BP Stock Recent News
BP LATEST HEADLINES
EL SEGUNDO, Calif.--(BUSINESS WIRE)--With 5.7 million electric vehicles (EVs) anticipated to be used in fleet applications by 2025, EV Connect, a leading EV charging business platform, and bp pulse, a global leader in charging infrastructure for fleets and public charging, today announced a collaboration to bring key capabilities of Omega, bp pulse's EV charge management software, to the EV Connect platform. Tailored to the diverse charging requirements and duty cycles of EV fleets, Omega deliv.
BP, Enbridge, and Kinder Morgan are investing heavily in building out RNG platforms. These investments will grow their earnings from a more sustainable, lower-carbon energy source.
BP's focus on operational efficiency and cost management is set to yield at least $2 billion in cash cost savings by the end of 2026.
Another year, another hurricane season in the United States. Hurricanes typically develop out in the Atlantic Ocean and make their way to the Gulf of Mexico and the United States' east coast regions.
BP Ventures and Templewater co-lead a $111M investment in Hysata, aiming to revolutionize green hydrogen with high-efficiency electrolyzers.
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.
BP's rapid resurgence initiates the resumption of offshore oil operations in Azerbaijan's Caspian Sea before schedule, showcasing prowess in energy sector resilience.
Despite the weak results, BP expects its reported and underlying upstream production to be slightly higher this year.
BP stock offers a high dividend yield of close to 5% and a low forward P/E ratio of 8.58x. The company's dividend is safe with low payout ratios and there is room for dividend increases in the future. The value proposition is further enhanced by its aggressive share buyback program, especially under current P/E.
Oil prices continue to be volatile and hard to predict, which is why finding undervalued energy stocks can be hard, too. After rising steadily for most of March and April, crude prices just suffered their biggest weekly decline in three months as tensions in the Middle East ratchet down and global demand softens.