BP Aug 2024 37.000 put
| Previous close | 2.0400 |
| Open | 1.7200 |
| Bid | 1.7600 |
| Ask | 1.8100 |
| Strike | 37.00 |
| Expiry date | 2024-08-16 |
| Day's range | 1.6700 - 1.8400 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.32k |
ReutersBP halts hiring, slows renewables roll-out to win over investors
BP's new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said. The moves, which have not previously been reported, are part of a decision by Auchincloss to slow down investments in big budget, low-carbon projects, particularly in offshore wind, that are not expected to generate cash for years, said several sources at BP who declined to be named. They mark a stark reversal from the direction the CEO's predecessor Bernard Looney took to rapidly move away from fossil fuels.
ZacksOil & Gas Stock Roundup: BP and Shell Take Center Stage
BP, SHEL, XOM, LNG and OII emerge as the energy headline makers during the week.
ZacksBunge Global (BG) to Sell Its 50% Stake in BP Bunge Bioenergia
Bunge Global (BG) to focus on core businesses with the sale of its shares in the BP Bunge Bioenergia joint venture.
