Sectors News Results

  • BP Signals Recovery for Oil Industry in Wake of Pandemic

    LONDON-- Oil giant BP PLC (BP) said it had a solid start to the year, aided by higher energy prices and strong results from its trading division, giving the first indication that major oil companies are on the road to recovery after pandemic-induced losses across the industry last year. The company said Tuesday it was on track to lower net debt to $35 billion in the first quarter, a level it has said could trigger share buybacks. BP previously said it expected to reach the target between the...

Search News

Filter Results

Publication Date

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.