BP Option Alert: Fri $33 Calls at the Ask: 8400 vs 26284 OI

BP Option Alert: Fri $33 Calls at the Ask: 8400 @ $1.69 vs 26284 OI; Ref=$34.645

BP Option Alert: Jan, 2026 $37 Calls at the Bid: 2750 vs 7570 OI

BP Option Alert: Jan, 2026 $37 Calls at the Bid: 2750 @ $2.15 vs 7570 OI; Ref=$35.365

BP Option Alert: Feb 21 $31 Calls Sweep (65) near the Ask: 2840 vs 48162 OI

BP Option Alert: Feb 21 $31 Calls Sweep (65) near the Ask: 2840 @ $3.903 vs 48162 OI; Ref=$34.875

BP (NYSE:BP) 株価情報

BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2024, it produced 1.2 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2023, reserves stood at 6.8 billion barrels of oil equivalent, 55% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day.

BP PLC

Beyond Protocol

BrandPilot AI Inc

iShares FinTech Active ETF

BRIGHTPATH BIOTHERAPEUTIC by BRIGHTPATH BIOTHERAPEUTICS CO LTD

Blackstone Private Credit Fund Ordinary Shares - Class I

BANCO COMML POR ORD NEW by Banco Comercial Portugues S.A.

Banco Comercial Portugues SA

BANCO COMERCAIL UNSP/ADR by Banco Comercial Portugues S.A.

BANPU PUBLIC CO LTD by Banpu Public Co., Ltd.

Banpu PCL

BISHOP CAPITAL CORP by Bishop Capital Corp.

Bishop Capital Corp (WY)

BEFOREPAY GROUP LTD by BEFOREPAY GROUP LTD.

Precidian ETFs Trust BP plc ADRhedged

BANK OF PHILIPPNE ISLANDS by Bank of the Philippine Islands

Bank of the Philippine Islands

BANK OF PHILI IS UNS/ADR by Bank of the Philippine Islands

Grayscale Funds Trust Grayscale Bitcoin Premium Income ETF

BPI ENERGY HOLDINGS INC by BPI Energy Holdings, Inc.

BPI Energy Holdings Inc

PIRAEUS FINL HLDGS SA by Piraeus Financial Holdings S.A.

Piraeus Financial Holdings SA

PIRAEUS FNL HLD S/ADR by Piraeus Financial Holdings S.A.

BP Castrol KK

Blueprint Medicines Corporation - Common Stock

Blueprint Medicines Corp

BADGER PAPER MILLS INC by Badger Paper Mills, Inc.

BASILEA PHARM AG AKT SHS by Basilea Pharmaceutica AG

Basilea Pharmaceutica Ltd

BLACKPOLL FLEET INTL INC by BlackPoll Fleet International, Inc.

BlackPoll Fleet International Inc

Popular Inc

Popular, Inc. - Popular Capital Trust II - 6.125% Cumulative Monthly Income Trust Preferred Securities

Popular Capital Trust II

Bpost SA de Droit Public

Bid Corp Ltd

Princeton Bancorp Inc

BROOKFIELD PTY SPLT PFD 2 by BROOKFIELD PPTY SPLIT CORP.

BP Prudhoe Bay Royalty Trust Common Stock

BP Prudhoe Bay Royalty Trust

BIO-PATH HOLDINGS INC by Bio-Path Holdings, Inc.

Bio-Path Holdings Inc

PT BARITO PACIFIC TBK by Pt Barito Pacific Tbk

PT Barito Pacific Tbk

Biophytis SA SPONSORED ADR NEW 2024

Biophytis SA

BPER BANCA SPA UNSP/ADR by BPER BANCA S.P.A

BPER Banca SpA

Brookfield Property Partners L.P. - 6.25% Class A Cumulative Redeemable Preferred Units, Series 1

Brookfield Property Preferred LP

Brookfield Property Partners L.P. - 5.750% Class A Cumulative Redeemable Perpetual Preferred Units, Series 3

Brookfield Property Partners LP

Brookfield Property Partners L.P. - 6.375% Class A Cumulative Redeemable Perpetual Preferred Units, Series 2

Brookfield Property Partners L.P. - 6.50% Class A Cumulative Redeemable Perpetual Preferred Units

Boston Pizza Royalties Income Fund

Corporate insiders have not been impressively active so far in 2025. Despite a great deal of volatility, insiders have been held back by a rising wave of uncertainty. With the tariffs confusion lingering, it is tough for folks running corporations to get a handle on costs, profit margins, or economic conditions. While prices have retreated to a degree, it&#8217;s not like stocks are suddenly super cheap and attractive either. The S&amp;P 500 still trades with a PE ratio based on trailing earnings of 26 and a CAPE Ratio of 32.7. While off the highs of earlier this year, both are still extremely high by historical standards. Given the unattractive cocktail of valuation and uncertainty, insiders have pretty much kept their wallets in the desk drawer for much of the year.
This is another class of investor I track that thrives on uncertainty, and as a group, they have been very active so far this year. I am talking about activist investors, the more gentlemanly title for what were once known as corporate raiders. The Barclays Q1 2025 Review of Shareholder Activism reveals several important trends that can help us unlock opportunity.
Despite economic uncertainty and market volatility, activist campaigns have continued their upward trajectory. Global campaign activity reached 70 initiatives in Q1, representing a 17% increase year-over-year and running 25% above the four-year quarterly average. This suggests that periods of uncertainty often create fertile ground for activists to identify undervalued situations.
The most notable regional development is the resurgence of U.S. activism, which increased 43% year-over-year with 40 campaigns. After two years where American companies represented less than half of global targets, U.S. companies now account for 57% of global activist activity. Meanwhile, Japan continues to emerge as a significant battleground with 16 campaigns (up 45%), while European activity remains subdued with just 10 campaigns.
More importantly, the activists are scoring major wins. Companies like Honeywell (Ticker: HON), Becton Dickinson (Ticker: BDX), and Solventum (Ticker: SOLV) all announced significant break-ups or divestitures in Q1 following activist pressure.
The effectiveness of activist campaigns appears to be improving. The Barclays report identifies 51 board seats won in Q1, representing a 34% increase from the same period in 2024.
The King of the Activists this year is once again Elliott Management.
Elliott Management continues to lead the pack with four campaigns in Q1, including high-profile engagements at BP plc (Ticker: BP), where the company announced a refocus on its oil and gas business and a strategic review of its Castrol lubricants unit.
The campaign at BP has run into a snag in the form of lower oil and gas prices. As oil prices have pulled back in response to the tariff confusion, the share price of London-based oil and gas giant has fallen sharply. Elliott responded by upping its stake to over 5% of BP. That&#8217;s impressive given that BP has a $75 billion market cap.
Elliott wants management to drive the renewables business and cut spending by several billion dollars and has also outlined steps it feels BP should take that would get free cash flow to rise to $20 billion a year, well above the current $8 billion. Elliott has also suggested that leadership changes may be in order. The activist has met with many of BP&#8217;s largest shareholders to drum up support for its ideas.
At this point, even if Elliott does not win its campaign, the shares are attractive. Thanks to falling oil prices, the stock is trading at a depressed valuation and yields over 6%. A firming in energy prices could see the shares trade back up near the high of the year near $40. If Elliott does win the day and BP meets the cash flow targets, there is a good chance the shares will double or more in value.
BP is not Elliott&#8217;s only current campaign in the oil fields. In the spring of 2024, Elliott revealed a $1 billion stake in Phillips 66 (Ticker: PSX) and wasted no time firing off a blistering indictment of the company&#8217;s lackluster operational performance.
There has been a great deal of back and forth, but Elliott has not been appeased and has moved forward with a proxy fight. The activist is seeking four seats on the board of the refiner. They recently sent a letter to Phillips shareholders that said, &#8220;Investors&#8217; patience has been punished, and a new lineup on the board is necessary to reverse the company&#8217;s long-term underperformance and improve its poor corporate governance practices.&#8221;
Phillips fired back, sending its own letter that pointed out, &#8220;Since our formation in 2012, we have returned more than $43 billion to shareholders through dividends and share repurchases. We have grown our dividend at a 15% Compound Annual Growth Rate (&#8216;CAGR&#8217;). The dividend we pay to our shareholders has grown every single year since we have been a publicly-traded company – even through troughs in commodity cycles and periods of economic disruption. Not many energy companies can say the same.&#8221;
This is another potential win-win for investors. The stock is cheap, and management just raised the dividend to yield 4.5%. Improved economic and market conditions could easily lead to a huge bump in the price of the stock. If Elliott wins the proxy battle and its changes are effective, the upside potential is again over 100%.
In the case of both BP and Phillips 66, investors get paid handsomely to wait for the battle to be played out.

Opinion

SOLV

Alpha Buying: Big Oil Becomes Ground Zero for Activist Investing in 2025

WIIM

BP shares are trading higher following a report suggesting Elliott Management increased its stake and is aiming for the company to improve its free cash flow.

<a href="https://www.ft.com/content/5c3e688d-0d8a-4e66-b437-0186610c5217" title="https://www.ft.com/content/5c3e688d-0d8a-4e66-b437-0186610c5217">https://www.ft.com/content/5c3e688d-0d8a-4e66-b437-0186610c5217</a>

News

Management

'Hedge Fund Elliott Turns Up Heat On Bp With Demand For Higher Cash Flow' - Financial Times

FANG

SHEL

Shares of energy stocks are trading lower as oil falls amid US-Iran talks.

BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) announced Thursday that it successfully loaded the first LNG export cargo from its Greater Tortue Ahmeyim (GTA) Phase 1 project, <a target="_blank" href="https://www.benzinga.com/topic/stories-that-matter" rel="noreferrer noopener">located offshore Mauritania and Senegal</a>.
GTA is among the deepest offshore gas developments in Africa, with resources in water depths reaching up to 2,850 metres.&nbsp;&nbsp;
The GTA Phase 1 project is a joint effort involving Kosmos Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) and PETROSEN, alongside bp.
GTA Phase 1 is expected to produce approximately 2.4 million tonnes of LNG annually once fully operational.
The first LNG cargo lifting marks a critical milestone as Kosmos and its partners begin recognizing revenue, signaling the transition into the production <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44857107/kosmos-energy-announces-first-lng-cargo-at-the-greater-tortue-ahmeyim-project-in-mauritania-and-se" rel="noreferrer noopener">and commercial phase of the developmen</a>t.
Notably, the first LNG shipment from the GTA Phase 1 project was successfully transferred to a carrier from the project's floating liquefied natural gas (FLNG) vessel, located about 10 kilometers offshore.
A portion of the gas will also be allocated to support domestic energy markets in both countries as infrastructure becomes available.
The GTA cargo marks BP's third major upstream project start-up in 2025 and is among the first of 10 planned by the end of 2027. This aligns with the company's strategy to expand its upstream oil and gas operations.
Gordon Birrell, EVP of production &amp; operations, said, "This first cargo from Mauritania and Senegal marks a significant new supply for global energy markets. Starting exports from GTA Phase 1 is an important step for BP and our oil and gas business as we celebrate the creation of a new production hub within our global portfolio."
Last week, the company disclosed a new oil discovery at the Far South prospect in the deepwater <a target="_blank" href="https://www.benzinga.com/25/04/44788755/bp-discovers-oil-at-far-south-prospect-in-deepwater-gulf-boosts-upstream-growth-outlook" rel="noreferrer noopener">U.S. off&nbsp;the&nbsp;Louisiana coast</a>.
Investors can gain exposure to the stock via&nbsp;Precidian ETFs Trust BP plc ADRhedged&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/BPH#BATS">BPH</a>) and&nbsp;Texas Capital Texas Oil Index ETF &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OILT#NYSE">OILT</a>).
Price Action: BP shares are up 3.33% at $28.58 at the last check on Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/guidance/25/04/44763712/bp-sees-mixed-q1-outlook-with-flat-oil-prices-weaker-gas-trading-ahead-of-earnings" target="_blank" rel="noreferrer noopener">BP Sees Mixed Q1 Outlook With Flat Oil Prices, Weaker Gas Trading Ahead Of Earnings</a></li>
</ul>
Photo by Tada Images via Shutterstock

OILT

BP, Kosmos Loads First LNG Export From GTA Phase 1, One of Africa's Deepest Gas Projects

HESM

MTDR

Shares of energy stocks are up as oil prices rise amid US sanctions on Iran.

U.S. stock futures rose on Thursday ahead of the long weekend, with Good Friday falling on April 18 and Easter Sunday on April 20. Futures of major benchmark indices were higher in premarket.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44848474/fed-chair-powell-says-tariffs-lead-to-temporary-rise-in-inflation">Federal Reserve</a> Chairman Jerome Powell dismissed the possibility of a &#8220;Fed put&#8221; in the near term while speaking in Chicago on Wednesday.
&#8220;We may find ourselves in the challenging scenario in which our dual-mandate goals are in tension. If that were to occur, we would consider how far the economy is from each goal, and the potentially different time horizons over which those respective gaps would be anticipated to close,&#8221; said Powell.
U.S. export restrictions on Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://benzinga.com/25/04/44844084/nvidias-h20-chip-ban-could-lead-to-manageable-sales-drop-bank-of-america-says">H20 GPUs</a> pulled the stock market down on Wednesday.
The 10-year Treasury bond yielded 4.32% and the two-year bond was at 3.82%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing an 86.4% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.75%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.83%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>1.02%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.66%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Thursday. The SPY was up 1.03% to $531.05, while the QQQ advanced 1.04% to $448.78, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
U.S. stocks closed sharply lower on Wednesday, driven by a significant sell-off in the semiconductor sector and broader tech weakness.
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) experienced a steep decline, with Nvidia Corp. and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) both falling approximately 7% following new export restrictions on Nvidia chips to China.
This news heavily impacted the information technology sector, which, along with consumer discretionary and communication services, recorded the largest losses. In contrast, energy stocks defied the overall downward trend, closing higher.
Among individual companies, Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) reported better-than-expected first-quarter results, and Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) posted upbeat first-quarter adjusted EPS.
On the economic front, U.S. industrial production fell by 0.3% in March, slightly more than anticipated. However, U.S. retail sales surged 1.4% month-over-month in March, exceeding both the previous month&#8217;s gain and market expectations.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-3.07%</td>
<td>16,307.16</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-2.24%</td>
<td>5,275.70</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-1.73%</td>
<td>39,669.39</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.03%</td>
<td>1,863.48</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
According to Scott Wren, the senior global market strategist at Wells Fargo, &#8220;current equity levels offer an attractive entry opportunity even with the bounce higher off the recent lows.&#8221;
Wren further emphasized the importance of having a &#8220;plan of action or at least be happy with where you currently stand,&#8221; regardless of individual perspectives on the implemented tariffs.
&#8220;Over the course of the last couple of weeks, we have seen the administration go from an aggressive reciprocal tariff strategy that involved meaningful universal tariffs on virtually all of our trading partners to a pause that suspends most reciprocal tariffs but leaves a 145% levy on imports from China,&#8221; Wren notes.
Despite the tariff uncertainty, Wren&#8217;s firm maintains a view that the U.S. economy was already heading for a slowdown in the first half of the year, even before the current trade strategies were implemented. &#8220;From our perspective, even before the current tariff strategies were deployed, our analysis suggested the economy was going to hit a bump in the road and slow in the first half of this year. That line of thought is still intact,&#8221; Wren states.
Wren also suggests a strategic shift in fixed income, advising investors to &#8220;move money from bonds, specifically the intermediate portion of the yield curve, into mid-cap U.S. equities in an effort to take advantage of the fall in stocks and the rally in bond prices (yields fell).&#8221;
Meanwhile, the <a href="https://www.benzinga.com/government/regulations/25/04/44858165/policy-push-vs-market-pull-dollar-under-pressure-as-reserve-currency-may-be-called-into-question-amid-tariff-turmoil">U.S. dollar is facing pressure</a>, with its &#8220;reserve currency&#8221; status. A recent study titled &#8216;Dollar Upheaval: This Time is Different&#8217; noted a 3.6% depreciation between April 4th and 14th, an unusual move as the dollar typically gains during global volatility.
This suggests a break from traditional market behavior, raising concerns that U.S. Treasuries lose their safe-haven appeal.
"If U.S. Treasuries are no longer viewed as the world's preferred safe asset, then the status of the dollar as the world's reserve currency may be called into question,&#8221; stated the note.
Investors are now <a href="https://www.benzinga.com/news/treasuries/25/04/44857989/gold-nears-3400-mark-experts-point-to-likely-correction-amid-bull-market-rates-will-drop-like-rock">flocking to Gold</a>, which has been hitting fresh highs as it trades above $3,300 per ounce. According to data shared by Charlie Bilello of Creative Planning, the inflation-adjusted gold prices were back at an all-time high, after 45 years, surpassing the prior peak from 1980.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It took 45 years to get there, but inflation-adjusted Gold prices are back at an all-time high, surpassing the prior peak from 1980. <a href="https://twitter.com/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOLD</a><a href="https://t.co/l5IYmkeySJ">https://t.co/l5IYmkeySJ</a> <a href="https://t.co/bXWisvrl3c">pic.twitter.com/bXWisvrl3c</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1912558536573268362?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Economist Mohamed El-Erian attributed the increasing price of gold to a gradual shift away from the U.S. dollar by some foreign central banks and other entities seeking diversification.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The price of gold registered another record high today, overcoming yet another periodic round of profit-taking by some tactical traders — this as it benefits from the tailwind of slow and steady diversification away from the dollar by some foreign central banks and others.<a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a>… <a href="https://t.co/MKDnxZddv0">pic.twitter.com/MKDnxZddv0</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1912523089557987357?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday and Friday:
<ul>
<li>On Thursday, initial jobless claims data for the week ending April 12 and March&#8217;s housing starts, building permits, and April&#8217;s Philadelphia Fed manufacturing survey data will be released by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>On Friday, San Francisco Fed President Mary Daly will speak at 8:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) fell 0.64% in premarket on Thursday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $7.29 per share on revenue of $111.60 billion.</li>
</ul>
<ul>
<li>DR Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) rose 0.39% as Wall Street expects it to report earnings of $2.65 per share on revenue of $8.03 billion before the opening bell.</li>
</ul>
<ul>
<li>Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) was up 1.38% as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $5.72 per share on revenue of $10.52 billion.</li>
</ul>
<ul>
<li>FNB Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) was up 1.14% as it posted better-than-expected earnings for its first quarter on Wednesday.</li>
</ul>
<ul>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) jumped 3.45% after reporting a 60% surge in its net profit for the first quarter, topping market expectations.</li>
</ul>
<ul>
<li>Rio Tinto Plc ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) climbed 1.68% after it announced the assessment of the low-carbon aluminum project in India along with AMG Metals &amp; Materials.</li>
</ul>
<ul>
<li>Woodside Energy Group Ltd. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDS#NYSE">WDS</a>) advanced 2.73% after signing LNG supply agreements with Uniper.</li>
</ul>
<ul>
<li>BP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) gained 1.08%, and Kosmos Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) was 4.22% higher after BP completed loading the first cargo from the Greater Tortue Ahmeyim LNG project.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.02% to hover around $63.11 per barrel.
Gold Spot US Dollar declined 0.57% to hover around $3,324.20 per ounce. Its fresh record high stood at $3,357.81 per ounce. The U.S. Dollar Index spot was higher by 0.10% at the 99.4760 level.
Asian markets advanced on Wednesday, except China&#8217;s CSI 300 index. India's S&amp;P BSE Sensex, Hong Kong's Hang Seng, Japan's Nikkei 225, Australia's ASX 200, and South Korea's Kospi index ended higher. European markets were lower in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44858165/policy-push-vs-market-pull-dollar-under-pressure-as-reserve-currency-may-be-called-into-qu">Policy Push vs. Market Pull: Dollar Under Pressure As &#8216;Reserve Currency May Be Called Into Question&#8217; Amid Tariff Turmoil</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Market Summary

Futures

Commodities

Treasuries

Economics

Federal Reserve

Pre-Market Outlook

Markets

Analyst Ratings

NFLX

NVDA

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

US Stocks Likely To Open Higher Ahead Of Festive Weekend: 'Current Equity Levels Offer An Attractive Entry Opportunity'

BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) shares are trading higher premarket at the last check Monday after the company disclosed a new oil discovery at the Far South prospect in the deepwater U.S. off <a target="_blank" href="https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-announces-oil-discovery-in-the-gulf-of-america.html?utm_source=PC%26C%20%7C%20C%26EA%20%7C%20External%20%7C%20Global%20%7C%20bp.com%20news&amp;utm_medium=email&amp;utm_campaign=14965316_bp%20announces%20oil%20discovery%20in%20the%20Gulf%20of%20America&amp;dm_i=1PGC,8WRB8,5D8AP6,1153BB,1" rel="noreferrer noopener">the</a> Louisiana coast.
The exploration well was drilled in Green Canyon Block 584, located roughly 120 miles off <a target="_blank" href="https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-announces-oil-discovery-in-the-gulf-of-america.html?utm_source=PC%26C%20%7C%20C%26EA%20%7C%20External%20%7C%20Global%20%7C%20bp.com%20news&amp;utm_medium=email&amp;utm_campaign=14965316_bp%20announces%20oil%20discovery%20in%20the%20Gulf%20of%20America&amp;dm_i=1PGC,8WRB8,5D8AP6,1153BB,1" rel="noreferrer noopener">the</a> Louisiana coast in 4,092 feet of water, reaching a total depth of 23,830 feet.
BP operates the project with a 57.5% stake, while Chevron U.S.A. Inc. holds the remaining 42.5%.
This discovery highlights BP's renewed focus on exploration, aligning with its February 2025 strategy reset to boost upstream investment and enhance its exploration portfolio.
In particular, BP aims to increase its global upstream production to between 2.3 and 2.5 million barrels of oil equivalent per day by 2030, with potential for further growth through 2035.
Of this, approximately 1 million barrels per day are projected to come from its U.S. onshore and offshore operations.
BP said it is focused on delivering more affordable and reliable energy from the region, building capacity to over 400,000 barrels of oil equivalent per day by the end of the decade.
Over the past decade, BP has made more than 40 discoveries, including recent successes.
As part of its intensified exploration strategy, BP plans to drill approximately 40 wells over the next three years, with 10 to 15 of those scheduled for 2025.
Last week, the company&nbsp;updated&nbsp;first-quarter&nbsp;guidance, expecting upstream production to decline compared to the previous quarter,&nbsp;with slightly higher&nbsp;production in oil production and operations and less<a target="_blank" href="https://www.benzinga.com/news/guidance/25/04/44763712/bp-sees-mixed-q1-outlook-with-flat-oil-prices-weaker-gas-trading-ahead-of-earnings" rel="noreferrer noopener"> in&nbsp;gas and low-carbon energy</a>.
In the gas and low-carbon energy segment, realizations are expected to be flattish, while gas marketing and trading results&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">are projected to be weak</a>.
Investors can gain exposure to the stock via Precidian ETFs Trust BP plc ADRhedged (BATS:<a href="https://www.benzinga.com/stock/BPH#BATS" target="_blank" rel="noreferrer noopener"> BPH</a>) and Texas Capital Texas Oil Index ETF  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OILT#NYSE">OILT</a>).
<h2 class="wp-block-heading">BP Stock Prediction For 2025</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of BP have an average 1-year price target of $34.0, representing an expected upside of 27.87%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on BP, while 1 analysts have bullish ratings. The street high price target from Wells Fargo is $37.0, while the street low from Scotiabank is $30.0.
Price Action: BP shares are up 3.16% at $27.43&nbsp;premarket at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44644494/bp-begins-hunt-for-new-chair-as-elliott-management-pushes-for-changes" target="_blank" rel="noreferrer noopener">BP Begins Hunt for New Chair As Elliott Management Pushes for Changes</a></li>
</ul>
Photo via Shutterstock

Large Cap

Movers

BP Discovers Oil At Far South Prospect in Deepwater Gulf, Boosts Upstream Growth Outlook

U.S. stock futures rose on Monday following Friday&#8217;s advances. Futures of major benchmark indices were higher in premarket.
President Donald Trump on Friday temporarily <a href="https://benzinga.com/25/04/44778464/trump-administration-grants-tariff-reprieve-to-tech-industry-apple-and-nvidia-among-beneficiaries">exempted smartphones, computers, and chips</a> from new U.S. reciprocal tariffs, despite a 20% tariff remaining on all Chinese goods, reversing part of a recently imposed 145% tariff.
However, the Commerce Secretary Howard Lutnick indicated these <a href="https://www.benzinga.com/general/market-summary/25/04/44783093/mark-cuban-examines-trumps-tariff-exemptions-rationale-on-electronics-thats-billions-of-revenue-for-the-usa">electronics exemptions are temporary</a>, and further tariffs could follow soon. Investors also assessed the upbeat bank earnings and cooler-than-expected inflation data.
The 10-year Treasury bond yielded 4.46% and the two-year bond was at 3.92%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool&#8217;s </a>projections show markets pricing a 79.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.00%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.44%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>1.69%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.95%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Monday. The SPY was up 1.47% to $541.71, while the QQQ advanced 1.75% to $462.35, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
U.S. stocks finished Friday&#8217;s session higher, fuelled by robust bank earnings from JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), alongside surprisingly cooler producer inflation data up 2.7% year-on-year in March, down by 0.4% monthly.
All S&amp;P 500 sectors saw gains, with energy, information technology, and materials stocks leading the advance.
The positive sentiment resulted in significant weekly gains for the major averages: the S&amp;P 500 rose 5.7%, its best week since November 2023, the Nasdaq surged 7.3%, its best week since November 2022, and the Dow climbed approximately 5%.
The Dow Jones index climbed 619 points or 1.56% to 40,212.71, whereas the S&amp;P 500 index advanced 1.81% to 5,363.36. Nasdaq Composite rose to end 2.06% higher at 16,724.46, and the small-cap gauge, Russell 2000, jumped 1.57% to 1,860.20.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>2.06%</td>
<td>16,724.46</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.81%</td>
<td>5,363.36</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.56%</td>
<td>40,212.71</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.57%</td>
<td>1,860.20</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
According to Louis Navellier of Navellier &amp; Associates, given the severe selling in the stock market and high trading volume, &#8220;it appears that much of the selling pressure is starting to be exhausted.&#8221;
&#8220;There is no doubt that there will be ripple effects from the Trump Administration's trade war with China. It is imperative that the velocity of money picks up if news breaks on tariffs diminishing and/or the Fed cutting key interest rates,&#8221; he added.
Amid the growing trade tensions between the U.S. and China, Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) cut its targets for key Chinese stock indexes for a second time this month.
According <a href="https://www.bloomberg.com/news/articles/2025-04-14/goldman-sachs-cuts-targets-for-china-stocks-second-time-in-april#:~:text=The%20Goldman%20team%20trimmed%20its,to%20soften%20the%20trade%20shock.">to</a> Bloomberg, "U.S.-China trade tensions have soared to unprecedented levels, prompting concerns about global recession, and decoupling risks between the two largest economies globally in other strategic cohorts, notably capital markets, technology, and geopolitics," a team led by Kinger Lau wrote in a note Monday. 
Analysts reduced 12-month price targets for the MSCI China Index to 75 from 81 and the CSI 300 Index to 4,300 from 4,500 points, suggesting potential gains of 12% and 15% respectively based on Friday&#8217;s closing prices.
Meanwhile, Wedbush Securities&#8217; Dan Ives described the exclusion of smartphones and chips from China tariffs as the &#8220;dream scenario&#8221; for tech investors, stating that it&#8217;s a &#8220;game changer.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"This is the dream scenario for tech investors," Dan Ives, global head of technology research at Wedbush Securities, told CNBC. "Smartphones, chips being excluded is a game changer scenario when it comes to China tariffs." <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw">@CNBC</a> &#x1f3c6;&#x1f402;&#x1f525;&#x1f447;<a href="https://t.co/BhVWX2IYyN">https://t.co/BhVWX2IYyN</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1911066705406685306?ref_src=twsrc%5Etfw">April 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on this week:
<ul>
<li>On Monday, Philadelphia Fed President Patrick Harker will speak at 6:00 p.m., and Atlanta Fed President Raphael Bostic will speak at 7:40 p.m. ET.</li>
</ul>
<ul>
<li>On Tuesday, March&#8217;s import price index data and April&#8217;s Empire State manufacturing survey data will be released by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>On Wednesday, March&#8217;s U.S. retail sales will be out by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>Industrial production and capacity utilization data for March will be announced at 9:15 a.m. ET.</li>
</ul>
<ul>
<li>Business inventories for February and the home builder confidence index for April will be out by 10:00 a.m. ET.</li>
</ul>
<ul>
<li>Cleveland Fed President Beth Hammack will speak at 12:00 p.m. ET.</li>
</ul>
<ul>
<li>On Thursday, initial jobless claims data for the week ending April 12 and March&#8217;s housing starts, building permits, and April&#8217;s Philadelphia Fed manufacturing survey data will be released by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>On Friday, San Francisco Fed President Mary Daly will speak at 8:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) was up 1.73% in premarket on Monday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $12.35 per share on revenue of $14.81 billion.</li>
</ul>
<ul>
<li>M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) jumped 4.15% as Wall Street expects it to report earnings of $3.40 per share on revenue of $2.34 billion before the opening bell.</li>
</ul>
<ul>
<li>Pinnacle Financial Partners Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) was 0.16% lower as it is expected to report earnings after the closing bell. Analysts expect a quarterly earnings of $1.80 per share on revenue of $483.71 million.</li>
</ul>
<ul>
<li>Titan Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTNP#NASDAQ">TTNP</a>) was up 0.27% after it announced a $1 million private placement consisting of convertible preferred stock.</li>
</ul>
<ul>
<li>Aon PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) advanced 0.24% after announcing a 10% increase to its quarterly cash dividend.</li>
</ul>
<ul>
<li>Synaptics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>) was 0.82% higher after unveiling its next-generation touch controller engineered for foldable OLED displays.</li>
</ul>
<ul>
<li>BP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) jumped 2.75% after announcing an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America.</li>
</ul>
<ul>
<li>Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) rose 1.79% after increasing the PS5&#8217;s price in Europe by 25%, ahead of a likely U.S. hike.</li>
</ul>
<ul>
<li>Chipmakers Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gained 2.35%, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) was up 0.59%, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) was 1.82% higher and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) jumped 2.28% after Trump announced the he would levy tariff rate on imported semiconductors this week, adding that there would be flexibility with some companies in the sector.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.78% to hover around $61.98 per barrel.
Gold Spot US Dollar declined 0.32% to hover around $3,229.62 per ounce. Its fresh record high stood at $3,245.76 per ounce. The U.S. Dollar Index spot was lower by 0.66% at the 99.439 level.
Asian markets rose on Monday, including India's S&amp;P BSE Sensex, China&#8217;s CSI 300, Hong Kong's Hang Seng, Japan's Nikkei 225, Australia's ASX 200, and South Korea's Kospi index. European markets were mostly higher in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/04/44783093/mark-cuban-examines-trumps-tariff-exemptions-rationale-on-electronics-thats-billions-of-revenue-for-the-usa">Mark Cuban Examines Trump&#8217;s Tariff Exemptions Rationale On Electronics: &#8216;That&#8217;s Billions Of Revenue For The USA&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

AVGO

PNFP

Sony Group Corporation American Depositary Shares

SONY

SYNA

TTNP

US Stocks Likely To Open Higher: Expert Says 'The Selling Pressure Is Starting To Be Exhausted'

Scotiabank analyst Paul Cheng maintains BP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) with a Sector Perform and lowers the price target from $34 to $30.

Price Target

Scotiabank Maintains Sector Perform on BP, Lowers Price Target to $30

BP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) shares are down Friday after the company <a href="https://www.benzinga.com/news/large-cap" target="_blank" rel="noreferrer noopener">updated first-quarter guidance</a>.
The company expects upstream production to decline compared to the previous quarter,&nbsp;with slightly higher&nbsp;production in oil production and operations and less <a href="https://www.bp.com/en/global/corporate/news-and-insights/press-releases/first-quarter-2025-trading-statement.html" target="_blank" rel="noreferrer noopener">in </a>gas and low-carbon energy.
In the gas and low-carbon energy segment, realizations are expected to be flattish, while gas marketing and trading results <a href="https://www.benzinga.com/calendars/guidance">are projected to be weak</a>.
Also, in the oil production and operations segment, the company anticipates realizations to be mostly flat&nbsp;due to price lags,&nbsp;particularly in the Gulf of Mexico and UAE.
In the customer segment, BP expects results to be impacted by reduced costs and strong midstream performance.
Also, in the products segment, the company projects results to be affected by strong realized refining margins of $0.1 billion-$0.3 billion and a lower impact from turnaround activity.
BP anticipates net debt of around $4 billion at the end of the quarter. Brent averaged&nbsp;$75.73/bbl in the&nbsp;first quarter&nbsp;of 2025 compared to&nbsp;$74.73/bbl in the&nbsp;fourth quarter of 2024.
Meanwhile, BP&#8217;s refining marker margin (RMM) averaged&nbsp;$15.2 per barrel, compared to&nbsp;$13.1 per barrel in the&nbsp;fourth quarter.
BP expects to report results for the <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">first quarter on April 29, 2025</a>.&nbsp;&nbsp;
Last week,&nbsp;the British oil and gas giant disclosed that its board had begun the process of selecting a&nbsp;new&nbsp;chair following <a target="_blank" href="https://www.benzinga.com//node/44644494" rel="noreferrer noopener">Helge Lund&#8217;s decision to step down</a>.
Investors can gain exposure to the stock via&nbsp;Precidian ETFs Trust BP plc ADRhedged&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/BPH#BATS">BPH</a>) and&nbsp;Texas Capital Texas Oil Index ETF &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OILT#NYSE">OILT</a>).
BP Price Action: BP shares were slightly down 0.61% at $26.07 at publication Friday morning.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/04/44625332/bps-cypre-gas-project-goes-live-boosting-upstream-growth-plans" target="_blank" rel="noreferrer noopener">BP&#8217;s Cypre Gas Project Goes Live, Boosting Upstream Growth Plans</a></li>
</ul>
Photo: Shutterstock

Guidance

BP Sees Mixed Q1 Outlook With Flat Oil Prices, Weaker Gas Trading Ahead Of Earnings

Investors with a lot of money to spend have taken a bearish stance on BP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BP, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 9 uncommon options trades for BP.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 55%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $939,231, and 2 are calls, for a total amount of $63,067.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $23.0 to $50.0 for BP over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for BP options trades today is 2183.33 with a total volume of 1,980.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for BP's big money trades within a strike price range of $23.0 to $50.0 over the last 30 days.
<h3>BP 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744315239_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$4.8</td>
<td>$4.65</td>
<td>$4.7</td>
<td>$28.00</td>
<td>$611.0K</td>
<td>339</td>
<td>1.3K</td>
</tr>
<tr>
<td>BP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$2.17</td>
<td>$2.06</td>
<td>$2.06</td>
<td>$26.00</td>
<td>$114.5K</td>
<td>329</td>
<td>172</td>
</tr>
<tr>
<td>BP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.25</td>
<td>$3.1</td>
<td>$3.2</td>
<td>$25.00</td>
<td>$64.0K</td>
<td>4.1K</td>
<td>103</td>
</tr>
<tr>
<td>BP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.43</td>
<td>$2.29</td>
<td>$2.38</td>
<td>$23.00</td>
<td>$47.6K</td>
<td>2.8K</td>
<td>200</td>
</tr>
<tr>
<td>BP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$9.3</td>
<td>$9.05</td>
<td>$9.2</td>
<td>$35.00</td>
<td>$45.9K</td>
<td>464</td>
<td>50</td>
</tr>
</tbody>
</table>

<h3>About BP</h3>
BP is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2024, it produced 1.2 million barrels of liquids and 6.9 billion cubic feet of natural gas per day. At the end of 2023, reserves stood at 6.8 billion barrels of oil equivalent, 55% of which are liquids. The company operates refineries with a capacity of 1.6 million barrels of oil per day.
Having examined the options trading patterns of BP, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of BP</h3>
<ul>
<li>With a trading volume of 12,271,197, the price of BP is down by -2.19%, reaching $27.29.</li>
<li>Current RSI values indicate that the stock is may be oversold.</li>
<li>Next earnings report is scheduled for 19 days from now.</li>
</ul>
<h3>What Analysts Are Saying About BP</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $36.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from TD Securities downgraded its rating to Hold, setting a price target of $36. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for BP, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Unpacking the Latest Options Trading Trends in BP

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Shares of energy companies are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

Oil and gas stocks such as APA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>), BP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) and Exxon Mobil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) are trading higher Wednesday after President Donald Trump announced a 90-day pause on reciprocal tariffs for countries that have not retaliated against <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">U.S. trade measures. </a>
What To Know: The move triggered a broad rally across energy names, driven by expectations that easing trade tensions would boost global demand and reduce export-related risks for U.S. producers. Several oil companies that have significant exposure to global oil markets have been under pressure due to fears of disrupted supply chains and reduced overseas demand. Trump&#8217;s decision to isolate China while granting tariff relief to U.S. allies shifted sentiment sharply.
The tariff pause was seen as a positive for crude demand outlook, as reduced trade friction could support broader economic activity. Energy stocks, which had lagged the broader market in recent weeks, responded to the shift in policy with a surge in buying volume, reversing recent weakness.
The focus now turns to how China will respond to the sharp 125% hike on its exports and whether energy markets will see any retaliatory impact. For now, the policy pivot has restored confidence across the oil and gas space.
Price Action: APA Corporation shares closed Wednesday up 19.10% to $16.71, Exxon Mobil shares rose 4.99% to $105.80 and BP advanced 6.81% to $27.90, according to Benzinga Pro.
Photo: Shutterstock.

Oil, Gas Stocks Jump After Trump Pauses Tariffs For US Allies, Isolates China

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Shares of oil and gas companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Shares of energy stocks are trading lower as crude oil falls to 2021 levels, following OPEC+'s decision to accelerate production hikes. The market is also grappling with fears of a recession, fueled by President Trump's recent tariff announcements and China's retaliatory measures, which have heightened concerns over global demand.

Shares of energy stocks are trading lower as oil prices fall after OPEC+ producers accelerated output hikes. Additionally, President Trump's recent tariff announcements and China's retaliatory tariffs on the US have driven further demand uncertainty.

BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) shares are trading lower premarket on Friday. The company disclosed that its board has begun the process of selecting a <a href="https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-chair-announces-intention-to-step-down-board-launches-search-for-successor.html" target="_blank" rel="noreferrer noopener">new </a>chair following Helge Lund's decision to step down.
The succession process, led by Dame Amanda Blanc as senior independent director with board support, aims to ensure a smooth transition.
The selected candidate will join the board and work alongside Helge Lund before officially assuming the chair role, likely in 2026.
Helge stated, "Having fundamentally reset our strategy, bp's focus now is on delivering the strategy at pace, improving performance and growing shareholder value. Now is the right time to start the process to find my successor and enable an orderly and seamless handover."
The decision follows pressure from activist hedge fund Elliott Management, which has been pushing for further changes at BP, reported Reuters.
Notably, in February, Elliott Management reportedly acquired a stake in BP and had been advocating for substantial changes at the British oil <a target="_blank" href="https://in.benzinga.com/news/large-cap/25/02/43591241/whats-going-on-with-oil-giant-bp-stock-today" rel="noreferrer noopener">company to boost its performance</a>.
In the same month, BP reported that it missed fourth-quarter revenue and earnings estimates, with hydrocarbon production <a target="_blank" href="https://www.benzinga.com/25/02/43618537/bp-q3-results-lower-revenue-rising-debt-but-175-billion-buyback-and-dividend-hike-impress" rel="noreferrer noopener">down 5.4% year-over-year</a>.
Investors can gain exposure to the stock via&nbsp;Precidian ETFs Trust BP plc ADRhedged&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/BPH#BATS">BPH</a>) and&nbsp;Texas Capital Funds Trust Texas Capital Texas Oil Index , ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OILT#NYSE">OILT</a>).
Price Action: BP shares are down 4.72% at $29.86 premarket at the last check on Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/04/44625332/bps-cypre-gas-project-goes-live-boosting-upstream-growth-plans" target="_blank" rel="noreferrer noopener">BP&#8217;s Cypre Gas Project Goes Live, Boosting Upstream Growth Plans</a></li>
</ul>

BP Begins Hunt for New Chair As Elliott Management Pushes for Changes

bp today announced that the company's board of directors has initiated a succession process to select a new Chair, after Helge Lund informed the board of his intention to step down in due course.

BP Announced Earlier, Chair Helge Lund To Step Down

BP p.l.c. &#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) bp Trinidad and Tobago (bpTT) disclosed on Thursday that it successfully commenced <a target="_blank" href="https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bptt-announces-start-of-production-from-new-cypre-gas-project.html?utm_source=PC%26C%20%7C%20C%26EA%20%7C%20External%20%7C%20Global%20%7C%20bp.com%20news&amp;utm_medium=email&amp;utm_campaign=14951822_bp%20TT%20announces%20start%20of%20production%20from%20new%20Cypre%20gas%20project&amp;dm_i=1PGC,8WGWE,5D8AP6,113O2C,1" rel="noreferrer noopener">gas </a>production from its Cypre development.
The Cypre gas field lies 78 km off Trinidad&#8217;s southeast coast in the East Mayaro Block at an 80-meter water depth. It is fully owned by bp Trinidad and Tobago, a joint venture between bp (70%) and Repsol (30%).
Cypre is among bp&#8217;s 10 major projects set to launch between 2025 and 2027 as part of its upstream growth strategy. The project will contribute to the expected 250,000 boed peak net production from these developments.
At peak, it is expected to produce around 45,000 boed (250 million standard cubic feet of gas per day).
The first phase, consisting of four wells, was completed in late 2024, with the second phase set to begin in the latter half of this year.
Notably, Cypre is bp&#8217;s second major project to launch in 2025, following the Raven field&#8217;s second development phase in Egypt.
The project aligns with bp&#8217;s expected upstream returns and fits within its capital expenditure plans.
Cypre marks bpTT&#8217;s third subsea development, featuring seven wells connected to the existing Juniper platform.
William Lin, EVP gas and low carbon energy&nbsp;said, &#8220;The second of 10 major projects across our global portfolio that we expect to start up by 2027, Cypre is also the first of a series of projects we will be bringing online in Trinidad to deliver gas to the nation and add value for bp.&#8221;
bpTT president David Campbell added, &#8220;Cypre is another key milestone in bpTT&#8217;s strategy to maximize production from our shallow water acreage using existing infrastructure. The project not only reinforces our commitment to maintaining production but also plays a crucial role in satisfying our existing gas supply commitments.&#8221;&nbsp;
Last month, the company disclosed that&nbsp;Apollo Global Management-managed funds will acquire a 25% non-controlling stake in BP Pipelines (TANAP) Ltd – <a target="_blank" href="https://www.benzinga.com/news/large-cap/25/03/44436034/bp-sells-25-stake-in-tanap-pipeline-to-apollo-for-1-billion-eyes-further-low-carbon-collaboration" rel="noreferrer noopener">bp TANAP for around $1.0 billion</a>.
Investors can gain exposure to the stock via Precidian ETFs Trust BP plc ADRhedged (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BPH#BATS">BPH</a>) and Texas Capital Funds Trust Texas Capital Texas Oil Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OILT#NYSE">OILT</a>).
Price Action: BP shares are down 3.87% at $32.50 premarket at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/contracts/25/03/44514978/bp-sells-austrian-mobility-business-finalizes-redevelopment-deal-for-kirkuk-fields-in-iraq" target="_blank" rel="noreferrer noopener">BP Sells Austrian Mobility Business, Finalizes Redevelopment Deal For Kirkuk Fields In Iraq</a></li>
</ul>
Photo via Shutterstock.

BP's Cypre Gas Project Goes Live, Boosting Upstream Growth Plans

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Palantir and bp Agree to 5-Year Strategic Relationship With New AI Capabilities

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AM Best Affirms Credit Ratings of Saturn Insurance Inc.

bp Introduces earnify™App: Enhancing the Fuel and Convenience Store Experience

Corteva Announces Intent to Partner with bp to Develop Low Carbon Intensity Bio-Feedstock for Aviation Fuel Production

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Petrobras Brasileiro

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares

Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares)

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:31 PMFeb 20, 2025	CALL	$33.00	Feb 21, 2025	-67	103711	8400	395	26284	TRADE	BULLISH
10:49 AMFeb 14, 2025	CALL	$37.00	Jan 16, 2026	262	2941	2750	39	7570	TRADE	BEARISH
02:14 PMFeb 13, 2025	CALL	$31.00	Feb 21, 2025	-67	2879	2840	6	48162	SWEEP	BULLISH