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BP p.l.c. - $BP STOCK NEWS

Welcome to our dedicated page for BP p.l.c. news (Ticker: $BP), a resource for investors and traders seeking the latest updates and insights on BP p.l.c. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BP p.l.c.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BP p.l.c.'s position in the market.

Rhea-AI Summary
AM Best affirms the Financial Strength Rating of Jupiter Insurance Limited as A (Excellent) and the Long-Term Issuer Credit Rating as 'a' (Excellent). The ratings reflect Jupiter's strong balance sheet strength and operating performance. Jupiter's investments are closely linked to bp's credit profile. The captive has reported strong operating results over the past five years, mainly driven by strong underwriting profits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.36%
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Rhea-AI Summary
bp's Archaea Energy announces startup of its Archaea Modular Design (AMD) renewable natural gas (RNG) plant in Medora, Indiana. The plant can process 3,200 scfm of landfill gas into RNG, enough to heat around 13,026 homes annually. This deployment streamlines build times for RNG plants and is part of bp's plan to increase biogas supply volumes by around six times by 2030. With the acquisition of Archaea, bp is now the largest RNG producer in the US, enhancing its ability to support decarbonization goals. bp expects to invest up to $8 billion more in its transition growth businesses this decade.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.43%
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Rhea-AI Summary
bp has started construction on the 187MWdc Peacock Solar project in Texas, which will sell all its electricity to Gulf Coast Growth Ventures. The project is expected to create 300 jobs during construction and provide over $25 million in tax revenue over 25 years. It will help reduce greenhouse gas emissions by more than 256,000 metric tons annually, equivalent to 55,000 fuel-burning cars. The solar farm is part of bp's plan to invest in 50GW of renewable energy capacity by 2030.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
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Rhea-AI Summary
Service Properties Trust (SVC) received $379.3 million in cash from BP's acquisition of TravelCenters of America Inc. The amended lease terms between SVC and BP are now in effect, with annual minimum cash rents set at $254.0 million and 2% annual increases. BP is now SVC's largest tenant, leasing 30% of SVC's gross assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
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Rhea-AI Summary
BP completes $1.3 billion acquisition of TravelCenters of America, adding 280 travel centers and doubling convenience gross margin. Growth opportunities in EV charging, convenience, biofuels/RNG, and hydrogen. EBITDA expected to reach $800m by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
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Rhea-AI Summary
TravelCenters of America Inc. (TA) stockholders have voted to approve TA's merger with BP. The transaction is expected to close on May 15, 2023. BP's subsidiary will acquire all outstanding shares of TA common stock for $86.00 per share in cash, representing an 84% premium to TA's average trading price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
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BP p.l.c.

NYSE:BP

BP Rankings

BP Stock Data

108.28B
16.46B
0%
11.75%
0.21%
Petroleum Refineries
Manufacturing
Link
United States of America
1 St Jamess Square

About BP

BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the worlds largest companies measured by revenues and profits.