BP Stock Recent News

BP receives the Iraqi government's final approval to redevelop Kirkuk oil fields, aiming to produce more than 3 billion barrels and boost Iraq's energy sector.

BP, the British multinational oil and gas company, announced on Thursday that it intends to divest its mobility and convenience business in Austria.  This strategic move is part of BP's broader portfolio restructuring efforts under the leadership of CEO Murray Auchincloss, who has implemented a “reset strategy” for the company.

BP said on Thursday it plans to sell its mobility and convenience business in Austria, as the oil giant reshapes its portfolio under CEO Murray Auchincloss' reset strategy.

BP is weighing the sale of minority stakes in two Gulf of Mexico projects, with each project estimated to be worth billions of dollars to the company, two sources with knowledge of the matter said on Wednesday.

BP has received final government approval for the redevelopment of Iraq's giant Kirkuk oil fields, with an initial plan to produce 3 billion barrels of oil equivalent, BP said on Wednesday.

Elliott Management is pressuring BP for deeper cost cuts, asset sales and leadership changes as the oil giant pivots back to hydrocarbons.

Proxy advisor Institutional Shareholder Services Inc (ISS) recommends that shareholders vote in favour of the re-election of BP's board and management at the April 17 annual general meeting, according to a document seen by Reuters.

BP (BP) closed the most recent trading day at $34.11, moving -1.27% from the previous trading session.

BP secures $1 billion from Apollo for a 25% TANAP stake, unlocking capital while maintaining influence in the Azerbaijan-Turkiye pipeline. Closing is expected in Q2 2025.

At 24/7 Wall St., we have focused on dividend stocks for over 15 years because, despite the ups and downs that always accompany the stock market, the reality for many people is the need to have solid passive income streams that accompany income from employment or other avenues.