BP Raises Dividend and Buybacks After Higher Commodity Prices Boost Profits

British oil major BP PLC reported better than expected second quarter earnings Tuesday. $BP approved a dividend hike of 4% & plans to buy back $1.4 billion worth of shares. Higher profit margins at convenience stores in BP’s petrol stations boosted results.

S&P Puts Big Oil Companies On Negative Ratings Watch

Rating agancy S&P on Tuesday puts the majority major oil companies on negative ratings watch or lowered their outlook. Many of the energy sector has massive debt exposure which has exposed them to the lockdown economic collapse. To add salt we are seeing aggressive energy transition by the developed world.

BP Beat Earnings On Higher Oil Prices, Sees Lower Refining Margins

British Oil major BP PLC reported better than expected second quarter earnings Tuesday. $BP have been continuing it’s share buy back program. $BP reports ahead of fellow majors $XOM, $CVX and RDSA earnings, $COP  and $TOT reported last week.

BHP Sells U.S. Shale Assets To BP for $10.5 Billion

Australian mining giant BHP announced it will sell its U.S. shale assets to Britain’s oil major BP for $10.5 billion.  BHP about a year ago said it would sell them after it had determined “are non-core and we are actively pursuing options to exit these assets for value”.

Shale Producers Earnings Expected To Soar With Oil at Four Year Highs

Big Oil earnings delivered big profits from soaring oil and gas revenues. Energy earnings pick up with a slew of Shale names reporting. This week we have  $EOG $DVN $CXO $PE $PXD $FRAC $NBL $ECA $BP $APC $CLR $MTDR $PDCE $MRO $SRCI $CHK

CERAWeek 2018 Key Events For Energy Traders

The geopolitical nature and globalization of energy makes the IHS Markit hosted CERAWeek one of the world’s premier energy events. The significant players from the world over will be in attendance In Houston March 5 to the 9th, 2018. Speakers include Saudi Aramaco, BP, Shell CEOs and politicians like OPEC Secretary General Mohammed Barkindo.