BP
NYSE · Energy
BP p.l.c.
$37.81
-1.52 (-3.86%)
BP News30 articles
Shell Shares Dip as Oil Price Decline and Buyback Pause Weigh
Shell shares declined 0.32% in London as Brent crude fell to a three-month low and the company paused its $3 billion buyback ahead of the ARC Resources acquisition, removing near-term support.
Quantum Stocks End Week Mixed as Government Funding Boost Fades
Quantum stocks closed mixed on Friday as the government-funding rally lost steam. IonQ, Rigetti, and D-Wave saw varied results, with investors focused on final CHIPS Act terms and upcoming milestones.
London Stocks Slip as Oil Surge Offsets Tate & Lyle Deal Boost
The FTSE 100 slipped 0.28% as a jump in oil prices boosted energy stocks but weighed on airlines and tech, while Tate & Lyle soared 13% on a £2.7bn cash takeover by Ingredion.
Oil Slips on Ceasefire Hopes, Tight Inventories Loom
Oil prices dropped Friday on ceasefire optimism, but tight inventories and summer demand risks could trigger a price spike.
BP Boardroom Turmoil Deepens as Ousted Chairman Fights Back
BP shares dropped 5.3% last week after chairman Albert Manifold was ousted, triggering reports of deeper boardroom clashes and raising questions about the company's turnaround.
FTSE 100 Posts Consecutive Monthly Gains, June Awaits Data and Ceasefire Outcome
FTSE 100 slipped 0.16% Friday but secured a 0.3% monthly gain in May. FTSE 250 surged 4.3% for the month. Ocado shares rallied after Asda selected it for an e-commerce upgrade.
BP Shares Slip 0.6% Despite Oil Surge as Debt Concerns Loom
BP shares declined 0.6% in London despite a 2% rise in Brent crude to $98.21, as investors focused on the company's rising net debt of $25.3 billion and paused buybacks.
FTSE 100 Rises on Oil Surge, Kingfisher Gains
The FTSE 100 rose 0.86% to 10,556.60, led by oil stocks and Kingfisher, while Brent crude jumped over 2% on US strikes in Iran. UK shop prices rose 1.2% in May.
FTSE 100 Gains Capped as UK Data Eases Rate Hike Concerns
The FTSE 100 snapped a four-week losing streak on Friday, closing up 0.22% as weaker UK economic data eased rate hike fears. Markets were closed Monday for the Spring Bank Holiday.
Brent Crude Surges Past $105 on Hormuz Supply Concerns
Brent crude rose 3.2% to $105.88 on Friday as traders doubted a swift U.S.-Iran deal would restore oil flows through the Strait of Hormuz. The IEA warned of a potential supply red zone by August.
London Stocks Edge Higher Amid Mixed UK Economic Signals
FTSE 100 gained 0.37% in early trade, supported by BT, Compass, and 3i, while UK retail sales dropped 1.3% and public borrowing hit £24.3 billion.
Strait of Hormuz Tanker Traffic Resumes Amid Persistent Oil Supply Risks
Three supertankers moved 6 million barrels of crude through the Strait of Hormuz, but U.S. Navy warns area remains high risk. Brent crude fell 4% on Iran talks progress.
Exxon and Chevron Warn of Unpriced Hormuz Disruption Risks as Oil Reserves Drain
Exxon and Chevron warn oil markets haven't fully absorbed the Strait of Hormuz disruption. U.S. emergency reserves hit a record low, while Brent crude settled at $111.28.
FTSE 100 Dips as Oil Breaches $100, Political Uncertainty Weighs
London's FTSE 100 slipped 0.75% on renewed U.S.-Iran tensions pushing oil above $100, while Labour's election losses added political uncertainty. IAG cut its profit outlook on rising fuel costs.
Brent Crude Tumbles Below $100 as Hopes for US-Iran Agreement Rise
Brent crude dropped below $100 on Thursday as traders anticipated a US-Iran deal could reopen the Strait of Hormuz. WTI fell 1.9% to $93.15, and US distillate exports hit a record 1.9 million bpd.
Shell Shares Slide as Buyback Reduction Overshadows Profit Beat
Shell shares dropped 3.9% as a reduced share buyback program offset first-quarter earnings that beat forecasts. Net debt increased to $52.6 billion.
Brent Crude Dips Below $100 as Iran Talks Progress, Supply Constraints Persist
Brent crude slipped below $100 as traders weigh Iran peace talks, but U.S. inventories fell sharply, distillate stocks hit 2005 lows, and Asian fuel exports plunged, keeping supply concerns front and center.
FTSE 100 Slips as Energy Stocks Weigh on Market
London's FTSE 100 fell 0.34% as energy stocks dragged, while the FTSE 250 rose 0.6% on travel gains amid lower oil prices and peace deal hopes.
FTSE 100 Bounces Back as Miners, Banks, and Diageo Lead Recovery
The FTSE 100 rallied 1.6% on Wednesday, recovering from Tuesday's drop, with miners, banks, and Diageo leading gains as oil prices eased and US-Iran talks progressed.
Detroit Gasoline Prices Surge 66 Cents Amid Iran Conflict and Refinery Disruption
Metro Detroit gas prices surged 66 cents to $4.82 per gallon amid Iran war fallout and a BP refinery outage, with Brent crude settling at $114.44. Michigan's average of $4.83 exceeds the U.S. average.
Indiana Gas Nears $5 as Refinery Snag and Strait Tensions Spike Prices
Indiana's average gas price jumped to $4.417, with some stations hitting $4.99, as BP's Whiting refinery outage and Strait of Hormuz tensions rattle supply.
U.S. Gasoline Prices Surge to $4.30 Amid Iran Tensions and Refinery Snags
Gasoline prices rose to $4.30 a gallon, the highest since 2022, as the Iran war and refinery problems boosted crude costs. Record U.S. oil output hasn't prevented the surge.
U.S. Gasoline Prices Surge to $4.229, Outlook Points Higher Amid Supply Squeeze
U.S. gasoline prices hit $4.229 per gallon, the highest since July 2022, driven by falling inventories, refinery outages, and crude above $100. The outlook points to further increases as summer demand nears.
US Gasoline Average Surges to $4.23 as Iran Strait Crisis Tightens Supply
US gasoline prices surged to $4.229/gallon Wednesday, up 21 cents in a week, as Brent crude topped $114 on Iran Strait of Hormuz disruptions and Midwest refinery outages.
BP Q1 Profit Surges to $3.2B on Iran Conflict Boost
BP's first-quarter profit more than doubled to $3.2 billion, fueled by higher crude prices from the Iran conflict, beating analyst estimates by 20%. Net debt increased to $25.3 billion.
IEA Chief Warns Oil Crisis Has Permanently Damaged Trust in Fossil Fuels
IEA chief Fatih Birol warns the oil crisis has permanently damaged trust in fossil fuels as Brent tops $110. Global oil demand is set to contract by 80,000 bpd this year, with Asia imports hitting a decade low.
Oil Surge Past $110 Fuels Energy Stocks as Geopolitical Risk Intensifies
Brent crude surged past $110 a barrel as U.S.-Iran talks stalled, disrupting Strait of Hormuz flows. Exxon, Chevron, ConocoPhillips lead energy stocks; BP posts $3.2B Q1 profit.
Oil Jitters Test AI Rally: Nvidia, GM, Hilton in Focus
U.S. stock futures edged lower Tuesday as oil prices stayed elevated due to the U.S.-Iran standoff. Nvidia hit a record high, while GM and Hilton raised outlooks.
BP's Strong Profit Boosts FTSE 100; Barclays and Taylor Wimpey Slide
BP's $3.2B profit drives FTSE 100 higher, but Barclays drops on credit provisions and Taylor Wimpey slumps on cost inflation warnings.
London Shares Dip as Oil Rally and Fresh Tariff Threats Weigh on Sentiment
The FTSE 100 slipped 0.35% on Friday, pressured by rising oil prices above $105 and a new US tariff threat against the UK. Energy stocks gained, but Mondi fell sharply after a 27% profit drop.