BP p.l.c. ($BP) Stock Forecast: Down 2.0% Today

What is BP p.l.c.?

BP (NYSE: BP) operates globally in the oil and gas industry, with its headquarters located in London, UK.

Why is BP p.l.c. going down?

BP stock is down 2.0% on Jun 4, 2025 15:50

• The recent decrease in BP's stock price might be related to investors taking profits following a recent uptrend.
• Noteworthy achievements like forming stronger connections in Azerbaijan, progressing in carbon storage endeavors in the UK, and achieving successful gas production in Trinidad were overshadowed by potential concerns in the sector or prevailing market conditions.
• Investors could be exhibiting caution towards the future prospects of traditional oil and gas companies like BP, given the increasing emphasis on sustainable energy sources and the shift towards a carbon-neutral economy.
• Market fluctuations could also reflect geopolitical dynamics, global oil price movements, or specific operational challenges encountered by BP.

BP Price Chart

BP Technical Analysis

BP News

BP Strengthens Azerbaijan Ties With Major Gas Project, New Exploration - BP ( NYSE:BP )

BP approved $2.9 billion Shah Deniz Compression project to increase gas output by 2029. The company secured operator rights in two Caspian Sea blocks and launched a 240MW solar plant. Get access to the leaderboards pointing to tomorrow's biggest stock movers.

https://www.benzinga.com/markets/large-cap/25/06/45750179/bp-strengthens-azerbaijan-ties-with-major-gas-project-new-exploration

BP Taps Noble Rig for Key Role in UK Carbon Storage Project

BP picks Noble's Innovator rig to drill six NEP wells, advancing the UK's flagship carbon storage project in the North Sea.

https://www.zacks.com/stock/news/2479433/bp-taps-noble-rig-for-key-role-in-uk-carbon-storage-project

BP Announces First Gas At Mento Off Trinidad's Southeast Coast - BP ( NYSE:BP )

BP Trinidad and Tobago successfully commenced gas production from the Mento development. Mento is a 50/50 joint venture, part of BP's plan for 10 major projects contributing 250,000 boed peak net production by 2027.

https://www.benzinga.com/news/large-cap/25/05/45665087/bp-announces-first-gas-at-mento-off-trinidads-southeast-coast

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BP p.l.c. Price History

03.03.2025 - BP Stock was down 7.1%

• BP's decline is possibly linked to the decision to sell assets in Austria, raising concerns about its profitability and future growth.
• Despite acquiring gas licenses in Israel and progressing projects in Trinidad & Tobago, investors may have been more focused on the asset divestment plans, resulting in a negative market sentiment.
• The uncertain energy market environment, alongside the strategic shift towards asset sales, likely contributed to the bearish movement in BP's stock price.

03.03.2025 - BP Stock was down 5.2%

• The bearish movement in BP's stock today could be attributed to the company's plans to offload its Austrian retail sites and EV assets, which might be seen as a strategic shift away from certain sectors.
• Despite securing licenses for offshore gas exploration and receiving approval for oil field redevelopment projects, investors may have concerns about the potential impact of these divestments on BP's overall revenue and growth prospects.
• The market might be reacting to the news of BP's significant divestment program and the focus on specific projects, leading to uncertainty about the company's future earnings and market positioning.

04.05.2025 - BP Stock was down 2.0%

• The recent decrease in BP's stock price might be related to investors taking profits following a recent uptrend.
• Noteworthy achievements like forming stronger connections in Azerbaijan, progressing in carbon storage endeavors in the UK, and achieving successful gas production in Trinidad were overshadowed by potential concerns in the sector or prevailing market conditions.
• Investors could be exhibiting caution towards the future prospects of traditional oil and gas companies like BP, given the increasing emphasis on sustainable energy sources and the shift towards a carbon-neutral economy.
• Market fluctuations could also reflect geopolitical dynamics, global oil price movements, or specific operational challenges encountered by BP.

29.09.2024 - BP Stock was down 5.0%

• BP's Q3 earnings surpassed estimates because of higher liquids production, while revenues dipped due to weaker refining margins.
• The stock fell following Q3 revenue missing expectations, production declining, and debt increasing, causing investor concerns.
• A decrease in crude oil prices by over 6% due to geopolitical tensions had a negative effect on BP's stock before its earnings announcement.
• The announcement of BP signing a new agreement for subsea solutions did not significantly impact the downward trend of the stock.

04.03.2025 - BP Stock was down 8.9%

• The bearish movement in BP's stock price could be attributed to activist hedge fund Elliott Management pressuring the company for changes, including the search for a new Chair. This uncertainty and potential shakeup in leadership may have spooked investors, leading to a sell-off.
• Despite positive developments such as the kick-off of gas production in the Caribbean and securing offshore gas licenses in Israel, the overall market sentiment may have been overshadowed by the internal challenges and pressure from activist investors.
• The drop in ExxonMobil's shares could have also contributed to the bearish trend in BP's stock, reflecting broader concerns in the oil and gas sector.
• Investors might be cautious about BP's future direction amidst the push for changes and the need to navigate a volatile business environment.

09.03.2025 - BP Stock was down 7.1%

• The halt of the clean jet fuel project at the Castellon refinery in Spain possibly affected investor sentiment negatively, hinting at a slowdown in BP's low-carbon spending plans.
• The initiation of gas production at the Cypre project in the Caribbean couldn't counterbalance the bearish trend, indicating investors' current focus on the company's setbacks over future prospects.
• Pressure from activist hedge fund Elliott Management for changes within BP, such as seeking a new Chair, likely introduced uncertainty and contributed to the bearish market movement.
• Reports of ExxonMobil's shares showing a drop in volume might have also impacted BP's stock negatively, reflecting a broader trend of volatility and uncertainty in the oil and gas sector.

10.03.2025 - BP Stock was up 6.0%

• The bullish movement in BP's stock can be attributed to the positive sentiment in the oil and gas sector following recent developments related to trade policies. This decision has eased trade concerns and boosted confidence in global demand and export stability.
• The market response to the halt of BP's clean jet fuel project in Spain and the positive news of the company's successful gas production kick-off in the Caribbean suggests a favorable outlook for BP's stock.
• Reports of BP searching for a new Chair have led to some uncertainty, but investors seem optimistic about potential changes in the company's leadership, which could be driving the bullish movement in the stock.

22.03.2025 - BP Stock was up 5.2%

• The bullish movement in BP's stock today is linked to the successful shipment of its first LNG cargo from the Greater Tortue Ahmeyim Phase 1 project, underscoring progress in production milestones and expansion strategy.
• Unveiling oil reserves in the Far South Prospect within the Gulf of America, in partnership with CVX, may have contributed to the positive market sentiment, signaling growth prospects for BP in the area.
• These recent events demonstrate BP's dedication to enhancing its operations and pursuing new opportunities, potentially elevating investor confidence and propelling the stock's rise.

09.06.2024 - BP Stock was down 5.1%

• BP's bearish movement today can be attributed to projecting up to $2 billion in impairment charges for the second quarter, indicating potential financial challenges ahead.
• Weak refining margins are likely to impact BP's earnings negatively, leading to a decrease in investor confidence and a downward pressure on the stock price.
• The overall market sentiment towards oil and gas companies, as indicated by BP's movement, seems to be cautious due to uncertainties in demand and profitability, contributing to the bearish trend in the stock.

30.06.2024 - BP Stock was down 0.3%

• Despite strong Q2 earnings and increasing dividends, BP's stock experienced a bearish movement.
• The bearish sentiment in the oil markets, with Brent breaking below $80, and concerns about global demand impacting oil prices, likely influenced BP's stock performance negatively.
• Investors may have been more focused on the overall bearish trend in the oil markets rather than BP's specific positive financial results, leading to the stock's decline.
• The extended share repurchasing program and increased dividends may not have been enough to offset the broader market concerns affecting BP's stock price.

04.03.2025 - BP Stock was down 9.4%

• BP's initiation of the search for a new Chair, driven by pressure from activist hedge fund Elliott Management, could have instilled uncertainty and negative sentiment among investors.
• Even with recent achievements like acquiring Israeli offshore gas licenses and advancing the Ginger gas project in Trinidad, market response seems dampened by concerns from Elliott Management.
• Speculation surrounding leadership alterations and activist engagement may have sparked doubts about the firm's strategic path and plans, prompting the bearish stock movement.
• Investors may be wary of the potential impact of these proposed changes on BP's activities and financial performance, contributing to the stock's downward trajectory.

03.02.2025 - BP Stock was down 3.3%

• Today, BP's stock experienced a bearish movement, potentially due to the company's revised strategy placing more emphasis on profits than green transition, resulting in reduced spending on renewable energy projects.
• Additionally, the recent signing of a significant oilfield redevelopment agreement may have contributed to the negative market sentiment, as investors may be uneasy about BP's increased focus on traditional oil and gas ventures.
• Speculation surrounding a potential merger between BP and Shell is likely adding to the uncertainty surrounding BP's stock performance. Industry consolidation could prompt concerns about BP's future positioning and market share.