BP Stock Recent News

BP expects Q2 production to top estimates, but lower oil prices may drag results by up to $800M despite stronger refining margins.

U.S.-listed shares of BP (BP) rose Friday after the energy giant predicted increased oil production and trading revenue in the current quarter, helping to offset lower fuel prices.

BP PLC (LSE:BP.) shares rose 2% in afternoon trading after the energy group indicated that its second-quarter numbers and outlook were less bleak than many had feared, despite continued underperformance.

There were also bright spots in the statement, which comes ahead of official second-quarter earnings on Aug. 5.

BP PLC (LSE:BP.) guided to higher upstream output and stronger refining margins in the second quarter trading update, offset by lower prices received for oil and gas.

BP's second-quarter results will be hit by lower prices it received for its gas and oil, it said in a quarterly trading update on Friday, ahead of full results due August 5.

BP is set to sell its Dutch retail and EV charging business to Catom, advancing its $20B divestment plan and strategic shift.

Japan's Omron is planning to boost its presence in the Indian market, its CEO said on Thursday, as a surge in hypertension cases in the country is expected to create a large market for its blood pressure monitoring devices.

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