BP PLC
Why mega-merger speculation between oil majors Shell and BP is raising eyebrows
British oil giant Shell on Thursday said it has “no intention” of making an offer for its embattled domestic rival BP , further distancing itself from reports of a blockbuster takeover . It comes shortly after the Wall Street Journal reported late Wednesday that Shell was in early-stage talks to acquire BP in a deal […]
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Stocks making the biggest moves midday: AeroVironment, BP, Flagstar, QuantumScape and more
Check out the companies making the biggest moves midday: AeroVironment — The defense contractor rallied more than 22% after reporting better-than-expected results for its fiscal fourth quarter. AeroVironment earned $1.61 per share, excluding certain items, on revenue of $275.1 million. Analysts polled by FactSet expected a profit of $1.38 per share on revenue of $241.5 […]
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BP shares jump 7% on report it is in early-stage talks to be acquired by Shell
The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England. Anna Barclay | Getty Images News | Getty Images BP shares jumped Wednesday on a report that the oil major is in early-stage talks to be acquired by Shell. People familiar with the […]
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BP takeover speculation heats up as UAE oil giant ADNOC enters the fray for gas assets
BP logo is seen at a gas station in this illustration photo taken in Poland on March 15, 2025. Nurphoto | Nurphoto | Getty Images UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP‘s highly prized assets, as takeover speculation for the embattled energy major kicks into […]
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Oil giant BP seeks buyers for one of its crown jewels as it looks to stave off a takeover
Britain’s BP appears to be attracting a number of possible buyers for its Castrol lubricants business as the struggling oil giant seeks to fend off a prospective takeover . Energy companies including India’s Reliance Industries and Saudi Arabia’s oil behemoth Aramco , as well as private equity firms Apollo Global Management and Lone Star Funds, […]
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Bye-bye buybacks? Big Oil’s record-breaking shareholder payouts are under threat
Oil prices held near two-week highs in early trading on Wednesday, supported by an agreement between the U.S. and China to temporarily lower their reciprocal tariffs and a falling U.S. dollar. Imaginima | E+ | Getty Images A protracted slump in crude prices has ramped up the pressure on Big Oil’s commitment to allocate cash […]
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Stocks making the biggest moves midday: Insulet, Pinterest, Sweetgreen, Lyft, Microchip Technology and more
Check out the companies making headlines in midday trading: Insulet — The medical device stock surged more than 19% after first-quarter results beat estimates on the top and bottom lines. Insulet reported adjusted earnings of $1.02 per share on $569.0 million of revenue. Analysts surveyed by FactSet were looking for 79 cents per share and […]
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Stocks making the biggest moves premarket: Pinterest, Lyft, Coinbase, BP, Affirm and more
Check out the companies making headlines before the bell. Coinbase — The cryptocurrency exchange slipped 2% following disappointing top-line results for the first quarter . Coinbase reported revenue of $2.03 billion, while analysts polled by LSEG were expecting $2.12 billion. Earnings fell to 24 cents per share from $4.40 per share a year ago. Expedia […]
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European stocks open higher on China-U.S. optimism
European stocks opened higher on Friday, as investors assessed a signal that China is seeking trade negotiations will the U.S. The Stoxx 600 index jumped 0.88% in early deals, led by mining stocks, up 2.5%, while banks climbed 1.7%. Most markets were closed on Thursday for the May 1 holiday. London’s FTSE 100 ended a choppy […]
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Oil major Shell launches $3.5 billion share buyback after first-quarter profit beat
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil giant Shell on Friday reported a sharp fall in first-quarter profit, following a period of weaker crude prices. Shell reported adjusted earnings of $5.58 billion for the first three months […]
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