BP Stock News

Tension in the Middle East is the top risk facing energy markets, BP CEO Murray Auchincloss told an industry event in Abu Dhabi.

24/7 Wall St. Insights Spot oil dropped almost 7% after Israel did not target Iranian oil.

BP is taking the right steps to act like an oil company again, but more work is needed. Until investors see plans for volume growth, improved returns, and better capital allocation, they may continue to punish the stock. The shares are a Hold, at least until the company's strategy update in February gives us more information.

Jefferies reaffirmed its price target for BP PLC (LSE:BP.) at £5.40 (a 42% premium to the current share price), citing its commitment to balancing shareholder returns against financial prudence.

Start Time: 09:00 January 1, 0000 10:09 AM ET BP p.l.c. (NYSE:BP ) Q3 2024 Earnings Conference Call October 29, 2024, 09:00 AM ET Company Participants Murray Auchincloss - CEO Kate Thomson - CFO Craig Marshall - SVP and Head, IR Conference Call Participants Josh Stone - UBS Giacomo Romeo - Jefferies Irene Himona - Bernstein Biraj Borkhataria - RBC Doug Leggate - Wolfe Lydia Rainforth - Barclays...

BP PLC (LSE:BP.) scraped past forecasts in its third quarter, notes Jefferies with a comment that it will review the scope for buybacks reflecting the underwhelming tone of the statement.

Global refining margins are dismal as global oil demand growth remains below average due to sluggish economic activity in China, BP CEO Murray Auchincloss said on Tuesday.

BP (BP) on Tuesday posted third-quarter profit that fell well short of analysts' forecasts, dragged by weaker refining margins and oil trading.