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BP p.l.c. (BP)
After hours:
- Reuters
UPDATE 1-Trinidad's Atlantic LNG restructuring to shrink Shell's stake, boost BP's -sources
Shell's ownership in Trinidad and Tobago's Atlantic LNG facility will shrink, while BP and Trinidad's state-owned National Gas Co will increase their stakes in a restructuring agreement to be signed this week, according to three people familiar with the matter. The first of four liquefaction trains has been idled since 2020 due to reduced gas supplies from Trinidad's offshore fields. Trinidad and Tobago moved to restructure Atlantic LNG after determining it was not getting enough revenue from the facility.
- Simply Wall St.
BP (LON:BP.) shareholders have earned a 26% CAGR over the last three years
One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks...
- Reuters
Trinidad's Atlantic LNG restructuring to shrink Shell's stake, boost BP's -sources
Shell's ownership in Trinidad and Tobago's Atlantic LNG facility will shrink, while BP and Trinidad's state-owned National Gas Co will increase their stakes in a restructuring agreement to be signed this week, according to three people familiar with the matter. The first of four liquefaction trains has been idled since 2020 due to reduced gas supplies from Trinidad's offshore fields. Trinidad and Tobago moved to restructure Atlantic LNG after determining it was not getting enough revenue from the facility.
