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Aftermath Of The Oil Spill: BP CEO Discusses How Company, Industry Has Changed In Last 5 Years
Wednesday, April 22, 2015 - 4:45pm | 347It has been five years since the BP plc (ADR) (NYSE: BP) Deepwater Horizon oil spill in the Gulf coast. BP CEO Bob Dudley was on CNBC recently to discuss how the spill has changed BP and the oil industry overall. Building Trust Dudley was asked if BP has won public confidence and trust....
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Market Wrap For April 10: Wednesday's Rally Completely Forgotten
Thursday, April 10, 2014 - 4:33pm | 2616U.S. stocks tumbled as investors and traders showed no intention of allowing Wednesday's bull charge to continue. The Nasdaq index continues to under-perform and notched its worst one day performance since 2011. The decline in the Nasdaq index continues to be fueled by biotech and momentum...
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SLIDESHOW: Biggest Earnings Misses For The Morning Of July 30, 2013
Tuesday, July 30, 2013 - 3:33pm | 51In the midst of earnings season, some big companies reported misses Tuesday in both revenue and earnings. Here is a look at the most important and biggest earnings of the day. Shares of these companies are moving on high volume and may provide some good entry points.
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Dudley Says Rosneft Deal Is Dead
Wednesday, June 8, 2011 - 11:29pm | 262BP (NYSE: BP) CEO Bob Dudley has declared his company's aspirations for a $16 billion share exchange with OAO Rosneft, Russia's largest oil company, dead, adding that BP is “moving on” and looking for opportunities in other locations. At a BP event in London Dudley, the company's first American-...
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From Russia With No Love For BP
Tuesday, May 17, 2011 - 2:45am | 364OAO Rosneft, Russia's largest oil company, is reportedly unwilling to extend a deadline to move forward with a controversial $16 billion share swap with BP (NYSE: BP), Europe's second-largest oil company, news that will be a stinging blow to BP CEO Bob Dudley's plans to turn the company following...
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BP, Rosneft Move Deadline In Bid To Save Deal
Thursday, April 14, 2011 - 3:18am | 456BP (NYSE: BP), Europe's second-largest oil company, and OAO Rosneft, Russia's largest oil company, have moved the deadline for completing their controversial $16 billion share swap to May 16 from April 14, giving the companies some extra time to salvage the deal. With the deadline and BP's...
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BP, Rosneft Move Deadline In Bid To Save Deal
Thursday, April 14, 2011 - 3:18am | 456BP (NYSE: BP), Europe's second-largest oil company, and OAO Rosneft, Russia's largest oil company, have moved the deadline for completing their controversial $16 billion share swap to May 16 from April 14, giving the companies some extra time to salvage the deal. With the deadline and BP's...
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BP Considering Drastic Measures To Save Rosneft Pact
Tuesday, April 12, 2011 - 9:38pm | 335How desperate is BP (NYSE: BP) to save its $16 billion share swap with Russia's OAO Rosneft, that country's largest oil producer? Apparently VERY desperate, so desperate in fact that Europe's second-largest oil company is mulling pulling out of its joint venture with Russian oligarchs, TNK-BP. BP...
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Tribunal Blocks BP/Rosneft Deal
Thursday, March 24, 2011 - 5:36pm | 286BP's (NYSE: BP) hopes to partner with OAO Rosneft, Russia's largest oil company, to explore for oil in the Russian area of the Artic Circle suffered a major setback today when a Swedish arbitration tribunal blocked the $16 billion share swap between the two companies. The tribunal's decision is a...
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CEO Steel Cage Death Match
Friday, March 11, 2011 - 3:48pm | 358Alright, there isn't going to be a CEO Steel Cage Death Match, but if there was going to be such an event, it would be a good idea to make the feature match a bout between two big oil CEOs: BP's (NYSE: BP) Bob Dudley and Exxon Mobil's (NYSE: XOM) Rex Tillerson. We don't want to put words in the...
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Rosneft Eyes Stake In TNK-BP
Friday, February 4, 2011 - 5:55am | 280OAO Rosneft, Russia's largest oil producer, is reportedly pursuing a stake in TNK-BP, the joint venture between Russian oligarchs and BP (NYSE: BP). Russian consortium Alfa Group, Access and Renova (AAR) may sell its stake in TNK-BP, Russia's third-largest oil producer, to Rosneft, according to...
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BP To Reduce Oil Trading
Tuesday, November 9, 2010 - 6:01am | 148BP (NYSE: BP), Europe's second-largest oil company, will reduce the size of its oil trading business as crude futures experience their least volatile run in recent memory, crimping trading profits. BP made $2 billion in trading profits in 2004, but with crude futures trading between $68-$87 a...
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BP Still Eyes Deepwater Projects
Tuesday, November 2, 2010 - 11:11pm | 149BP (NYSE: BP), the largest oil and natural gas producer in North America, isn't shying away from risky drilling projects despite taking almost $40 billion in charges in the second and third quarters related to the Gulf of Mexico oil spill. New BP CEO Bob Dudley said his company won't be shy about...
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Rivals Critical Of BP
Tuesday, October 26, 2010 - 8:16am | 198High-ranking executives at Chevron (NYSE: CVX), the second-largest U.S. oil company, and France's Total (NYSE: TOT), Europe's third-largest oil company, criticized the design of BP's (NYSE: BP) Macondo well in the Gulf of Mexico. Roland Festor, managing director of Total's Exploration and...
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BP Staying In U.S.
Monday, October 25, 2010 - 8:30am | 156BP (NYSE: BP), the largest oil and natural gas producer in the U.S., will not leave one of its most important market despite the company's heavily damaged public image, CEO Bob Dudley said. Dudley said "BP will not be quitting America" and "There is too much at stake for BP and the U.S." Dudley...