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BP p.l.c. (BP)
After hours:
- Zacks
TotalEnergies (TTE) Expands Its Renewable Operation in the U.S.
TotalEnergies (TTE) continues to expand its renewable energy generation business in the United States. The company aims to generate more than 100 TWh of net clean electricity by 2030.
- Reuters
Aker BP Q1 beats forecast as costs fall, Tyrving to start sooner
Norwegian independent oil company Aker BP on Wednesday posted higher-than-expected net profit for the first quarter as costs fell, and said its Tyrving field development could start production sooner than previously planned. The company, partly owned by BP, reported a net profit of $531 million for the January to March period, up from $187 million a year earlier, beating a $470 million forecast in a company-compiled poll of analysts. Oslo-listed Aker BP shares were trading around 1% up by 0823 GMT, outperforming the European oil and gas sector, which was 0.5% higher.
- Reuters
Norway wealth fund backs reappointment of BP chair
Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, said on Saturday it would vote in favour of the reappointment of BP's current chair to the company's board of directors. Ahead of its annual meeting on April 25, BP has proposed the reappointment of Chair Helge Lund to the board, which last year dismissed former CEO Bernard Looney. The fund said it would also vote in favour of BP's executive remuneration package.
