BP p.l.c. ($BP) Stock Forecast: Down 6.3% Today

What is BP p.l.c.?

BP (NYSE: BP) is a multinational oil and gas company headquartered in London, UK. The company is involved in various aspects of the energy industry, including exploration, production, refining, distribution, and marketing.

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

BP stock is down 6.3% on Jun 26, 2025 15:41

• The bearish movement in BP's stock price today could be attributed to the squashing of takeover rumors by a competitor. The confirmation that the competitor has not made an offer or held talks with BP, along with the ban on bids unless invited by BP or a competing offer emerges, may have disappointed investors hoping for a potential acquisition.
• The information about a rival company's long-term strategy to boost earnings and thrive in volatile markets could have also impacted BP's stock negatively, as it highlights a competitor's proactive approach in the energy sector.
• Additionally, the milestone achieved by BP's GTA project with the Gimi FLNG reaching a certain milestone may not have been sufficient to counterbalance the overall market sentiment influenced by the takeover rumors and a competitor's strategic initiatives.

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BP Technical Analysis

BP News

Shell Squashes BP Takeover Rumors, Hits Six-Month Ban - Shell ( NYSE:SHEL ) , BP ( NYSE:BP )

Shell confirmed it has not made an offer or held talks with BP and is restricted from doing so under Rule 2.8 of the Takeover Code. UK rules allow a six-month pause on BP bids unless BP invites one or a competing offer emerges. Market-moving news hits Benzinga Pro first-get a 30-minute edge and ...

https://www.benzinga.com/m-a/25/06/46112992/shell-squashes-bp-takeover-rumors-hits-six-month-ban

Shell plc ( "Shell" ) statement re BP plc ( "BP" ) - Shell ( NYSE:SHEL )

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION THIS ANNOUNCEMENT IS AN ANNOUNCEMENT UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS ( THE "CODE" ).

https://www.benzinga.com/pressreleases/25/06/g46108466/shell-plc-shell-statement-re-bp-plc-bp

How ExxonMobil's Long-Term Strategy Offers Stability Amid Volatility

XOM launches 10 major energy projects in 2025, aiming to boost earnings by over $3B and thrive in volatile markets.

https://www.zacks.com/stock/news/2544739/how-exxonmobils-long-term-strategy-offers-stability-amid-volatility

BP's GTA Project Hits New Milestone as Gimi FLNG Reaches COD

Gimi FLNG ramps up LNG output to 2.4 mtpa, equivalent to 90% of the unit's nameplate capacity, at the BP-operated GTA project.

https://www.zacks.com/stock/news/2543953/bps-gta-project-hits-new-milestone-as-gimi-flng-reaches-cod

What Makes Chevron's Gulf of America Oil Bet So Compelling

CVX eyes a significant output boost from the Gulf of America by 2026, driven by new deepwater projects like Ballymore and Whale.

https://www.zacks.com/stock/news/2535523/what-makes-chevrons-gulf-of-america-oil-bet-so-compelling

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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.

25.05.2025 - BP Stock was up 8.7%

• BP's recent upward movement may be linked to a significant achievement in its Gimi FLNG project at the GTA project, resulting in heightened LNG production.
• The positive developments for BP stand out compared to a strategic announcement from another major player, potentially leading investors to favor BP's current performance over future projections from the competitor.
• A significant oil investment by Chevron in the Gulf of America could have also positively influenced the overall market sentiment in the industry, benefiting companies operating in a similar capacity to BP.

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.

26.05.2025 - BP Stock was down 6.3%

• The bearish movement in BP's stock price today could be attributed to the squashing of takeover rumors by a competitor. The confirmation that the competitor has not made an offer or held talks with BP, along with the ban on bids unless invited by BP or a competing offer emerges, may have disappointed investors hoping for a potential acquisition.
• The information about a rival company's long-term strategy to boost earnings and thrive in volatile markets could have also impacted BP's stock negatively, as it highlights a competitor's proactive approach in the energy sector.
• Additionally, the milestone achieved by BP's GTA project with the Gimi FLNG reaching a certain milestone may not have been sufficient to counterbalance the overall market sentiment influenced by the takeover rumors and a competitor's strategic initiatives.

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.