The Sunday Times reported by mentioning a sources that BP plc (ADR) (NYSE:BP) plans to take on a prominent Russian to its board of directors as piece of a new commercial alliance with Moscow.
United Kingdom based oil major BP decided current year to sell its half of stake in the TNK-BP joint venture after an acrimonious relationship with its partners regarding the business strategy of joint venture.
The Sunday Times further reported that Chief Executive officer of oil exploration company Bob Dudley discussed the company’s board appointment plan previous week with Russia’s President Vladimir Putin at a summit at his Sochi retreat on the Black Sea.
Spokesperson of the company was not immediately available for remark.
Shifting reader’s focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Chevron Corporation (NYSE:CVX) fell -0.04% to settle at $117.80, Exxon Mobil Corporation (NYSE:XOM) moved up +0.44% to end at $91.92 while ConocoPhillips (NYSE:COP) dropped -0.40% to finish at $57.36 on Friday.
BP plc (ADR) (NYSE:BP)’s last session volume of 3.37 million shares was lower than its average volume of 4.56 million shares. The stock after opening at $43.26 hit high price of $43.39 and then closed at $43.00 by scoring -0.67%.
BP generated revenue of $358.67 billion in the previous twelve months and earned $17.26 billion. The Company showed a positive 4.57% in the net profit margin as well as in its operating margin which remained at 6.91%. Company’s annual sales growth for the past five year was 7.10%.
The BP’s past twelve months’ price to sales ratio was 0.35 and price to cash ratio remained 8.84. As far as the returns are concerned, the BP return on equity was recorded as 15.71% and return on investment increased 8.43% while its return on asset stayed at 6.04%.
The stock showed weekly downbeat performance of -1.96% which was maintained for the month at 0.84%. Likewise the positive performance for the quarter was recorded as 13.34% and for the year was 25.69% while the YTD performance remained at 4.07%.
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