Bp Plc Stock Price, News & Analysis

BP p.l.c. (BP) is an integrated oil and gas company in the petroleum refineries industry within the manufacturing sector. According to its Polygon company profile, BP explores for, produces, and refines oil and natural gas around the world, and operates refineries with significant processing capacity. The company’s activities span upstream oil and gas production and downstream refining, positioning it as a global energy producer and fuel supplier.

Polygon data indicates that BP produces both liquid hydrocarbons and natural gas and holds substantial proved reserves, expressed in billions of barrels of oil equivalent. These reserves, together with its refinery network, underpin BP’s role in supplying crude oil and refined products such as transportation fuels and other petroleum-based outputs.

Business segments and operations

BP’s public filings describe three main operating areas used for internal and external reporting: gas & low carbon energy, oil production & operations, and customers & products. The gas & low carbon energy segment covers natural gas and related activities that BP groups under a lower-carbon focus. Oil production & operations encompasses upstream oil and gas production, including BP’s share of production from equity-accounted entities. Customers & products includes refining and marketing activities and is closely linked to the company’s fuels, convenience, and other customer-facing businesses.

In its third-quarter 2025 group results (filed on Form 6-K on 4 November 2025), BP reports upstream plant reliability and upstream production metrics, reflecting the scale of its oil and gas operations. The same filing notes that the customers & products business benefits from refining margins and integrated performance across fuels and midstream, while the products business is influenced by refinery turnaround activity and refining availability.

Refining and petroleum products

Polygon’s description notes that BP operates refineries with capacity measured in millions of barrels of oil per day. These refineries process crude oil into refined products. In its 3Q25 results, BP highlights that stronger realized refining margins and changes in refinery turnaround activity materially affect segment earnings. The company also references a refining indicator margin (RIM), which it defines as a simple indicator of the weighted average of BP’s crude slate and product yield deemed representative for each refinery.

BP’s filings emphasize that refining performance depends on factors such as crude prices, product demand, and operational availability. Refining availability and turnaround schedules are tracked as key indicators, and unplanned outages can temporarily reduce capacity, as noted in the 3Q25 results where a fire at the Whiting refinery and exceptional weather conditions affected output.

Gas, low carbon energy, and renewable natural gas

Within gas & low carbon energy, BP reports on realizations (sales prices) for natural gas and related products, and on gas marketing and trading results. Its 4Q25 trading statement (Form 6-K dated 14 January 2026) provides guidance on expected realizations in the gas & low carbon energy segment and notes that this segment is sensitive to non-Henry Hub natural gas marker prices.

BP is also active in renewable natural gas (RNG) through its BP-owned company Archaea Energy. A 30 April 2024 press release from BP’s Archaea Energy describes the startup of an Archaea Modular Design (AMD) RNG plant in Shawnee, Kansas. The plant captures landfill gas, a byproduct of waste decomposition, and converts it into RNG. The Shawnee facility is described as Archaea’s largest AMD plant to date and is designed using standardized modular components. BP states that, after purchasing Archaea Energy, it is the largest producer of RNG in the US, and that Archaea develops, constructs, and operates RNG facilities to capture waste emissions and convert them into lower-carbon fuel.

Customer-facing fuels, mobility, and convenience

BP’s customers & products segment includes its fuels and mobility businesses. A 7 October 2024 BP press release announces the launch of the earnify™ app, described as an app designed to simplify and reward fueling and shopping at BP and Amoco locations. The release states that earnify™ integrates a loyalty program and user experience for fuel and in-store purchases at BP and Amoco branded locations in the United States.

BP is also active in electric vehicle (EV) charging through its global EV charging business bp pulse. A 10 July 2024 press release describes a deal for bp pulse to install and operate ultra-fast EV charging Gigahubs at 75 Simon Property Group locations in the US, adding more than 900 charging bays. Another release dated 24 June 2024 notes that Arcadis completed charger installation for BP’s first bp pulse-branded high-speed EV Gigahub in the US at BP’s North America headquarters in Houston, Texas. These releases explain that bp pulse focuses on fast and reliable charging for EV drivers and commercial fleets, including destination hubs, depots, and BP retail sites, and that BP views EV charging as one of its growth engines.

BP’s fuels business also includes branded products such as Amoco Ultimate® with Invigorate®. A 20 May 2024 press release describes research indicating that continuous use of Amoco Ultimate® with Invigorate® can enable drivers to travel farther over a year compared with regular fuel, under defined testing assumptions. The same release notes BP’s broader investments in the US energy system and its focus on fuel performance.

Biofuels and crop-based feedstocks

BP is involved in developing biofuel feedstocks for sustainable aviation fuel (SAF) and renewable diesel (RD) through collaborations with agricultural companies. A 7 January 2026 joint press release from Corteva Inc. and BP announces the launch of Etlas™, a 50:50 joint venture that will produce oil from crops such as canola, mustard, and sunflower for use in SAF and RD production. The release states that Etlas will harness Corteva’s seed technology and BP’s refining and marketing expertise in fuels for the commercial transportation market. Etlas aims to scale to one million metric tonnes of feedstock per year by the mid-2030s, with initial supply scheduled for 2027.

An earlier 18 November 2024 release from Corteva describes a non-binding memorandum of understanding with BP to form a crop-based biofuel feedstock joint venture focused on SAF. That release outlines plans to contract with farmers in North and South America and Europe to grow proprietary Corteva mustard seed, sunflower, and canola feedstocks suited for SAF production, with an aim to reach delivery of one million metric tons per year of biofuel feedstocks by the mid-2030s.

Digital capabilities and AI partnerships

BP’s operations also incorporate advanced digital tools. A 9 September 2024 press release from Palantir Technologies Inc. describes an enterprise agreement extending a decade-long strategic relationship between Palantir and BP. Since 2014, Palantir software has been deployed widely by BP to support oil and gas production operations, including offshore platforms in the North Sea and Gulf of Mexico and the Khazzan gas fields in Oman. The release explains that BP has used Palantir’s software to develop a model-based digital twin of its oil and gas production activity, integrating digital asset models with real-time data from millions of sensors.

The same release notes that BP will adopt Palantir’s AIP software to use large language models with safeguards, aiming to improve and accelerate human decision-making based on automated analysis of operational data. Palantir emphasizes that its tools are designed to provide transparency into AI recommendations and maintain security controls and auditability.

Corporate structure, capital, and listings

BP p.l.c. is organized as a foreign private issuer for US securities law purposes and files reports on Form 20-F and Form 6-K with the US Securities and Exchange Commission. Several 6-K filings in late 2025 and early 2026 provide information on share capital, treasury shares, share repurchase programs, dividends, and trading statements.

In a 6-K dated 13 January 2026, BP reports that 145,012,557 ordinary shares were transferred out of treasury in connection with employee share schemes, and that BP’s issued share capital then comprised over 15 billion ordinary shares (excluding treasury shares) and 12,706,252 preference shares. Earlier 6-K filings dated 1 December 2025 and 2 January 2026 provide total voting rights and share capital figures as of specific month-end dates, and note the number of ordinary shares held in treasury.

BP has also been active in share repurchases. A 6-K for the period ended 28 November 2025 includes an exhibit titled “Share Repurchases” dated 4 November 2025, announcing a share buyback programme with a specified maximum amount and time frame. Multiple subsequent exhibits titled “Transaction in Own Shares” detail daily purchases of ordinary shares on the London Stock Exchange and Cboe (UK) under this programme, with information on volumes, prices, and the intention to transfer repurchased shares into treasury.

On 18 December 2025, a Form 25 (25-NSE) was filed by the New York Stock Exchange regarding BP p.l.c. as issuer and the NYSE as exchange. The filing relates to the removal from listing and/or registration of certain BP-guaranteed notes (3.119% Guaranteed Notes due 2026 and 3.410% Guaranteed Notes due 2026) from the NYSE. The Form 25 identifies the securities as guaranteed notes and does not refer to BP’s ordinary shares or American Depositary Shares.

Strategic portfolio actions and Castrol transaction

BP’s 3Q25 group results and subsequent filings describe a focus on portfolio simplification, divestments, and balance sheet strengthening. The 3Q25 results highlight a divestment and other proceeds program and a target range for net debt by the end of 2027. BP’s 24 December 2025 6-K includes a press release titled “bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion.”

In that release, BP states it has agreed to sell a 65% shareholding in Castrol to Stonepeak, valuing the business at approximately $10.1 billion. BP expects total net proceeds of around $6.0 billion, including accelerated dividend payments on its retained 35% stake, and indicates that all proceeds will be used to reduce net debt. The release explains that, upon completion, a new joint venture will be formed with 65% ownership by Stonepeak and 35% by BP, and that BP’s retained stake provides exposure to Castrol’s growth plan while preserving optionality to realize further value after a two-year lock-up period.

The same press release notes that the transaction is part of BP’s previously announced $20 billion divestment programme and that completed and announced divestment proceeds at that point totaled around $11.0 billion. BP describes the sale as aligned with its strategy to simplify the portfolio, strengthen the balance sheet, and focus its downstream operations.

Leadership and governance

A 17 December 2025 6-K contains a press release titled “BP p.l.c. Announces Leadership Transition.” In this announcement, BP states that its board has appointed Meg O’Neill as the company’s next chief executive officer, effective 1 April 2026. The release also notes that Murray Auchincloss decided to step down as CEO and director of the board, that Carol Howle will serve as interim CEO until Meg O’Neill joins, and that Murray Auchincloss will serve in an advisory role until December 2026 to support a smooth transition.

The leadership transition announcement explains that the appointment followed a succession planning process overseen by a board search committee assisted by an independent recruitment firm. It also provides brief biographies for Meg O’Neill and Carol Howle, focusing on their prior roles and experience in the energy industry.

Status and regulatory reporting

BP’s ongoing 6-K filings through January 2026, including trading statements, total voting rights updates, and transaction reports, indicate that the company continues to operate and to report as a foreign issuer under the Securities Exchange Act of 1934. No filings in the provided data indicate bankruptcy, liquidation, or a completed acquisition of BP p.l.c. itself.

FAQs about BP p.l.c. (BP)

• What does BP p.l.c. do?
  According to Polygon’s description and BP’s SEC filings, BP is an integrated oil and gas company that explores for, produces, and refines oil and natural gas. It operates refineries and participates in downstream activities grouped under its customers & products segment.
• How is BP’s business organized?
  BP’s 3Q25 results and 4Q25 trading statement describe three primary operating areas: gas & low carbon energy, oil production & operations, and customers & products. These segments cover natural gas and lower-carbon activities, upstream oil and gas production, and refining and customer-facing businesses, respectively.
• Is BP involved in lower-carbon or renewable energy?
  Yes. BP’s Archaea Energy business develops and operates renewable natural gas plants that capture landfill gas and convert it into RNG. BP also participates in crop-based biofuel feedstock ventures for sustainable aviation fuel and renewable diesel through its Etlas joint venture with Corteva, as described in joint press releases from 2024 and 2026.
• What is bp pulse?
  BP pulse is BP’s electric vehicle charging business. Press releases in 2024 describe bp pulse as focused on fast and reliable EV charging for drivers and commercial fleets, including ultra-fast Gigahub sites in the US and a broader global charging network.
• What is BP’s relationship with Castrol?
  Castrol is described in BP’s 24 December 2025 press release as a lubricants business in which BP agreed to sell a 65% shareholding to Stonepeak at an enterprise value of about $10.1 billion. After completion, Castrol will be held through a joint venture majority-owned by Stonepeak, with BP retaining a 35% stake.
• Does BP use artificial intelligence in its operations?
  A 9 September 2024 Palantir press release states that BP and Palantir have an enterprise agreement extending their strategic relationship and introducing Palantir’s AIP software. BP has used Palantir software since 2014 to support oil and gas production operations and to build a digital twin of its production system, and plans to use AIP to apply large language models with controls and transparency to operational data.
• How does BP return capital to shareholders?
  BP’s 3Q25 results and related 6-K filings describe a combination of cash dividends and share buybacks. The company reports a policy of maintaining a dividend per ordinary share and has executed share repurchase programmes on the London Stock Exchange and Cboe (UK), transferring repurchased shares into treasury.
• Is BP still listed and filing reports with the SEC?
  Yes. The provided data includes multiple Form 6-K filings through January 2026 and references to Form 20-F. A Form 25 filed on 18 December 2025 relates specifically to BP-guaranteed notes due 2026 and does not indicate delisting of BP’s ordinary shares or American Depositary Shares.