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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bp Plc | LSE:BP. | London | Ordinary Share | GB0007980591 | $0.25 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-5.40 | -1.05% | 510.40 | 509.40 | 509.50 | 516.60 | 506.10 | 516.30 | 26,147,354 | 16:35:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Petroleum Refining | 211.6B | 15.24B | 0.8934 | 5.70 | 86.91B |
By Ed Frankl
BP PLC and Iberdrola SA have agreed to set up a joint venture and invest around 1 billion euros ($1.07 billion) by 2030 in charging infrastructure in Spain and Portugal, the Spanish energy company said Thursday.
The strategic alliance will deploy 12,000 fast-charge points by the end of the decade, through a company 50% owned by Iberdrola Clientes and by BP's Spanish subsidiary BP Energia, Iberdrola said.
The company will in turn incorporate a 100% Portuguese subsidiary to carry on its business in that jurisdiction, it said.
In July, BP and Iberdrola said they would form a joint venture that included installing 5,000 fast-charge points by 2025, and that they were also looking at options to jointly serve e-vehicle customers in the U.K.
The deal won't have a financial impact on Iberdrola's 2023 results, the company said.
Write to Ed Frankl at edward.frankl@wsj.com
(END) Dow Jones Newswires
March 02, 2023 02:26 ET (07:26 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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