BP Stock Recent News

SHEL and BP partner with Libya's NOC to explore and develop hydrocarbon potential across three key oilfields, marking a return to the energy-rich nation.

BP has agreed to sell its 300 Dutch petrol stations to Dutch fuel distribution and trading company Catom as part of its plan to divest $20 billion worth of assets by 2027, BP said on Wednesday, without giving a deal value.

Libya's National Oil Corp (NOC) announced on Monday that agreements have been reached with oil majors BP and Shell. These agreements involve conducting studies for hydrocarbon exploration and development across three Libyan oilfields.

BP (BP) closed the most recent trading day at $30.25, moving 2.2% from the previous trading session.

Oil Majors BP and Shell agreed with Libya's National Oil Corp (NOC) to conduct studies for hydrocarbon exploration and development at three Libyan oilfields, NOC said in a statement on Monday.

BP's $8 billion Castrol sale draws interest from CD&R, a firm linked to its chairman, adding intrigue to a high-stakes divestiture.

The trading slump may be confined to Shell, the biggest European energy company, but it could also be indicative of difficulties affecting others.

Shares in Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) were the main weights dragging on the FTSE 100 on Monday morning, following a guidance downgrade and an Opec meeting over the weekend.

BP's 13.8% stock gain, 6.14% dividend yield and robust free cash flow outlook set it apart from energy sector peers.

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