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Posts related to ‘BP’

Oil Tanker

European Union Investigates Crude Oil Price-Fixing

Posted: May 17, 2013 at 9:10 am

Two days ago, officials of the European Commission (EC), the executive arm of the European Union, raided the offices of Royal Dutch Shell PLC (NYSE: RDS-A), BP PLC (NYSE: BP), ...
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Mining

Glencore Xstrata Top Management Shakeup

Posted: May 16, 2013 at 9:30 am

Just two weeks ago, the $76 billion merger was completed that created London-traded Glencore Xstrata. Today, shareholders shook up the company’s board of directors by booting chairman John Bond and ...
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Bull and Bear figures

24/7 Wall St. Closing Bell — Tuesday: Markets Mixed at Open, Closes Slightly Higher

Posted: April 30, 2013 at 4:06 pm

U.S. equity markets opened mixed this morning as investors weighed conflicting data from the U.S., Europe, and Asia. In Europe, retail sales declined more than expected in Germany, Italy’s unemployment ...
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BP

BP Earnings Reflect Gain on Sale of Stake in TNK-BP

Posted: April 30, 2013 at 7:35 am

BP PLC (NYSE: BP) reported first-quarter 2013 results before markets opened this morning. The oil and gas supermajor posted diluted earnings per American Depositary Share (ADS) of $5.20 on revenues ...
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Media Digest (4/30/2013) Reuters, WSJ, NYT, FT, Bloomberg

Posted: April 30, 2013 at 6:21 am

Softbank signals it will not increase its bid for Sprint Nextel Corp. (NYSE: S). (Reuters) Best Buy Co. Inc. (NYSE: BBY) will dump its Europe presence via selling its stake ...
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Bull and Bear figures

24/7 Wall St. Closing Bell — Monday: Markets Open Higher, S&P Closes on New High

Posted: April 29, 2013 at 4:07 pm

U.S. equity markets opened higher this morning after the U.S. Department of Commerce reported that personal income and spending both rose by 0.2%, which was slightly higher than expected for ...
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Bull and Bear

Sell in May and Go Away? A 2013 Primer and Catalysts

Posted: April 23, 2013 at 12:36 pm

Stocks have enjoyed a serious bull market, and we still have the S&P 500 Index and the Dow Jones Industrial Average both up by double digits so far in 2013. ...
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BP

BP Rebuffed Again on Spill Claims

Posted: April 5, 2013 at 2:42 pm

The April 2010 well blowout in the Gulf of Mexico that took 11 lives and dumped 5 million barrels of crude in the Gulf of Mexico will cost BP plc ...
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Offshore wind power

BP Seeks Buyer for U.S. Wind Energy Operations

Posted: April 3, 2013 at 6:50 am

BP PLC (NYSE: BP) must like shale, gas and oil exploration and production better than new age energy sources. It wants to dump its wind operations in the United States. ...
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What Is Important in the Financial World (4/3/2013)

Posted: April 3, 2013 at 6:40 am

Cyprus Gets Bailout Funds Cyprus and its bailout got a new fan. The International Monetary Fund will contribute one billion euros to the cause. The action may not be much ...
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newspapers

Media Digest (4/3/2013) Reuters, WSJ, NYT, FT, Bloomberg

Posted: April 3, 2013 at 6:34 am

The Chinese services PMI rises to 55.6 in March -- a recent high -- from 54.5 in February. (Reuters) The Securities and Exchange Commission says public companies may release information ...
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Why So Much Interest in Exxon’s $1.7 Million Fine?

Posted: March 26, 2013 at 6:26 am

Fines of energy companies continue to be the rage among the news media. Perhaps it is the hangover of the huge bonanza of press coverage following the BP PLC (NYSE: ...
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BP

BP’s $8 Billion Buyback Is Money Badly Spent

Posted: March 22, 2013 at 7:35 am

British-based oil supermajor BP PLC (NYSE: BP) deposited a check for nearly $12.5 billion yesterday as it closed the sale of its 50% in TNK-BP to Russia’s Rosneft. The company ...
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Oil refinery

Goldman Tells Europe Refiners to Cut Production

Posted: March 21, 2013 at 1:17 pm

From 2007 to 2012, imports of crude oil to the northeastern U.S. have fallen from around 1.5 million barrels a day to 870,000 barrels according to the U.S. Energy Information ...
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BP

BP Out of Russia — Finally

Posted: March 21, 2013 at 10:30 am

The long saga of BP PLC (NYSE: BP) and its operations in Russia is just about wind up. The U.K. firm today closed the sale of its 50% stake ...
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