Welcome to our dedicated page for Bp Plc news (Ticker: BP), a resource for investors and traders seeking the latest updates and insights on Bp Plc stock.
BP p.l.c. reports developments across an integrated energy business that includes oil and gas production, downstream operations, mobility and convenience, and lower-carbon energy initiatives. Recurring news includes group operating and financial results, market and production commentary, capital-structure updates, governance matters, and material agreements tied to the company’s global energy operations.
Company updates also cover bp pulse electric-vehicle charging deployments, the earnify™ fuel and convenience loyalty app, digital operations tools used in production assets, and the Etlas™ biofuel feedstock joint venture with Corteva. These announcements connect bp’s upstream and downstream activities with customer-facing fuel retail, EV charging infrastructure, and feedstocks for sustainable aviation fuel markets.
The new study from Castrol and bp pulse titled Switching ON the rEVolution reveals insights on the transition from internal combustion engine (ICE) vehicles to electric vehicles (EV). Conducted with 100 automotive executives and 10,000 global consumers, key findings include that 97% of executives believe their organizations will meet the phase-out target for ICE vehicles, while 66% prioritize this transition. Among consumers who already own EVs, 99% would choose an EV for their next purchase. This highlights a significant industry shift towards electrification.
FLEETCOR Technologies, Inc. (NYSE: FLT) has extended its agreement with British Petroleum (NYSE: BP) to manage BP's commercial fleet card program across over 6,500 locations in North America. This renewed partnership highlights BP's satisfaction with FLEETCOR's performance and future plans for the program. The partnership is expected to strengthen FLEETCOR's position in the business payments sector, enabling them to enhance expense management solutions for businesses.
bp has agreed to sell its 50% interest in the Sunrise oil sands project in Alberta, Canada, to Cenovus Energy. In return, bp will acquire Cenovus's 35% stake in the Bay du Nord project, enhancing its offshore position in Eastern Canada. The total deal is valued at C$600 million, with an additional contingent payment of up to C$600 million. This strategic shift aims to focus on offshore growth, ending bp's interests in oil sands production in Canada and positioning it for significant future development.
bp and Linde announced a significant carbon capture and storage (CCS) initiative in Texas, aimed at producing low carbon hydrogen. The project is set to start by 2026 and has the potential to store up to 15 million metric tons of CO2 annually, equivalent to removing 3 million cars from the road. This initiative will support decarbonization efforts along the Texas Gulf Coast, permitting geological storage sites. The hydrogen produced will be supplied under long-term contracts, driving sustainability in hard-to-abate industries.
Roush Fenway Keselowski Racing (RFK) is set to return its carbon neutral No. 6 Ford powered by Castrol at Talladega Superspeedway on April 24. This follows RFK becoming the first carbon neutral NASCAR race team in 2021. RFK achieved a remarkable 40% reduction in Scope 1 and 2 carbon emissions, surpassing their goal ahead of schedule. Additionally, RFK cars will use motor oils with over 50% re-refined base oil, resulting in lower lifecycle carbon emissions.
Fans can participate in a clean-up event on Earth Day, with a chance to win Keselowski’s fire suit by sharing cleanup photos on social media by May 8.
TortoiseEcofin announced that BP Midstream Partners LP (NYSE:BPMP) will be removed from both the Tortoise MLP Index and the Tortoise North American Pipeline Index due to its merger with bp plc (NYSE:BP). This removal takes effect on April 5, 2022. The Tortoise MLP Index will undergo special rebalancing as a consequence, whereas the Tortoise North American Pipeline Index will remove BPMP without special adjustments. Special rebalancings are necessitated by corporate actions impacting index constituents.
On June 15, 2020, bp (NYSE: BP) announced a 15-cent discount per gallon on gasoline for first responders and medical workers at bp and Amoco stations for 60 days. This initiative follows over $8 million in fuel discounts since April 2020, benefiting 650,000 frontline workers. Additionally, bp donated 3 million gallons of jet fuel to assist in delivering essential goods during the pandemic. The company aims to raise awareness of this offer through various promotional channels, encouraging community support using hashtags #bpsupportscommunityheroes and #InThisTogether.