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Battleground For Oil Majors: BP Activist Investor Calls For Cut In Green Energy Pledges
Monday, January 29, 2024 - 1:20pm | 801Read More...With the ink barely dry on the COP28 agreement to transition away from fossil fuels, U.K.-based oil major BP plc (NYSE:BP) was called on by an activist investor to drop its commitments to clean energy production. Bluebell Capital Partners, a London-based hedge fund with a small stake in BP, wrote...
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Oil Majors To Consolidate: Watch For Further M&A Activity Across Sector In 2024
Wednesday, December 6, 2023 - 12:53pm | 695Read More...The oil and gas production sector has already seen some mega deals in 2023 and merger and acquisition (M&A) activity is expected to continue into 2024 as the oil majors seek new growth opportunities. Exxon Mobil (NYSE:XOM) announced in October an agreement to acquire Pioneer Natural Resources (...
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Oil Majors: Are BP And Chevron Attractively Valued After Share Price Tumbles?
Monday, November 27, 2023 - 12:22pm | 676Read More...Shares in BP, the U.K. oil giant, have fallen nearly 17% on the London Stock Exchange since their 2023 peak in February, a loss that might now be looking overcooked, according to analysts at RBC Capital Markets. Compared with its U.S. peers ConocoPhillips (NYSE:COP), down 2.1% year-to-date and...
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Barclays' Q2 Energy Earnings Expectations For Oil Majors & Refiners
Monday, July 11, 2016 - 12:14pm | 371Read More...It could be a mixed bag this earnings season for oil investors. Barclays analyst Paul Cheng expects oil majors will beat earnings expectations in Q2, but refiners could come up short once again. Barclays projections are good news for oil majors investors, but Cheng notes consensus estimates are a...
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Dennis Gartman May Soon Begin 'Several Years Of Buying' Oil Majors
Wednesday, August 26, 2015 - 1:24pm | 408Read More...Crude oil’s newest bull, Dennis Gartman, still likes what he sees in the oil market and says in his latest edition of The Gartman Letter that he may soon begin aggressively putting his money where his mouth is when it comes to the stocks of oil majors. Just last week, Gartman became...
