BP (BP) Stock

Shell, a major oil company, announced a significant drop in profits for the fourth quarter, but still decided to proceed with a $3.5 billion share buyback.

Users of Zacks.com have been paying a lot of attention to BP (BP) lately. Therefore, it's important to understand the key information that could influence the future of the stock.

According to data from Hargreaves Lansdown's platform, the number of 'ISA millionaires' is increasing, showing where these investors are choosing to invest their money.

Doug Rachlin, a senior portfolio manager at Neuberger Berman, appears on 'Squawk on the Street' to talk about the potential opportunities in the company's energy transition and infrastructure strategy.

Investors are attracted to dividend stocks because they offer reliable passive income and a great chance for good overall returns.

According to Canadian bank RBC, BP PLC (LSE:BP.) faces important strategic issues that need to be addressed. They are looking forward to a capital markets day scheduled for February 26, which they believe will provide clarity on these matters.

US President Donald Trump, who took office on Monday, lifted the offshore drilling bans that were put in place by his predecessor, Joe Biden. This decision allows for the exploration of 625 million acres of coastal waters for oil and gas development, undoing measures that were meant to safeguard marine environments.

In the latest trading session, BP (BP) finished at $31.69, showing a decrease of 0.28% compared to the day before.

BP has announced that it will cut its global workforce by 5%, which affects nearly 4,700 employees and 3,000 contractor roles.