Why has BP’s share price slumped following the Venezuela chaos?
To some, BP‘s (LSE:BP) share price drop since the weekend might come as a shock. US military action in Venezuela — a key oil producing nation — should have powered the FTSE 100 oil stock higher, right?
The Brent crude benchmark is up 2.2% since markets opened Monday on fears of oil supply disruptions. Major US oil producers like Chevron, ConocoPhillips, and ExxonMobil have printed even greater gains.
In contrast, BP shares have fallen 1.3% so far this trading week.
So what on earth’s going on with BP’s share price? And can investors expect it to break out of its current lull and soar in 2026?
US action to remove Venezuelan President Nicolas Maduro will have enormous economic…
