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This BP Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday
Benzinga· 2024-09-24 12:34
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying BP stock? Here's what analysts think: Read Next: ...
BP's Castellon Refinery to Implement 25MW Green Hydrogen System
ZACKS· 2024-09-19 16:11
BP plc's (BP) Castellon refinery in Valencia, Spain, is set to receive 25 megawatts (MW) of proton exchange membrane (PEM) electrolyzer systems from Plug Power Inc (PLUG) . The move comes from a strategic initiative spearheaded by Castellon Green Hydrogen S.L., a joint venture between two energy giants — BP and Iberdrola (IBDRY) . The ambitious project aims to significantly cut carbon emissions by integrating green hydrogen into the refinery's processes. Plug Power, a leading provider of hydrogen solutions, ...
BP Taps ABS for Key Kaskida FPU Services in the Gulf of Mexico
ZACKS· 2024-09-16 12:51
BP plc (BP) ), a leading UK-based energy company, has enlisted American Bureau of Shipping ("ABS") for a range of services related to the floating production unit (FPU) for its Kaskida development in the U.S. Gulf of Mexico. This marks BP's sixth-operated deepwater project in the region, located in a high-margin basin. ABS will provide classification and engineering verification services for the new semi-submersible FPU, a key component in BP's growing Gulf of Mexico portfolio. ABS' Role in BP's Kaskida Dev ...
BP Launches Green Hydrogen Initiative to Promote Decarbonization
ZACKS· 2024-09-13 19:11
BP plc (BP) , the British energy major, has announced a final investment decision for the construction of a green hydrogen project at its Castellón refinery, in partnership with the Spanish utility firm Iberdrola (IBDRY) . The company stated that the capacity of the green hydrogen project would be 25 MW and the facility is expected to come online in the second half of 2026. This hydrogen project is the first initiative of its kind, set to be developed by BP and Iberdrola through their 50-50 joint venture Ca ...
Dupixent® (dupilumab) Is the First and Only Biologic to Achieve Significant Improvements in Disease Remission and Symptoms in Bullous Pemphigoid (BP) Positive Pivotal Trial
GlobeNewswire News Room· 2024-09-11 04:59
Trial met the primary and all key secondary endpoints in adults with moderate-to-severe disease; five times more patients achieved sustained disease remission with Dupixent than placebo Dupixent is the first medicine to show significant steroid-sparing effect in this debilitating and lifethreatening disease If approved, Dupixent would be the first and only targeted medicine to treat BP in the U.S. and European Union TARRYTOWN, N.Y. and PARIS, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Regeneron Pharmaceuticals, Inc ...
BP Divests Trinidad Assets, Refocuses on Shallow and Deepwater Gas
ZACKS· 2024-09-06 14:20
BP plc (BP) has entered into a deal to sell four mature gas fields and undeveloped resources in Trinidad and Tobago to Perenco T&T. This move is part of BP's strategy to redirect its operations toward shallow water, deepwater and cross-border gas projects in the region. BP Divests Mature Assets to Perenco T&T BP Trinidad and Tobago ("BPTT"), a subsidiary of BP, has agreed to sell its Immortelle, Flamboyant, Amherstia and Cashima gas fields to Perenco T&T. These assets, which have been operational since the ...
These 3 Energy Stock Dividends Are Dirt Cheap
Forbes· 2024-09-02 15:03
The Index of Oil. Up. getty AI is in and energy is out. As usual. Which is just dandy for contrarian dividend investors like us. Let's talk about dividends up to 6.6% and stock prices that are dirt cheap. How cheap? Stocks trading for as little as half their sales! The best time to buy energy is before the next supply shortage. I was just "upwind" of Hurricane Hone on the Big Island of Hawaii—'tis the season for storms. Plus we have a volatile Middle East. And an economy that may get a bit of juice as the F ...
BP to Produce Jet Fuel From Crops and Waste at Cherry Point
ZACKS· 2024-09-02 13:00
BP plc's (BP) Cherry Point oil refinery is set to launch a new sustainable energy program that will produce jet fuel from biomass feedstocks, including crops, compost, municipal waste and other by-products. As U.S. Senator Maria Cantwell announced recently, this initiative is supported by a nearly $27 million federal grant from the Federal Aviation Administration's sustainable aviation fuel (SAF) initiative. BP's New Era of Sustainable Fuel Production The program is aimed at producing jet fuel from various ...
BP: 15% Earnings Yield, 5% Dividend, Upside Potential
Seeking Alpha· 2024-09-02 01:52
landbysea BP (NYSE:BP) (OTCPK:BPAQF) reported solid Q2'24 results that showed that the British energy company continues to benefit from earnings tailwinds related to higher petroleum prices. BP is also focusing on new major development projects in the Gulf of Mexico, which is set to be a catalyst for earnings and free cash flow growth going forward. Importantly, BP is trading at an exaggerated earnings yield of 15%, which is way above the company's rivals in the upstream industry. Since BP is focused on gro ...
BP Awards FEED Contract to Technip Energies for H2Teesside
ZACKS· 2024-08-30 14:05
BP plc (BP) , the British oil and gas giant, has awarded a front-end engineering design (FEED) contract to Technip Energies for its H2Teesside project in the United Kingdom. The H2Teesside project is anticipated to become one of the largest low-carbon hydrogen production facilities in the United Kingdom. It is equipped with carbon capture technology. The H2Teesside project is aimed at producing approximately 1.2 gigawatts (GW) of low-carbon hydrogen. The figure is equivalent to more than 10% of the country' ...