Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  BP plc    BP.   GB0007980591

BP PLC (BP.)

Delayed Quote. Delayed  - 07/25 09:55:38 am
451.9 GBp   -0.04%
08:49aDJBP : Must Show It's at Last Set to Grow in Wake of Spill -- WSJ
04:56aDJBP Tries to Regain Its Footing With the 2010 Spill Behind It
07/21 ROYAL DUTCH SHE : BP eyes sell-off of UK oil terminals and pipeline ..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

U.S. Asks BP to Respond to Alleged Market Manipulation

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/05/2013 | 05:55pm CEST

WASHINGTON--U.S. regulators ordered BP PLC (BP, BP.LN) on Monday to respond to charges that it allegedly manipulated natural gas markets.

The order, issued by the Federal Energy Regulatory Commission, is the latest development in an inquiry dating back to at least 2011. The order directs BP to show why it should not pay a $28 million civil penalty and give up $800,000 in profits.

The energy commission claims London-based BP violated the Natural Gas Act by manipulating natural gas markets at Houston Ship Channel from September 2008 to November 2008.

BP spokesman Geoff Morrell said in a statement that the allegations "are without merit and we stand by what we previously disclosed...that BP natural gas traders did not engage in any market manipulation in late 2008."

Mr. Morrell said BP would "vigorously defend against these allegations."

If BP contests Monday's order, the energy commission can respond by issuing a civil penalty. The charges can move through a hearing process and could eventually end up in a federal court.

FERC has stepped its enforcement activity in recent years following passage of a new law that bolstered its powers. In July, FERC issued a $435 million civil penalty to Barclays PLC (BARC, BARC.LN) for alleged energy market manipulation--a charge Barclays has vowed to fight. More recently, FERC and JP Morgan Ventures Energy Corp. reached a $410 million settlement following charges of electricity market manipulation in California and the Midwest.

Write to Tennille Tracy at tennille.tracy@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BP PLC
08:49aDJBP : Must Show It's at Last Set to Grow in Wake of Spill -- WSJ
04:56aDJBP Tries to Regain Its Footing With the 2010 Spill Behind It
07/23 BP : Pipeline work to close part of popular rail line
07/21 ROYAL DUTCH SHELL A : BP eyes sell-off of UK oil terminals and pipeline stake
07/21 Officials defend Prudhoe Bay demands
07/21 PRESS : BP To Sell Stake In Major UK Pipeline As Part Of Shake-Up
07/20 Norway to examine competition conditions in oil industry
07/20 BP eyeing sale of U.K. oil terminals and pipeline stake - Telegraph
07/19 BP : Eni and BP find 700bn feet of gas in south Baltim reservoir
07/19DJNorth Sea Oil Firms Buoyed by Brexit
More news
Sector news : Oil & Gas Refining and Marketing - NEC
08:49aDJSummer Offers Refiners No Relief -- WSJ
04:56aDJBP Tries to Regain Its Footing With the 2010 Spill Behind It
07/22DJCorrection to InterOil Article on Monday
07/22DJCorrection to InerOil Article on Thursday
07/21DJSantos 2Q Revenue Falls, Maintains Annual Output Target
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
07/23 Det Norske Merger With BP Norge Creates Another 50%+ Upside Potential
07/22 BP : $62 Billion Later
07/21 Risk-Reward Of The Market - Cramer's Mad Money (7/20/16)
07/20 CRUDE OIL : The Gasoline Glut Continues
07/20 REPORT : BP plans sale of U.K. oil storage terminals, pipeline stake
Advertisement
Financials ($)
Sales 2016 185 254 M
EBIT 2016 6 101 M
Net income 2016 2 955 M
Debt 2016 32 060 M
Yield 2016 6,69%
P/E ratio 2016 34,96
P/E ratio 2017 15,95
EV / Sales 2016 0,77x
EV / Sales 2017 0,63x
Capitalization 111 294 M
More Financials
Chart BP PLC
Duration : Period :
BP plc Technical Analysis Chart | BP. | GB0007980591 | 4-Traders
Full-screen chart
Technical analysis trends BP PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 6,09 $
Spread / Average Target 2,8%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Robert W. Dudley Group Chief Executive Officer & Executive Director
Carl-Henric Svanberg Chairman
Brian Gilvary Group Chief Financial Officer & Executive Director
Cynthia Blum Carroll Independent Non-Executive Director
Paul Milton Anderson Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
BP PLC27.71%112 365
EXXON MOBIL CORPORATIO..20.60%389 823
ROYAL DUTCH SHELL A18.61%225 763
CHINA PETROLEUM & CHEM..-3.02%87 342
SAUDI BASIC INDUSTRIES..--.--%66 621
RELIANCE INDUSTRIES LI..0.54%48 978
More Results