BP Stock Recent News

BP's 440,000-bpd refinery in Whiting, Indiana, continued to burn materials in the flares after flooding disrupted its operations earlier this week, the company said.

BP's Whiting refinery restarts after flooding sent its units offline, with Midwest fuel prices expected to feel the strain.

Zacks.com users have recently been watching BP (BP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

James West, Melius Research managing director, joins 'Power Lunch' to discuss the firm's thoughts on BP, if the company could be sold off soon and much more.

BP is working to stabilize operations at its Whiting refinery after severe flooding forced shutdowns, sparking concerns over Midwest fuel supplies in the days ahead.

There is a growing probability of aggressive rate cuts by the Fed in the near future. We discuss the implications that this will have on various sectors of high-yield investments. We share the likely winners and losers and discuss how we are investing.

BP said on Tuesday operations at its 440,000-barrel-per-day refinery in Whiting, Indiana, were affected due to flooding caused by a severe thunderstorm overnight.

BP delivered strong Q2 results, beating earnings and revenue estimates due to strong profitability in its core business. The energy enterprise makes an attractive value proposition, trading at a significant discount to U.S. energy rivals despite solid profitability and capital returns. BP is planning on spending $10B annually on major projects in the upstream segment which could help the company accelerate its earnings growth in the years ahead.

The Dividend Harvesting Portfolio rebounded strongly, with profitability up 8.06% and total dividend income now at 19.77% of invested capital. I remain bullish on the S&P 500 reaching 7,000 this year, driven by strong corporate earnings, AI productivity, and a likely lower rate environment. Recent additions to the portfolio—BMY, SLB, and AGNC—reflect my focus on undervalued, high-yield opportunities poised to benefit from rate cuts.

July saw strong market gains, especially in tech, but finding bargains is tough as indices approach all-time highs. I focused July investments on high-yield BDCs like OBDC, MFIC, and BXSL, maintaining a 7.9% yield on cost. Dividend income hit a July record, up 22% year-over-year, with BDCs set to play an even bigger role in the coming months.