LONDON, Jan 17, 2026, 08:47 GMT — Market closed.
BP shares ended Friday’s session up 0.5%, settling at 440.25 pence in London ahead of the weekend.
With markets closed, traders will look to two familiar catalysts for BP on Monday: crude prices and the company’s ongoing stream of capital-return news. That’s typically where the next move begins.
Oil prices dipped on Friday as concerns over a potential U.S. strike on Iran softened, dragging Brent crude down 21 cents to $63.55 a barrel and U.S. crude off 15 cents to $59.04 during Asian trading. Such headline shifts can quickly impact cash-flow forecasts for major oil companies.
On Jan. 16, BP repurchased 3,038,773 ordinary shares as part of the buyback plan it unveiled on Nov. 4, 2025. The company reported a volume-weighted average price — the day’s average price weighted by trading volumes — sitting roughly between 439.7 and 440.0 pence across different trading venues. BP also said it intends to move these shares into treasury, keeping them off the market rather than circulating publicly.
BP’s offshore wind joint venture JERA Nex BP announced it will buy EnBW’s stake in the Mona project and has inked a lease agreement for the site, which could generate up to 1.5 gigawatts once up and running. The company also confirmed it won’t move forward with the Morgan project lease “in current market conditions.” This follows EnBW’s decision to exit both projects and report a 1.2 billion euro impairment charge. Reuters
The broader FTSE 100 ended flat on Friday near 10,236, slipping back after reaching a record high the day before. Weakening metal prices dragged miners lower. With London’s trading quieter, oil shifts and company-specific headlines took center stage.
BP’s U.S.-listed shares were last quoted at $35.38, rising roughly 0.7% from the previous close, per market data. The ADR often continues to shift after European markets close, especially when crude prices fluctuate in late trading.
Next week’s focus is clear: crude price moves, changes in buyback activity, and if the market continues to downgrade offshore wind economics following the recent project reset.
The bigger threat looming over BP’s stock, though, comes from its own Q4 trading update. The company flagged $4 billion to $5 billion in post-tax impairments—mainly write-downs linked to its low-carbon investments. It also warned that softer oil trading and falling prices would drag on the quarter’s results. RBC analyst Biraj Borkhataria called it “a first step in new management ‘clearing the decks.’” Reuters
BP will release its fourth-quarter and full-year 2025 results on Feb. 10, outlining its plans for buybacks, debt management, and spending priorities.
