BP

Research Alert: CFRA Maintains Sell Opinion On Shares Of Bp P.l.c.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price for BP to USD35 (from USD30) on revised EPS forecasts, based on a 2026 P/E of 7.8x, which reflects the five-year average. BP's Q1 2026 RC profit of USD3.2B (+2.1x Y/Y) was within market expectations but exceeded ours, coming in at 25% of the consensus 2026 estimate and 47% of ours. This represents a dramatic reversal from Q4's weakness, which declined 30% sequentially from Q3 2025, as Q1 2026 was boosted primarily by exceptional oil trading contributions and significantly higher realized refining margins of USD16.9/bbl versus Q4's USD15.2/bbl. Hence, we raise our EPS forecasts to USD4.47 (from USD2.74) for 2026 and USD4.02 (from USD2.82) for 2027 on higher crude oil and refining margin assumptions. We maintain a Sell rating on expectations of an oil price downcycle in 2027 after conflict-led elevated levels currently coupled with the stock's positive correlation to Brent crude oil price movements.

Update: BP's Q1 Underlying Profit, Sales Increase - Shares Up Pre-Bell

(Updates with additional details in the fifth and sixth paragraphs.)BP (BP) reported Q1 underlying replacement cost profit Tuesday of $1.24 per American depositary share, up from $0.53 a year earlier.Sales and other operating revenue for the quarter totaled $52.26 billion, up from $46.91 billion a year earlier.Analysts polled by FactSet expected $49.4 billion.The energy major maintained an interim dividend of $0.0832 per share to be paid on June 26 to shareholders of record as of May 15.BP said it anticipates lower Q2 reported upstream production as compared with Q1 due to the Middle East conflict, while 2026 reported upstream production is now expected to be lower from a year earlier, adding that its 2026 underlying upstream production is expected to be mostly flat as compared with 2025.The energy giant said it continues to expect $13 billion to $13.5 billion in capital expenses for 2026.Shares of the company were up over 3% in Tuesday premarket activity.

Research Alert: Bp: Q1 2026 Exceptional Performance May Not Be Sustainable

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BP's Q1 2026 RC profit of USD3.2B (+2.1x Y/Y) was within market expectations but exceeded ours, representing 25% of 2026's consensus estimates and 47% of ours. This dramatic reversal from Q4's 30% sequential decline was boosted by strong oil trading and higher realized refining margins of USD16.9/bbl versus Q4's USD15.2/bbl. We have sustainability concerns about this windfall performance, particularly the customers & products' exceptional 2.1x sequential surge. Management warned of multiple Q2 2026 headwinds, including lower upstream production from seasonal maintenance and Middle East disruptions, lower midstream results, and higher refinery turnaround activity. Updated 2026 guidance now expects reported upstream production to be lower rather than broadly flat as previously guided, with underlying production guidance remaining broadly flat versus previous growth expectations, suggesting Middle East disruptions are having more severe operational impacts than initially anticipated.

BP's Q1 Underlying Profit, Sales Increase - Shares Up Pre-Bell

BP (BP) reported Q1 underlying replacement cost profit Tuesday of $1.24 per American depositary share, up from $0.53 a year earlier.Sales and other operating revenue for the quarter totaled $52.26 billion, up from $46.91 billion a year earlier.Analysts polled by FactSet expected $49.4 billion.The energy major maintained an interim dividend of $0.0832 per share to be paid on June 26 to shareholders of record as of May 15.Shares of the company were up 4% in Tuesday premarket activity.

Sector Update: Energy Stocks Softer Late Afternoon

Energy stocks declined late Friday afternoon, with the NYSE Energy Sector Index shedding 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.2%.The Philadelphia Oil Service Sector Index rose 1.8%, and the Dow Jones US Utilities Index added 0.1%.West Texas Intermediate crude oil fell 1.2% to $94.68 a barrel, and global benchmark Brent rose 0.5% to $105.64 a barrel. Henry Hub natural gas futures shed 3.7% to $2.52 per 1 million BTU.In corporate news, TotalEnergies (TTE) secured financing for its Mirny onshore wind and battery energy storage system project in southeast Kazakhstan. The stock fell 0.7%.X-Energy (XE) shares jumped 27% following their debut on Nasdaq.SLB (SLB) reported mixed Q1 results, reflecting headwinds from the Middle East conflict. The shares rose 2.8% as revenue topped estimates, while earnings fell.BP (BP) and Repsol have been accused of anti-competitive practices in a complaint filed with the European Commission by Spanish fuel wholesaler Hatta Energy, Bloomberg reported. BP shares were down 0.4%.

Sector Update: Energy Stocks Lower in Afternoon Trading

Energy stocks declined Friday afternoon, with the NYSE Energy Sector Index shedding 1.2% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.8%.The Philadelphia Oil Service Sector Index rose 1.8%, and the Dow Jones US Utilities Index added 0.2%Crude oil futures dropped following reports that Iran's Foreign Minister Abbas Araghchi and President Donald Trump's envoys will arrive in Pakistan for peace talks this weekend. Araghchi, the main mediator between Tehran and Washington, is set to arrive in Islamabad with a small delegation, Pakistani government sources and an Iranian source told CNN. Pakistan is brokering the talks between Washington and Tehran, seeking an end to the war in Iran and a reopening of the Strait of Hormuz.West Texas Intermediate crude oil fell 2% to $93.92 a barrel, and global benchmark Brent eased 0.2% to $104.85 a barrel. Henry Hub natural gas futures declined 3.3% to $2.53 per 1 million BTU.In corporate news, X-Energy (XE) shares were up 26% following their debut on Nasdaq.SLB (SLB) reported mixed Q1 results, reflecting headwinds from the Middle East conflict. The shares rose 3.8% as revenue topped estimates, while earnings fell.BP (BP) and Repsol have been accused of anti-competitive practices in a complaint filed with the European Commission by Spanish fuel wholesaler Hatta Energy, Bloomberg reported. BP shares were down 0.8%.

Market Chatter: BP, Repsol Face EU Competition Complaint From Spanish Fuel Wholesaler

BP (BP) and Repsol have been accused of anti-competitive practices in a complaint filed with the European Commission by Spanish fuel wholesaler Hatta Energy, Bloomberg reported Friday.The complaint alleges "coordinated corporate behaviors" among major oil firms and state-backed actions that restrict competition in Spain's fuel distribution market, according to the report.The complaint also names Moeve and infrastructure operator Exolum, alongside the Spanish state, the report said.Hatta Energy also said it faces issues due to tax classification rules that require upfront payments on fuel withdrawals from storage, which some competitors are exempt from, Bloomberg reported.BP, Repsol and Moeve did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Sector Update: Energy Stocks Rise Thursday

Energy stocks rose Thursday with the NYSE Energy Sector Index gaining 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.8%.The Philadelphia Oil Service Sector Index advanced 1.1%, and the Dow Jones US Utilities Index climbed 2.4%.In sector news, President Donald Trump ordered the US Navy to "shoot and kill" any boat that is laying mines in the Strait of Hormuz, according to his Truth Social post. The US and Iran remain at an impasse, with Tehran refusing to negotiate a peace deal as long as the US Navy continues to blockade its ports and Washington refuses to lift the siege. Mediators are trying to get the diplomatic process back on track, including arranging a possible meeting as soon as Friday, the Wall Street Journal reported.West Texas Intermediate crude oil rose 3.6% to $96.32 a barrel, and global benchmark Brent advanced 3.6% to $105.54 a barrel. Henry Hub natural gas futures fell 4.8% to $2.59 per 1 million BTU.US natural gas stocks rose by 103 billion cubic feet in the week ended Friday, a larger gain than the 96 billion increase expected in a survey compiled by Bloomberg and following a revised gain of 60 billion in the previous week.In corporate news, NextEra Energy (NEE) shares jumped 7%. The company reported Q1 adjusted earnings that topped Wall Street estimates.BP (BP) shareholders rejected a proposal that would have eliminated some climate-related disclosure requirements that investors had voted for at previous meetings, and Chair Albert Manifold was elected with 82% of the vote, media outlets reported. BP shares eased 0.1%.Helix Energy Solutions (HLX) and Hornbeck Offshore Services agreed to merge in an all-stock deal to form an integrated offshore services company. Helix shares gained 0.7%.Chevron (CVX) resumed full production at its Wheatstone liquefied natural gas facility in Western Australia after repairs from damage caused by a cyclone last month, Reuters reported. Chevron shares rose 0.7%.

Sector Update: Energy Stocks Rise Thursday Afternoon

Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index rising 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.6%.The Philadelphia Oil Service Sector Index was climbing 1.5%, and the Dow Jones US Utilities Index was rising 2.3%.In sector news, President Donald Trump has ordered the US Navy to "shoot and kill" any boat that is laying mines in Hormuz, according to his Truth Social post on Thursday. On the same day, Iran flaunted its tightened grip over Hormuz with a video of commandos storming a cargo ship named MSC Francesca, Reuters reported. The US and Iran remain at an impasse, with Tehran refusing to negotiate a peace deal as long as the US Navy continues to blockade its ports and Washington refuses to lift the siege. Mediators are trying to get the diplomatic process back on track, including arranging a possible meeting between warring parties as soon as Friday, The Wall Street Journal reported.Front-month West Texas Intermediate crude oil was rising 5.3% to $97.92 a barrel, and the global benchmark Brent crude contract was advancing 4.1% to $106.04 a barrel. Henry Hub natural gas futures fell 5% to $2.59 per 1 million BTU.US natural gas stocks rose by 103 billion cubic feet in the week ended April 17, a larger gain than the 96 billion increase expected in a survey compiled by Bloomberg as of 7:35 am ET and following a revised increase of 60 billion cubic feet in the previous week.In corporate news, PG&E (PCG) reported Q1 adjusted earnings Thursday of $0.43 per share, up from $0.33 a year earlier. Analysts surveyed by FactSet expected $0.40. Its shares were 0.2% higher.Helix Energy Solutions (HLX) and Hornbeck Offshore Services have agreed to merge in an all-stock deal to form an integrated offshore services company. Helix Energy Solutions shares rose 0.6%.BP (BP) shareholders rejected a proposal that would have eliminated some climate-related disclosure requirements that investors had voted for at previous meetings, and Chair Albert Manifold was elected with 81.8% of the vote, media outlets reported Thursday. BP shares were down 0.3%.

Sector Update: Energy

Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index rising 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 0.7%.The Philadelphia Oil Service Sector Index was climbing 1.6%, and the Dow Jones US Utilities Index was rising 2.4%.Front-month West Texas Intermediate crude oil was rising 3.8% to $96.49 a barrel, and the global benchmark Brent crude contract was advancing 3.4% to $105.41 a barrel. Henry Hub natural gas futures fell 5.1% to $2.58 per 1 million BTU.In corporate news, BP (BP) shareholders rejected a proposal that would have eliminated some climate-related disclosure requirements that investors had voted for at previous meetings, and Chair Albert Manifold was elected with 81.8% of the vote, media outlets reported Thursday. BP shares were down 0.6%.

BP Shareholders Reportedly Reject Climate-Disclosure Proposal, Elect Chairman

BP (BP) shareholders rejected a proposal that would have eliminated some climate-related disclosure requirements that investors had voted for at previous meetings, and Chair Albert Manifold was elected with 81.8% of the vote, media outlets reported Thursday.Shareholders also voted down a proposal that would have given BP the option to host fully virtual annual general meetings.Decisions relating to the resolutions "were made in good conscience" as part of an effort to simplify the business, Manifold said, according to a report by The Wall Street Journal.Price: $46.27, Change: $-0.10, Percent Change: -0.22%

BP Shareholders Reportedly Reject Climate-Disclosure Proposal, Elect Chairman

BP Shareholders Reportedly Reject Climate-Disclosure Proposal, Elect Chairman

RBC Raises Price Target on BP to GBP7 From GBP6.40, Keeps Sector Perform Rating

BP's (BP) London stock has an average rating of overweight and mean price target of GBP6.18, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Sector Update: Energy Stocks Advance Late Afternoon

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.The Philadelphia Oil Service Sector Index was climbing 1.6%, while the Dow Jones US Utilities Index fell 1.8%.Front-month West Texas Intermediate crude oil rose 2.8% to $92.13 a barrel, and the global benchmark Brent crude contract was advancing 1.8% to $97.23 a barrel. Henry Hub natural gas futures increased 0.3% to $2.70 per 1 million BTU.In corporate news, Vaalco Energy (EGY) shares jumped 10% after the company said its Etame 14H development well is in an attic position after the company drilled, completed and placed it on production in Gabon.Halliburton (HAL) shares gained 4.1% after it reported lower Q1 adjusted net income and revenue that still topped analysts' expectations.Spain's National Markets and Competition Commission, or CNMC, has shelved its investigation into BP (BP), Repsol, and Cepsa's alleged collusive practices and abuse of their dominant market position, according to a translation of a Tuesday statement from the regulator. BP shares added 1.9%.Shell (SHEL) faces a fresh lawsuit by a Dutch climate activist organization demanding it immediately end its investments in new oil and gas projects, Reuters reported, citing court documents. Shell shares were up 0.9%.

Sector Update: Energy Stocks Rise Tuesday Afternoon

Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1%.The Philadelphia Oil Service Sector Index was climbing 1.4%, while the Dow Jones US Utilities Index fell 1.4%.Front-month West Texas Intermediate crude oil was rising 2.8% to $92.10 a barrel, and the global benchmark Brent crude contract was advancing 3% to $98.30 a barrel. Henry Hub natural gas futures slightly increased to $2.69 per 1 million BTU.In corporate news, Halliburton (HAL) shares gained 3.7% after it reported lower Q1 adjusted net income and revenue that still topped analysts' expectations.Spain's National Markets and Competition Commission, or CNMC, has shelved its investigation into BP (BP), Repsol, and Cepsa's alleged collusive practices and abuse of their dominant market position, according to a translation of a Tuesday statement from the regulator. BP shares gained 1.5%.Shell (SHEL) faces a fresh lawsuit by a Dutch climate activist organization demanding it immediately end its investments in new oil and gas projects, Reuters reported, citing court documents. Shell shares were up 0.4%.BHP (BHP) is looking to pursue large-scale copper exploration in Zambia, Reuters reported Tuesday, citing the country's mines ministry. The company is targeting major deposits that are harder to detect using traditional methods, focusing on deeply buried or geologically concealed resources, the mines ministry quoted Campbell McCuaig, BHP's head of global generative exploration, as saying, Reuters reported. BHP shares were down 1.9%.

Sector Update: Energy Stocks Edge Higher Premarket Tuesday

Energy stocks were edging higher premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.2%.The United States Oil Fund (USO) was up 0.2% and the United States Natural Gas Fund (UNG) was 0.1% lower.Front-month US West Texas Intermediate crude oil was 0.1% lower at $89.51 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 0.4% to $95.07 per barrel, and natural gas futures were down 0.2% at $2.69 per 1 million British Thermal Units.Shell (SHEL) faces a fresh lawsuit by a Dutch climate activist organization demanding it immediately end its investments in new oil and gas projects, Reuters reported, citing court documents. Shares of Shell were 0.7% higher pre-bell.Spain's National Markets and Competition Commission, or CNMC, has shelved its investigation into BP (BP), Repsol, and Cepsa's alleged collusive practices and abuse of their dominant market position, according to a translation of a statement from the regulator. BP stock was up 0.6% premarket.Halliburton (HAL) stock was up more than 1% after the company reported lower Q1 adjusted net income and revenue that still topped analysts' expectations.

Spanish Regulator Clears BP of Alleged Collusion Over Fuel Prices

Spain's National Markets and Competition Commission, or CNMC, has shelved its investigation into BP (BP), Repsol, and Cepsa's alleged collusive practices and abuse of their dominant market position, according to a translation of a Tuesday statement from the regulator.The CNMC was probing complaints filed in 2022 by two industry associations, accusing the companies of colluding to boost their market share on the backdrop of fuel price increases triggered by the conflict between Russia and Ukraine.No evidence of companies' collusion was found, said the CNMC.BP, Repsol, and Cepsa, currently known as Moeve, did not respond to' requests for comments.

European Equities Traded in the US as American Depositary Receipts Decline in Monday Trading

European equities traded in the US as American depositary receipts started the week tracking lower late Monday morning, as the S&P Europe Select ADR Index was falling 0.54% to 1,830.11.From continental Europe, the gainers were led by semiconductor company Sequans Communications (SQNS) and telecommunications company Ericsson (ERIC), which rose 5.3% and 3.9% respectively. They were followed by telecommunications company Nokia (NOK) and internet browser company Opera (OPRA), which increased 2.7% and 2.2% respectively.The decliners from continental Europe were led by biopharmaceutical company Cellectis (CLLS) and lender Banco Bilbao Vizcaya Argentaria (BBVA), which dropped 7.7% and 3.9% respectively. They were followed by lender Banco Santander (SAN) and biopharmaceutical company Grifols (GRFS), which were down 2.5% and 2.4% respectively.The gainers from the UK were led by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and oil and gas company BP (BP), which advanced 15% and 1.4% respectively. They were followed by telecommunications operator Vodafone Group (VOD) and tobacco company British American Tobacco (BTI), which were up 1.1% and 0.5% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX) and communications company WPP (WPP), which lost 7.5% and 2% respectively. They were followed by biopharmaceutical company NuCana (NCNA) and cruise line operator Carnival (CUK), which fell 1.9% and 1.3% respectively.

European Equities Traded in the US as American Depositary Receipts Sharply Higher in Friday Trading

European equities traded in the US as American depositary receipts were climbing higher late Friday morning, rising 1.06% to 1,840.68 on the S&P Europe Select ADR Index, which has gained 1.42% for the week.From continental Europe, the gainers were led by lender Banco Santander (SAN) and software firm SAP (SAP), which advanced 5.3% and 4.2%, respectively. They were followed by healthcare tech company Royal Philips (PHG) and lender Banco Bilbao Vizcaya Argentaria (BBVA), which increased 4.1% each.The decliners from continental Europe were led by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which dropped 9% and 7.4%, respectively. They were followed by telecommunications company Ericsson (ERIC) and medical device maker EDAP TMS (EDAP), which lost 6.2% and 3.6%, respectively.The gainers from the UK were led by cruise line operator Carnival (CUK) and biopharmaceutical company NuCana (NCNA), which rose 9.3% and 7.1%, respectively. They were followed by hospitality company InterContinental Hotels Group (IHG) and lender Barclays (BCS), which were up 4.7% and 4.6%, respectively.The decliners from the UK and Ireland were led by oil and gas companies BP (BP) and Shell (SHEL), which fell 8.1% and 5.2%, respectively. They were followed by telecommunications operator Vodafone Group (VOD) and biotech firm Trinity Biotech (TRIB), which were down 2.7% and 2.6%, respectively.

BNP Paribas Upgrades BP to Outperform From Neutral, Adjusts Price Target to $57 From $38.50