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Energy stocks are jumping, helped by the strong performance of crude oil prices. In the UK, the Shell (LON: SHEL) share price surged to a high of 2,737p on Wednesday.
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In the closing of the recent trading day, BP (BP) stood at $38.65, denoting a +1.87% change from the preceding trading day.
Hydrogen is vital to advancing cleaner energy sources and lowering carbon emissions. As a much cleaner alternative energy source, the major players interested in zero-carbon transformations and green makeovers are counting on hydrogen power coming into full force.
BP (BP) closed the most recent trading day at $37.46, moving -0.29% from the previous trading session.
BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) shares faced losses on Wednesday as oil prices moved lower for a second consecutive day.
BP announces plans to reduce Gelsenkirchen refinery capacity by around one-third from 2025, adapting to changing demand and environmental pressures.
After a 7% increase so far this year, at the current price of around $38 per share, we believe BP plc stock (NYSE: BP), a European integrated energy major, could go higher in the long term. BP's underlying replacement cost operating profit was down by almost exactly half in FY 2023, to $13.84 billion from $27.65 billion in 2022.
BP (BP) reachead $37.73 at the closing of the latest trading day, reflecting a -0.42% change compared to its last close.
BP sets the stage for the future of mobility with the launch of its pioneering EV charging station in Houston, featuring 24 fast-charging points.