Trends - BP - Business Recorder

BP

FTSE 100 flat in early trade

LONDON: London’s FTSE 100 was subdued on Tuesday as a sharp rise in the unemployment rate to 2016-highs...

Published 24 Feb, 2021 05:24am

Business & Finance

FTSE 100 falls

LONDON: London’s FTSE 100 fell on Monday as higher commodity prices sparked fears of a spike in inflation, while...

Published 23 Feb, 2021 05:20am

Markets

Russia's FinMin proposes tax breaks for hard-to-recover gas output

The RBC daily reported last year that Rosneft had asked the government to ease taxes for the formation where it plans to develop the giant Kharampur project with its shareholder, BP .
The ministry said it has proposed to cut the mineral extraction tax for Berezovskaya. The proposal is subject to further discussion.

Published 19 Feb, 2021 07:49pm

Business & Finance

BP unveils employee share award plan

LONDON: Britain’s loss-making energy major BP has unveiled plans to hand all employees a stake in the company,...

Updated 18 Feb, 2021 09:27am

Markets

BP enters UK offshore wind sector

LONDON: British energy major BP on Monday entered the UK offshore wind sector alongside German peer EnBW, after...

Published 09 Feb, 2021 04:43am

Business & Finance

BP enters UK offshore wind sector

The oil giant and German power firm Energie Baden-Wuerttemberg AG (EnBW) have been selected as preferred bidder for two 60-year leases in the North Sea.

Published 08 Feb, 2021 07:47pm

Business & Finance

RWE, Total, BP among winners in UK offshore wind farm auction

Auction was "highly contested race" – Bernstein.
RWE says price it was awarded was lowest in auction.
BP teams up with Germany's EnBW.

Published 08 Feb, 2021 07:04pm

Business & Finance

Norway's Aker BP eyes foreign oil assets, CEO says

"Brazil is interesting. It's a highly prolific region," Hersvik said, but added he had not yet found assets that would justify an investment there.
"We have looked at that divestment campaign, and decided not to participate," he said of the two Albacora fields.

Published 04 Feb, 2021 08:10pm

Markets

Oil jumps 2pc, hits highest in a year as producers limit supply

NEW YORK: Oil prices rose more than 2% on Tuesday, reaching their highest in 12 months after major producers showed...

Published 03 Feb, 2021 04:35am

Business & Finance

BP plunges into $20.3bn annual loss

LONDON: BP reported Tuesday a huge $20.3-billion (16.8-billion- euro) net loss for last year, despite a slender...

Published 03 Feb, 2021 04:35am

Markets

Oil jumps 2pc, hits highest in year as producers limit supply

The U.S. and global benchmarks rallied as optimism about more U.S. economic stimulus added to market bullishness from supply cuts.

Published 03 Feb, 2021 12:05am

Business & Finance

BP plunges into $20.3-bn annual loss on virus fallout

"BP will continue to review all actions and respond to any further changes in prevailing market conditions," it added.

Published 02 Feb, 2021 05:56pm

Business & Finance

BP plunges into $20.3bn annual loss on virus fallout

The loss contrasted sharply with net profit of $4.0 billion in 2019, the British energy major said, adding that the oil sector had been "hit hard" by the fallout from the Covid-19 crisis.

Published 02 Feb, 2021 02:52pm

World

BP part sells Oman gas field to Thai group for $2.6bn

LONDON: British energy giant BP on Monday said it had sold a 20-percent stake in Oman’s block 61 gas field to...

Published 02 Feb, 2021 04:29am

Business & Finance

BP part sells Oman gas field to Thai group for $2.6bn

BP will retain a 40-percent stake and continue to operate the block, it added in a statement.

Published 01 Feb, 2021 04:42pm

Business & Finance

Shell targets power trading and hydrogen in climate drive

BP wants to boost its renewable generation capacity 20 fold by 2030 while Total is aiming to have 100 gigawatts (GW) of gross renewable energy generation capacity by 2030.

Published 01 Feb, 2021 12:47pm

Markets

European stocks flat despite rise in cyclicals

The regional STOXX 600 index closed up 0.05pc after a mixed session, while Germany's DAX rose 0.1pc, France's CAC inched 0.2pc lower and Britain's FTSE 100 fell 0.7pc.

Published 12 Jan, 2021 11:55pm

Markets

London stocks sink as new coronavirus strain shuts UK

The FTSE 100 touched its lowest since Dec. 2 in early trading, but clawed back some of its losses to trade down 1.2% as the pound's 2% drop limited a fall in the exporter-heavy index.

Published 21 Dec, 2020 04:07pm

Markets

British mid-caps rise on Brexit deal hopes

Oil majors BP and Royal Dutch Shell were among the biggest boosts to the index.

Published 17 Dec, 2020 01:44pm

Business & Finance

BP reappoints Wise as head of crude trading in latest reshuffle

Wise has been the global head of crude since 2015 and the role is considered one of the most powerful in the oil industry given BP's large presence in US crude exports and refining.
Investors have welcomed BP's shift but have also questioned the financial viability of the plan as renewables typically generate lower returns than oil and gas.

Published 28 Oct, 2020 04:52pm

Business & Finance

BP slashes losses as oil demand improves

BP is axing 10,000 jobs, or 15 percent of its global workforce, after the pandemic caused huge asset writedowns.

Published 27 Oct, 2020 06:10pm

Markets

BP says oil output at Azeri projects falls 8pc in H1

In the first six months of 2020, the company produced more than 12 million tonnes of oil and 1.3 billion cubic metres (bcm) of associated gas in Azerbaijan, BP said.

Published 13 Aug, 2020 05:19pm

Markets

BP poised to sell 'stranded assets' even if oil prices rally

The strategy was discussed at a BP executives meeting in July, the sources said, soon after the oil major lowered its long-term oil price forecast to $55 a barrel, meaning that $17.5 billion worth of its assets are no longer economically viable.

Published 07 Aug, 2020 10:24am

Markets

BP puts crude oil traders on leave pending investigations into China dealings

BP traders were named in a court document filed by Malaysian lender CIMB where the bank applied to place Hontop Energy under judicial management.

Published 20 Jul, 2020 03:42pm

Business & Finance

BP sells petchems arm for $5bn in energy transition revamp

Acquisition by Ineos expected to complete by year-end
BP boss Looney preparing company for energy transition
Petrochemicals seen as key driver in oil demand growth
BP shares up 2.3%

Published 29 Jun, 2020 06:40pm

Business & Finance

BP to output from Oman's Khazzan gas field to 1.5 bcf by end-2020

Investment in the Ghazir project as of the end of the first quarter of the year stood at about $9.3 billion out of a total estimated at $16 billion.

Published 20 Jun, 2020 01:57pm

Business & Finance

Oil giant BP to cut 10,000 jobs on virus fallout

After companies worldwide closed their doors and airlines grounded planes towards the end of the first quarter, oil dropped off a cliff, causing prices to briefly turn negative.

Published 08 Jun, 2020 06:57pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	278.52
USD PKR Interbank Buying / Apr 25	278.32
USD to Japanese Yen / Apr 25	155.60
USD to Swiss Franc / Apr 25	0.91
Pound Sterling to USD / Apr 25	1.25
Euro to USD / Apr 25	1.07

Stock	Volume
S&P 500 / Apr 24	5070.63
Nasdaq / Apr 24	15712.75
Dow Jones / Apr 24	38460.92
India Sensex / Apr 25	73780.80
Tokyo Nikkei / Apr 25	37628.48
Hang Seng / Apr 25	17264.90
FTSE 100 / Apr 25	8077.84
Germany DAX 30 / Apr 25	17994.97

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 23	21035
Gold 10 Grams PKR / Apr 23	213220
Petrol/Litre / Apr 25	293.94
Crude Oil USD/Barrel / Apr 25	83.02
Gold Spot USD/Ounce / Apr 25	2325.45
Diesel/Litre / Apr 25	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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