BP profits more than double, beating expectations
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BP p.l.c. is rated a Buy due to solid Q1, portfolio adjustments, and a high-caliber new CEO taking over from April. Read more on BP stock here.
The oil supermajor said that its reported profit for the quarter was $3.8 billion, compared with a loss of $3.4 billion for the fourth quarter of 2025. ・The quarter marks the first set of results under new CEO Meg O'Neill,
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BP Shares Up 20% Since Iran War, Leading All Supermajors
BP shares are up 20% since the Iran war began, leapfrogging Exxon and every supermajor as Hormuz disruptions reshape Big Oil's pecking order.
BP (BP) closed at $45.89 in the latest trading session, marking a -2.86% move from the prior day. This change lagged the S&P 500's 2.51% gain on the day. Elsewhere, the Dow gained 2.85%, while the tech-heavy Nasdaq added 2.
BP (BP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
UBS upgrades BP (BP) to Buy with 700p target, citing new CEO Meg O'Neill's leadership and potential for $3-$6B in cost savings beyond company targets.
On April 23, 2026, Reuters reported that BP p.l.c. (NYSE:BP) shareholders turned down two board-proposed resolutions during the company’s annual general meeting, which marked th
BP p.l.c. delivered strong Q1 2026 results, with $3.2B underlying RC profit and $8.9B adjusted operating cash flow. Click here to read why BP stock is a Hold.