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

What is BP p.l.c.?

BP, a multinational oil and gas company with global operations, observed a significant bearish movement in the market.

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

BP stock is down 7.1% on Apr 9, 2025 14:55

• 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.

BP Price Chart

BP Technical Analysis

BP News

BP Halts Clean Jet Fuel Project at Spain's Castellon Refinery

BP pauses its Castellon clean jet fuel project in Spain, citing slower-than-expected market growth as it reevaluates low-carbon spending plans.

https://www.zacks.com/stock/news/2442377/bp-halts-clean-jet-fuel-project-at-spains-castellon-refinery

BP Kicks Off Cypre Gas Production in the Caribbean, Off Trinidad

BP's Trinidad and Tobago unit has begun delivering gas from the Cypre project, a key step in its plan to bring 10 major upstream projects online by 2027.

https://www.zacks.com/stock/news/2440821/bp-kicks-off-cypre-gas-production-in-the-caribbean-off-trinidad

BP Begins Hunt for New Chair As Elliott Management Pushes for Changes - BP ( NYSE:BP )

BP begins search for new Chair as Helge Lund plans to step down by 2026. Activist hedge fund Elliott Management has pressured BP for changes. Feel unsure about the market's next move? Copy trade alerts from Matt Maley-a Wall Street veteran who consistently finds profits in volatile markets.

https://www.benzinga.com/25/04/44644494/bp-begins-hunt-for-new-chair-as-elliott-management-pushes-for-changes

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

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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.

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.

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.

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.