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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 |
From May 2019 to May 2024
By Maryam Cockar
BP PLC (BP.LN) said Friday that it has signed a joint venture agreement with Shandong Dongming Petrochemical Group to develop retail fuel stations across the Chinese provinces of Shandong, Henan and Hebei.
Subject to regulatory approvals, the partnership with Dongming Petrochemical will start operations in this year and the network is expected to grow to 500 sites within a decade, BP said.
The FTSE 100-listed oil company will have a 49% stake in the new joint venture and Dongming Petrochemical will have the remaining 51%.
BP currently operates over 740 dual-branded retail gas stations in Guangdong and Zhejiang provinces with partners, China National Petroleum Corp and China Petroleum & Chemical Corp, respectively. Across this network BP serves 400,000 customers and sells over 12 million liters of gasoline and diesel a day.
At 1446 GMT, shares in BP were down 4.50 pence, or 0.9%, at 497.10 pence.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
February 02, 2018 10:10 ET (15:10 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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