BP Share Price Near £5—Should You Buy Ahead of Quarterly Earnings?
Ollie Smith: 2026 has already put oil firmly in the headlines, with US military intervention in oil-rich Venezuela and talk of a new commodities supercycle giving crude oil prices fresh momentum. By late January, oil prices hit a four-month high as commodities markets adjusted to perceived global conflict risk and rising demand for core industrial products.
In London, both the capital’s listed oil majors, Shell SHEL and BP BP., are up since Jan. 1, but it’s BP that’s climbed nearly 6% in the year to date, positioning it for its best annual gain since 2025, when it climbed 10.13%. Its share price is now heading for the £5 mark again, a level it briefly breached in 2024. Takeover talk, which has been doing the rounds in the City for…
