by Amruth Sundarkumar | Sep 13, 2022 | Corporates, Global
British oil & gas company BP has acquired Houston-based EDF Energy Services (EDF ES) . EDF ES is a supplier of power, natural gas, and related services to commercial and industrial customers across the US. The complete terms and size of the deal were not yet...
by Amruth Sundarkumar | Aug 3, 2022 | Corporates, Global
British oil & gas company BP reported Q2 group profits of $9.5bn, jumping more than 2.8x as compared to the same period last year. This was driven by strong realized refining margins, continuing exceptional oil trading performance, and higher liquids realizations....
by Amruth Sundarkumar | Jun 15, 2022 | Corporates
Oil & Gas giant British Petroleum (BP) agreed to acquire a 40.5% stake in the Asian Renewable Energy Hub (AREH) and will be an operator of an Australian renewable energy project. The project will cost over $30bn to develop and can be one of the biggest producers...
by bondevalue | Apr 27, 2021 | Investment Grade Bonds
British oil company BP reported quarterly profits of $2.6bn, a more than 3x jump as compared to the same period last year. The company also reported operating cash flows of $6.1bn underpinned by strong business performance, with a working capital build of $1.2bn. BP...
by bondevalue | Apr 7, 2021 | Investment Grade Bonds
Energy company BP said it expects to have hit its $35bn net debt target in Q1 2021. This comes sooner than the expected target of Q4 2021 and helps give way for it to buy back shares. “This is a result of earlier than anticipated delivery of disposal proceeds combined...
