Earnings Numbers Show Need for BP to Split
BP announced second quarter earnings of 5.3 billion on Tuesday, a stark contrast from last year's second quarter loss of $17.15 billion, behind profits from skyrocketing oil prices.
'Ludicrously Undervalued' BP Would Benefit from Split
BP would be wise to consider splitting its operations, as ConcoPhillips and Marathon Oil recently have, to possibly gain back up to 100 billion in value, according to an analyst.
Pre-market movers on May 5 (PPO, WFMI, M, ARO, WIN, BMY, IO, MRO, COP, GPS, AGN)
The companies whose shares are moving in pre-market trade on Thursday are: Polypore International, Whole Foods Market, Macy's, Aeropostale, Windstream, Bristol Myers Squibb, Ion Geophysical, Marathon Oil, ConocoPhillips, Gap and Allergan.
Stock index futures higher ahead of FOMC statement
Futures on major U.S. stock indices point to a higher opening on Wednesday ahead of US Federal Reserve’s meeting and Census Bureau's durable goods orders report.
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Stocks in Focus (BA, XRX, SBUX, SYMC, COP, ABT, ATI, ADP, EK, GD)
The companies which are expected to see active trade on Wednesday are: Boeing, Xerox, Starbucks, Symantec, ConocoPhillips, Abbott Laboratories, Allegheny, Automatic Data Processing, Eastman Kodak and General Dynamics.
BP, Total among winners of Angola deepwater blocks
BP, Total, Eni and other international majors were awarded concessions to explore in Angola's ultra-deep water blocks known as pre-salt blocks, Angola's state-owned oil firm Sonangol said on Monday.
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