Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Ithaca Energy PLC ( (GB:ITH) ) has shared an announcement.
Ithaca Energy announced a favorable ruling that will enable the continuation of the Rosebank project, with Equinor as the operator. The project is expected to bring £8.5 billion in direct investment, supporting thousands of jobs and complying with upcoming environmental guidelines. This development reinforces Ithaca Energy’s strategic position in the UK energy sector and its commitment to sustainable practices.
More about Ithaca Energy PLC
Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea, known for its significant value creation through organic growth and acquisitions. It is one of the largest independent oil and gas companies in the UK Continental Shelf, with a strong emphasis on delivering energy security and sustainability through innovative operational practices and a commitment to emissions reduction.
YTD Price Performance: 14.86%
Average Trading Volume: 1,516,640
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.08B
See more insights into ITH stock on TipRanks’ Stock Analysis page.
