BP offloads its German refinery as it raises its cost-cutting target to $7.5 billion by 2027 BP PLC (LSE:BP.), the British oil and gas major, has agreed to sell its Gelsenkirchen refinery and related businesses to Klesch Group, an independent European refiner, in a deal that lifts the company's structural cost reduction target by around $1 billion.
The British energy major continues to simplify its portfolio and shore up its balance sheet.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
BP is positioned to benefit from surging oil prices amid renewed Middle East conflict and supply fears. BP's strategic pivot away from net zero targets towards core oil and gas growth underpins a bullish investment thesis. With Brent crude above $100/barrel and BP targeting 2.5M bpd by 2030 in total production, earnings and free cash flow are set for significant upside.
As of March 16, 2026, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
British energy major BP has received approval from the Trump administration to advance its Kaskida project in the Gulf of Mexico, a company spokesperson told Reuters in an emailed statement late on Friday.
BP (BP) closed at $42.67 in the latest trading session, marking a +1.21% move from the prior day.
The U.S. United SteelWorkers (USW) union members voted on Thursday to overwhelmingly reject what energy giant BP called its "last, best, and final" contract proposal to those working at its Whiting refinery in Indiana.
Climate shareholder activist group Follow This said it would fight BP's decision not to include its climate resolution in its annual general shareholder meeting invitation.
Oil price close to $100 as Middle East tensions disrupt Strait of Hormuz flows, tightening supply and boosting prospects for upstream giants.
BP (BP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Energy stocks have been strong over the last six months because the sector is benefiting from a powerful mix of tightening global supply, disciplined capital spending, and surprisingly resilient demand.