Private Credit Mints a New Billionaire Class
Hi, it’s Tom Maloney in New York and Benjamin Stupples in London, looking at the wealth of Wall Street’s latest rock stars.
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What does a potential BP and Shell merger mean for the UK oil industry?
Merging BP and Shell isn’t a completely mad idea, says Yawen Chen in Breakingviews. Even modest savings from eliminating duplication could add $33 billion to the value of the combined group. But there ...
BP’s CEO Cut His Teeth on Crisis — Now He Faces the Toughest Test Yet
“Boy, his hat is crises!” said Bob Dudley, former BP CEO and a mentor to Auchincloss. “I always said to Murray: management ...
BP price target raised to 480 GBp from 460 GBp at HSBC
HSBC analyst Kim Fustier raised the firm’s price target on BP (BP) to 480 GBp from 460 GBp and keeps a Hold rating on the shares. The firm ...
BP upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded BP (BP) to Neutral from Underweight with a 510 GBp price target The company has “outsized” Russia option value and is a ...
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bp considers Castrol lubricants business sale
BP (bp) is contemplating the sale of its Castrol lubricants business, a move that could value the unit at approximately $10bn ...
BP weighs sale of Castrol lubricant unit
BP Plc, in which activist investor Elliott Investment Management has built up a nearly 5% stake, is considering a potential ...
BP mulls £8bn sale of motor oil arm Castrol as investors demand a shake-up at the energy giant
Boss Murray Auchincloss (pictured) will next week present his plan to investors having promised a 'new direction' for the ...
European earnings at risk if tariff threats aren’t a paper tiger
With European equities up 5% since President Donald Trump’s election, the market may be underestimating the risk posed by US ...
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BP weighs sale of $10bln Castrol lubricants unit, Bloomberg News reports
A sale of the business is one of the many options BP is considering, the report said, adding that the unit is also among the assets that Elliott Management has identified for potential disposals ...
BP Considers Castrol Sale as Elliott Turns Up the Heat
BP PLC (BP) is reportedly considering selling its lubricants division, Castrol, amid growing pressure from activist investor ...
BP Considers Selling Lubricants Business in $10 Billion Deal, Bloomberg Says, Citing Sources
--BP's lubricant business operates under the Castrol brand and could be worth about $10 billion in a deal. The unit is among the assets that Elliott has identified for potential disposals and the ...