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BP PLC (NYSE:BP) shares are trading lower after the company reported third-quarter results. Sales and other operating revenues came in at $47.254 billion, missing the consensus of $52.557 billion.
Tuesday is looking like a bad day to be invested in oil stocks, as downbeat news in the oil sector takes a toll on shares of oil majors ExxonMobil (NYSE: XOM), ConocoPhillips (NYSE: COP), and BP ...
BP gains from a strong portfolio of upstream projects. For premium support please call: 800-290-4726 more ways to reach us
BP had a market capitalisation of US$98.36 billion as of 2022, placing it 122nd in the world, [9] [10] and its Fortune Global 500 rank was 35th in 2022 with revenues of US$164.2 billion. [11] The company's primary stock listing in on the London Stock Exchange, where it is a member of the FTSE 100 Index.
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BP's stock fell by 51% in 40 days on the New York Stock Exchange, going from $60.57 on 20 April 2010, to $29.20 on 9 June, its lowest level since August 1996. On 25 June, BP's market value reached a 1-year low. The company's total value lost since 20 April was $105 billion.
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In 2004, SPC acquired 50% of BP's interest in the SRC and BP's retail network of 28 stations and LPG business in Singapore. [2] In 2009, SPC was acquired by China's PetroChina from Keppel Corporation and was delisted from the Singapore Stock Exchange. In 2019, SPC changed its logo and went over a company overhaul.