BP Stock Recent News

A possible partnership between BP and Petrobras to develop the British firm's oil and gas find in Brazil's pre-salt layer would hinge on carbon dioxide levels in the reservoir, three sources at the Brazilian state-run oil firm told Reuters.

BP PLC (LSE:BP.) will evidently need more than expectation beating results and a giant oil discovery to impress Royal Bank of Canada.

BP's renewed focus on oil growth, upstream project execution, and cost discipline is winning back investor confidence and driving outperformance vs. peers. Strategic divestments in renewables and downstream, alongside major new oil discoveries, reinforce the company's pivot back to its core oil business. Operational reliability and cost-cutting should help BP deliver its plan of free cash flow growth and debt reduction, maintaining a dividend yield around 6%.

The new resources were found in Brazil. Transcript: BP made largest oil and natural gas discovery in the last 25 years.

After a good few years of disappointment languishing in the shadows of Big Oil rivals, executive departures, costly renewables forays, rumors of a takeover and an activist investor on its back, BP (LON: BP) has finally signalled to the market and its investors that a change might be on the horizon, backed up an improved quarterly performance.

BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes well for Equinor's nearby interests and strong appetite for an October auction of oil blocks in the region.

Pre-market futures are in the green across major indexes this morning, but experiencing a bit of choppiness. The Dow and S&P 500 are both up mere single-digits at this hour, off the early-morning highs, while the tech-heavy Nasdaq stays up +70 points presently.

BP p.l.c. (NYSE:BP ) Q2 2025 Earnings Conference Call August 5, 2025 8:00 AM ET Company Participants Craig Marshall - Group Head of Investor Relations Emeka Emembolu - Executive Vice President of Technology Gordon Birrell - Executive Vice President of Production & Operations Katherine Anne Thomson - CFO & Director Murray Auchincloss - CEO & Director Conference Call Participants Biraj Borkhataria - RBC Capital Markets, Research Division Christopher Kuplent - BofA Securities, Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Henry Michael Tarr - Joh. Berenberg, Gossler & Co. KG, Research Division Irene Himona - Sanford C.

BP Q2 earnings beat on stronger oil output, but revenues fall year over year amid weaker price realizations.

Investors shouldn't overlook BP PLC (LSE:BP.) Bumerangue discovery in Brazil, not according to analysts at Citi.