BP’s top executive in the US is leaving the company, the oil giant told staff on Friday just weeks after the resignation of the company’s global chief executive Bernard Looney. Dave Lawler, who has served as chair and president of BP America since July 2020, is leaving the company to pursue other interests, according to an internal memo sent to employees on Friday. “We wanted to share that after nine years of service, Dave Lawler, chairman and president of BP America & CEO of BPX Energy, has notified us of his intent to pursue new career opportunities outside of BP,” said the memo, which was seen by the Financial Times.
Energy stocks are getting stronger as oil prices gush higher. Granted, 2023 didn’t begin as strongly for the sector with prices cooling. However, the pendulum is swinging back in the energy sector’s favor as oil prices again rise. High-yield energy shares – in this case, defined by being greater than 4.5% with the exception of two firms – are thus moving into a period of strength. In fact, here are seven high-yield energy stocks you may want to buy and hold immediately. Williams Cos. (WMB) Sourc
This year so far, financial traders have loved technology stocks but didn’t like Verizon Communications (NYSE:VZ) stock very much. However, there’s a value-investing opportunity here. As we’ll see, Verizon’s dividend yield is hard to beat and the company’s shares are trading at a tempting price point. Verizon is a telecommunications giant that’s helping to build out the world’s 5G network infrastructure. I suspect that investors have abandoned Verizon in 2023 because they’re rotating into hyper-