On Tuesday, Shares of BP plc (ADR) (NYSE:BP), added 1.35% and closed at $35.98 in the last trading session. BP stock opened its last trade at $36.16 and after floating in a range of $35.88 to $36.17. The company’s Market capitalization is $111.94 Billion with the total Outstanding Shares of 18.78 million. During the 52-week trading session the minimum price at which share price traded, registered at $27.01 and reached to max level of $37.53.The Earnings per Share of the company stands at $-1.71. BP p.l.c. operates as an integrated oil and gas company worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of natural gas, counting liquefied natural gas (LNG), and power and natural gas liquids (NGLs). It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, in addition to NGLs extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemical products and related services to wholesale and retail customers. It offers lubricants, and related products and services under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemical products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemical products. This segment also sells gasoline, diesel, and aviation fuel. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. This segment also owns and operates 10 refineries in Russia; and refineries in Germany. As of December 31, 2015, it owned and operated about 2,500 retail service stations in Russia and internationally.
Shares of Seagate Technology PLC (NASDAQ:STX), added 0.94% and closed at $35.34 in the last trading session. STX stock opened its last trade at $35.34 and after floating in a range of $34.82 to $35.62. The company’s Market capitalization is $10.56 Billion with the total Outstanding Shares of 298.61 million. During the 52-week trading session the minimum price at which share price traded, registered at $18.42 and reached to max level of $41.83.The Earnings per Share of the company stands at $0.82. Seagate Technology plc (the “Company”) today announced selected preliminary financial information for its fiscal first quarter 2017, which ended on September 30, 2016. Seagate expects to report revenue of approximately $2.8 billion, and GAAP and non-GAAP gross margin of approximately 29%. The Company expects to report HDD exabyte shipments of approximately 67 exabytes, reflecting unit shipments of approximately 39 million and average capacity per drive of 1.7 terabytes.
These preliminary results compare to the Company’s previous forecast for fiscal first quarter 2017 revenue of at least $2.7 billion and non-GAAP gross margin of at least 27%. The strength in the Company’s revenue and gross margin for the quarter was driven primarily by better than expected demand for the Company’s high capacity enterprise HDD product portfolio. Previously announced cost containment measures and restructuring actions continue to progress as planned. GAAP and Non-GAAP operating expenses for the September quarter are expected to be approximately $580 million and $470 million respectively, increasing sequentially from the June quarter primarily due to higher variable compensation related to better financial performance. The Company ended the quarter with approximately $1.5 billion in cash and cash equivalents.