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BP to Focus on 'Financial Discipline,' CEO Says

BP (BP) should prioritize "financial discipline" to increase its long-term value for shareholders, chief executive Meg O'Neill said in a LinkedIn post on Thursday."We need to be deliberate about where we invest and where we don't," she said in a post that marked her first 100 days in the job. "We need to make fewer, better choices and hold ourselves to account."O'Neill highlighted that the company is taking concrete actions to simplify its portfolio, reduce costs, tighten capital expense discipline, and strengthen its balance sheet.She also noted that BP introduced its simplified business model last week, based on its upstream and downstream businesses, with trading integrating both units.Since joining BP, the chief executive said she has witnessed significant milestones, including securing diesel from the Cherry Point Refinery in the US to Australia amid supply disruptions, and a 30% increase in jet fuel output at Spain's Castellon refinery ahead of the travel season.BP's recent commercial milestones also include the first commercial gas from the Azeri-Chirag-Gunashli field in Azerbaijan, and partnerships in Abu Dhabi, India, and Indonesia, O'Neill said.Price: $38.84, Change: $-0.38, Percent Change: -0.96%

$BP

Oil & Energy29d ago

US Oil Update: Futures Hover Near 2-Weeks High Amid US-Iran Retaliatory Strikes

Global oil prices hovered near a two-week peak on Thursday as the energy markets faced severe disruptions after Iranian forces targeted US military assets in neighboring Gulf states.Brent crude futures eased 0.3% to $77.77 per barrel after surpassing $80/bbl in the previous session, while West Texas Intermediate crude futures eased 0.7% to $72.99/bbl.Both benchmarks hit their highest since June 22 on Wednesday.The geopolitical crisis deepened as Iranian forces directly targeted US military infrastructure in neighboring Gulf states, striking assets in Kuwait, Qatar, and Bahrain on Thursday.Meanwhile, the US has targeted over 170 Iranian military targets off the Iranian coast near the Strait of Hormuz in the last two days, the US military's Central Command confirmed to.Shipping traffic through the crucial Strait of Hormuz has partially rebounded to half of its pre-war baseline, according to an IRGC statement reported by Al Jazeera.Though the group rejected responsibility for the lingering maritime gridlock, attributing the bottleneck to US intervention and political adventurism.However, shipping data revealed that the vital waterway has become highly restricted. Active maritime traffic is currently compressed entirely along an Iran-approved route hugging the northern coastline, analysts said.The heads of the International Energy Agency, International Monetary Fund, World Bank, and World Trade Organization, in a joint statement on Wednesday, warned that despite recent brief dips in fuel prices, the energy sector faces prolonged volatility."However, uncertainty remains high, and the impacts of the war could linger," it added.On the supply side, US commercial crude oil inventories increased by 3 million barrels to 411.4 mmbbls in the week ended July 3, the Energy Information Administration said in its weekly report on Wednesday.

Mining & Metals29d ago

Sage Potash Announces Initiation of Drilling at its Sage Plain Potash Project

Sage Potash (SAGE.V) has begun drilling at its Sage Plain Potash Project in the Paradox Basin, southeast Utah, it said Thursday.The program targets the Paradox Basin potash deposits, which host multiple potash-bearing horizons, including the "highly prospective" Cycle 18 Upper and Lower beds, which is the company's primary exploration targets, said the company.Drake Well Service, who has been engaged to provide drilling services, started drilling on July 8, and expects about 20 days to reach the Cycle 18 potash horizon at a depth of approximately 2,100 meters, said the company.The drilling program is expected to help in upgrading the Project's potash resource estimates and position the company to advance toward engineering and development, added Sage Potash.The company's shares were last seen unchanged at C$0.13 on the TSX Venture Exchange.

$SAGE.V

Commodities29d ago

US Natural Gas Update: Futures Slip on Bearish Storage Outlook, Milder Weather Forecasts

US natural gas futures were down on Thursday, ahead of the weekly gas storage report, with forecasts pointing to a larger-than-normal net injection.The front-month Henry Hub contract and the continuous contract both fell 3.42% to $3.102 per million British thermal units.Markets are awaiting the US Energy Information Administration's Weekly Gas Storage Report later in the day, with forecasts pointing to an injection of 59 billion cubic feet of working gas into storage, compared to last year's 53 Bcf, and the five-year average for this period at 51 Bcf, according to NRG Energy.Meanwhile, weather forecasts have softened in the eastern parts of the country, from July 16 to July 22, further easing near-term gas demand, according to the National Weather Service.LNG export feedgas flows, however, edged higher, with estimates at 18.98 Bcf on Thursday, ahead of the 30-day moving average at 18.87 Bcf, according to the Bloomberg LNG Feedgas Model.This has led to a tightening of fundamentals, with total gas demand rising 1.5 Bcf/d, reaching 110.9 Bcf/d, according to NRG Energy.

Wire29d ago

Jefferies Adjusts Howmet Aerospace Price Target to $340 From $320

Howmet Aerospace (HWM) has an average rating of overweight and mean price target of $311.37, according to analysts polled by FactSet.Price: $275.67, Change: $+4.09, Percent Change: +1.50%

$HWM

Wire29d ago

Deutsche Bank Adjusts Ares Management Price Target to $140 From $138

Ares Management (ARES) has an average rating of overweight and mean price target of $147.06, according to analysts polled by FactSet.Price: $120.37, Change: $+2.37, Percent Change: +2.00%

$ARES

Wire29d ago

Barclays Adjusts Price Target on Coinbase Global to $99 From $107

Coinbase Global (COIN) has an average rating of overweight and mean price target of $229.48, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $158.59, Change: $-0.77, Percent Change: -0.48%

$COIN

Wire29d ago

Barclays Adjusts Price Target on MGM Resorts International to $48 From $39

MGM Resorts International (MGM) has an average rating of overweight and mean price target of $49.41, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $46.39, Change: $-0.22, Percent Change: -0.46%

$MGM

Wire29d ago

Deutsche Bank Adjusts Franklin Resources Price Target to $33 From $31

Franklin Resources (BEN) has an average rating of hold and mean price target of $32.73, according to analysts polled by FactSet.Price: $34.15, Change: $+0.65, Percent Change: +1.94%

$BEN

Wire29d ago

Deutsche Bank Adjusts Coinbase Global Price Target to $201 From $208

$COIN

Wire29d ago

Deutsche Bank Adjusts Coinbase Global Price Target to $201 From $208

Franklin Resources (BEN) has an average rating of hold and mean price target of $32.73, according to analysts polled by FactSet.Price: $158.31, Change: $-1.05, Percent Change: -0.66%

$COIN

Wire29d ago

Deutsche Bank Adjusts Blackstone Price Target to $150 From $148

Blackstone (BX) has an average rating of overweight and mean price target of $140.71, according to analysts polled by FactSet.Price: $121.27, Change: $+2.65, Percent Change: +2.23%

$BX

Wire29d ago

Deutsche Bank Trims KKR Price Target to $111 From $112

KKR (KKR) has an average rating of buy and mean price target of $125.78, according to analysts polled by FactSet.Price: $95.13, Change: $+1.83, Percent Change: +1.96%

$KKR

Wire29d ago

UBS Adjusts Price Target on Consolidated Edison to $124 From $118

Consolidated Edison (ED) has an average rating of hold and mean price target of $110.93, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $111.14, Change: $-0.95, Percent Change: -0.85%

$ED

Insider Trading29d ago

Ezcorp Insider Sold Shares Worth $355,426, According to a Recent SEC Filing

Pablo Lagos Espinosa, Director, on July 06, 2026, sold 10,000 shares in Ezcorp (EZPW) for $355,426. Following the Form 4 filing with the SEC, Espinosa has control over a total of 207,543 Class A non-voting common shares of the company, with 207,543 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/876523/000087652326000057/xslF345X05/wk-form4_1783605539.xmlPrice: $33.26, Change: $+1.10, Percent Change: +3.42%

$EZPW

Oil & Energy29d ago

Over 170 Iranian Military Sites Targeted by US Forces in Past Two Days, US Centcom Says

The US has targeted over 170 Iranian military targets off the Iranian coast near the Strait of Hormuz in the last two days, the US military's Central Command confirmed to.The attacks were a response to Iranian strikes against vessels crossing the Strait of Hormuz, despite an interim peace deal agreed with the US that had enabled traffic to cautiously begin crossing the waterway again after months of closure.The renewed US strikes targeted air defence systems, drone and missile storage sites, military speed boats, and logistics infrastructure, Al Jazeera said, citing a New York Times report.The attacks were meant to weaken Iran's ability to target commercial shipping in the crucial waterway, it said.US forces carried out about 14 times as many strikes in these past two days as the number of targets hit in June during the previous escalation.

Insider Trading29d ago

DLocal Insider Sold Shares Worth $398,350, According to a Recent SEC Filing

Sebastian Kanovich, Director, on July 07, 2026, sold 25,700 shares in DLocal (DLO) for $398,350.SEC Filing:https://www.sec.gov/Archives/edgar/data/1846832/000191107926000001/xslF345X05/primary_doc.xmlPrice: $14.33, Change: $-0.16, Percent Change: -1.10%

$DLO

Wire29d ago

Citigroup Adjusts Price Target on Smurfit Westrock to $56 From $51

Smurfit Westrock (SW) has an average rating of buy and mean price target of $54.68, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $42.97, Change: $+0.90, Percent Change: +2.14%

$SW

Wire29d ago

Barclays Adjusts Price Target on Blackstone to $119 From $124

Blackstone (BX) has an average rating of overweight and mean price target of $140.71, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $120.70, Change: $+2.07, Percent Change: +1.75%

$BX

Wire29d ago

Citigroup Adjusts Price Target on Packaging of America to $241 From $229

Packaging of America (PKG) has an average rating of overweight and mean price target of $250.22, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $225.24, Change: $+0.78, Percent Change: +0.35%

$PKG

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Oil & Energy29d ago