ＢＰ

Uber shares rose almost 2% Friday as the ride-hailing leader benefitted from a new partnership that will provide incentives to drivers who us BP hubs to charge their electric cars.

Rolls-Royce Holdings (RYCEY) (RYCEF) on Friday named BP executive Helen McCabe as its next CFO, replacing Panos Kakoullis

The latest oil and gas lease sale for acreage in federal waters in the Gulf of Mexico gathered nearly $264 million in high bids. The post Chevron, ExxonMobil, BP and Shell among highest bidders in Gulf of Mexico oil & gas lease sale appeared first on Offshore Energy .

BP is to help drivers on Uber’s platform make the switch to EVs by providing access to its high-speed charging network and special offers. The agreement, … Read More » The post BP to help Uber drivers shift to EVs with global charging support appeared first on Fleet World .

https://www.investing.com/news/stock-market-news/uber-drivers-to-get-incentives-for-charging-vehicles-at-bp-hubs-3046281

France''s TotalEnergies SE doubled its profits in 2022, joining other international oil and gas companies in fattening their bottom lines as high energy prices surged after Russia''s invasion of Ukraine. Adjusted net income rose to USD 36.2 billion, up from USD 18.1 billion in 2021, the company said Wednesday. Earnings benefited from robust refinery use that let the company capture high profits for turning crude into other fuel products. The figures looked different under international accounting rules that included write-offs on Total''s assets in Russia, where doing business has been severely complicated by Western sanctions over the war. Under IFRS accounting standards, net profit was USD 20.5 billion, lower than the adjusted profit figure because it included USD 15 billion in write-offs on its Russian businesses. Big oil company profits have led to calls for governments to tax more of those gains as households and businesses face higher utility bills. Energy giants Shell, BP and

The economic recovery from the COVID-19 pandemic and Russia’s invasion of Ukraine sent oil prices skyrocketing this year, bringing extremely high profits to energy companies. In recent weeks, companies including ExxonMobil, Chevron, Shell and BP reported billions of dollars in 2022 profits, many of which broke records. The announcements spurred political backlash, including from the…

The business slashed its target to cut emissions by the end of this decade despite 23bn profits last year.

Good afternoon, Chicago. Here''s what is happening today.

In an interview with Barron''s, Bernard Looney says the new strategy ''fits with giving the world what it wants and needs.''

Russian oil production is falling. In March, it shed half a million bpd, which by the end of April reached a full 1 million bpd, according to BP’s CEO, Bernard Looney. And this may well grow to 2 million bpd this month. These barrels may not be returning to the market any time soon. As the European Union targeted a barrage of sanctions on Moscow, oil was excluded as a direct target but financial and maritime sanctions affected the industry. Now, the EU is proposing a full oil embargo, save for a handful of member states too dependent on Russian…

Goldman Sachs revises its FOMC July forecast to +50bps from +25 The close: US stock markets rip higher as Powell rules out 75 basis point hike Nasdaq ticks above 100 hour MA. Move above and stay above would give the buyers confidence Beaten-down risk assets were just tossed a life raft. They need to grab it US 2-year yields fall 10 basis points as Powell dials back rate hike expectations USD moves lower as Chair says sees 50 bp hikes at the next 2 meetings Powell Q&A: Powell: We are not actively considering 75 bps rate hikes Powell opening statement: Inflation is much too high FOMC statement from the May 2022 meeting: Fed hikes by 50bps Federal Reserve hikes rates by 50 basis points, as expected For reference: The previous FOMC statement (and some memes) EU oil ban speculation puts crude oil on the brink of a break Why wages can rise without sparking inflation Atlanta Fed GDPNow estimate for 2Q growth rises to 2.2% Treasury Secretary Yellen: Inflation is too high. Necessary to bring it down European stocks stumble ahead of the FOMC decision US weekly EIA oil inventories +1302K vs -829K expected US 10-year yields rise back above 3% ISM April US services index 57.1 vs 58.5 expected Martin Schlegel appointed to SNB US international trade balance for March -109.8B vs. 107.0 billion estimate Canada March trade balance +2.490B vs +3.90B expected ADP employment +247K vs +395K expected The AUD is the strongest and the CHF is the weakest as NA traders enter for the day The markets - at least for today - breathed a sigh of relief as Fed Chair Powell took 75 basis points off the table, but did say that 50 bp hikes are in play for the next two meetings and that inflation is still much too high.

Nollywood actor and comedian, Emeka Okoye has revealed blood pressure as the cause of death of veteran actor David Osagie who died at the wee hours on Wednesday. Naija News understands that Okoye, who is popular for his role in Funke Akindeke’s series Jenifa’s Diary as Papa Pepe, made this revelation while mourning the late veteran actor. It would be recalled that late David Osagie, popularly known as Sir David, died after filming on set. According to Ngozi Ezehwho, who confirmed his death, he was not sick, but slept and didn’t wake up the following day. Mourning the veteran actor, Emeka Okoye wrote; ”Not Again Death. Why Mr david Osagie. This is an eye opener for me and for all Actors to take care and monitor their blood pressure and body n general. I remember early this year, I would have been old story, if not for my Good colleagues friends who had to force me to go check my BP which was over when check. I had to take bed rest. For a while. Our acting work demands so much from our body.

Wells Fargo has decided to maintain its Underweight rating of BP (NYSE: BP ) and raise its price target from $29.00 to $31.00. Shares of BP are trading up 0.16% over the last 24 hours, at $31.23 per share. A move to $31.00 would account for a 0.74% decline from the current share price. About BP BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2021, it produced 1.1 million barrels of liquids and 6.5 billion cubic feet of natural gas per day. At end-2020, reserves stood at 7.9 billion barrels of oil equivalent, … Full story available on Benzinga.com

Oil majors Shell and BP rose nearly 0.5% each as crude prices bounced after the European Union, the world''s largest trading bloc, spelled out plans to phase out imports of Russian oil, which offset worries about demand in top crude importer China. Investors expect the Fed to hike rates by half a percentage point later in the day and detail plans to reduce the U.S. central bank''s $8.9 trillion balance sheet.