BPL
61.03
-0.62(-1.01%)
Market Cap₹- Cr
PE Ratio-
Company Performance:
1D-1.01%
1M-16.36%
6M-24.85%
1Y-51.96%
5Y+148.59%
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More news about BPL
29Apr 25
BP's Q1 Profit Tumbles 49% as Company Pivots Away from Green Energy
BP reported a 49% drop in Q1 2025 net profit to $1.38 billion, falling short of analyst expectations. The company announced a strategic shift, abandoning green energy goals to focus more on fossil fuel production. Despite challenges, BP committed to shareholder returns with an $0.08 dividend per share and a $750 million share buyback program. Net debt increased, and the company's pivot may signal broader implications for the energy sector's transition to renewable sources.
14Mar 25
Tata Power's Renewable Energy Ambitions Amid BP's Solar Unit Stake Sale
BP is looking to sell a 50% stake in its solar unit, Lightsource bp, to a strategic partner. The deal involves cash and future investment commitments, with bids due in June and shortlisting expected in July. Lightsource bp has 5.7 GW of operational assets across 19 markets and aims to deliver 3-5 GW of solar capacity annually. This move could reshape the competitive landscape in the solar energy sector, potentially impacting other players like Tata Power, which has been expanding its renewable energy footprint.
26Feb 25
BP Shifts Gears: Cuts Renewable Spending, Boosts Oil and Gas Investment
BP has announced a significant strategic shift, reducing annual renewable energy spending by $5 billion while increasing oil and gas investment by 20% to $10 billion. The company aims to produce 2.3-2.5 million boepd of oil and gas by 2030. CEO Murray Auchincloss cited a slower than expected energy transition and strong hydrocarbon demand as reasons for the change. BP plans to raise dividends by at least 4% annually and conduct share buybacks of $750 million to $1 billion in Q1.
BPL
61.03
-0.62
(-1.01%)
1 Year Returns:-51.96%
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