BP Shares Up 20% Since Iran War, Leading All Supermajors
BP’s trading arm and lower starting valuation helped lift shares about 20%, while Exxon fell 2% as war-related outages hit rivals.
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9 Articles
BP Shares Up 20% Since Iran War, Leading All Supermajors
The Iran war and the loss of oil and gas supply from the Middle East have upended the stock performance of the biggest international majors. BP, the laggard of the past six years, has moved ahead of all others, while the top performer since 2020, ExxonMobil, has seen the worst stock showing among Big Oil since the war began. To be sure, none of the five supermajors – ExxonMobil, Chevron, BP, Shell, and TotalEnergies – have been close to replicat…
BP Gains on Exxon to Emerge as Top Big-Oil Stock During Iran War
(Bloomberg) — BP Plc, long the laggard among oil supermajors, is emerging as the sector’s top stock during the Iran war as it reaps “exceptional” trading profits and avoids the scale of production outages hurting rivals like Exxon Mobil Corp.
BP's Stock Runs Past Exxon to Emerge as Top Big-Oil Stock During Iran War - Energy News Beat
The Iran war that erupted on February 28 has sent oil prices surging past $100 per barrel amid disruptions in the Strait of Hormuz and Persian Gulf supply chains. While the broader energy sector has benefited from the geopolitical shock, not all Big Oil majors have performed equally. BP has emerged as the standout performer among supermajors, with shares climbing approximately 19-20% since the conflict began, while ExxonMobil has slipped about 2…
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