BP PLC Extends Gains for Seventh Consecutive Session

BP PLC’s stock price has continued to rise, extending gains for a seventh consecutive session. The company’s stock price increase is attributed to rising oil prices, which have surged following Israel’s attack on Iran.

Key Factors Contributing to BP’s Stock Price Increase

• Rising oil prices, driven by the Israel-Iran conflict
• Brent crude price reaching its highest level since January
• Continued disposal of non-core assets, including the sale of Castrol

Adnoc Considers Potential Purchase of BP Assets

Abu Dhabi National Oil Company (Adnoc) is reportedly considering a potential purchase of some BP assets, including:

• Liquefied gas businesses
• Oil fields

The disposal of non-core assets and potential purchase by Adnoc remain on track, as previously announced by BP PLC.