR AGO.Q1 UNDERLYING REPLACEMENT COST PROFIT PER SHARE OF 12.98 CENTS.Q1 UNDERLYING REPLACEMENT COST PROFIT ESTIMATE OF $2.2 BILLION - COMPANY COMPILED ESTIMATES.UNDERLYING PRODUCTION FOR QUARTER INCREASED BY 13.8%, DUE TO RAMP-UP OF MAJOR PROJECTS..Q1 NET CASH PROVIDED BY OPERATING ACTIVITIES OF $3,646 MILLION VERSUS. $2,114 MILLION AS REPORTED A YEAR AGO.ANNOUNCED A QUARTERLY DIVIDEND OF 10.00 CENTS PER ORDINARY SHARE ($0.600 PER ADS), WHICH IS EXPECTED TO BE PAID ON 22 JUNE 2018.EXPECT Q2 REPORTED PRODUCTION TO BE LOWER THAN Q1 REFLECTING EXPIRATION OF ABU DHABI OFFSHORE CONCESSION AND SEASONAL TURNAROUND AND MAINTENANCE ACTIVITIES.  Full Article

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 shareholders approve CEO's pay

MANCHESTER, May 21 BP shareholders on Monday approved Chief Executive Bob Dudley's 2017 remuneration package by a more than 96 percent majority.