See the latest BP share price and dividend forecasts

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The BP (LSE: BP.) share price has sparked into life on a couple of occasions in recent weeks, but each time the flame quickly died down.

One moment of excitement came in April when tensions between Iran and Israel sent the oil price climbing towards $78 a barrel. Now it’s back below $68, and BP shares are down too.

BP shares also jumped after speculation of a £200bn merger with FTSE 100 rival Shell. But Shell denied this, and things settled down again.

So it’s back to reality for BP, and it isn’t particularly pretty. Its Q1 2025 results, published on 29 April, were poor. Net income fell 70% to $687m year-on-year, while operating cash flow dropped sharply, from $5bn to $2.8bn….

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