FINWIRES · TerminalLIVE
FINWIRES
BP

BP

$BP
NYSEEnergy

282 stories mentioning BPUpdated 1d ago

Featured in energy-sector and European ADR roundups as oil prices swung around the US-Iran truce reopening the Strait of Hormuz.

Sectors

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 1.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.The Philadelphia Oil Service Sector Index was climbing 2%, and the Dow Jones US Utilities Index was up 2%.Front-month West Texas Intermediate crude oil rose 1.7% to $93.74 a barrel, and the global benchmark Brent crude contract advanced 1.1% to $96.03 a barrel. Henry Hub natural gas futures decreased 0.6% to $3.16 per 1 million BTU.In corporate news, BP (BP) held advanced talks to sell its UK North Sea assets to Ithaca Energy in a nearly 2 billion British pounds ($2.7 billion) deal, though negotiations failed in recent weeks, with the oil major still exploring a sale to other potential buyers, the Financial Times reported. BP shares were up 1%.Bloom Energy (BE) doesn't currently see a need to raise capital through share sales despite surging demand for its fuel-cell technology from AI data centers, Bloomberg reported, citing CEO K. R. Sridhar. The company, which recently signed a deal with Oracle (ORCL) to supply up to 2.8 gigawatts of power for data centers, can recover the cost of building new manufacturing capacity within six months via sales, Sridhar told the news outlet. Bloom Energy shares jumped past 9%.Hallador Energy (HNRG) said late Monday it has agreed to acquire about 460 megawatts of Siemens gas turbines, generators and related equipment from Energy World for $350 million to back development of Hallador's Merom natural gas-fired combustion turbine project. Hallador shares were down 0.1%.

$BE$BP$HNRG
Commodities

Market Chatter: BP In Talks to Sell $2.7 Billion UK North Sea Assets to Ithaca

BP (BP) held advanced talks to sell its UK North Sea oil and gas assets to Ithaca Energy in a deal that could have been worth close to 2 billion British Pounds ($2.7 billion), but negotiations have recently stalled, the Financial Times reported, citing industry sources.Though the talks did not result in an agreement, BP could still revive discussions with Ithaca or pursue a transaction with other potential buyers.The planned divestment forms part of BP's broader effort to streamline its portfolio and raise cash as CEO Meg O'Neill pushes ahead with a restructuring of the energy major.BP and Ithaca, a subsidiary of Israel's Delek Group, already operate several assets together, including the Vorlich oilfield east of Aberdeen.BP did not immediately reply to a request for comment by.Though BP has been active in the North Sea for about six decades and remains one of the basin's largest producers, its UK operations account for about 120,000 barrels of oil equivalent per day, a fraction of the group's total production of about 2.3 million barrels of oil equivalent per day.O'Neill said she saw "untapped potential" in the UK North Sea shortly after taking the helm, but said that further windfall taxes on producers could deter investment.BP is reviewing a range of assets as part of a wider restructuring, including potential disposals across its global portfolio. The British energy major has also examined options for some of its fuel retail networks and renewable energy businesses.Last year, BP sold a majority stake in its lubricant business, Castrol, as part of efforts to reduce debt. The company has pledged to deliver $20 billion of divestments by 2027 after coming under pressure from activist investor Elliott Management to improve returns.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $43.40, Change: $+0.46, Percent Change: +1.07%

$BP
Sectors

Sector Update: Energy

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 1.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.The Philadelphia Oil Service Sector Index was climbing 2%, and the Dow Jones US Utilities Index was up 2%.Front-month West Texas Intermediate crude oil rose 1.7% to $93.74 a barrel, and the global benchmark Brent crude contract advanced 1.1% to $96.03 a barrel. Henry Hub natural gas futures decreased 0.6% to $3.16 per 1 million BTU.In corporate news, BP (BP) held advanced talks to sell its UK North Sea assets to Ithaca Energy in a nearly 2 billion British pounds ($2.7 billion) deal, though negotiations failed in recent weeks, with the oil major still exploring a sale to other potential buyers, the Financial Times reported. BP shares were up 1.2%.

$BP
Wire

Market Chatter: BP North Sea Asset Sale Talks With Ithaca Fail

BP (BP) held advanced talks to sell its UK North Sea assets to Ithaca Energy in a nearly 2 billion British pounds ($2.7 billion) deal, though negotiations failed in recent weeks, with the oil major still exploring a sale to other potential buyers, the Financial Times reported Tuesday, citing people familiar with the matter.BP's UK North Sea fields produce around 120,000 barrels per day out of the company's 2.3 million total, and it already jointly operates the Vorlich oilfield with Ithaca, a subsidiary of Israel's Delek Group.The potential sale is part of BP's broader restructuring under new CEO Meg O'Neill, who has pledged $20 billion in divestments by 2027 under pressure from activist hedge fund Elliott Management, according to the report.BP did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $43.41, Change: $+0.47, Percent Change: +1.08%

$BP
Sectors

Sector Update: Energy Stocks Rise Tuesday Afternoon

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.4%.The Philadelphia Oil Service Sector Index was climbing 2.4%, and the Dow Jones US Utilities Index was up 2%.Front-month West Texas Intermediate crude oil was rising 1.6% to $93.59 a barrel, and the global benchmark Brent crude contract was advancing 1.1% to $96.03 a barrel. Henry Hub natural gas futures decreased 0.7% to $3.16 per 1 million BTU.In sector news, President Donald Trump said he believes a deal to reopen the Strait of Hormuz and extend the ceasefire with Iran is reachable "over the next week," CNN reported. Lebanese authorities said Hezbollah, an Iran-backed militant group, agreed to a US proposal for a ceasefire with Israel in which strikes on Beirut would stop, the news report said. Trump declared Israeli forces would not move on Beirut after a call with Prime Minister Benjamin Netanyahu, it added.In corporate news, Bloom Energy (BE) doesn't currently see a need to raise capital through share sales despite surging demand for its fuel-cell technology from AI data centers, Bloomberg reported, citing CEO K. R. Sridhar. The company, which recently signed a deal with Oracle (ORCL) to supply up to 2.8 gigawatts of power for data centers, can recover the cost of building new manufacturing capacity within six months via sales, Sridhar told the news outlet. Bloom Energy shares jumped 10%.BP (BP) has asked senior independent director Amanda Blanc to lead the search for the company's next chair despite concerns from some investors and City figures following the departure of former chairperson Albert Manifold, the Financial Times reported. BP shares were up 1%.Hallador Energy (HNRG) shares added 0.7%. The company said late Monday it has agreed to acquire about 460 megawatts of Siemens gas turbines, generators and related equipment from Energy World for $350 million to back development of Hallador's Merom natural gas-fired combustion turbine project.

$BE$BP$HNRG
Sectors

Sector Update: Energy Stocks Decline Premarket Tuesday

Energy stocks were declining premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) down 0.3%.The United States Oil Fund (USO) was down 1.1% and the United States Natural Gas Fund (UNG) was 1.9% lower.Front-month US West Texas Intermediate crude oil was 0.9% lower at $91.30 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 0.7% to $94.28 per barrel, and natural gas futures were down 1.8% at $3.12 per 1 million British Thermal Units.BP (BP) has asked senior independent director Amanda Blanc to lead the search for the company's next chair despite concerns from some investors and city figures following the departure of former chairperson Albert Manifold, the Financial Times reported. Shares of BP were down more than 1% pre-bell.BW LPG (BWLP) shares were up 0.7% after the company reported higher Q1 earnings.Bloom Energy (BE) doesn't currently see a need to raise capital through share sales despite surging demand for its fuel-cell technology from AI data centers, Bloomberg News reported, citing Chief Executive K. R. Sridhar. Bloom Energy stock was up more than 3% premarket.

$BE$BP$BWLP$UNG$USO$XLE
Sectors

Sector Update Energy

Energy stocks were declining premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) down 0.3%.The United States Oil Fund (USO) was down 1.1% and the United States Natural Gas Fund (UNG) was 2% lower.Front-month US West Texas Intermediate crude oil was 1.1% lower at $91.18 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 10% to $94.07 per barrel, and natural gas futures were down 1.3% at $3.14 per 1 million British Thermal Units.BP (BP) has asked senior independent director Amanda Blanc to lead the search for the company's next chair despite concerns from some investors and city figures following the departure of former chairperson Albert Manifold, the Financial Times reported. Shares of BP were 0.3% lower pre-bell.

$BP
Equities

Market Chatter: BP Gives Amanda Blanc Second Chance to Lead Chair Search

BP (BP) has asked senior independent director Amanda Blanc to lead the search for the company's next chair despite concerns from some investors and City figures following the departure of former chairperson Albert Manifold, the Financial Times reported Monday.Blanc will oversee a "rigorous" selection process on behalf of the board, the report said, citing Interim Chair Ian Tyler.Some shareholders and market figures questioned whether Blanc should run a second chair search after Manifold left the role after about eight months, according to the report.BP did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$BP
Sectors

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index rising 1.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 2%.The Philadelphia Oil Service Sector Index increased 0.9%, and the Dow Jones US Utilities Index fell 2.7%.In sector news, Iran's reported threats to halt the indirect peace talks with Washington sent crude oil prices higher. Iranian negotiators will stop exchanging messages with the US through intermediaries, and Tehran will fully close the Strait of Hormuz in retaliation against ongoing ceasefire violations, CNBC reported, citing Iran's state-affiliated news outlet Tasnim on Monday. The report, in a translated post on the social media site Telegram, homed in on Israel's military operations in Lebanon against the Iran-backed militia Hezbollah, CNBC reported.Front-month West Texas Intermediate jumped 5.5% to $92.14 a barrel, and the global benchmark Brent crude contract climbed 4.2% to $94.97 a barrel. Henry Hub natural gas futures fell 3.6% to $3.17 per 1 million BTU.In corporate news, Kazakhstan has restored its oil production to 290,000 metric tons a day following an accident that caused production losses at its largest oilfield, Tengiz, led by Chevron (CVX), Reuters reported, citing the country's Energy Minister Erlan Akkenzhenov. Chevron shares were up 2%.BP (BP) is selling a 5% stake in the Browse liquefied natural gas project in Western Australia to GS Energy, leaving it with a 39.33% interest in the project, news outlets reported. BP shares added 2.5%.Equinor (EQNR) recommended that the company's corporate assembly elect Jarle Roth as new chair of the board, the company said. Equinor shares climbed up 3.5%.Devon Energy (DVN) shares rose 4%. Reuters reported Friday that Devon received an $8 billion offer from Stone Ridge Asset Management for its Marcellus shale assets in Pennsylvania.

$BP$CVX$DVN$EQNR
Commodities

BP Starts First Commercial Gas Production at Azerbaijan's ACG Oil Field

BP (BP) and its partners have begun the first commercial production of non-associated natural gas from Azerbaijan's giant Azeri-Chirag-Gunashli field, the British energy giant said on Monday.The UK energy major, operator of the offshore Caspian Sea project, said that gas production has commenced from an initial well drilled from the West Chirag platform.The project marks the first commercial extraction of natural gas from ACG, which has been producing oil for nearly three decades.The startup follows a 2024 agreement that expanded the field's production-sharing contract to include exploration and development of gas-bearing reservoirs not covered by the original oil-focused deal.BP said the non-associated gas resources at ACG are estimated at 4 trillion cubic feet of recoverable reserves, with potential upside of about 6 trillion cubic feet. The volumes could support Azerbaijan's ambitions to increase energy exports to Europe as the continent seeks to diversify supply sources.The initial well targeted two gas-bearing formations beneath the field's producing oil reservoirs: the Qirmaki Upper Sand and Qirmaki Lower Sand. BP said the well confirmed gas resources in the upper formation and encountered high-pressure gas in the deeper reservoir.The energy firm said that early production and testing activities are currently focused on the Qirmaki Lower Sand reservoir, with gas and condensate transported to Azerbaijan's Sangachal Terminal via existing offshore infrastructure.The approach allows the project to leverage existing oil production facilities, reducing development costs.The gas project is expected to attract billions of dollars of investment over the coming decades if further appraisal confirms the scale of the resource base. The addendum to the ACG production-sharing agreement remains effective through 2049, providing a framework for long-term development.ACG is operated by BP, which holds a 30.37% stake. Other partners include Azerbaijan's state energy company SOCAR with 35.3%, Hungary's MOL, Japan's INPEX, ExxonMobil (XOM), Turkey's TPAO and India's ONGC Videsh.Price: $42.99, Change: $+1.12, Percent Change: +2.66%

$BP$XOM
Sectors

Sector Update: Energy Stocks Gain Monday Afternoon

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 1.9% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.7%.The Philadelphia Oil Service Sector Index increased 0.6%, and the Dow Jones US Utilities Index fell 2.3%.In sector news, Iran's reported threats to halt the indirect peace talks with Washington sent crude oil prices higher. Iranian negotiators will stop exchanging messages with the US through intermediaries, and Tehran will fully close the Strait of Hormuz in retaliation against ongoing ceasefire violations, CNBC reported, citing Iran's state-affiliated news outlet Tasnim on Monday. The report, in a translated post on the social media site Telegram, homed in on Israel's military operations in Lebanon against the Iran-backed militia Hezbollah, CNBC reported.Front-month West Texas Intermediate jumped 6.3% to $92.86 a barrel, and the global benchmark Brent crude contract climbed 5.4% to $96.01 a barrel. Henry Hub natural gas futures fell 3.1% to $3.19 per 1 million BTU.In corporate news, BP (BP) is selling a 5% stake in the Browse liquefied natural gas project in Western Australia to GS Energy, leaving it with a 39.33% interest in the project, news outlets reported. BP shares added 3%.Equinor (EQNR) recommended that the company's corporate assembly elect Jarle Roth as new chair of the board, the company said. Equinor shares climbed 4.1%.Devon Energy (DVN) shares rose 3.6%. Reuters reported Friday that Devon received an $8 billion offer from Stone Ridge Asset Management for its Marcellus shale assets in Pennsylvania.Venture Global (VG) shares surged 8%. The company said its Venture Global LNG subsidiary plans to issue $2.25 billion of senior secured notes due 2034 and 2036 in a private offering.

$BP$DVN$EQNR$VG
Asia Markets

European Equities Traded in the US as American Depositary Receipts Decline in Monday Trading

European equities traded in the US as American depositary receipts started the trading week lower late Monday morning, declining 0.2% to 1,867.7 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by software firm SAP (SAP) and petroleum refiner Equinor (EQNR), which advanced 7.2% and 5.6% respectively. They were followed by accommodations booking site trivago (TRVG) and telecommunications company Nokia (NOK), which increased 5.2% and 4.8% respectively.The decliners from continental Europe were led by semiconductor company Sequans Communications (SQNS) and biotech firm Evaxion (EVAX), which dropped 7.2% and 4.8% respectively. They were followed by biotech firm BioNTech (BNTX) and lender Banco Bilbao Vizcaya Argentaria (BBVA), which fell 4.3% and 2.5% respectively.The gainers from the UK were led by software company Endava (DAVA) and oil and gas company BP (BP), which rose 5.9% and 3.6% respectively. They were followed by oil and gas company Shell (SHEL) and communications company WPP (WPP), which were up 2.2% and 0.9% respectively.The decliners from the UK and Ireland were led by biopharmaceutical companies Akari Therapeutics (AKTX) and Mereo BioPharma Group (MREO), which lost 13.4% and 9.5% respectively. They were followed by biopharmaceutical company NuCana (NCNA) and pharmaceutical company Silence Therapeutics (SLN), which were down 7.7% and 4.4% respectively.

$AKTX$BBVA$BNTX$BP$DAVA$EQNR$EVAX$MREO$NCNA$NOK$SAP$SHEL$SLN$SQNS$TRVG$WPP
Sectors

Sector Update: Energy Stocks Advance Premarket Monday

Energy stocks were advancing premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) 1% higher.The United States Oil Fund (USO) was up 4.4% and the United States Natural Gas Fund (UNG) was 2.9% lower.Front-month US West Texas Intermediate crude oil was 2.6% higher at $89.64 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.1% to $93.98 per barrel, and natural gas futures were down 3% at $3.19 per 1 million British Thermal Units.Equinor (EQNR) recommended that the company's corporate assembly elect Jarle Roth as new chair of the board, the company said. Shares of Equinor were up more than 4% pre-bell.Venture Global (VG) shares were up more than 3% after the company said its Venture Global LNG subsidiary plans to issue $2.25 billion of senior secured notes due 2034 and 2036 in a private offering.BP (BP) is selling a 5% stake in the Browse liquefied natural gas project in Western Australia to GS Energy, leaving it with a 39.33% interest in the project, news outlets reported. BP stock was up more than 1% premarket.

$BP$EQNR$UNG$USO$VG$XLE
Commodities

BP to Reportedly Sell 5% Stake in Browse LNG in Australia; Azerbaijan ACG Field Begins Production

Oil supermajor BP (BP) has reportedly agreed to sell 5% of its stake in Australia's Browse liquefied natural gas project to South Korean energy holding company GS Energy for an undisclosed amount, according to multiple media outlets.BP will retain a 39.33% working interest in the under-development project operated by Woodside Energy (WDS). The transaction remains subject to regulatory and joint venture approvals, according to Reuters.BP did not immediately respond to' request for comment.The deal followed last month's announcement from Japan's Inpex that it would buy a 10% stake in the project from PetroChina.The development, estimated to cost AU$48.7 billion ($34.95 billion), is reportedly expected be one of the biggest projects in the country.It has, however, faced regulatory challenges and has not yet received environmental approval, Bloomberg reported, citing concerns over plans to drill near the Scott Reef in the Indian Ocean.On Monday, BP reported that production of non-associated gas at the Azeri-Chirag-Gunashli field in the Azerbaijan part of the Caspian Sea has begun.BP, the operator of the field, noted that ACG contains between 4 trillion and 6 trillion cubic feet of recoverable reserves.

$BP
Equities

BP Reportedly Selling 5% Stake in Browse LNG Project to GS Energy

BP (BP) is selling a 5% stake in the Browse liquefied natural gas project in Western Australia to GS Energy, leaving it with a 39.33% interest in the project, news outlets reported Monday.Financial details of the transaction were not disclosed.The sale is part of BP's portfolio management strategy of onboarding a partner to advance the project, the reports said, citing an emailed statement from BP. The project is expected to cost 48.7 billion Australian dollars ($34.97 billion) according to the reports.BP and GS Energy did not immediately respond to' requests for comments.

$BP
Equities

Market Chatter: Former BP Chair's Elliott Meetings Raised Governance Concerns

Former BP (BP) Chair Albert Manifold met with activist investor Elliott Management without directly notifying other board members, Reuters reported Thursday, citing sources familiar with the matter.BP removed Manifold less than eight months into the role over governance and conduct concerns, with some board members viewing his meetings with Elliott as unilateral actions, according to the report.Manifold had notified BP's investor relations team about the meetings, which were expected to be included in regular board updates, Reuters added.BP did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$BP
Sectors

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Thursday afternoon, with the NYSE Energy Sector Index fractionally lower and the State Street Energy Select Sector SPDR ETF (XLE) up 0.2%.The Philadelphia Oil Service Sector Index was falling 1.5%, and the Dow Jones US Utilities Index shed 1%.Front-month West Texas Intermediate crude oil rose 0.5% to $89.14 a barrel, and the global benchmark Brent crude contract shed 0.4% to $93.93 a barrel. Henry Hub natural gas futures climbed up 5% to $3.04 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 12.4 million barrels in the week ended May 22 following a fall of 17.8 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks declined by 3.3 million barrels after a 7.9-million-barrel decline in the previous week, a larger drop than the 3-million-barrel decrease expected in a Bloomberg survey.In corporate news, BP's (BP) former chairman Albert Manifold, who was ousted earlier in the week, had fallen out with company secretary Ben Mathews before his removal from the role, the Financial Times reported. BP shares were down 0.4%.Ecopetrol (EC) said Thursday its board has postponed the start date of the previously announced unpaid leave of Chief Executive Ricardo Roa Barragan. Ecopetrol shares fell 1.1%.TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said. TotalEnergies shares rose 0.8%.Baker Hughes (BKR) said it has secured multiyear contract extensions with Equinor (EQNR) for drilling, well services and wireline intervention in the North Sea. Baker Hughes shares climbed 2.3%, and Equinor was up 0.1%.

$BKR$BP$EC$EQNR$TTE
Wire

Sector Update: Energy

Energy stocks were edging up late Thursday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) both fractionally higher.The Philadelphia Oil Service Sector Index was falling 1.5%, and the Dow Jones US Utilities Index shed 1%.Front-month West Texas Intermediate crude oil rose 0.5% to $89.14 a barrel, and the global benchmark Brent crude contract shed 0.4% to $93.93 a barrel. Henry Hub natural gas futures climbed 5% to $3.04 per 1 million BTU.In corporate news, BP's (BP) former chairman Albert Manifold, who was ousted earlier in the week, had fallen out with company secretary Ben Mathews before his removal from the role, the Financial Times reported. BP shares were down 0.4%.

$BP
Wire

Market Chatter: BP's Chairman Clashed With Company Secretary Before Ouster

BP's (BP) former chairman Albert Manifold, who was ousted earlier in the week, had fallen out with company secretary Ben Mathews before his removal from the role, the Financial Times reported Thursday, citing four sources familiar with the matter.Mathews had concerns about the former chair's conduct, some of the sources said. A source close to Manifold said that he and Mathews had disagreements over costs, and that the company secretary was the "driver" behind the decision to oust Manifold, according to the report.BP's board on Tuesday announced the removal of Manifold due to "serious concerns" about governance standards, oversight, and conduct. Manifold rejected the allegations against him in a statement on Thursday, according to a CNBC report.BP did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $41.38, Change: $-0.27, Percent Change: -0.65%

$BP
Sectors

Sector Update: Energy Stocks Edge Higher in Afternoon Trading

Energy stocks were slightly higher Thursday afternoon, with the NYSE Energy Sector Index increasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) fractionally higher.The Philadelphia Oil Service Sector Index was falling 1.4%, and the Dow Jones US Utilities Index shed 0.3%.Front-month West Texas Intermediate crude oil was fractionally higher at $88.69 a barrel, and the global benchmark Brent crude contract was dropping 1% to $93.36 a barrel. Henry Hub natural gas futures rose 5% to $3.04 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 12.4 million barrels in the week ended May 22 following a decrease of 17.8 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks declined by 3.3 million barrels after a 7.9-million-barrel decline in the previous week, a larger drop than the 3-million-barrel decrease expected in a survey compiled by Bloomberg.In corporate news, TotalEnergies (TTE) and Stellantis (STLA) have renewed and expanded their partnership in Europe to develop and deliver engine oils and lubricants, the companies said. TotalEnergies shares rose 0.9%.Baker Hughes (BKR) has secured multiyear contract extensions with Equinor (EQNR) for drilling, well services and wireline intervention in the North Sea. Baker Hughes shares climbed 1.6%, and Equinor was fractionally higher.BP (BP) will become operator of Azerbaijan's offshore Babek natural gas field under an agreement expected to be announced with state energy company Socar on June 1, Reuters reported. BP shares were down 0.5%.

$BKR$BP$EQNR$TTE

Showing 141-160 of 282

Track with the FINWIRES app suite

FolioX
FolioX
Track BP in your portfolio
WheelAI
WheelAI
Analyze BP options with the wheel strategy
StockInsider
StockInsider
See market sentiment on BP