BP Share Price Today, 22 November 2025: Olympic Pipeline Leak, Oil Price Slide and What It Means for Investors

Key points

London (LON: BP.): BP’s primary London listing is trading around 453p, reflecting Friday’s close and live indicative pricing as markets sit shut on Saturday, 22 November 2025. ^[1]
New York (NYSE: BP): The BP ADR last closed at $35.98, up about 0.7% on Friday, and remains near that level in delayed live data. ^[2]
Today’s big story: The Olympic Pipeline leak near Everett, Washington is still unresolved, the 400‑mile system remains shut, and oil prices have slid to one‑month lows – all key pieces of today’s BP share price narrative. ^[3]

All prices are as of the latest available market data before publication on 22 November 2025 and may change. This article is for information only and is not investment advice.

1. BP share price snapshot today (22 November 2025)

With major stock exchanges closed on Saturday, “today’s” BP share price effectively means Friday’s closing levels plus the latest live indicative quotes.

London-listed BP (LON: BP.)

Last price: about 453.35p per share. ^[4]
Friday’s move (21 Nov): closed down roughly 1.1% from 458.25p the day before. ^[5]
Day range (Fri): roughly 448.6p–453.95p with around 25m shares traded. ^[6]
12‑month range: about 329p at the low to just above 476p at the high, leaving the stock trading in the upper half of its one‑year band. ^[7]

At around 453p, BP’s London market value sits in the region of £69–70bn, according to recent London Stock Exchange and investor data. ^[8]

BP ADR (NYSE: BP)

Last close: $35.98 on Friday, up about 0.73% on the day. ^[9]
Day range (Fri): roughly $35.53–$36.11, with volume a little under 8.8m shares. ^[10]
Near 52‑week high: data aggregators show an all‑time 2025 closing high around $37.35 earlier this month, meaning the ADR is only a few percentage points off that peak. ^[11]

Put simply: BP shares are off their early‑November highs but still elevated versus the past year, mirroring a FTSE 100 that’s near record territory even after a choppy week. ^[12]

2. Olympic Pipeline leak dominates BP news today

The single most important BP headline on 22 November 2025 remains the Olympic Pipeline leak in Washington state.

What we know today

A new Reuters update published today reports that: ^[13]

BP’s crews have excavated more than 100 feet of pipeline near Everett, Washington,
but they still haven’t identified the exact source of the leak,
and the pipeline remains shut, with no firm restart timeline.

Earlier Reuters coverage noted that: ^[14]

The 400‑mile Olympic Pipeline system moves gasoline, diesel and jet fuel from northern Washington down to Oregon, supplying Seattle‑Tacoma International Airport (SEA) among others.
The leak was first reported on 11 November after oil was spotted in a drainage ditch near Everett.
One of two parallel lines was briefly restarted but had to be shut again, halting refined product deliveries across the system.

Local media fill in more colour on the ground:

The Everett Post describes how routine maintenance found a sheen in a ditch between Everett and Snohomish; the affected stretch includes two underground pipes (16‑inch and 20‑inch) and has required significant containment and cleanup work. ^[15]
Washington governor Bob Ferguson issued an emergency proclamation to relax trucking rules so jet fuel could still reach SEA while the pipeline is down. ^[16]
Senator Maria Cantwell has now publicly demanded answers from BP, questioning how the leak was detected and when the pipeline was last inspected, according to KOMO News. ^[17]

Taken together, today’s picture is clear:

The Olympic Pipeline remains shut, regulators and politicians are turning up the heat on BP, and the company is still investigating the root cause — a classic combination of reputational, legal and operational risk that equity investors don’t like to see.

For a short‑term BP share price, that kind of uncertainty tends to act as a cap on rallies even when fundamentals elsewhere look solid.

3. Oil prices at one‑month lows add pressure

BP is still, fundamentally, a leveraged play on global oil and gas prices, so the commodity backdrop on 22 November matters as much as the company‑specific headlines.

Crude prices this week

A Reuters energy report yesterday showed that: ^[18]

Brent crude settled around $62.56 per barrel,
while WTI closed near $58.06,
both down about 3% for the week and at their lowest levels in roughly a month.

Sharecafe’s market wrap today goes further, noting that: ^[19]

Brent slid to roughly $62,
WTI fell to about $57.46,
and Europe’s Stoxx Oil & Gas index dropped more than 2.4%, with Shell and BP each down around 1.4% in Friday trading.

The main driver? Growing speculation that President Trump’s proposed Russia–Ukraine peace plan could, if ever agreed, increase future Russian oil exports, loosening the market just as new US sanctions on Rosneft and Lukoil kick in. A stronger US dollar and ongoing jitters over global growth and interest rates are adding to the pressure on crude. ^[20]

For BP’s share price today, that means:

The pipeline news is company‑specific bad news,
while oil price weakness is sector‑wide headwind,
together keeping a lid on the stock even though it sits near multi‑year highs.

4. Q3 2025 results: solid fundamentals behind the headline noise

Underneath the near‑term drama, BP’s latest quarterly numbers – released earlier this month – are still an important anchor for how investors value the shares.

Earnings beat, driven by refining

BP’s third‑quarter 2025 results showed: ^[21]

Underlying replacement cost (RC) profit of about $2.2bn–$2.21bn,
beating analyst expectations near $2.0bn despite lower average crude prices,
operating cash flow of around $7.8bn,
and a record quarter for the customers and products division, helped by high refining availability (around 97%, the best in 20 years for BP’s current portfolio).

Reuters notes that all major business units beat consensus, with refining margins doing the heavy lifting. ^[22]

Dividends and shareholder returns

On shareholder payouts, BP has kept its promise of a “resilient dividend”: ^[23]

Q3 2025 dividend: 8.32 US cents per ordinary share, equivalent to $0.4992 per ADR,
ex‑dividend date 14 November 2025, with payment scheduled for 19 December 2025,
trailing annual dividend around $1.94–$1.98 per ADR, implying a yield in the mid‑5% range at roughly $36 per share.

On top of that, BP is running a $750m share buyback per quarter, with total 2025 asset sales expected to reach about $5bn. ^[24]

When you put dividend yield and buybacks together, some data providers estimate BP’s total shareholder yield (dividends + buybacks) in the region of 11%. ^[25]

Strategic reset and Castrol sale

BP’s strategy remains in the middle of a significant shift:

After a period of heavy renewables spending under previous leadership, the company is now pivoting back toward oil and gas, emphasising cash flow and returns. ^[26]
A centrepiece of that plan is a $20bn divestment programme, with the potential sale of Castrol, BP’s century‑old lubricants business, believed to be worth around $8bn according to analyst estimates. ^[27]
Reuters recently reported BP is in active talks with infrastructure investor Stonepeak about a Castrol deal, which could significantly de‑risk the divestment target if it goes through. ^[28]

Activist investor Elliott Management and new chair Albert Manifold have both pushed for tougher cost cuts and a more focused portfolio, and BP has responded with plans for major office‑based job reductions and streamlined capex. ^[29]

All of this helps explain why, despite this week’s pull‑back, BP’s share price has been one of the stronger performers in the European energy space over the last year.

5. How markets are interpreting BP’s share price right now

If you zoom out slightly from “today” to the last couple of weeks, a pattern emerges.

From early‑November highs to pipeline‑and‑oil pullback

In London, BP spent early November close to its 12‑month high around 476p, buoyed by the Q3 earnings beat, robust cash generation and the ongoing buyback. ^[30]
From 11–21 November, the LON:BP price has drifted lower to the low‑450s, a move of around 4–5% from the peak. ^[31]
TS2 Tech’s daily coverage yesterday framed the drop as driven by a combination of the Olympic Pipeline shutdown, softer oil prices and a more cautious global equity mood – while still noting that BP remains in the upper half of its 12‑month range. TechStock²+1

On the other side of the Atlantic:

The BP ADR has held up a little better, closing Friday at $35.98, up on the day and only modestly below its early‑month high near $37. ^[32]

Meanwhile, the broader context:

The FTSE 100 itself ended Friday at about 9,539.7, up 0.13% on the day but down roughly 1.6% for the week, underscoring how global growth jitters and AI‑bubble fears have weighed on UK equities generally. ^[33]
Europe’s Stoxx Oil & Gas index fell over 2.4% yesterday, with BP and Shell both sliding around 1.4%, according to Sharecafe’s summary of the session. ^[34]

In that context, BP’s share price performance looks very much “in line with the sector” rather than a stock‑specific collapse. The Olympic Pipeline story is a clear overhang, but not yet something markets see as a thesis‑changing disaster.

6. What could move the BP share price next?

Short‑term share prices can be driven by almost anything, but for BP there are a few obvious catalysts that investors are watching after today’s news.

Potential upside drivers

Resolution of the Olympic Pipeline shutdown
- A clear, well‑managed fix that satisfies regulators and minimises environmental damage would likely remove an overhang and reduce the risk of large fines or compensation claims. ^[35]
Stabilisation or rebound in oil prices
- If markets decide Trump’s peace proposal is unlikely to lead to significantly higher Russian exports, or if demand data improves, a firmer Brent price would support cash flows and sentiment across the sector, BP included. ^[36]
Castrol sale and progress on divestments
- A well‑priced Castrol deal – close to the roughly $8bn value some analysts have floated – would both reduce leverage and signal that BP can deliver on its $20bn asset‑sale target. ^[37]
Delivery on cost cuts and strategy reset
- Continued evidence that BP is improving margins, trimming overheads and reallocating capital towards higher‑return oil and gas projects tends to be rewarded by the market, especially now that activist investors are watching closely. ^[38]

Potential downside risks

Worse‑than‑expected fallout from the pipeline leak
- If investigations find serious maintenance failings, or if the volume of spilled product is higher than expected, BP could face larger clean‑up costs, fines or legal claims, which markets would quickly price in. ^[39]
Further declines in oil and gas prices
- Reuters already has Brent and WTI at one‑month lows, and some investors fear a prolonged period of sub‑$65 Brent could cap cash flows and force more aggressive cuts elsewhere. ^[40]
Execution risk on divestments and restructuring
- The Castrol sale and wider $20bn divestment plan are complicated. Any sign that deals are delayed or achieved at poor valuations would undermine the bullish case built on buybacks and debt reduction. ^[41]
Regulatory, climate and activist pressure
- Between climate policy, activist campaigns and governance questions, BP remains under intense external scrutiny, which can limit how aggressively it leans into fossil fuel expansion. ^[42]

7. Is BP stock a buy at today’s price? A balanced, non‑advice view

Only you (or a qualified adviser who understands your situation) can decide whether to buy or sell BP shares. But we can outline how many investors are looking at the risk–reward around today’s price level.

The bullish case in a nutshell

Supporters of the stock tend to highlight that: ^[43]

BP offers a high single‑digit shareholder yield when you combine a dividend around 5½% with share buybacks.
The company is generating strong cash flow even with oil in the low‑60s, thanks in part to very profitable refining operations.
Shares are trading below their early‑November highs despite the fundamentals not materially changing, suggesting recent weakness is more about sentiment and headlines than earnings.
If management successfully executes the Castrol sale and wider asset‑sale programme, leverage should fall and the business could look cleaner and more profitable.

The cautious / bearish case

Sceptics usually point out that: ^[44]

Oil prices are under pressure from geopolitics, peace‑deal speculation and demand worries, and a prolonged slump would eventually hit profits and payouts.
BP’s strategy U‑turn – pivoting away from earlier green commitments back towards fossil fuels – leaves some investors unsure about its long‑term direction and ESG profile.
Operational issues like the Olympic Pipeline leak are reminders that accidents and regulatory risk are part of the business model.
The share price has already had a strong multi‑year run, so even with a good dividend, future total returns may be more modest unless earnings keep surprising to the upside.

A note on algorithms and forecasts

Algorithm‑based services such as CoinCodex currently project only small day‑to‑day moves in BP’s ADR – for example, nudging from roughly $35.98 to around $36.1 over the next day – and a modest pull‑back over the next week. ^[45]

These model‑driven forecasts can be interesting context, but they aren’t guarantees. Real‑world news – like today’s pipeline headlines – can quickly overwhelm any technical or statistical pattern.

8. Practical takeaways if you’re following BP today

If you’re tracking BP share price on 22 November 2025, here are the compact conclusions:

Price levels
- Roughly 453p in London and $35.98 in New York, near the top half of the 12‑month range but below recent highs. ^[46]
Today’s key story
- The Olympic Pipeline leak remains unresolved, the line is still shut, and political scrutiny of BP’s handling of the incident is intensifying. ^[47]
Macro backdrop
- Oil prices are soft, with Brent and WTI around $62 and $58, and European energy stocks under pressure. ^[48]
Fundamentals
- Q3 2025 results showed resilient profits and cash flow, a well‑covered dividend, and ongoing buybacks and asset sales – factors that help support the valuation. ^[49]
Risk–reward
- Short‑term moves are likely to hinge on pipeline updates, crude prices and any fresh news on divestments or cost cuts.

Before making any decision, it’s wise to:

Cross‑check the latest live price on your broker or an official market feed,
Consider how commodities, regulation and ESG fit into your own risk tolerance, and
If needed, speak to a licensed financial adviser who can factor in your personal circumstances.

References

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Semiconductor Stocks Weekly Wrap (Nov. 16–21, 2025): Nvidia’s Blowout Earnings Collide With AI Bubble Fears

Energy Stocks Weekly Recap, November 16–21, 2025: Oil Slides Toward $60, Big Deals Hit the Tape and Clean Energy Pulls Back