Shares in BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) edged lower early on Monday, modest moves that nonetheless dragged the FTSE 100 into the red because of their heavy index weightings.
Crude oil and natural gas prices have waned and will likely remain weak for the foreseeable future. This company can still perform well in a low-price environment, however.
JERA Nex BP will buy its partner EnBW's stake in the Mona offshore wind project and has signed a lease agreement for the British facility, it said on Friday.
Citi said BP Plc's (LSE:BP.) fourth-quarter 2025 trading statement is broadly in line operationally, but noted near-term earnings headwind even as the balance sheet shows a meaningful step-down.
More than 20 investors and the climate activist shareholder group Follow This have jointly filed resolutions with BP and Shell. The resolutions call for the oil and gas giants to disclose their strategies for generating value should global demand for their core products decline, the group announced on Wednesday.
BP PLC's (LSE:BP.) pared-back fourth-quarter trading update offered little to surprise the market, but it reinforced a growing sense of strategic drift as the company approaches a change at the top.
Climate activist shareholder group Follow This and more than 20 other investors have filed resolutions calling on BP and Shell to disclose how they will create value if global demand for oil and gas declines, the group said on Wednesday.
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