BP

BP

Market cap $85.6B

BP (BP) reached $33.11 at the closing of the latest trading day, reflecting a -1.75% change compared to its last close.

Oil prices fell below $60 per barrel recently due to a combination of oversupply and weak demand.

BP is set to divest its North Sea assets, selling stakes in key licenses to Serica Energy for $232 million, potentially boosting Serica's production profile.

BP PLC's (LSE:BP.) updated guidance ahead of its third-quarter results was not entirely clear but debt continues to be a "large concern", said analysts, and suggests share buybacks may need to be cut back.

BP PLC (LSE:BP.) expects stronger upstream and refining performance in the third quarter of 2025, though oil trading results are likely to be weak.

Third-quarter upstream production is expected to rise from the previous quarter. The company also anticipates a boost of up to $400 million from higher refining margins.

BP expects its upstream production to be above last quarter's, the company said in a trading update on Tuesday ahead of results due on November 4, adding that its oil trading result was weak.

BP secures an arbitration victory over Venture Global in a $1B LNG supply dispute linked to the Calcasieu Pass facility.

Serica Energy PLC (AIM:SQZ) said it has agreed to acquire BP's entire interest in two UK North Sea licences, including a 32% stake in the Culzean condensate field, under a proposed $232 million transaction. The deal also includes BP's interest in the P2544 exploration licence adjacent to Culzean, and remains subject to the waiver of pre-emption rights by joint venture partners.

Oil majors are likely to struggle to protect shareholder payouts over the coming months amid a weaker crude price environment, analysts told CNBC.