BP PLC ADR (BP)

Sep 24, 2026

State Street Corp reduced its stake in BP p.l.c. by 7.3% in the second quarter, selling 1.18 million shares but still holding 15.04 million shares worth approximately $555.7 million. Despite this, BP reported strong quarterly earnings, exceeding consensus estimates with $2.22 per share and a significant revenue increase, leading to an increased quarterly dividend and a "Moderate Buy" consensus rating from analysts. Other institutional investors showed mixed activity in BP shares, with some increasing and others acquiring new stakes.

Sep 23, 2026

A US judge dismissed Michigan's antitrust lawsuit against four major oil companies—BP, Chevron, Exxon, and Shell—along with the American Petroleum Institute. The lawsuit, filed by Michigan Attorney General Dana Nessel, accused the companies of colluding to impede competition from renewable energy sources like electric vehicles. The judge ruled that antitrust laws do not cover the alleged injuries, apart from energy overcharges, and that the link between the alleged conspiracy and overcharges was too distant.

Sep 23, 2026

JP Morgan has upgraded BP PLC to 'overweight' and increased its price target by 20% to 675p, predicting a 25% upside. The bank sees BP on a "road to redemption," driven by supportive macro conditions, internal renewal efforts, and a focus on balance sheet repair. Analysts expect significant debt reduction by late 2026 and improved fundamentals into 2028, with restructuring contributing to earnings growth.

Sep 22, 2026

BP and Shell shares fell following a drop in crude oil prices by over 2%. This decline was driven by the recovery of Saudi Arabian oil exports and the potential for renewed US-Iran diplomatic talks. Despite ongoing geopolitical risks, initial shipping data showed a significant recovery in Saudi crude exports.

Sep 21, 2026

BP has agreed to sell a five percent stake in the Browse Project to Osaka Gas Co Ltd, following an earlier agreement to sell five percent to GS Energy Corp. This brings BP's total divestment to East Asian LNG buyers to 10 percent in the Australian project, which aims to supply feed gas to the Karratha Gas Plant. The transaction is part of BP's portfolio management and strengthens Osaka Gas's LNG procurement capabilities.

Sep 15, 2026

NewEdge Advisors LLC significantly reduced its stake in BP p.l.c. by 40.8% in the second quarter, now holding 123,000 shares valued at approximately $4.54 million. Despite this reduction, BP reported strong quarterly earnings of $2.22 per share, exceeding estimates, and increased its quarterly dividend to $0.5196 per share, offering a 4.5% yield. Analysts maintain a "Moderate Buy" rating for BP with an average price target of $46.59.

Sep 14, 2026

Two brokers, UBS and RBC, have set a 12-month price target of 700p for BP shares, citing the company's decision to exit renewable energy projects, reduce debt, and implement significant cost savings. However, the author expresses skepticism about this target, pointing to historical share price performance relative to oil prices and the long-term trend away from hydrocarbons. The article suggests that while cost reductions could boost market cap, a sustained rally to 700p is unlikely given current oil price forecasts and geopolitical factors.

Sep 13, 2026

The Manufacturers Life Insurance Company reduced its stake in BP by 14.5% in the second quarter of 2026, selling 175,600 shares but still retaining over 1 million shares valued at approximately $38.2 million. Despite this sale, analysts maintain a "Moderate Buy" rating for BP with an average target price of $46.59. The company reported strong Q2 earnings, beating estimates with an EPS of $2.22 and a 106.1% increase in revenue year-over-year, and also raised its quarterly dividend to $0.5196.