U.S. refiner Tesoro Corp has received formal approval from California's attorney general to purchase a BP Plc refinery for more than $2 billion. Attorney General Kamala Harris said her office and the California Energy Commission would monitor gas prices, volume and refinery capacity. A deal with the company also provides for safeguards against price spikes.
BP p.l.c. (BP) is an integrated oil and gas company. Shares of BP traded higher by 0.54% or $0.23/share to $42.98. In the past year, the shares have traded as low as $36.25 and as high as $45.45. On average, 6732520 shares of BP exchange hands on a given day and today's volume is recorded at 2784213.
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