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BP plc: Welcome To A World Of Risk

Tuesday, 29 July 2014 02:45
It feels like a lifetime since BP (LSE: BP) (NYSE: BP.US) was viewed as a solid FTSE 100 dividend stalwart, and it could be another lifetime before it regains that mantle. Increasingly, it looks like a risk asset to me. In Deep Water It all went wrong in April 2010, after the Deepwater Horizon Gulf of Mexico tragedy.
Scientists Discover New Coral Communities Affected By Deepwater Horizon Oil Spill
Tuesday, 29 July 2014 01:15
redOrbit Staff & Wire Reports – Your Universe Online The environmental impact of the Deepwater Horizon oil spill is more widespread than previously believed, as experts have located two additional deep-water coral communities that were damaged by the 2010 disaster. The discovery was made by a team of researchers led by Penn State University biology professor Charles Fisher, and is detailed in a paper published online Monday by the Proceedings of the National Academy of…
UPDATE: BP claim forms circulating in LC area
Monday, 28 July 2014 14:53
Over the last couple of weeks someone has been circulating so-called BP oil spill claim forms in the Lake Charles area. While many, if not most, medical claims associated with the Deepwater Horizon oil spill have been settled, someone is holding meetings around the Lake area trying to get people to sign up. But they're not too forthcoming when it comes to saying who they are or who they represent.
BP claim forms circulating in LC area
Monday, 28 July 2014 14:53
Over the last couple of weeks someone has been circulating so-called BP oil spill claim forms in the Lake Charles area. While many, if not most, medical claims associated with the Deepwater Horizon oil spill have been settled, someone is holding meetings around the Lake area trying to get people to sign up. But they're not too forthcoming when it comes to saying who they are or who they represent.
BP Oil Spill: 2010 Deepwater Horizon Catastrophe Is Much Worse Than Thought
Monday, 28 July 2014 10:16
The impact of the 2010 BP oil spill in the Gulf of Mexico is far more widespread than previously thought, a study released Monday indicates. Researchers say the spill’s “footprint” -- the range of the marine ecosystem affected by the Deepwater Horizon disaster -- extends twice as far from the site of the well leak than data first revealed.
BP's second quarter profit jumps, but still wary of future expense of oil spill
Monday, 28 July 2014 07:19
BP PLC saw its profits rise Tuesday on the account of its investments in Russian energy company Rosneft. BP reported a $3.18 billion in replacement cost profit for the second quarter compared with $2.4 billion the same period last year. The British energy company's 20 percent stake in Rosneft was behind the large boost, profit from the joint venture jumping $218 million to $1 billion this quarter.
Russia fears cast cloud over BP
Monday, 28 July 2014 04:28
With BP's stake in Rosneft generating over $1 billion (£590 million) of profit during the second quarter, the oil major has warned that further economic sanctions on Russia following the downing of Malaysian Airlines flight MH17 could seriously harm prospects. 'Any future erosion of our relationship with Rosneft, or the impact of further economic sanctions, could adversely impact our business and strategic objectives in Russia, the level of our income, production and reserves, our investment…
BP plc Warns Of Russian Risks: Should Shareholders Worry?
Monday, 28 July 2014 02:56
This week's second-quarter results from BP (LSE: BP) (NYSE: BP.US) make it clear how much Russian firm Rosneft is already contributing to BP's profits: during the second quarter of this year, BP share of Rosneft's earnings was $1,024m -- 20% of BP's total pre-tax profits for the period. The problem is that Rosneft isn't a normal company -- and it faces a number of unusual problems.
BP's Q2 net profit soars 65% to US$3.37b
Sunday, 27 July 2014 23:30
LONDON: BP said on Tuesday (July 29) its net profit surged 65 per cent in the second quarter, boosted by high oil prices, but warned that more economic sanctions against Russia could hit performance. Earnings after taxation rallied to US$3.369 billion (S$4.18 billion, 2.508 billion euros) in the three months to June, compared with US$2.042 billion a year earlier, BP said in a results statement.
Is BP plc A Value Play Following Its Results?
Sunday, 27 July 2014 22:54
As shares of miners surge, oil companies are finding it difficult to shore up their valuations. Yet downside risk for miners is apparent now: how important is that for BP (LSE: BP) (NYSE: BP.US) and the likes? Miners vs Oil The shares of miners have rallied in recent weeks. Their current and forward valuations signal that the sector is getting quite expensive -- and that becomes evident once the valuations of miners are compared to…

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