Loading...
Loading...
BP
BP issues $7.8B of shares in a share swap with Russia's largest oil producer. This accompanies an agreement on an offshore drilling project in arctic Russian oil fields. Rosneft will hold 5% of BP's voting shares; BP will hold 9.5% of Rosneft shares. As of 4:35pm EST, the press conference included very few corporate comments aside from document signatures. Company executives are slated to release comments on the arrangement soon.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in