BP

BP

Market cap $91.2B

More than 20 investors and the climate activist shareholder group Follow This have jointly filed resolutions with BP and Shell.  The resolutions call for the oil and gas giants to disclose their strategies for generating value should global demand for their core products decline, the group announced on Wednesday.

The company had been a leader among the oil majors in shifting business away from fossil fuels and toward renewables.

BP PLC's (LSE:BP.) pared-back fourth-quarter trading update offered little to surprise the market, but it reinforced a growing sense of strategic drift as the company approaches a change at the top.

Climate activist shareholder group Follow This and more than 20 other investors have filed resolutions calling on BP and Shell to disclose how they will create value if global demand for oil and gas declines, the group said on Wednesday.

BP isn't even waiting for its new CEO to start before taking a big charge over its push into renewable energy.

BP PLC (LSE:BP.) has warned it will take impairment charges of between $4 billion and $5 billion in the final quarter of 2025, largely linked to its transition businesses, as the oil major prepares investors for a weaker end to the year.

The energy company joins British peer Shell in warning that weak fourth-quarter oil-trading performance would drag on earnings.

BP flagged in a trading statement on Wednesday that it expects to book $4 billion to $5 billion in impairments in the fourth quarter, mainly related to its energy transition businesses, and that its oil trading was weak.

Oil prices fell well below $60 per barrel recently before rallying back above that key level this week, initially driven lower by oversupply and weak demand.

The S&P 500 closed out 2025 with a total return of 16.4%, marking its third consecutive year of double-digit gains. Despite a choppy finish, it was a strong year for equities, with every sector ending the year in positive territory.