BP (BP) is reiterated as a Buy, driven by a strong turnaround potential, robust fundamentals, and a compelling yield for patient shareholders. BP's renewed focus on oil and gas, asset sales, and scaling back green investments are central to its strategic repositioning and debt reduction. BP delivered solid Q3 results, maintaining solid shareholder returns, though buybacks may have to be adjuste...
BP's Olympic Pipeline system returned to full service over the weekend following a leak east of Everett, Washington that closed the pipeline from mid November.
BP's 440,000-barrel-per-day oil refinery in Whiting, Indiana, has returned to normal operations following a planned maintenance turnaround in September and a fire in October, two sources said.
BP's Olympic Pipeline system remained offline on Monday as the oil major along with state and local authorities continued probing what caused the leak near Everett, Washington. Major airlines have turned to contingency plans to minimize impact on flights during the busy Thanksgiving travel week.
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