BP profit beats expectations
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BP plc (BP.L) has stopped importing oil for its refinery in Western Australia, the country's largest, and is on track to decommission the plant by the end of March, a spokesman said on Tuesday.
BP-AKR customers across Indonesia can once again purchase BP's flagship fuels, including BP 92, BP Ultimate, and BP Ultimate Diesel.
BP stock is undervalued, offering a 6% dividend yield and turnaround potential. See why I maintain a Buy rating, seeing risks as already priced in.
BP-AKR stated that all governance and compliance aspects had been fully met, including aligning on the “commercial terms” that had been a sticking point for other industry players.
Once the sale is completed, BP's U.S. onshore oil and gas business, bpx energy, will hold a 51% stake in the Permian assets and 25% in the Eagle Ford assets. BP is scheduled to report third-quarter results on November 4.
It's a recipe for disaster. That's what communities are saying about the potential of losing those snap benefits as grocery prices rise. But one Bay View business owner is trying to help.