BP p.l.c. ($BP) Stock Forecast: Down 7.1% Today

What is BP p.l.c.?

BP operates as a multinational oil and gas company with projects globally. Recent volatility in the energy sector is due to fluctuating oil prices and geopolitical tensions.

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

BP stock is down 7.1% on Apr 3, 2025 17:17

• 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.

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ExxonMobil's Shares Witness Volume Drop: How Should You Play the Stock?

XOM can also lean on its strong balance sheet when its business scenario turns volatile and uncertain.

https://www.zacks.com/stock/news/2439947/exxonmobils-shares-witness-volume-drop-how-should-you-play-the-stock

BP Secures Israeli Offshore Gas Licenses With SOCAR, NewMed

BP expands its natural gas portfolio, joining SOCAR and NewMed in exploring Israel's offshore reserves after winning six key licenses.

https://www.zacks.com/stock/news/2438783/bp-secures-israeli-offshore-gas-licenses-with-socar-newmed

BP Approves Ginger Gas Project Offshore Trinidad & Tobago

BP moves ahead with its Ginger gas project in Trinidad, adding to its growing offshore portfolio and advancing its $10B annual upstream investment plan.

https://www.zacks.com/stock/news/2437500/bp-approves-ginger-gas-project-offshore-trinidad-tobago

BP to Offload 260+ Austrian Retail Sites, EV Assets by Q3

BP plans to divest its Austrian fuel and EV assets, including 260+ retail sites, as part of a $20B disposal program targeting a sales agreement by Q3 2025.

https://www.zacks.com/stock/news/2436870/bp-to-offload-260-austrian-retail-sites-ev-assets-by-q3

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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.

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.

16.03.2024 - BP Stock was down 1.3%

• Today, BP experienced a strong bearish movement in the market, and here's a witty assessment of what might have caused this downturn:
• Institutional investors are doubling down on oil despite divestment pledges, indicating a lack of progress in reducing exposure to companies like BP, which could have contributed to negative sentiment.
• BP's decision to axe jobs and scale back its EV charging business reflects challenges in its diversification efforts, potentially signaling concerns about the company's ability to adapt to changing market dynamics.
• The bullish approach of deep-pocketed investors towards BP, as highlighted by significant options activities, could suggest conflicting sentiments in the market, leading to uncertainty and volatility in the stock price.
• The consideration of BP for a takeover by ADNOC, despite being deemed unsuitable, might have added pressure on the stock as investors speculate on the company's future and competitive position in the industry.

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.

09.06.2024 - BP Stock was down 5.2%

• The bearish movement in BP's stock today could be attributed to the overall bullish sentiment in the market, particularly in the tech sector, as indicated by the continuous rise in US equity futures and record highs in the S&P 500.
• Investors may be shifting their focus towards high-growth tech stocks, such as AI/semi stocks, leading to a sell-off in traditional energy companies like BP.
• The anticipation of dovish hints from Powell regarding potential rate cuts by the Fed could be driving investors towards sectors with higher growth potential, further impacting BP's stock negatively.
• The divergence in performance between tech stocks and traditional energy companies like BP highlights the changing investor preferences and market dynamics influenced by macroeconomic factors.

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.

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.