BP stock jumps on oil surge and buyback update — what to watch next
London, Jan 11, 2026, 08:17 GMT — The market has closed. BP shares closed Friday 2.39% higher, at 425.6 pence. (MarketScreener) This matters now as oil majors trade almost like a stand-in for the latest news out of the Middle East and Washington. For BP, even a few dollars’ change in crude prices can shift investor chatter around cash returns. Timing is another key factor. January tends to be quiet, yet it often sets the tone for buybacks, dividend expectations, and whether strength upstream can outweigh the noise from refining and marketing. Oil prices climbed Friday as traders grappled with