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BP profit slumps to near four-year low as oil demand sags

LONDON: BP on Tuesday reported a 30% drop in third quarter profit to $2.3 billion, the lowest in almost four years,...

Published 29 Oct, 2024 02:45pm

Markets

BP drops oil output reduction target in strategy reset, sources say

LONDON: BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s...

Published 07 Oct, 2024 05:12pm

Markets

BP to sell its US onshore wind business

WASHINGTON: BP plans to sell its US onshore wind energy business, it announced on Monday, saying the assets were not...

Published 17 Sep, 2024 06:33am

World

BP to develop new oil and gas fields in Iraq

BAGHDAD: Iraq signed an agreement with British energy giant British Petroleum on Thursday to develop four oil and ...

Published 02 Aug, 2024 06:41am

World

Shell, Total, BP take stakes in UAE gas project

DUBAI: Energy majors TotalEnergies, Shell and BP will each take a 10 percent stake in a liquefied natural gas...

Published 10 Jul, 2024 06:45pm

Markets

BP warns of Q2 profit hit from weak refining margins, oil trading

British energy giant BP said on Tuesday that weak refining margins and oil trading were likely to dent its...

Published 09 Jul, 2024 12:55pm

Business & Finance

BP pauses gas-field talks with Venezuela as license expires

HOUSTON: Oil major BP has paused discussions with Venezuela on the development of a gas project on the maritime...

Published 23 May, 2024 05:15am

Markets

BP and ADNOC to form gas joint venture in Egypt

DUBAI: Global oil major BP and state-owned Abu Dhabi National Oil Company will form a joint venture in Egypt that...

Published 14 Feb, 2024 02:51pm

Business & Finance

BP bags bumper 2023 profits, rewards investors

LONDON: British energy giant BP logged multi-billion-dollar annual profits Tuesday despite lower oil prices and...

Published 12 Feb, 2024 06:25am

Markets

Energy heavyweights push European shares higher

PARIS: European stocks advanced on Tuesday as bumper earnings from BP and higher crude prices propelled energy ...

Published 07 Feb, 2024 05:30am

Business & Finance

BP sticking with energy transition strategy: interim CEO

LONDON: BP’s interim CEO Murray Auchincloss said on Wednesday the company won’t be derailed from its energy...

Published 18 Sep, 2023 06:32am

Markets

BP urges more oil, gas investment while speeding energy transition

NEW DELHI: Global oil major BP said the world must invest in the production of oil and gas to avoid to sharp price...

Published 26 Aug, 2023 02:46pm

Markets

BP backs green hydrogen start-up aiming to cut fuel’s costs

LONDON: BP has invested in a start-up company developing technology seeking to use vapour from heavy industry to...

Published 21 Aug, 2023 06:43am

Business & Finance

BP, Total win in $14bn German offshore wind site tender

FRANKFURT/LON DON: Oil majors BP and TotalEnergies emerged as the winners in a 7 gigawatt (GW) offshore wind site...

Published 17 Jul, 2023 03:47am

Markets

BP settles US natgas market manipulation case for $10.75m

NEW YORK: Oil major BP agreed to pay a civil penalty of $10.75 million to cover allegations company traders...

Published 12 Jul, 2023 06:39am

Business & Finance

BP’s profit rises to $5bn as share buyback slows

LONDON: BP made a profit of $5 billion in the first quarter of 2023, up from the previous three months on the back ...

Published 08 May, 2023 06:40am

Business & Finance

Shell agrees to sell Australian Browse gas stake to BP

SYDNEY: Shell has agreed to sell its 27% stake in the long-delayed Browse gas project off Western Australia to BP,...

Published 29 Apr, 2023 09:50am

Opinion

Oil and gas profits fuel UK worker demands for just energy future

When Scott Agnew worked on deep sea oil and gas tankers and cargo boats in the 1980s, he used to count whales and...

Published 07 Mar, 2023 03:16am

Business & Finance

BP makes record profit of $28bn in 2022

LONDON: BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated ...

Published 13 Feb, 2023 05:57am

Markets

Supported by BP, FTSE 100 rises 0.4pc

LONDON: UK’s FTSE 100 closed higher on Tuesday as bumper earnings from oil giant BP supported the resources-heavy...

Published 08 Feb, 2023 06:10am

Markets

BP profit soars to record $28bn, dividend increased

LONDON: BP on Tuesday reported a record profit of $28 billion for 2022, lifted by the surge in energy prices since...

Published 07 Feb, 2023 02:06pm

Markets

FTSE 100 in sight of record high as financial stocks gain

LONDON: Britain’s blue-chip FTSE 100 closed higher on Monday, leaving it less than a percent below the record high...

Published 17 Jan, 2023 06:02am

Markets

BP raises oil investments in US as inflation hits

HOUSTON: BP PLC said on Wednesday it planned to expand investments in the Gulf of Mexico and Texas, where it has its...

Published 04 Jan, 2023 08:41pm

Markets

China’s Shenzhen Energy signs long-term LNG contract with BP

SINGAPORE: China’s Shenzhen Energy Group has signed a long-term agreement with oil major BP to buy liquefied natural...

Published 26 Nov, 2022 10:09am

Markets

Oil stocks power FTSE 100

LONDON: The FTSE 100 jumped to a two-month high on Tuesday, as oil stocks bounced back following a bullish comment ...

Published 23 Nov, 2022 05:55am

Business & Finance

BP quarterly profit surges on high energy prices

LONDON: BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices after key...

Published 07 Nov, 2022 06:34am

Business & Finance

BP to buy US renewable gas firm for $4.1bn

LONDON: BP has agreed to buy US renewable gas producer Archaea for $4.1 billion to help the British oil giant reach...

Published 17 Oct, 2022 06:41pm

Markets

Miners and energy stocks help FTSE 100 end volatile week higher

LONDON: UK’s blue-chip index ended higher on Friday, as a surge in energy and mining stocks capped a volatile week...

Published 12 Sep, 2022 06:01am

Markets

UK’s FTSE 100 falls as weak oil drags on commodity-linked stocks

Energy and mining stocks fall
Rio Tinto to face US lawsuit

Published 08 Sep, 2022 05:43am

Business & Finance

Saudi Aramco profit soars on higher prices and refining margins

DUBAI: State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in...

Published 15 Aug, 2022 05:41am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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