BP share price today (21 November 2025): BP.L dips as Olympic Pipeline shutdown and weaker oil prices hit sentiment

BP’s London‑listed shares eased lower on Friday as the fallout from a major U.S. pipeline leak and another drop in global oil prices weighed on the BP plc share price.

BP share price today: how BP.L traded on 21 November 2025

At the close in London on Friday 21 November 2025, data from several market platforms showed BP plc (ticker BP. on the LSE) trading around 450–451p per share, down roughly 1.5–1.8% on the day.

LSE.co.uk showed a last quoted price of about 450.5p, with a fall of 7.75p (‑1.69%) versus Thursday’s close of 458.25p. ^[1]
Hargreaves Lansdown quoted bid/offer around 451.15p/451.30p, also pointing to a decline of about 1.5% for the BP share price today. ^[2]
Investing.com’s historical data lists 21 November 2025 with a close close to 450.1p, an open at 453.0p, intraday high just above 453p and low around 448.6p, with volume in the 7–8 million range. ^[3]

Because different providers calculate “last price” slightly differently (mid-price vs last trade), the exact end‑of‑day figure can vary by a fraction of a penny, but they all agree that BP finished the session close to 450p and clearly below Thursday’s 458.25p close. ^[4]

Intraday, today’s BP share price action in London looked relatively calm:

Open: ~453.0p
High: ~453.5p
Low: ~448.6p
Previous close: 458.25p ^[5]

That puts BP toward the lower end of today’s range but still comfortably inside its 52‑week band of roughly 329p to 476p, with a market capitalisation around £69 billion. ^[6]

Why is the BP share price down today?

1. Olympic Pipeline leak still shutting key US fuel route

The single most BP‑specific story hanging over the stock right now is the Olympic Pipeline leak in Washington state, USA.

A series of reports from Reuters and market news services on 20–21 November confirm that: ^[7]

BP’s 400‑mile (644km) Olympic Pipeline system remains fully shut after a leak was detected near Everett, Washington, on 11 November 2025.
The pipeline normally transports gasoline, diesel and jet fuel from northern Washington down to Oregon – making it an important refined‑products artery for the Pacific Northwest.
BP has begun 24‑hour excavation operations to expose the affected sections of pipe for visual inspection and repair.
The company has not provided a firm timeline for when the system will fully restart, and the volume of leaked and recovered fuel is still being assessed.
Washington governor Bob Ferguson declared a state of emergency because the shutdown is disrupting jet fuel supplies to Seattle‑Tacoma International Airport (Sea‑Tac).

MarketScreener and MT Newswires picked up the same theme in pre‑market notes and headlines on Friday, highlighting that BP’s Olympic Pipeline remained shut and excavation work had begun, and flagging the story as one of the key corporate items to watch for UK stocks on 21 November. ^[8]

For equity investors, the direct financial hit from one pipeline incident is likely manageable for a company of BP’s size. But the closure brings:

Short‑term lost throughput and margin from refined‑product movements
Potential remediation and repair costs, still uncertain
Regulatory and reputational risk in a safety‑sensitive part of the business

Those unknowns tend to make investors more cautious, and that caution has been reflected in today’s softer BP share price.

2. Oil prices fall again on Russia‑Ukraine peace hopes

On top of the company‑specific pipeline news, global oil prices fell for a third straight session today, putting further pressure on big integrated oil majors like BP.

A series of reports from Reuters and other outlets on 21 November note that: ^[9]

Brent crude slid to roughly $62–63 per barrel, and
WTI dropped to around $57–58 per barrel,
leaving both benchmarks on track for weekly losses of roughly 2–3%.

The main drivers cited were:

U.S.‑led efforts to broker a Russia–Ukraine peace deal, which investors fear could eventually increase global oil supply and reduce geopolitical risk premia.
A stronger U.S. dollar and waning expectations of imminent Federal Reserve rate cuts, which tend to weigh on commodities priced in dollars.

For BP, lower oil prices hit:

Upstream earnings, where realised crude prices feed straight into revenue and cash flow.
Investor sentiment toward the whole oil & gas sector; when crude sells off, energy stocks often fall together, even if their individual news flow is mixed.

Against this macro backdrop, BP’s drop of around 1.5–1.8% in London today is broadly in line with the pressure on the wider energy complex.

3. Risk‑off mood in UK equities

The weakness in BP also sits within a wider risk‑off mood across UK and global stock markets.

The FTSE 100 spent Friday under pressure, with live blogs from UK outlets describing the index slipping to around a one‑month low amid worries over an “AI bubble”, softer UK economic data and jittery global sentiment. ^[10]

When the broader market is in de‑risking mode, cyclical names like oil majors can get marked down simply as part of sector and index selling, amplifying any company‑specific concerns like BP’s pipeline incident.

BP news today and this month: what else investors are watching

While the Olympic Pipeline story is the main “hard news” item tied to BP on 21 November 2025, today’s share‑price move also sits on top of a busy November for the company.

Q3 2025 earnings: profit beat and cautious outlook

Earlier in the month, BP reported third‑quarter 2025 results that beat analyst expectations, even as weaker oil trading dragged on performance. Reuters and analyst summaries highlight that: ^[11]

Underlying profit fell year‑on‑year but came in ahead of consensus, helped by strong refining and resilient upstream operations.
Management reiterated its focus on capital discipline, cost control and portfolio optimisation.
BP raised or reaffirmed guidance for asset‑sale and divestment proceeds, signalling a faster shift out of non‑core assets.

A separate earnings‑call summary notes that BP generated robust operating cash flow in Q3, with production up around 3% quarter‑on‑quarter and refinery availability at multi‑year highs – factors that continue to underpin the investment case even as oil prices wobble. ^[12]

$20bn divestment programme: US pipeline stakes and Castrol talks

BP’s ongoing $20 billion divestment drive is another key theme this month:

On 3 November, BP agreed to sell minority stakes in several U.S. onshore midstream (pipeline) assets in the Permian and Eagle Ford basins to investment firm Sixth Street for about $1.5 billion, as part of its multi‑year effort to cut debt and streamline the portfolio. ^[13]
On 13 November, Reuters reported that BP is in active talks with Stonepeak over a potential sale of its Castrol lubricants business, a move that would represent a major step toward meeting that $20bn asset‑sale goal. ^[14]

Neither of these stories directly moves today’s BP share price in isolation, but together they help explain why investors are quick to reassess BP’s risk‑reward when new operational issues, like the Olympic Pipeline leak, crop up.

Debt reduction: redemption of $2bn in notes

Just a few days ago, on 18 November 2025, BP published a press release announcing the redemption of USD 2 billion of outstanding notes, another incremental step in trimming gross debt and managing the balance sheet. ^[15]

Reducing interest costs and simplifying the capital structure is typically positive for equity holders over the long term, and that supportive backdrop helps to offset some of the negative headlines around pipelines and oil prices.

BP share price in context: valuation and 12‑month range

Even after today’s dip, the BP share price is still sitting toward the upper half of its 12‑month trading range:

52‑week low: ~329p
52‑week high: ~476p (set earlier in November) ^[16]

At around 450p, BP is:

Roughly 5–6% below that recent high. ^[17]
Still well above levels seen in the first half of 2025, when oil prices were softer and sentiment toward integrated majors was more cautious.

Market data also show:

Market cap: about £69 billion ^[18]
Dividend yield: around 5–5.5%, based on recent payouts and today’s share price. ^[19]
A headline P/E ratio that screens unusually high, distorted by large exceptional items and accounting effects in recent periods. ^[20]

For long‑term investors, that combination – high but noisy earnings multiples, hefty dividends and big buyback programmes – makes BP a classic value‑plus‑income story, but one that remains heavily exposed to commodity prices and regulatory risk.

What could move the BP share price next?

Looking beyond today’s 21 November 2025 close, several catalysts are likely to shape the BP share price over the coming days and weeks:

Resolution of the Olympic Pipeline shutdown
- A clear timeline for restarting the system, more detail on the volume spilled, and clarity on any regulatory penalties or remediation costs will be crucial. A rapid, well‑managed return to service would likely ease some of the immediate downside pressure on the stock. ^[21]
Where oil prices go from here
- If the current Russia–Ukraine peace push stalls or proves more symbolic than real, some of this week’s oil‑price losses could unwind. Conversely, concrete progress toward a deal could keep Brent under pressure, which would remain a headwind for BP and its peers. ^[22]
Macro sentiment toward UK equities
- Concerns over an AI‑driven equity bubble, mixed economic data and fiscal uncertainty have kept the FTSE 100 under strain. Any stabilisation – or further deterioration – in that backdrop will feed into BP’s day‑to‑day trading. ^[23]
Updates on asset sales and capital returns
- Fresh news on the Castrol sale process, additional pipeline or infrastructure disposals, or changes to buyback and dividend guidance could all shift how investors value BP’s long‑term cash‑flow profile. ^[24]

Bottom line: BP share price today

To summarise:

BP’s UK‑listed shares ended today’s session around 450p–451p, down roughly 1.5–1.8% compared with Thursday’s close. ^[25]
The move reflects a mix of company‑specific news – most notably the ongoing shutdown of BP’s Olympic Pipeline in Washington state – and macro headwinds from falling oil prices and a risk‑off mood in global equities. ^[26]
In spite of today’s drop, the BP share price remains near the upper half of its 12‑month range, supported by solid Q3 results, continued asset sales and active balance‑sheet management, but still highly sensitive to commodity prices and operational headlines. ^[27]

As always, share prices can move quickly and intraday quotes may differ slightly between data providers. Anyone considering trading BP shares should check up‑to‑the‑minute prices on their broker or an official market feed and remember that this article is for information only and does not constitute investment advice.