Accretive oil and gas prices are likely to have aided upstream operations of BP and SLB in the first quarter of 2025.
BP expects weak gas trading and a $4B rise in debt in Q1. Refining margins and oil output offer partial support amid its shift to fossil fuels.
Oil giant BP, which holds its annual general meeting on Thursday, has recently sought to resolve something of an identity crisis by launching a fundamental reset. Britain's Shell and U.S. oil giants E
Brent crude rose 1% on Monday, lifting shares in UK oil majors BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL), even as OPEC lowered its forecast for global oil demand growth in 2025 and cut its
BP PLC (LSE:BP.) made a deepwater oil discovery in the Gulf of Mexico/America, which it used to highlight its exposure to the USA.

BP makes new oil discovery off US Gulf coast

05:03am, Monday, 14'th Apr 2025
BP made an oil discovery in the Far South field in the U.S. Gulf of Mexico, the UK-based oil major said on Monday.
Initial data shows high-quality reservoirs and a potentially commercial volume of hydrocarbons, the company said.
In the latest trading session, BP (BP) closed at $26.59, marking a +1.37% move from the previous day.
The Trump administration has revoked Shell and BP's Venezuela gas licenses, escalating a crackdown that began with Chevron and now threatens Trinidad's energy security.
BP's shares fell in early trading Thursday after the energy group announced it expects weak first-quarter gas marketing and trading earnings and a rise in net debt.
BP PLC (LSE:BP.) has warned investors to expect a weaker start to the year from its natural gas trading business and a sharp rise in debt, according to early guidance for the first three months of 20
British oil and gas producer BP said on Friday that reported upstream production in the first quarter is expected to be lower compared to the previous quarter.
The company expects upstream production to be lower than the previous quarter due to already announced divestments in Egypt and Trinidad.
Liberation Day saw markets plummet due to reciprocal tariffs, with the S&P 500 and Nasdaq falling by approximately 7.9%, erasing last year's gains. Despite the market's knee-jerk reaction, I believe t
BP pauses its Castellon clean jet fuel project in Spain, citing slower-than-expected market growth as it reevaluates low-carbon spending plans.
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