BP Stock Recent News

BP PLC has emerged at the centre of activist pressure in several directions in recent days, leaving speculation over the likes of disposals or spin-offs. Citing reports that hedge fund Elliot Management had become a top three shareholder, RBC analysts flagged growing uncertainty around BP's next move to appease activists.

January saw solid investment activity with $1,500 in net capital added, primarily into Business Development Companies like Owl Rock Capital, Goldman Sachs BDC, and Blackstone Secured Lending Fund. Dividend income hit a record $814 in January, up 21% Y/Y, driven by ongoing investments in high-yield BDCs, aiming for $11,000 annual net dividends. Focus on maintaining steady BDC dividends and achieving a monthly increase of $100 in dividend income.

We identify 5 levers which management should pull in order to improve BP's value and adress recent underperformance. Building partially on Shell's playbook, we believe key items to watch will be how management will improve BP's bloated cost structure and a resolute fix-sell-close strategy across the portfolio. Openness to changes in the advisory board and targeted divestments to strengthen the balance sheet could further help regain investor appreciation, in our view.

Renewable energy developer Lightsource bp, a unit of British oil company BP , secured 10 power purchase agreements (PPAs) last year totalling 1.3 gigawatts (GW) of renewable energy capacity globally, the firm said on Wednesday.

Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people familiar with the matter.

If approved, Dupixent would be the first and only targeted medicine to treat BP in the U.S.; FDA decision expected by June 20, 2025

BP's strategic shift toward core hydrocarbon assets and Elliott Management's involvement have made investors more bullish, despite weaker-than-expected Q4 profitability. BP's valuation remains undemanding, with a potential for significant upside if it aligns more closely with American peers like XOM. BP's strong cash flow, aggressive share buybacks, and high dividend yield offer top-tier shareholder returns, enhancing its investment appeal.

Activist investor Elliott Management has disclosed a stake of about 3.8 billion pounds ($4.75 billion) in BP , making it the oil giant's third-largest shareholder, the Financial Times reported on Thursday, citing people close to the matter.

BP p.l.c.'s Q4 earnings dropped 61% Y/Y due to lower petroleum prices and refining margins. The energy company announced a strategic shift, prioritizing fossil fuel projects over renewable energy investments, aiming for faster production growth. BP repurchased $1.75B in stock and reduced net debt by $1.0B in Q4, enhancing shareholder value.

BP Q4 earnings and revenues decline year over year due to lower commodity price realizations and weaker contributions from its customers and products business segment.