BP PLC
European stocks head for mixed open as global markets react to Trump’s latest tariffs
UniCredit sets profit goal of around 10 billion euros by 2027 UniCredit said it aims to increase net profit to around 10 billion euros by 2027, with the “ambition” to distribute more to shareholders than it did 2024. Italy’s second-largest lender posted fourth-quarter net profit that beat expectations amid market focus on the bank’s M&A overtures. […]
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British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset
The BP logo is displayed outside a petrol station near Warminster in Wiltshire, England, on Aug. 15, 2022. Matt Cardy | Getty Images News | Getty Images British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to “fundamentally” reset the embattled energy company’s strategy. The energy firm posted underlying replacement […]
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Stocks making the biggest moves midday: McDonald’s, GameStop, On Semiconductor and more
Check out the companies making headlines in midday trading. McDonald’s — The fast-food giant jumped more than 3% following its earnings announcement . While adjusted earnings came in at $2.83 per share, in-line with expectations, revenue of $6.39 billion fell short of the $6.44 billion LSEG consensus estimate. The company’s same-store sales growth of 0.4% […]
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Stocks making the biggest moves premarket: BP, Nucor, Tesla, Meta Platforms and more
Check out the companies making headlines before the bell: Semtech — The semiconductor manufacturing company plunged more than 28% after it warned in an 8-K filing that fiscal 2026 net sales from its CopperEdge products used in active copper cables are now underperforming “due to rack architecture changes.” Semtech also said it does not expect […]
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European stocks shrug off U.S. tariff threat; BP shares rise after Elliott stake-building report
European stock markets started the week on a positive note, appearing to shrug off President Donald Trump’s latest tariff announcement. The pan-European Stoxx 600 opened 0.35% in positive territory. Regional indexes such as the U.K.’s FTSE 100, Germany’s DAX, France’s CAC 40 and Italy’s MIB were up 0.3% at the open. It remains to be […]
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BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
A general view of the BP logo and petrol station forecourt sign on January 22, 2024 in Southend, United Kingdom. John Keeble | Getty Images News | Getty Images BP shares jumped at the market open following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major and could […]
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Activist Elliott builds stake in oil major BP, source says
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images Activist investor Elliott Investment Management has built a stake in oil major BP, a source familiar with the matter told Reuters on Saturday. The source did not provide the size […]
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Oil giant Shell raises dividend despite full-year profit miss
A Shell logo is displayed on May 03, 2024 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil giant Shell on Thursday reported a significant drop in annual profit, citing higher exploration write-offs, lower trading margins and weaker crude prices over the final three months of the year. Shell posted […]
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CNBC Daily Open: Tech rout in markets continues
Traders work on the floor of the New York Stock Exchange on Jan. 10, 2025 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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BP seeks buyers for U.S. natural gas pipeline system stake, Reuters reports
Signage is displayed on an oil storage tank at the BP-Husky Toledo Refinery in Oregon, Ohio, U.S Luke Sharrett | Bloomberg | Getty Images BP is seeking buyers for a stake in its U.S. natural gas pipeline network, four people with knowledge of the matter said. The British energy company could raise up to $3 […]
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