BP Stock News

24/7 Wall St. Insights It's been confirmed that the Federal Reserve will start lowering interest rates this month.

Shares in FTSE 100 heavyweights Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) slipped on Friday as oil prices appeared to head towards their largest weekly decline in almost a year.

Weak demand from China is combining with an expected production increase at OPEC to drive oil prices lower today. When oil prices fall, oil stock prices follow them down.

BP PLC (LSE:BP.) has agreed a deal to offload its mature assets in Trinidad and Tobago, though it will retain a presence with a focus on newer shallow water fields.

AI is in and energy is out. As usual. Which is just dandy for contrarian dividend investors like us.

BP's Q2'24 results showed strong performance with a 7% year-over-year growth in core earnings, driven by higher petroleum prices. BP is enhancing shareholder value through $3.5B in stock buybacks in the second half of the year and a 10% dividend increase, signaling robust capital returns. Expansion projects in the Gulf of Mexico represent a catalyst for earnings growth and share price revaluation.

Roger Conrad, editor of Conrad's Utility Investor, and Elliott Gue, editor of Energy & Income Advisor, are experts on utility and energy stocks, respectively. They start by explaining why energy demand should hold up despite concerns about China's economy, and why (and by how much) investment in Artificial Intelligence-related data centers is boosting electricity demand. We also discuss investm...

September is the market's cruelest month — except in presidential election years.