BP Stock Stumbles After Warning Russia Sanctions May Impact Business

Now watching

Next video starts in : 7 Play

BP Stock Stumbles After Warning Russia Sanctions May Impact Business

BP Stock Stumbles After Warning Russia Sanctions May Impact Business
Replay video
Up next

'Call me Caitlyn': Vanity Fair editor and stylist talk to Katie Couric

Unlock your personal NFL Now stream by signing in to NFL.com

BP Stock Stumbles After Warning Russia Sanctions May Impact Business

by TheStreet.com Videos 1:06 mins

BP Stock Stumbles After Warning Russia Sanctions May Impact Business

by TheStreet.com Videos 1:06 mins

Shares of BP dropped on Tuesday making it TheStreet's Move of the Day. The oil giant reported fiscal second-quarter earnings that exceeded Wall Street's expectations, but guidance worried investors as BP warned in its earnings statement that Western economic sanctions against Russian-owned Rosneft could impact their bottom line. CEO Robert Dudley chose to sidestep further questioning during the conference call, instead saying that BP takes a "very long term view" on projects in Russia and other parts of the world. Dudley said: "[W]e make our investment decisions on a long view of the country's future and not on the state of the politics and relationships between a country and other nations at a particular moment."

Must Watch

Must Watch

  1. 'Call me Caitlyn': Vanity Fair editor and stylist talk to Katie Couric

  2. 27:18

    Community Episode 13: Emotional Consequences of Broadcast Television

  3. 3:16

    20 Awkward Questions With: Jason Statham & Melissa McCarthy

  4. 1:15

    'The Good Dinosaur' Trailer

  5. 1:45

    Ed Sheeran Covers Heavy Metal Hits on 'Fallon'

  6. 2:40

    'Joe Dirt 2' Trailer

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 30:58

    Community Episode 4: Queer Studies and Advanced Waxing

  5. 28:45

    Community Episode 5: Laws of Robotics and Party Rights

  6. 28:13

    Community Episode 6: Basic Email Security

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless